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Showing posts with the label Electronics and Consumer Goods Plastics Industry

Electronics and Consumer Goods Plastics Market Trend, Segmentation and Forecast to 2025

Growing demand for plastics in consumer gadgets manufacturing owing to their lightweight, low cost and superior impact and corrosion resistance is expected to propel growth. The Global Electronics and Consumer Goods Plastics Market is expected to reach USD 53.5 billion by 2025, according to a new report by Grand View Research, Inc. The major industry players including BASF SE, Bayer AG, DuPont, and Exxon Mobil Corporation, are engaged in manufacturing raw materials as well as plastics for end-use applications. Whereas, the players including LG Group and Honeywell are integrated across the complete value chain from the raw material supply to the production of consumer goods. Rising consumer demand for environmental friendly plastics is expected to compel the manufacturers to divert their focus to the production of bio-based and degradable product over the forecast period. The companies in the electronics and consumer goods plastics industry are expected to establish strategic p...