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Electronics device market triggers demand for plastics

Source:Reed Tradex     Date:2022-06-10
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The growth of smartphone and wearable products has contributed tremendously to the demand for plastics in consumer electronics. Consequently, a variety of plastic resins are offered opportunities for usage such as Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), and Polymethyl Methacrylate (PMMA) because they are used for manufacturing housings for electronic devices, mounting frames, display frames, and vibration cushions that are lightweight and durable.


According to the information from GlobeNewswire, the global plastics in consumer electronics market size is expected to reach USD 7.70 billion by 2028. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. In 2020, Asia Pacific accounted for the maximum revenue share of the global market with an estimate to grow further due to the presence of a well-established manufacturing base for electrical & electronics in China, Japan, and South Korea. In addition, rapid urbanization is expected to propel the demand for mobile phones, laptops, television, and other electronic appliances across India.


Asia is becoming the desired destination for plastics manufacturing, especially for the consumer electronics segment which is rising rapidly due to the fast-paced technological development. Riding in this wave is the "InterPlas Thailand 2022" which is slated to take place on June 22-25, 2022 at BITEC in Bangkok. For more information about the trade show and its exhibits, visit: www.interplasthailand.com


-          For more news on InterPlas Thailand/Manufacturing Expo 2022, click here.

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