The global electronics components market reached nearly 3.9 billion pounds in 2016. This market is estimated to reach nearly 6.1 billion pounds in 2022 from 4.2 billion pounds in 2017 at a compound annual growth rate (CAGR) of 7.7% for 2017-2022.
-An overview of the global market for plastics in electronic components
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
-Information about pricing of resins, molders of electronic components, testing agencies, and requirements related to electronic components
-Coverage of single devices, such as connectors, capacitors, switches, bobbins, multiple-component devices such as printed circuit boards and interconnects, and encapsulants.
-Comprehensive company profiles of major players in the industry
Study Goals and Objectives
This study focuses on the use of plastics in electronics components. It considers the wide range of thermoplastics and thermosetting polymers (including polyurethanes) that are being used in electronics components found in industrial, automotive and consumer electronics. It reviews the most recent developments in these materials that respond to the changing needs of the markets, and it analyzes the current and likely future sizes of these markets, broken down by component and by polymer type.
Reasons for Doing This Study
Plastics consumption in electronics components has been growing at rates well above the growth in gross domestic product for many years. Electronics products have invaded virtually all areas of our personal and business lives, and their levels of sophistication continue to increase. The amount of electronics in automobile control, driver assist and infotainment systems is rising rapidly. Cloud computing is carried out on a massive scale, and now the Internet of Everything is connecting devices as well as people.
At the same time, the tendency of many personal electronics to become fashion items has reduced product life cycles, with each new product generation putting new demands, in performance and especially cost, on the materials that go into them.
In addition, the increasing visibility of electronics devices, most notably in mobile devices (smartphones and tablets), has been a key driver in pushing electronics companies to use more “environment-friendly” technologies and materials in their products. As a result, the market is in a state of permanent flux, and regular reappraisals are called for. This report is a fully revised update of an earlier version prepared in 2015.
Scope of Report
This study covers all electronics components where plastics are used to a significant extent. It concentrates on components produced by injection molding, compression molding and encapsulation. It does not cover wire and cable, films used in capacitors or recording media, or enclosures.
The study also identifies major material suppliers and key processors. It reviews important new technologies, as well as changes in legislation and industry standards and norms that may have significant effects on markets for electronics components, and it looks at interpolymer competition.
Both primary and secondary Information Sources were used in preparing this report. A comprehensive review was undertaken of literature relating to polymers used to produce electronics components, their applications, and technologies used to produce the components, markets and producers along the supply chain around the world. Included in the review was literature from manufacturers, associations and independent observers. Interviews were also carried out with various experts in the field.
Following collection and analysis of information from the literature review, unresolved issues were resolved from other sources, with input from producers, suppliers and fabricators of rigid transparent plastics. Additional details are provided in Chapter 4, Market Breakdown by Technology Type.
The market projections in this report are for the global market in its entirety.