Post-consumer Recycled Plastics In Consumer Electronics Market Analysis Report By Source, By Product, By Application, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global post-consumer recycled plastics in consumer electronics market was prized by USD 11.4 million in 2020. It is estimated to witness 8.6% CAGR from 2021 to 2028.

Drivers

The issues like speedy industrial development, increasing demand for the e-waste in consumer electronics goods, rising urban development, and growing disposable earnings through the world have pushed the need for electronic apparatuses.

By reason of their lightweight, transparency, durability, greater chemical as well as heat confrontation, and toughness, plastics have increased grip in electronic apparatuses like smart phones, laptops, plus additional wearable electronic devices. The ecological worries taking place from the redundant electronic apparatuses and increasing e-waste are being managed by a variety of nations.

Besides, as contrast to virgin plastics, the raw material required for manufacturing recycled plastic resins is reasonably priced. Several plastic resin manufacturing companies have begun making post-consumer recycled plastic resins, mixed together with the virgin plastics.

The products, wherever the recycled plastic resins will be utilized, comprise consumer electronics along with the accessories like laptop housing, chargers & adapters, copiers, and printers.

The quick accessibility plus the enhancement in the plastic garbage can confirm to be a propelling feature of the market for post-consumer recycled plastics, during the forecast period. The utilization of e-waste can furthermore decrease, globally, the quantity of landfills.

Effect of Covid-19

The Covid-19 pandemic has created the need for the adoption of work-from-home policies, through many nations, globally. It has boosted the requirement for consumer electronic products, particularly mobile phones and laptops. The anticipated life span of plastics in consumer electronics is greater. It has caused increasing e-waste, through the world. The rising e-waste is a most important difficulty because of the need of waste administration arrangement.

Source Insight

The non-bottle rigid sector held the major, above 87.0% revenue share and dominated the post-consumer recycled plastics in consumer electronics market, in 2020.

The recycling of non-bottle rigid plastic has observed major enlargement, during the current years by means of an enhancement in the acquisition of difficult-to-recycle merchandises for example varied resin rigid bales via exporters, together with the escalation in revival and production of these merchandises, through the world.

The consumer electronics manufacturing companies like Hitachi, Ltd.; Panasonic Corporation; SONY Electronics Inc., Ltd.; plus, others are shifting to the acceptance of post-consumer recycled plastics foam above virgin plastics.These things are expected to stimulate the demand for non-bottle rigid plastics, during the forecast period.

Plastics bottles are not between the major resources of recycled plastics and are infrequently utilized for obtaining the post-consumer recycled plastic resins, used for the expansion of the market for consumer electronics.

Product Insight

The polycarbonate (PC) product section held above 57.0% revenue share and dominated the market, in 2020. It is expected to uphold its supremacy, during the forecast period.

The possessions like heat as well as chemical confrontation, shield from ultraviolet (UV) radiations, light transmittance, greater impact strength and sturdiness, create recycled PC resins appropriate for making use of it in electronics & electrical device components like electrical housing, television frames, mobile cases, plus others. The worldwide demand for recycled polycarbonate (PC) polymer in electronics & electrical is likely to increase, during the near future.

Recycled polystyrene gives hardiness, necessary in outsized use like display units and TV housings, together with excessive flow characteristics, required for the complicated, small, mechanisms utilized in electronic apparatuses.

This mixture of flow along with sturdiness permits original equipment manufacturers (OEMs) to construct thin-walled, composite components, although keep up the strength, necessary for the electronic applications. The resin is anticipated to observe an increase in demand for technically sophisticated electronic apparatuses, during the forecast period.

Application Insight

The laptop monitor enclosures section held the leading, above 25.0% revenue share and dominated the post-consumer recycled plastics in consumer electronics market, during 2020.

Increasing stress on sustainability along with the progressive hard work to decrease carbon track by diverse manufacturing companies of the consumer electronics has augmented the demand for post-consumer recycled plastic resins, during current years. This enhancement in the acceptance of post-consumer recycled plastic resins is projected to go on during the forecast period.

Regional Insight

In 2020, Asia Pacific held major, above 64.0% revenue share and directed the global market. In the conditions, revenue as well as quantity, China headed the market, in 2020.

Mainly, the market for post-consumer recycled plastics in consumer electronics in Asia Pacific is steered by rising demand for the product from the applications like white goods & appliances, bodies for mobile phones, transportable hand-held gadgets, wearable, laptop monitor enclosures, TV frames, LCD panels, plus others.

Besides, an entrenched industrialized source for consumer electronics in South Korea, Taiwan, China, Japan plus other nations are expected to present additional thrust for the expansion of the market. Also, the propinquity to suppliers of raw material along with the accessibility of low-priced manual labor is additionally fascinating depositors to the state.

As a result of increasing disposable earnings along with the growing demand for domestic appliances in rising economies like China and India, the appliances & white goods manufacturing has observed enlargement, during the current years.

The attendance of main domestic appliance manufacturing companies, like Panasonic Corporation, SAMSUNG, LG Electronics, Siemens, Haier Group, plus others is likely to generate openings for post-consumer recycled plastics in consumer electronics, within the region.

A number of profits of post-consumer recycled plastics, for example lesser carbon track, lightweight, and durability are catching the attention of consumer electronics manufacturing companies in the direction of the acceptance of post-consumer recycled plastics in consumer electronics.

Companies

The major companies contest on the basis of innovative technologies, utilized in formulating their product, along with the capability to develop the product. The well-known companies like SABIC are spending for the improvement of modern, in addition to sustainable resolutions used for making fresh and superior plastics, which offer them an advantage above their rivals.

A mainstream companies working in the international market are likely to aim at North America, Europe, Asia Pacific and the Middle East, in favor of their local expansions due to the greater demand for recycled plastics, intended for making use of it in electronic as well as electrical devices, within these regions.

Some of the companies for post-consumer recycled plastics in consumer electronics market are:

• LAVERGNE, Inc.
• MBA Polymers Inc.
• Covestro AG
• BASF SE
• Poly Visions
• INEOS Styrolution Group GmbH
• Trinseo S.A.
• SABIC

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Million Insights has segmented the global post-consumer recycled plastics in consumer electronics market report based on source, product, application, and region:

• Source Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)
    • Non-bottle Rigid
    • Bottles
    • Others

• Product Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)
    • Polycarbonate (PC)
    • Polyethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Polypropylene (PP)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS)

• Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)
    • TV Frames
    • Laptop Monitor Enclosures
    • LCD Panels
    • Portable Hand-held Devices
    • Wearables
    • Mobile Phone Bodies
    • Appliances & White Goods
    • Others

• Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
    • Asia Pacific
        • China
        • India
        • Japan
        • Malaysia
    • Central & South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia