Usage Of Eco Friendly Plastic Components Is An Advantage For The Plastics in Electronics Components Market During The Forecast Period.
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According to MarketIntelReports' “Global and Chinese Plastics in Electronics Components Industry, 2017 Market Research Report”:
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The Plastics in Electronics Components Market has applications in telecommunications, medical, automotive, and electronics. Polyamides, polyethylene, nylons, and polyesters are used in the electrical components.
The insulation properties of the plastic enclosures are reasons for their use in the electric and electronic components of gadgets. They include connectors, bobbins, and printed circuit boards.
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The technological advancements for various plastics boost the growth of the plastic housing in the coming years. Liquid Crystal Polymer and polyphenylene sulphide compounds are used in high performance electronic components.
Scope & Regional Forecast of the Plastics in Electronics Components Market
The rising demand for plastics in electronic components due to their low cost is the main driver for the Plastics in Electronics Components Market. This will lead to the use of plastic electronics during the forecast period.
Adoption of cloud computing practices will also fuel the demand for the market.
Asia Pacific holds a major share in electronic housing. Plastic enclosures and boxes are used in the construction sector in the region.
Growing industrialization in India and China enhance the market demand in Asia Pacific.
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The adoption of Internet of Things is also another reason for the development of the plastic circuit box. However, environmental concerns about the disposal of plastics hampers the growth of the market.
Development of new materials like liquid crystal display has replaced ceramic components which are used in the electronic components. This enhance the growth of plastic electrical covers.
Development of printed electronics and the use of environmental friendly plastic components expand the market growth. The manufacturing capacity has increased and this factor is being used by the market players.
Segmentations & Key Players Involved in the Plastics In Electronics Components Market
The Plastics In Electronics Components Market can be broken down into various segments as follows:
- Region- North America, Europe, Asia Pacific.
Some of the key players involved in the Plastics in Electronics Components Market are as follows:
- Dow Chemical Company
- DuPont Inc
- Bayer Material Science
- Chevron Phillips Chemical
- Solvay Advanced Polymers
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