Electronics & Consumer Goods Plastics Would be More Durable and Environment Friendly

Have you ever wondered about the chemical composition of plastic? Or, what it is made of? Plastics are obtained from natural materials such as natural gas, salt, cellulose, coal, crude oil, minerals, and plant materials. It is a synthetic or semi-synthetic polymer. Most plastics are made using natural gas or petroleum.

The first synthetic plastic was created using plant cellulose. It is lightweight, durable, and less expensive and is made up of greater physical and mechanical strength. Electronics and consumer goods plastic has witness revolutionary innovations in the recent past. These advancements are anticipated to widen their applications and reach.

Novel Developments

Even though plastics based products have brought a considerable value to society over the past decades, there have been numerous issues regarding their biodegradability. Using non-renewable resources as raw materials and petroleum as feedstock can contribute to irreversible environmental perils. Functional research & development can help find definite solutions to these problems and new options for plastic.

Polylactic acid (PLA) polymers are obtained from corn and sugarcane by converting starches and sugars into resin pellets. NatureWorks LLC; has developed plant-based polymer resins, which can be converted into fibers. It can be used for manufacturing cloths, packaging films, and a wide range of molded products.

Recently, ‘Paxica’ has developed an advanced technology called ‘Optipure’, which is used to produced high value polymer grade D lactic acid or L & D acid using any lactic feedstock. These lactic types can be processed into polylactic acid polymers that can be used in durable consumer goods, automotive products, and oil & gas industry.

Market Overview

According to a report by Grand View Research, Inc.; the global electronics and consumer goods plastic market is predicted to gain nearly USD 53.5billion by 2025. Increasing demand of plastics in manufacturing of consumer products can propel the market during the forecast period (2014 to 2015).

Household appliances including washing machine, refrigerator, and dish washers dominated the application sector in 2016. They are anticipated to grow at around 4.8% CAGR from 2017 to 2025. Polyvinylchloride is predicted to grow at a CAGR 4.7% over the forecast period due to its applications in manufacturing, fixture houses, containers, and junction boxes.

In 2016, the Asia-Pacific was the fastest growing market for electronics &consumer goods plastics and is predicted to grow at a CAGR of 6.2% from 2017 to 2025. Prominent key players operating in the market are Solvay, BASF SE, Toray, INEOS Nova LLC, and Mitsubishi Chemical Holdings Corporation.

In-Depth research report on Electronics and Consumer Goods Plastics Market:

http://www.grandviewresearch.com/industry-analysis/electronics-consumer-goods-plastics-market