Plastics for Household Appliances Market size was valued at USD 15.2 Billion in 2024 and is projected to reach USD 22.8 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The Global Plastics For Household Appliances Market Is Witnessing Significant Growth Due To The Increasing Demand For Durable, Cost Effective, And Lightweight Materials In The Manufacturing Of Household Appliances. Plastics Are Widely Used In The Production Of Various Household Appliances Such As Refrigerators, Washing Machines, Vacuum Cleaners, And Microwaves. The Scope Of This Report Covers An In Depth Analysis Of The Market, Segmented By Type, Application, And Geography. Key Drivers Of The Market Include Growing Consumer Demand For Energy Efficient Appliances And The Adoption Of Plastics Due To Their Versatility, Low Cost, And Ease Of Molding Into Intricate Designs. The Emergence Of New Technologies And Innovations, Such As Bio Based Plastics And Advanced Polymer Composites, Is Expected To Further Enhance The Functionality And Sustainability Of Household Appliances.
Market Size In 2022: Usd 16.02 Billion
Projected Cagr (2023 2030): 5.2%
Key Applications: Refrigerators, Washing Machines, Dishwashers, Vacuum Cleaners, And Others
Material Types: Abs, Polycarbonate, Polypropylene, Polyethylene, And Others
Key Trends: Increasing Use Of Sustainable Materials, Energy Efficient Appliance Design, And Integration Of Iot Technology In Household Appliances
Technological Advancements: Development Of High Performance Plastics, Recycling Innovations, And The Shift Towards Biodegradable Materials
As The Demand For Household Appliances Increases Globally, There Is A Notable Shift Towards The Use Of More Advanced Plastics That Offer Better Performance, Durability, And Environmental Sustainability. Manufacturers Are Leveraging These Technologies To Create Appliances That Are Not Only Functional But Also Environmentally Friendly. For Instance, The Growing Adoption Of Recyclable Plastics And Bioplastics In The Production Of Household Appliances Is Shaping The Future Of The Market. Furthermore, The Market Is Poised For Expansion, Driven By The Increasing Trend Of Smart Home Technologies That Rely Heavily On Plastic Components For Appliances Such As Smart Refrigerators And Washing Machines.
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LG Chem
DuPont
BASF
Changchun
Lanxess
Formosa
CHIMEI
CNPC
Lotte Chemical
INEOS Styrolution
Toray
SABIC
JSR
QuanZhou Grand Pacific Chemical
Trinseo
Polyplastics
Mitsubishi Engineering-Plastics Corporation
Celanese
KOLON
KEP
Shinkong
DSM
Indorama Ventures
Alpek
Sanfangxiang Group
Sinopec Yizheng Chemical Fibre
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastics for Household Appliances Market
Large Appliances
Small Appliances
Personal Care Appliances
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polycarbonate (PC)
Polyethylene (PE)
Acrylonitrile Butadiene Styrene (ABS)
Housing Components
Interior Parts
Exterior Parts
Insulation Components
Residential
Commercial
Structural
Thermal Insulation
Electrical Insulation
Aesthetic Design
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastics for Household Appliances Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastics for Household Appliances Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastics for Household Appliances Market, By Type
6. Global Plastics for Household Appliances Market, By Application
7. Global Plastics for Household Appliances Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Plastics for Household Appliances Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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