Thursday, 11 June 2020

US Telemedicine Market Share and Demand-Analysis of Key Players- Research Forecasts to 2026

The global U.S. Telemedicine Market size is expected to reach USD 17.14 Billion by 2026 according to a new study by Polaris Market Research. The report “U.S. Telemedicine Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software & Services); By Application (Teleradiology, Telepsychiatry, Telestroke, Tele-ICU, Teledermatology, Teleconsultation); Mode of Delivery (Mobile Health Apps, Virtual, Telemedicine Portals & kiosks, Others); By End User; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. Telemedicine Market is projected to witness a significant growth over the forecast period. Rising need to maintain social distance due to corona pandemic, focus on expanding healthcare facilities and give easy access to the public, overall of shortage of physicians, advancement in telecommunication technologies, and growing government support are some of the factors benefitting the U.S. Telemedicine medicine market. High utility of Telemedicine in treating diseases and conditions especially in rural areas is benefitting the market growth in the country.

U.S. is characterized by strong support and initiatives taken by government to boost Telemedicine market. In the recent past, the U.S. government took concrete steps by boosting Telemedicine sector to overcome medical challenges and emergencies faced by the country. The American Telemedicine Association (ATA), during the opioid epidemic, took concentrated efforts to boost Telemedicine usage in the country. These moves were aimed at fully utilizing the advantages of Telemedicine to give wider healthcare accessibility.



Large companies are collaborating with cloud service providers to gain enhanced Telemedicine capabilities and to increase their market shares. They are providing services such as assessment and monitoring, education, preventive measures, diagnosis, among others. These are done by combining various elements such as digital imaging, telecommunications, video-conferencing, etc. Advancements in each of these aspects is particularly benefitting the U.S. Telemedicine medicine market.

The rapid adoption of cloud in the overall Telemedicine market in the U.S. has resulted in successfully offsetting up of difficulties related to travel, physical storage of files, access issues and need of patient & doctor to be in the same place. Recent developments in privacy and security and high awareness pertaining to it among the U.S. population have resulted in the development of encryption techniques that allow more secure data, adoption of authentication measures at each step and access of data without violating patient privacy. All these factors are benefitting the Telemedicine market in the country.

Healthcare innovation and rising prominence of virtualization are some of the key industry trends. Market participants are concentrating on strengthening their overall service lines and are also facilitating the provision of customized solutions to their patients through the use of technology. Protected health information security, cost and operational efficiency, on -demand, easy access whenever and wherever patients demand, are some of the critical success factors observed in the U.S. market. The market is bound to grow as more and more healthcare service operators are turning to Telemedicine to manage the influx of patients into their facilities.

Some of the leading players in the U.S. Telemedicine market include Koninklijke Philips, Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers AG, Cisco Systems, Asahi Kasei Corporation, Iron Bow Technologies, American Well, Teladoc Health, Medvivo Group, AMC Health, Chiron Health, Zipnosis, VSEE, IMEDIPLUS, MEDWEB, U.S.MED. among others

Do you have questions or special requirements? Ask our industry experts : https://www.polarismarketresearch.com/industry-analysis/us-telemedicine-market/speak-to-analyst

Polaris Market research has segmented the U.S. Telemedicine Market report on the basis of component, application, mode of delivery, end-use, and mode of prescription
U.S. Telemedicine Component Outlook (Revenue, USD Million, 2015 – 2026)
  • Hardware
    • Telemedicine Carts
    • Kiosks
    • Digital Cameras
    • Telemedicine Kits
    • Mobile Medical Devices
    • Other Devices
  • Software & Services
    • Remote Patient Monitoring Software & Services
    • Real-Time Interaction Software & Services
    • Store-And-Forward Software & Services
U.S. Telemedicine Application Outlook (Revenue, USD Million, 2015 – 2026)
  • Teleradiology
  • Telepsychiatry
  • Telestroke
  • Tele-ICU
  • Teledermatology
  • Teleconsultation
  • Other Applications
U.S. Telemedicine Mode of Delivery Outlook (Revenue, USD Million, 2015 – 2026)
  • Mobile Health Apps
  • Virtual
  • Telemedicine Portals & kiosks
  • Others
U.S. Telemedicine End User Outlook (Revenue, USD Million, 2015 – 2026)
  • Providers
  • Payers
  • Patients
  • Others


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Vitamin K2 Market Factors Helping to Maintain Strong Position Globally 2020-2026

The report “Vitamin K2 Market Share, Size, Trends, Industry Analysis Report By Product (MK-4, and MK-7), By Application (Pharmaceuticals, Nutraceuticals & Food, Others); By Source (Natural, Synthetic, Others); By Regions, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global Vitamin K2 market size is expected to reach USD 290.3 million by 2026 according to a new study by Polaris Market Research.
The alarming cases of vitamin deficiency in humans are anticipated to be a primary trigger for demand in the global market. A study conducted by the Food & Agriculture Organization of United Nations (FAO) in the year 2018 revealed that vitamin K deficiency bleeding (VKDB) in infants has emerged to be a major concern for infant mortality. Such incidences are anticipated to be the primary demand generators over the forecast period.

Osteoporosis is another major ailment which constraints growth of new tissues in the human body. More than 38 million people globally suffered of osteoporosis between 2017-18, as per Osteoporosis Foundation statistics. Hence, compensation of calcium deficiency in the human body is expected to be the main area of vitamin K2 consumption. Multifunctional ingredients ensure extended shelf life of foods, and significantly improve the texture and taste of the end-products, hence these ingredients have become a rage in the pharmaceutical industry. The ageing as well as geriatric population creates a bigger room for manufacturers in terms of product innovation.



As far as the production/derivation methods of vitamin K2 are concerned, natural source accounts for a higher share in the market followed by synthetic means. Production method of the ingredient is a crucial concern particularly in the pharmaceutical industry, as manufacturers have to keenly assess the drug testing criteria put forth by governing authorities. The pharmaceuticals and food application segment is expected to consume the highest amount of vitamin K2 as a result of changing lifestyles, health awareness, and rising disposable income of people. Powders and oils are the primary forms through which vitamin K2 would be integrated in foods.

As of 2019, North America holds the largest market share followed by Europe and Asia Pacific. A drastic increase in the consumption of functional foods by the citizens of Australia, China, and India are likely to speed up the demand of vitamin K2 in Asia Pacific over the next five years. Middle East and Africa is likely to pose a moderate demand for vitamin K2 because of the already existing health and wellness campaigns deployed by the government.

Do you have questions or special requirements? Ask our industry experts : https://www.polarismarketresearch.com/industry-analysis/vitamin-k2-market/speak-to-analyst

Mergers & acquisitions (M&A), collaborations, partnerships, capacity expansion plans, heavy amount of research & development, and signing long term distribution contracts with local sales giants are the key strategies adhered by market participants to maintain and strengthen their position in the global landscape.

The key players in the market include Danisco A/S (DuPont Health and Nutrition), Kappa Bioscience, DSM, BASF, Gnosis SpA, Frutarom, NattoPharma, Seebio Biotech, and Geneferm Biotechnology Co. Ltd. among others. Direct selling proves to be a cost-effective channel for SMEs to gain customer trust.

Polaris Market research has segmented the vitamin K2 market report on the basis of product, application, source and region

Vitamin K2 Product Outlook (Revenue, USD Million, 2015 – 2026)
  • MK-4
  • MK-7
  • Others
Vitamin K2 Application Outlook (Revenue, USD Million, 2015 – 2026)
  • Pharmaceutical
  • Nutraceuticals & Food
  • Others
Vitamin K2 Source Outlook (Revenue, USD Million, 2015 – 2026)
  • Natural
  • Synthetic


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Fitness App Market Global Demand, Industry Growth,In-depth Analysis and Opportunities till 2026

The Global fitness app market size is anticipated to reach over USD 15.96 billion by 2026, according to a new study published by Polaris Market Research. In 2019, the fitness and activity tracking segment dominated the market, in terms of revenue. North America is expected to be the leading contributor to the global fitness app industry during the forecast period.

A significant increase in the obese population, changing lifestyles, and increasing health concerns primarily drive the market growth.  Other driving factors include increasing occurrence of diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the market growth. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of fitness app industry. Increasing demand in developing nations, increasing penetration of mobile devices, and availability of high-speed internet services is expected provide numerous growth opportunities to the fitness app industry players during the forecast period.


A few major fitness apps available in the market include Runtastic Results, Calorie Counter & Diet Tracker, and Sweat, Kayla Itsines Fitness among others. Runtastic Results: Workout & Strength Training is offered by the Austrian company Runtastic. As part of the primary marketing strategy in fitness app industry, the company offers a wide range of portfolio with 20 different mobile apps running on all platforms. Runtastic was bought by Adidas in 2015 to increase its market share in the global fitness market industry. Sweat: Kayla Itsines Fitness is an app offered by The Bikini Body Training Company. This app provides nutrition recommendations and a series of aerobic exercises in the Bikini Body Guide (BBG) to practice at home.

In regards with the global fitness app market share, North America was in the forefront followed by Asia Pacific and Europe. The increasing population in the region coupled with high disposable income drives the market growth. The sedentary lifestyle of consumers in the region has encouraged them to adopt fitness apps to stay healthy and acquire proper nutrition. Asia-Pacific is expected to grow at the highest rate during the forecast period. Increasing disposable incomes in developing countries of this region, rising awareness and increasing health consciousness, growing presence of fitness centres, and growing penetration of smartphones further foster the growth of the fitness app industry in this region.

Do you have questions or special requirements? Ask our industry experts : https://www.polarismarketresearch.com/industry-analysis/fitness-app-market/speak-to-analyst


The key companies profiled in the report fitness app market analysis includes MyFitnessPal Inc., Dom and Tom Tom, Motorola Mobility LLC, Grandapps, Fitbit, Azumio, WillowTree, Inc., ASICS, Under Armour, and Appster among others. These companies launch new products and collaborate with other market leaders bringing innovation to meet the increasing demand of consumers.

Polaris Market Research has segmented the global fitness app market on the basis of type, platform, deployment, gender, and region:

 Fitness App Type Outlook (Revenue, USD Billion, 2015 – 2026) 
  • Workout & Exercise Apps
  • Disease Management
  • Lifestyle Management
  • Nutrition & Diet
  • Medication Adherence
Fitness App Platform Outlook (Revenue, USD Billion, 2015 – 2026)
  • Smartphones
  • Tablets
  • Wearable Devices
Fitness App Deployment Outlook (Revenue, USD Billion, 2015 – 2026)
  • Android
  • iOS
  • Windows
  • Others


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Sunglasses Market In Depth Industry Analysis on Trends, Growth, Opportunities and Forecast till 2026

The global Sunglasses market size is expected to reach USD 27.72 billion by 2026 according to a new study by Polaris Market Research. The report “Sunglasses Market Share, Size, Trends, Industry Analysis Report By Product (Polarized, Non-Polarized), By Material (CR-39, Polycarbonate, Polyurethane, Others), By Channel (Online, Offline), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Demand for sunglasses has led to the need for reduced dependency on spectacles and uptake of contact lenses. Therefore, growing awareness among the general population regarding the importance of protecting the eyes is the key driving force for the market. Sunglasses exhibit the highest growth rate, which is a direct result of burgeoning prices, especially in the high-end segment of the market. The expected increase in the demand of sunglasses for health, lifestyle, and cosmetic purposes is also expected to drive the market.

Companies such as Luxottica Group S.p.A., Prada SPA, Safilo Group S.p.A, Fielmann AG, De Rigo SpA, Kering SA, Capri Holdings, LVMH, Marcolin S.p.A, and Maui Jim are some of the key players operating in the market.


The average selling price of sunglasses is expected to be highest in the Europe, which is expected to drive the revenue in this market. Due to the dominant presence of major players of the market in Europe, there exists higher brand awareness and thus higher demand for the high-end sunglasses sector. This can be attributed to increasing awareness regarding eye healthcare and a trendsetting consumer base backed by abundant disposable incomes.
  
Increasing purchasing power backed by rising disposable incomes among the consumers across various regional markets is expected to drive the demand for sunglasses across the global market. Growing income level and households in the middle class have led to increased aggregate disposable income in developing regions.

Additionally, the proliferation of the internet and online retailing services is expected to positively impact the market. The Japanese market is characterized by growing demand for online purchase of sunglasses. However, growth in internet retailing has resulted in low product prices and thus has adversely affected the revenue streams. Growing purchase volumes of sunglasses are expected to curb the impact of this trend over the next seven years. High scope for penetration in this sector is expected to be an opportunity for industry participants.

Do you have questions or special requirements? Ask our industry experts: https://www.polarismarketresearch.com/industry-analysis/sunglasses-market/speak-to-analyst

Independent retailers and stores are businesses under private ownerships. These are usually single-store operations and offer both high risks and high rewards for the store owner. Major sunglasses vendors and brands give away franchising rights to individuals or enterprises willing to open up independent stores for a specific brand, retailer, or vendor for a certain royalty or franchise fee to be given to the sunglasses manufacturer.

Manufacturers have also made available prescription eyewear and sunglasses across several regions to grow their customer base. However, there lies a strong belief among consumers that sunglasses sold at certain drugstores are not customized and not in accordance with the prescription, due to which they do not focus the images but rather make them appear larger, thus costing significantly lesser.


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Myasthenia Gravis Disease Market Trends, Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges

The new report  Global Myasthenia Gravis Disease Market is estimated to reach USD 2,538.6 million by 2026 from USD 1,012.2 million in 2017. The market is anticipated to grow at a CAGR of 10.8% during the forecast period.
Myasthenia gravis disease is a neuromuscular ailment that causes the weakness of skeletal muscles, that are used for body movement. MG Disease is generally caused by an autoimmune disease when communication between muscles and nerve cells becomes impaired. According to the Myasthenia Gravis Foundation of America, MG is relatively rare condition that affects approximately 14 to 20 out of every 100,000 people in the United States. Moreover, according to the National Institutes of Health (NIH), MG typically occurs in people over the age of 40 where Women are more likely to be diagnosed as younger adults. There is no exact cure for the MG disease. However, through appropriate diagnosis and medication treatment, the disease can be controlled over the time. The symptoms of the MG disease include facial paralysis, difficulty breathing due to muscle weakness, difficulty swallowing or chewing, drooping of eyelids, and trouble in walking.
The global Myasthenia Gravis Disease market is majorly driven by the factor such as high incidences of neuromuscular disorders. Moreover, increasing number of clinical facilities across the region and rising consciousness about the treatment are other factors driving the market growth. However, the unfamiliarity with early symptoms as well as signs and high cost associated with the treatment are factors hampering the market growth.
Segment Analysis:
  • Myasthenia Gravis Disease Market By Disease Type (Imaging (X-ray, Computed Tomography, Magnetic Resonance Imaging) Blood Tests, Electrodiagnostic, and Edrophonium Test);
  • Myasthenia Gravis Disease Market By Treatment (Medication, Surgery, HSCT);
  • Myasthenia Gravis Disease Market By End-User (Hospitals, Clinics, Academic Research Institutes) ;
  • Myasthenia Gravis Disease Market By Region North America [U.S., Canada], Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe], Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific], Latin America [ Brazil, Mexico, Argentina, Rest of Latin America], Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
  •  
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Myasthenia Gravis Disease Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. In 2017, North America Myasthenia Gravis Disease Market was estimated to dominate the market growth due to high occurrence of disease such in North America.
Competitive Landscape and Key Vendors
The leading companies profiled in the Myasthenia Gravis Disease Market report include Alexion Pharmaceutical Inc., Avadel Pharmaceuticals plc, CSL Behring, Grifols S.A., Baxter International Inc., Shire plc, Novartis AG, F. Hoffmann-La Roche AG, Takeda Pharmaceutical Company Limited, and Valeant Pharmaceuticals International Inc.
Geographically, North America accounted for the largest share in the global Myasthenia Gravis Disease Market in 2017. The major factors accounted for the high market growth includes high occurrence of disease such in North America. Moreover, Asia Pacific is estimated to generate the lucrative market growth during the forecast period. Growing initiatives by government and private organizations for generating novel control treatment are factors estimated to propel the myasthenia gravis disease market growth in Asia Pacific. In addition, increasing awareness about neuromuscular disorders and vast improvement are boosting the market growth in APAC.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Wednesday, 10 June 2020

Ethylene Market Size Worth USD 186.5 billion by 2026

The global Ethylene Market size is expected to reach USD 186.5 billion by 2026 according to a new study by Polaris Market Research. The report “Ethylene Market Share, Size, Trends, Industry Analysis Report By Feedstock (Naphtha, Ethane, Propane, Butane); By Application (Polyethylene, Ethylene Oxide, Ethyl Benzene, Ethylene Dichloride); By End-Use (Building & Construction, Automotive, Packaging, Textiles, Agriculture & Agrochemicals); By Region, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Ethylene demand has witnessed robust growth in the recent past and this trend is expected to continue from 2019 to 2026. growth of hospitality construction is expected to benefit the demand for ethylene derived products over the forecast period. However, the ongoing projects and their completion dates are likely to extend due to the recent Corona Pandemic. In the recent past, in order to help the hospitality sector bounce back to normalcy, governments across the globe had intervened in the past and it is expected that they will do the same to help recover the industry post pandemic.



Global ethylene operating rates remained stable during the year 2017 and 2018 and decreased slightly in 2019. This was mostly due to the limited capacity additions as compared to the demand. Project delays, cancellations in post pandemic world order is bound to be a reality which is likely to influence the feed availability, and further tightening of supply.

The rate of proposed capacity additions is much higher than the anticipated demand. This is likely to result in decrease of the operating rates and a possibility where the market is flooded with the product. Therefore, as compared to historical operating rates, the estimated operating rates of ethylene plants is bound to be considerably lower.

There has been witnessed somewhat dilution of the relation between the market growth linked to the GDP elasticity in the past few years. The relationship has become less straightforward due to the increasing influence of sectors such as service and technology on the GDP as compared to manufacturing. Strong focus on issues such as sustainability and recycling has also affected demand for ethylene for producing various plastic products.



Derivatives demand growth slowed due to the ongoing tensions between two major economies of the globe, namely the U.S. and China. Furthermore, the huge impact of the recent pandemic on the economies of countries across the globe will also contribute to further lower the demand for derivatives.  The feedstock prices witnessed huge volatility in 2019 due to a host of reasons such as sanctions on Iran, attack on Saudi Arabia’s oil complexes, International Maritime Organization (IMO) fuel regulation set to be implemented in 2020, among others.

There had been rising preference for MTO and CTO technologies for ethylene production in the past as Naphtha and Ethane prices were considerably high. However, declining oil prices combined with decreasing feedstock prices has prompted manufacturers to move away from these technologies. Environmental scrutiny of these technologies combined with their low effectiveness were also the reasons for this shift.

Companies such as ExxonMobil Corporation., Dow Dupont, Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), Total S.A., AkzoNobel, China Petroleum & Chemical Corporation, Huntsman Corporation., LyondellBasell Industries., Clariant are some of the key players operating in the market.



Polaris Market research has segmented the Ethylene Market report on the basis of feedstock, application, end-use and region
Ethylene Feedstock Outlook (Volume, Million Metric Ton, Revenue, USD Billion, 2015 – 2026)
  • Naphtha
  • Ethane
  • Propane
  • Butane
  • Others
Ethylene Application Outlook (Volume, Million Metric Ton, Revenue, USD Billion, 2015 – 2026)
  • Polyethylene
  • Ethylene Oxide
  • Ethyl Benzene
  • Ethylene Dichloride
  • Others
Ethylene End-Use Outlook (Volume, Million Metric Ton, Revenue, USD Billion, 2015 – 2026)
  • Building & Construction
  • Automotive
  • Packaging
  • Textiles
  • Agriculture & Agrochemicals
  • Others
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Epoxy Resin Market Regions, Type And Application, Industry Analysis And Forecast Till 2026

According to a new study Published Report “The global Epoxy Resin Market size is expected to reach USD 11.28 billion by 2026 according to a new study by Polaris Market Research. The report “Epoxy Resin Market Share, Size, Trends, Industry Analysis Report By Raw Material (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, Hardener); By Application (Paints & Coatings, Wind Turbine, Composites, Construction, Electrical & Electronics, Adhesives, and Others); By Regions, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. 

Epoxy resins are significant raw materials to various end-use chemical compounds where each significant molecule is attributed a unique opportunity to convert to a useful thermosetting product. The major end-user industries for epoxy resins include electronics and paints and coatings followed by adhesives, composites, wind turbines and others.


Epoxy resins find extensive use in powder coatings applied to automotive and appliances parts, in solvent-dipped coatings applied to substrates in corrosive environment and water-based coatings as electrodepositing primers in automobiles.

Epoxy resins possess favorable properties such as high thermal stability, mechanical strength, resistivity, adhesion, electrical, mechanical and heat resistance that makes it ideal choice for use in laminates, jewelry and insulators.

Epoxy coatings are widely known for their use in manufacture of Printed Circuit Boards (PCB’s). The rapid conglomeration and urbanization of the world has led to development of the electronics industry with manufacture and design of such electronic products leading to growth of epoxy resins.
Furthermore, expansion in construction industry and complete makeover of older structures to newer structures with feature-rich coatings gaining attraction, epoxy resin has successfully revamped the paints and coatings industry.

Technological advancements in this market has been a vital factor with bio based type making use of natural sources. Restraints to epoxy resin market include constantly changing market price of raw materials, threat of substitutes and adverse health signs related to epoxy resins such as Bisphenol A (BPA).

Asia pacific market is likely to grow at a fast clip with China having been witness to rapid splurge of paints and coatings and hence the largest coatings production country in the world. Furthermore China has added facilities in the past decade essaying sharp growth.


For these reasons let out, and growth in ASEAN countries and India and China have made Asia Pacific a marked region.. North American markets are concerned over leaching and advocates lower leaches per level. Western Europe has high demand in epoxy coatings for its role in marine and maintenance coatings.

The key players in epoxy resins coating market include Dow DuPont, BASF SE, 3M, Huntsman Corporation, Aditya Birla Chemicals, and Sika AG. Huntsman Corporation, Aditya Birla Chemicals, Covestro and Hexion. Huntsman, Olin and Hexion are potentially strong western producers of epoxy resins with interest in North America and European Market.

Polaris Market Research has segmented the global epoxy resin market report on the basis of formulation type, application, and Region:

  • Formulation Type Outlook (Revenue USD Millions, 2015 – 2026)
    1. DGBEA
    2. DGBEF
    3. Novolac
    4. Aliphatic
    5. Glycidylamine
    6. Others
  • Application Outlook (Revenue USD Millions, 2015 – 2026)
    1. Paints and Coatings
    2. Adhesives
    3. Composites
    4. Electrical and Electronics
    5. Wind Turbines
    6. Others
  • Regional Outlook (Revenue USD Millions, 2015 – 2026)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. UK
    2. France
    3. Germany
  • Asia Pacific
    1. India
    2. China
    3. Japan
  • Latin America
    1. Mexico
    2. Brazil
  • MEA

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
Contact us
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
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Electronics & Consumer Goods Plastics Market to Witness Steady Expansion During 2020-2026

The Electronics & Consumer Goods Plastics market is anticipated to reach over USD 59.9 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the household appliances segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Electronic & Consumer Goods Plastics market revenue during the forecast period.

A significant increase in disposable income, changing lifestyles, and initiatives by market players to offer innovative products in the market drive the growth of Electronic & Consumer Goods Plastics market.  Other driving factors include growing middle class population, and increasing penetration of e-commerce platforms. Increasing demand from developing nations, and technological advancements is expected provide numerous growth opportunities to the market players during the forecast period. There has been a shift towards e-commerce and consumers are increasingly purchasing electronic & consumer goods through online platforms, which increases the demand for plastics.


Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for Electronic & Consumer Goods Plastics market. Factors such as increase in per capita income and changes in consumer behavior are expected to accelerate the adoption of Electronic & Consumer Goods Plastics in the coming years.

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global Electronic & Consumer Goods Plastics market throughout the forecast period. The increasing population in the region coupled with growing disposable income drives the market growth. The improving living standards in countries such as China, Japan, and India further supports market growth.


The major players in Electronic & Consumer Goods Plastics market include BASF SE, The Dow Chemical Company, Celanese Corporation, Trinseo S.A., Formosa Plastics Group, Covestro AG, E. I. du Pont de Nemours and Company, Chevron Phillips Chemical, Mitsubishi Chemical Holdings Corporation, and Solvay S.A among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


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