Global Plastic Enclosures Market Expected to Reach USD 2,714 Million by 2027

According to a recent market study published by Growth Market Reports, titled, “Global Plastic Enclosures Market by Types, Materials, Verticals, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 2,003 Million in 2019 and is expected to grow at a healthy growth rate of 4.9% by the year 2027. The global plastic enclosures market is anticipated to grow owing to increasing industrial investments across several developing countries which is leading to requirement for various electrical and control devices. This is ultimately resulting in the surge in demand for plastic enclosures globally.

The global plastic enclosures market is fragmented based on types, materials, verticals, and region. In terms of type, the market is segmented into hand-held enclosures, free standing enclosures, wall-mount enclosures, and desk-top enclosures. On the basis of materials, the market is divided into ABS, acrylic, polystyrene, foamed/expanded PVC, polycarbonate, polyamide, and others. In terms of verticals, the market is classified as power generation & distribution, oil & gas, metals & mining, medical, pulp & paper, food & beverage, automotive & transportation, and others.

Based on region, the global plastic enclosures market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into Germany, France, Italy, U.K., Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, Rest of Middle East & Africa (MEA).

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In year 2020, the global plastic enclosures market is expected to show a decline in 2020 due to COVID-19 pandemic. The outbreak led to lockdown of countries and halt for activities which deemed as non-essential activities. Additionally, the pandemic had a substantial impact on the global manufacturing industry and hence negatively affecting the production of plastic enclosures during the lockdown. However, the termination of lockdown helped in the beginning of streamlining of production process for plastic enclosures.

As per Growth Market Reports' industry analyst Akshay Udavant, “The Global Plastic Enclosures Market is anticipated to witness significant growth during forecast period 2020-2027 driven by investments for robotics & automation in several industries. Moreover, companies are now focusing towards establishing industrial IoT devices within the organization in order to boost productivity while decreasing additional costs. This has surged the requirement for electrical component protection and hence increasing the demand for plastic enclosures.”

Key Takeaways from the Study

• The polycarbonate segment is anticipated to expand at a substantial CAGR % during the forecast period due to high resistance to temperature and corrosion provided by the material to the enclosures.
• In terms of value, the power generation & distribution segment is anticipated to expand at a significant CAGR during the forecast period. The substantial rise in global consumption of electricity has forced the companies in the power generation & distribution sector to maintain a continuous flow of electricity which is expected to influence the demand for plastic enclosures for the protection of key electrical components of the companies.
• Asia pacific accounts for a major share of the market, followed by Middle East and Africa. The market in Asia Pacific is projected to expand at significant CAGR during the forecast period owing to major infrastructural developments in the region.

Report Scope

Target Audience

• Supply-side: plastic manufacturers, composite material suppliers, primary respondents, and distributors.
• Demand Side: Power generation & distribution companies, oil & gas companies, automotive & transportation companies, companies manufacturing medical devices, etc.
• Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
• Associations and Industry Bodies: National Electrical Manufacturers Association (NEMA), International Protection (IP) Standards, Environmental Protection Agency (EPA), International Organization for Standardization (ISO), Organization of Plastics Processors of India, Ministry of Health, Labor and Welfare, World Trade Organization (WTO), Occupational, Safety and Health Administration (OSHA), American National Standards Institute (ANSI), and Indian Centre for Plastics in the Environment.