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The electronics sector is one of the largest industrial sectors that gives a substantial contribution to global economic growth. The industry comprises a variety of products, among others, electrical household appliances, electronic medical equipment and microelectronic components. The global electronics industry was estimated to be valued at EUR4.5 trillion in 2019. China accounted for about 40% of the global market or valued at EUR 1 8 trillion. The USA is the second largest market with a 14% share, followed by Japan (6%) and South Korea (4%).
Globally, the electronics industry is expected to recover from its slump in 2020 due to Covid-19 growing by around 6% in 2021 year-on-year. Asian and American markets are predicted to experience the strongest growth. Asia's powerhouse, China, is expected to grow by 8% year-on-year in 2021, while the USA, at 7% year-on-year.
As a great insulator with high resistance against the flow of heat or electricity, rubber parts offers a wide range of applications within the electronics industry. This report, which examines the application and demand for rubber parts within the electronics industry in the USA, China, Japan and South Korea, aims to provide information on the applications of rubber parts in the said industry. It also identifies the major global producers of electronics goods with production bases in the target countries, who will be the potential buyers for Malaysian exporters of rubber parts.
Malaysian Rubber Council (MRC)
Publication Date:4 May 2021
Category: Market Reports
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