Plastics have wide applications in different sectors like automotive, electronic, medical and more. The total market for plastics can be divided into thermoplastics and thermosets. Both these types of plastics are used in different electronic components that are further used in devices. Electronic components make use of various plastics like polyamides, polystyrene, nylons, polyethylene, polyesters, polycarbonates, polyurethanes, polyketones, polyphthalamides (PPA), polysulfones, alloys, epoxy resins and more. Due to their insulation properties, plastics find applications in electrical and electronic components. Plastics are used in electrical components like ignition components, switches, bobbins, connectors, printed circuit boards and more. These electrical components are used in various sectors like telecommunications, computers, automobile and other key sectors. North America and Europe share the major market for plastics used in electronic components followed by Asia-Pacific. Also significant growth can be seen in the developing countries in all market segments.