Global Electric Vehicle Plastics
Market Report
2024
The global electric vehicle plastics market will be USD 2.64 billion in 2024. This market will show the strongest growth, with a compound annual growth rate (CAGR) of 28.3% from 2024 to 2031. This growth is driven by plastics' lower manufacturing costs compared to metals.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global electric vehicle plastics market size will be USD 2.64 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 28.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Resin |
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Market Split by Application |
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Market Split by Component |
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Market Split by Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Electric Vehicle Plastics industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electric Vehicle Plastics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electric vehicle (EV) plastics refer to a diverse range of materials used to manufacture components and parts for electric vehicles. These materials include various types of polymers, composites, and other synthetic substances tailored to meet the unique demands of EV applications. As the global automotive industry moves toward sustainable mobility solutions, EV plastics play a crucial role in enhancing vehicle performance, efficiency, and sustainability. The market for EV plastics is experiencing rapid growth driven by the increasing production of electric vehicles worldwide. Key factors fueling this growth include the emphasis on lightweight materials to extend battery range, advancements in recyclable and eco-friendly plastics, and innovations in composite materials offering superior strength-to-weight ratios. Moreover, EV plastics contribute to reducing overall vehicle weight, improving smoothness, and enabling more efficient thermal management systems, thus supporting the broader conversion towards greener transportation solutions.
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In February 2024, Polyplastics announced that its DURANEX PBT had been selected for battery packs produced by Selex Motors, a Vietnamese electric motorcycle start-up. Battery covers, crucial for safety and maintaining battery pack integrity, also enhance the functionality and appeal of electric two-wheelers, significantly contributing to the success of the EV market. (Source:https://interplasinsights.com/plastics-materials/automotive-plastics-materials-news/polyplastics-and-selex%C2%A0join-forces-to%C2%A0advance-electric-two-w/)
Top Companies Market Share in Electric Vehicle Plastics Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America controlled the market in 2024 and accounted for around 40% of the global revenue. North America dominates the electric vehicle plastics market due to robust investments in EV manufacturing, stringent environmental regulations promoting lightweight materials, and technological advancements in composite materials suited for automotive applications.
Asia Pacific leads as the fastest-growing region in the electric vehicle plastics market, fueled by robust expansion in electric vehicle production and government initiatives promoting sustainable transportation solutions. The region's focus on technological innovation and increasing consumer demand for eco-friendly vehicles further accelerates market growth.
The current report Scope analyzes Electric Vehicle Plastics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Electric Vehicle Plastics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Vehicle Plastics Industry growth. Electric Vehicle Plastics market has been segmented with the help of its Resin, Application Component, and others. Electric Vehicle Plastics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Resin of Electric Vehicle Plastics analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Vehicle Plastics Industry. Request a Free Sample PDF!
According to cognitive market research, exterior applications hold a major share, driven by their critical roles in both aesthetics and functionality. Exterior components such as bumpers, body panels, and trim are increasingly made from lightweight and durable plastics. These materials help reduce vehicle weight, improve slickness, and enhance the overall efficiency and range of EVs. Additionally, advancements in weather-resistant and scratch-resistant plastics further bolster their suitability for exterior use, meeting stringent automotive industry standards for performance, safety, and sustainability in electric vehicles.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electric Vehicle Plastics market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electric Vehicle Plastics Market is witnessing significant growth in the near future.
In 2023, the Polypropylene (PP) segment accounted for noticeable share of global Electric Vehicle Plastics Market and is projected to experience significant growth in the near future.
The Interior segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE , LyondellBasell Industries Holdings B.V. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Resin | Polypropylene (PP), Polyamide (PA), Polycarbonate (PC), Polyethylene (PE), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyvinyl Butyral (PVB), Polybutylene Terephthalate (PBT), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate (PET), Others |
Application | Interior, Exterior, Powertrain System/ Under Bonnet, Lighting & Electric Wiring |
Component | Steering & Dashboards, Car Upholstery, Bumper, Door Assembly, Exterior Trim, Interior Trim, Connector and Cables, Battery, Lighting, Electric wiring, Others |
Type | Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)/Plug-in Hybrid Vehicle (PHEV) |
List of Competitors | BASF SE, SABIC, LyondellBasell Industries Holdings B.V., Evonik Industries, Covestro AG, Dupont, Sumitomo Chemicals Co. Ltd., LG Chem, Asahi Kasei, LANXESS, INEOS Group, Celanese Corp., AGC Chemicals, EMS-Chemie Holding, Mitsubishi Engineering Plastics Corp. |
This chapter will help you gain GLOBAL Market Analysis of Electric Vehicle Plastics. Further deep in this chapter, you will be able to review Global Electric Vehicle Plastics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Electric Vehicle Plastics Market Trends North America Electric Vehicle Plastics Technological Road Map North America Electric Vehicle Plastics Market Drivers North America Electric Vehicle Plastics Market Restraints North America Electric Vehicle Plastics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Resin Analysis 2019 -2031, will provide market size split by Resin. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Resin Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
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Chapter 13 Market Split by Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Vehicle Plastics market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Polypropylene (PP) have a significant impact on Electric Vehicle Plastics market? |
What are the key factors affecting the Polypropylene (PP) and Polyamide (PA) of Electric Vehicle Plastics Market? |
What is the CAGR/Growth Rate of Interior during the forecast period? |
By type, which segment accounted for largest share of the global Electric Vehicle Plastics Market? |
Which region is expected to dominate the global Electric Vehicle Plastics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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