Global Electric Vehicle Plastics Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: June 7, 2021 |

The global electric vehicle plastics market size is anticipated to register a significant CAGR of 35.8% during the forecast period 2021 to 2027 and estimated to reach around USD 5 billion by 2027. The increasing manufacturer focus to manufacture lightweight electric vehicles for more efficiency is a primary factor to drive the market growth. The growing demand for polypropylene due to its high flexibility, lightweight, and strength is further expected to boost the market.

Moreover, the increasing demand for electric vehicles in developed and developing economies is projected to propel the market over the forecast period. However, stringent government regulation and plastic recycling are some factors to restrain the market growth.

Market Segment Insights:

The global electric vehicle plastic market is bifurcated into material, vehicle type, and geography. On the basis of material, the market is further fragmented into polypropylene, polyurethane, acrylonitrile butadiene styrene, polyvinyl chloride, and other materials. The polypropylene segment is accounted to hold the largest revenue share in 2020 and expected to grow at the same trend over the forecast period. High flexibility, lightweight, and high strength are some features are responsible to drive the segment growth by material.

By vehicle type, the market is segmented into hybrid electric, plug-in hybrid electric, and battery electric vehicles. The battery-electric vehicle segment dominated the global electric vehicle plastic market in 2020 and expected to maintain its dominance over the forecast period. The increasing sale of battery electric vehicles in emerging economies is a major factor that has contributed the market growth.

Electric Vehicle Plastics Market Size & Growth

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The electric vehicle plastics comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The electric vehicle plastics market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Electric Vehicle Plastics Market Segmentation:

By Material:

  • Polypropylene (PP)
  • Polyurethane (PU)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyvinyl chloride (PVC)
  • Polyethylene (PE)
  • Polystyrene (PS)
  • polycarbonate (PC)
  • Polyamide (PA)
  • Polymethyl methacrylate (PMMA)
  • Others

By Vehicle Type:

  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs)

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the Asia Pacific dominated the global electric vehicle plastic market in 2020 and expected to grow at significant CAGR during the forecast period. The Asia Pacific is accounted to hold the largest market share around one-third percent of the market in 2020 by revenue. The increasing demand for EVs and the presence of some major players have contributed the market growth in the region. The rising prices of gasoline and the growing purchasing power of consumers have increased the demand for EVs, which is further expected to drive market growth in the Asia Pacific.

Market Competition Assessment:

Some of the major players operating in the global electric vehicle plastics market are BASF SE, Evonik Industries AG, INEOS AG, Formosa Plastics Corporation, and LyondellBasell Industries Holdings B.V. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • BASF SE
  • Evonik Industries AG
  • INEOS AG
  • Formosa Plastics Corporation
  • LyondellBasell Industries Holdings B.V.
  • I. du Pont de Nemours and Company
  • Sumitomo Chemical Co. Ltd.
  • The Dow Chemical Company
  • Mitsui Chemicals Inc.
  • Air Liquide S.A.

Key Questions Answered by Electric Vehicle Plastics Market Report:

  • Global electric vehicle plastics market forecasts from 2021-2027
  • Regional electric vehicle plastics market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Electric vehicle plastics submarket forecasts from 2021-2027 covering the market by material, by vehicle type, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to electric vehicle plastics market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level electric vehicle plastics markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the electric vehicle plastics market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Electric Vehicle Plastics Market Portraiture
2.2. Global Electric Vehicle Plastics Market, by Material, 2020 (USD Mn)
2.3. Global Electric Vehicle Plastics Market, by Vehicle Type, 2020 (USD Mn)
2.4. Global Electric Vehicle Plastics Market, by Geography, 2020 (USD Mn)

 

3. Global Electric Vehicle Plastics Market Analysis


3.1. Electric Vehicle Plastics Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Electric Vehicle Plastics Market By Material, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Polypropylene (PP)
4.3. Polyurethane (PU)
4.4. Acrylonitrile Butadiene Styrene (ABS)
4.5. Polyvinyl chloride (PVC)
4.6. Polyethylene (PE)
4.7. Polystyrene (PS)
4.8. polycarbonate (PC)
4.9. Polyamide (PA)
4.10. Polymethyl methacrylate (PMMA)
4.11. Others

 

5. Global Electric Vehicle Plastics Market By Vehicle Type, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Hybrid Electric Vehicles (HEVs)
5.3. Plug-In Hybrid Electric Vehicles (PHEVs)
5.4. Battery Electric Vehicles (BEVs)

 

6. North America Electric Vehicle Plastics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
6.1.3. North America Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
6.1.4. North America Electric Vehicle Plastics Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
6.1.4.1.2. U.S. Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
6.1.4.2.2. Canada Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)

 

7. Europe Electric Vehicle Plastics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
7.1.3. Europe Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
7.1.4. Europe Electric Vehicle Plastics Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
7.1.4.1.2. Germany Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
7.1.4.2.2. U.K. Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
7.1.4.3.2. France Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
7.1.4.4.2. Italy Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)

 

8. Asia Pacific Electric Vehicle Plastics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
8.1.3. Asia Pacific Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
8.1.4. Asia Pacific Electric Vehicle Plastics Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
8.1.4.1.2. China Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
8.1.4.2.2. Japan Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)

 

9. Latin America (LATAM) Electric Vehicle Plastics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
9.1.3. Latin America Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
9.1.4. Latin America Electric Vehicle Plastics Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
9.1.4.1.2. Brazil Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
9.1.4.2.2. Mexico Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)

 

10. Middle East and Africa Electric Vehicle Plastics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
10.1.3. MEA Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
10.1.4. Middle East and Africa Electric Vehicle Plastics Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
10.1.4.1.2. GCC Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)
10.1.4.2. Rest of MEA
10.1.4.2.1. Rest of MEA Electric Vehicle Plastics Market by Material (2018-2027 USD Mn)
10.1.4.2.2. Rest of MEA Electric Vehicle Plastics Market by Vehicle Type (2018-2027 USD Mn)

 

11. Company Profiles


11.1. BASF SE
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Evonik Industries AG
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. INEOS AG
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Formosa Plastics Corporation
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. LyondellBasell Industries Holdings B.V.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. E.I. du Pont de Nemours and Company
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Sumitomo Chemical Co. Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. The Dow Chemical Company
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Mitsui Chemicals Inc.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Air Liquide S.A.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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