Global Electric Vehicle Plastics Market, By Resin (Polypropylene (PP), Polyamide (PA), Polycarbonate (PC), Polyethylene (PE), Polyurethane (PU), Polyvinyl Chloride (PVC) Polyvinyl Butyral (PVB), Polybutylene Terephthalate (PBT), Acrylonitrile Butadiene Styrene (ABS)a, Polyethylene Terephthalate (PET), Others, By Application (Interior, Exterior, Powertrain System/Under Bonnet, Lighting & Electric Wiring), By Components (Steering & Dashboards, Car Upholstery, Bumper, Door Assembly, Exterior Trim, Interior Trim, Connector and Cables, Battery, Lighting, El, By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).ectric Wiring, Others), By Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)/ Plug-in Hybrid Vehicle (PHEV)), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
Global electric vehicle plastics market is expected to reach US$ 22.49 Billion by 2031, from US$ 4.09 Billion in 2024, at a CAGR of 27.6% during the forecast period.
Figure 1. Global Electric Vehicle Plastics Market Share (%), By Region, 2024
The growth of the electric vehicle plastics market has significantly boosted demand for plastics used in electric vehicles. Plastics play a pivotal role in electric vehicles as these are lightweight and helps in reducing the overall weight of the vehicle. These are used across various parts of the vehicle including the battery casing, dashboards, door panels, bumpers, and more. The auto component industry is witnessing significant transformations with the development of electric powertrains, and the use of plastics for various applications plays a key role in this regard. Plastics are widely used in electric vehicles as compared to conventional vehicles due to their lightweight properties, durability and ability to withstand harsh operating conditions. From battery enclosures and power electronics to dashboards, interior trims and exterior body parts, plastics are optimally utilized to improve vehicle performance while keeping costs in check. The lightweight properties of plastics contribute to less energy consumption, thereby, complementing the objectives of electric vehicles of being sustainable modes of transportation. With stringent emission norms and growing consumer inclination toward environmental protection, the electric vehicle plastics market is expected to witness substantial growth in the near future.
Market Dynamics:
Global electric vehicle plastics market growth is driven by various factors such as rising demand for lightweight materials to increase battery range, stringent emission regulations promoting electric vehicle adoption, and growing investments by automakers in electric vehicle production. However, high raw material and production costs can hamper the market growth. Opportunities for market growth include development of advanced plastic materials for specific electric vehicle applications and collaboration between plastic manufacturers and automakers to diversify electric vehicle components made from plastics.
Key features of the study:
- This report provides in-depth analysis of the global electric vehicle plastics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global electric vehicle plastics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include LANXESS, INEOS Group, Celanese Corp., AGC Chemicals, EMS-Chemie Holding, Mitsubishi Engineering Plastics Corp., BASF SE, SABIC, LyondellBasell Industries Holdings B.V., Evonik Industries, Covestro AG, Dupont, Sumitomo Chemicals Co. Ltd., LG Chem, and Asahi Kasei
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global electric vehicle plastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric vehicle plastics market
- By 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
- By Application
- Interior
- Exterior
- Powertrain System/Under Bonnet
- Lighting & Electric Wiring
- By Components
- Steering & Dashboards
- Car Upholstery
- Bumper
- Door Assembly
- Exterior Trim
- Interior Trim
- Connector and Cables
- Battery
- Lighting
- Electric Wiring
- Others
- By Vehicle Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)/ Plug-in Hybrid Vehicle (PHEV)
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Major Players in the market:
- LANXESS
- INEOS Group
- Celanese Corp.
- AGC Chemicals
- EMS-Chemie Holding
- Mitsubishi Engineering Plastics Corp.
- BASF SE
- SABIC
- LyondellBasell Industries Holdings B.V.
- Evonik Industries
- Covestro AG
- Dupont
- Sumitomo Chemicals Co. Ltd.
- LG Chem
- Asahi Kasei.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Electric Vehicle Plastics Market, By Resin
- Electric Vehicle Plastics Market, By Application
- Electric Vehicle Plastics Market, By Components
- Electric Vehicle Plastics Market, By Vehicle Type
- Electric Vehicle Plastics Market, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Rising Demand for Lighter Vehicles
- Improving Battery Performance and Longevity
- Restraints
- Availability of substitutes
- Volatility in raw material prices
- Opportunities
- Development of lightweight and reinforced plastics
- Growing demand for electric vehicles in emerging economies
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Mergers, Acquisitions, and Collaborations
- 4. Global Electric Vehicle Plastics Market- Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Electric Vehicle Plastics Market, By Resin, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polypropylene (PP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polyamide (PA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polycarbonate (PC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polyethylene (PE)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polyurethane (PU)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polyvinyl Chloride (PVC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polyvinyl Butyral (PVB)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polybutylene Terephthalate (PBT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Acrylonitrile Butadiene Styrene (ABS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Polyethylene Terephthalate (PET)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- 6. Global Electric Vehicle Plastics Market, By Application, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Interior
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Exterior
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Powertrain System/Under Bonnet
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Lighting & Electric Wiring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- 7. Global Electric Vehicle Plastics Market, By Components, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Steering & Dashboards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Car Upholstery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Bumper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Door Assembly
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Exterior Trim
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Interior Trim
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Connector and Cables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Lighting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Billion)
- Electric Wiring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- 8. Global Electric Vehicle Plastics Market, By Vehicle Type, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Battery Electric Vehicle (BEV)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- Hybrid Electric Vehicle (HEV)/ Plug-in Hybrid Vehicle (PHEV)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Billion)
- 9. Global Electric Vehicle Plastics Market, By Region, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, By Country, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Resin, 2019-2031, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2019-2031,( US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031, (US$ Billion)
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
- 10. Competitive Landscape
- Company Profiles
- LANXESS
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- INEOS Group
- Celanese Corp
- AGC Chemicals
- EMS-Chemie Holding
- Mitsubishi Engineering Plastics Corp
- BASF SE
- SABIC
- LyondellBasell Industries Holdings B.V.
- Evonik Industries
- Covestro AG
- Dupont
- Sumitomo Chemicals Co. Ltd.
- LG Chem
- Asahi Kasei.
- Analyst Views
- 11. Section
- References
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Global Electric Vehicle Plastics Market” - Global forecast to 2031.
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