Home / Automotive & Transportation / Electric Vehicle Plastics Market by Application (Interior Furnishings, Exterior Furnishings, Power Plant System, Transmission Systems, Others (Chassis, etc.)) by Material Type (Polypropylene (PP), Polyurethane (PU), ABS, PVC, Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC), Polyamide (PA), (PMMA), Others (Polyoxymethylene etc.)), by Vehicle Type (HEVs), PHEVs, Battery Electric Vehicles (BEVs)): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Electric Vehicle Plastics Market by Application (Interior Furnishings, Exterior Furnishings, Power Plant System, Transmission Systems, Others (Chassis, etc.)) by Material Type (Polypropylene (PP), Polyurethane (PU), ABS, PVC, Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC), Polyamide (PA), (PMMA), Others (Polyoxymethylene etc.)), by Vehicle Type (HEVs), PHEVs, Battery Electric Vehicles (BEVs)): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: May 2021 | Report Code: 60351-05-21

The Electric Vehicle Plastics Market is expected to cross market value of USD 4,880.8 million in 2027 from USD 781.9 million in 2020. It is expected to grow at a CAGR of over 36.1% during the forecast period.

Global Electric Vehicle Plastics Market

Key Market Drivers and Restraints

Rising awareness regarding plastics in electric vehicles is expected to drive the growth of the global electric vehicle plastics market. Also, increasing demand for polypropylene owing to its properties, such as light weight, flexibility, and high strength have stimulated the demand for this material, thereby promoting the development of the plastics market for electric vehicles over the forecast period.

Global Electric Vehicle Plastics Market

However, recycling of plastic materials used in electric vehicle parts due to sorting of components made of varied plastics before recycling process is expected to hamper the global electric vehicle plastics market.

Impact of COVID 19

The electric vehicle plastics market will show considerable growth on the back of the global pandemic. As a result of the COVID-19 outburst, complete or partial shutdown across the globe in order to maintain social distance and increasing cases. Furthermore, with supply chain disruptions, delayed production lines, and distributors, suppliers, and retailers have stocks in warehouses but cannot sell them, as well as players are leveraging the demand for end-products.

Global Electric Vehicle Plastics Market

Asia Pacific to dominate the global electric vehicle plastics market

The global electric vehicle plastics market covers the six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. Asia Pacific market is dominated the global market and accounted for more than 31.2% of the total market. This is attributed to increasing demand for the plastics in electric vehicles and rising collaboration among players to enhance market penetration.

Global Electric Vehicle Plastics Market

Global Electric Vehicle Plastics Market is led by the Battery Electric Vehicles

Based on vehicle type, the global electric vehicle plastics market is segregated into hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). In 2020, battery electric vehicles segment is accounted for a significant share in 2020 of the global electric vehicle plastics market.

Polypropylene would continue to dominate the global electric vehicle plastics market in terms of material type

Polypropylene (PP), polyurethane (PU), acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), polyethylene (PE), polystyrene (PS), polycarbonate (PC), polyamide (PA), polymethyl methacrylate (PMMA), and others (polyoxymethylene, etc.) are the material types of electric vehicle plastics market. In 2020, polypropylene segment accounted for the largest share of global electric vehicle plastics market, owing to its properties.

Battery electric vehicles is the major segment in the global electric vehicle plastics market in terms of vehicle type

Hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) are the vehicle types of electric vehicle plastics market. In 2020, battery electric vehicles segment accounted for the largest share of global electric vehicle plastics market.

Global Electric Vehicle Plastics Market

Frequently asked questions about global electric vehicle plastics market

  • What are the consequences of COVID 19 on global electric vehicle plastics market?
    Ans: Disruption of supply chain and shutdown of production lines caused by the current pandemic
  • Which are the key material types through electric vehicle plastics market?
    Ans: Polypropylene (PP), polyurethane (PU), acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), polyethylene (PE), polystyrene (PS), polycarbonate (PC), polyamide (PA), polymethyl methacrylate (PMMA), and others (polyoxymethylene, etc.) are the most frequently through electric vehicle plastics market
  • Which is the key vehicle type through which electric vehicle plastics market occurs?
    Ans: Battery electric vehicles is the major vehicle type segment in electric vehicle plastics market
  • Which is the key application through which electric vehicle plastics market occurs?
    Ans: Interior furnishings is the main application segment in electric vehicle plastics market
  • Who are the key players in the global electric vehicle plastics market?
    Ans: Kojundo Chemical, Citizen, Sparkler Ceramics, PI Ceramic, Techno Alpha, and Others are key players operating in this market
  • Which is the leading regional market for global electric vehicle plastics market?
    Ans: Asia Pacific has the largest share owing to local presence of market players and increasing demand in electric vehicles
  • What will be the CAGR (2021 - 2027) of in global electric vehicle plastics market?
    Ans: The market is anticipated to grow at a CAGR of 36.1% throughout the forecast period
  • Which are the major factors driving the growth of global electric vehicle plastics market?
    Ans: Increasing demand for the plastics in electric vehicles owing to its properties is a key driving factors propelling the growth of this 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
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Electric Vehicle Plastics Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Electric Vehicle Plastics Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Material Type
3.3.2.Vehicle Type
3.3.3.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Electric Vehicle Plastics Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Electric Vehicle Plastics Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Solid
6.2.3.Powder
6.3.North America Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Hybrid Electric Vehicles (HEVs)
6.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
6.3.4.Battery Electric Vehicles (BEVs)

7.Europe
7.1.Europe Electric Vehicle Plastics Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Solid
7.2.3.Powder
7.3.Europe Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Hybrid Electric Vehicles (HEVs)
7.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
7.3.4.Battery Electric Vehicles (BEVs)

8.Asia Pacific
8.1.Asia Pacific Electric Vehicle Plastics Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Solid
8.2.3.Powder
8.3.Asia Pacific Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Hybrid Electric Vehicles (HEVs)
8.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
8.3.4.Battery Electric Vehicles (BEVs)

9.Latin America
9.1.Latin America Electric Vehicle Plastics Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Solid
9.2.3.Powder
9.3.Latin America Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Hybrid Electric Vehicles (HEVs)
9.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
9.3.4.Battery Electric Vehicles (BEVs)

10.Middle East
10.1.Middle East Electric Vehicle Plastics Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Solid
10.2.3.Powder
10.3.Middle East Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Hybrid Electric Vehicles (HEVs)
10.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
10.3.4.Battery Electric Vehicles (BEVs)

11.Africa
11.1.Africa Electric Vehicle Plastics Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Solid
11.2.3.Powder
11.3.Africa Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Hybrid Electric Vehicles (HEVs)
11.3.3.Plug-In Hybrid Electric Vehicles (PHEVs)
11.3.4.Battery Electric Vehicles (BEVs)

12.Global
12.1.Global Electric Vehicle Plastics Market, by Material Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Solid
12.1.3.Powder
12.2.Global Electric Vehicle Plastics Market, By Vehicle Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Hybrid Electric Vehicles (HEVs)
12.2.3.Plug-In Hybrid Electric Vehicles (PHEVs)
12.2.4.Battery Electric Vehicles (BEVs)

13.Company Profiles
13.1.Saudi Basic Industries Corporation (SABIC)
13.2.BASF SE
13.3.Formosa Plastics Corporation
13.4.LyondellBasell Industries Holdings B.V.
13.5.Evonik Industries AG
13.6.INEOS AG
13.7.E.I. du Pont de Nemours and Company
13.8.The Dow Chemical Company
13.9.Air Liquide S.A.
13.10.Sumitomo Chemical Co. Ltd.
13.11.Mitsui Chemicals Inc.
13.12.Hexion Inc.
13.13.Momentive Performance Materials
13.14.Covestro AG
13.15.Others

List of Figures

FIG. 1 Global Electric Vehicle Plastics Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Plastics Market Segmentation

FIG. 4 Global Electric Vehicle Plastics Market, by Material Type, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Plastics Market, by Application, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Plastics Market, by Vehicle Type, 2019 (US$ Bn)

FIG. 7 Global Electric Vehicle Plastics Market, by Geography, 2019 (US$ Bn)

FIG. 8 Attractive Investment Proposition, by Geography, 2019

FIG. 9 Global Market Positioning of Key Electric Vehicle Plastics Market Manufacturers, 2019

FIG. 10 Global Electric Vehicle Plastics Market Value Contribution, By Material Type, 2019 & 2027 (Value %)

FIG. 11 Global Electric Vehicle Plastics Market Value Contribution, By Application, 2019 & 2027 (Value %)

FIG. 12 Global Electric Vehicle Plastics Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)

FIG. 13 U.S. Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 14 Rest of North America Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 15 U.K. Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 16 Germany Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 17 France Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 18 Rest of Europe Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 19 Japan Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 20 China Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 21 India Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 22 Rest of Asia Pacific Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 23 Middle East & Africa Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

FIG. 24 Latin America Electric Vehicle Plastics Market, 2015-2027 (US$ Bn)

 

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Plastics Market

TABLE 2 Global Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 5 Global Electric Vehicle Plastics Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 8 North America Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 9 North America Electric Vehicle Plastics Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 11 Europe Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 12 Europe Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 13 Europe Electric Vehicle Plastics Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 15 Asia Pacific Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 16 Asia Pacific Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 17 Asia Pacific Electric Vehicle Plastics Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Latin America Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 19 Latin America Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 20 Latin America Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 21 Latin America Electric Vehicle Plastics Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 22 Middle East Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 23 Middle East Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 24 Middle East Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 25 Middle East Electric Vehicle Plastics Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 26 Africa Electric Vehicle Plastics Market, by Material Type, 2015-2027 (US$ Bn)

TABLE 27 Africa Electric Vehicle Plastics Market, by Application, 2015-2027 (US$ Bn)

TABLE 28 Africa Electric Vehicle Plastics Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 29 Africa Electric Vehicle Plastics Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 30 Saudi Basic Industries Corporation (SABIC): Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 BASF SE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Formosa Plastics Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 LyondellBasell Industries Holdings B.V.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Evonik Industries AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 INEOS AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 36 E.I. du Pont de Nemours and Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 37 The Dow Chemical Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 38 Air Liquide S.A.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 39 Sumitomo Chemical Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 40 Mitsui Chemicals Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 41 Hexion Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 42 Momentive Performance Materials: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 43 Covestro AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 44 Others: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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