Electric Vehicle Polymers Market: Growth Forecast to 2027

Summary
Table Of Content

Market Inshights

The global Electric Vehicle Polymers Market is expected to cross-market at USD 82.42 billion in 2027 from USD 4.56 billion in 2020. It is expected to grow at a CAGR of over 62% during the forecast period.

Electric cars are the automobile industry’s future, and their overall efficiency and efficiencies should be comparable to their gasoline counterparts. Because of their faster manufacturing, weight reduction capabilities, and complex component molding, electric vehicle polymers play a critical role in the EV market. Electric vehicles minimize reliance on petroleum-based fuels while lowering carbon emissions. Global economies view electric vehicle use as a significant way to reduce greenhouse gas emissions, which would fuel demand for electric vehicle polymers in the long run. Credence Research is offering holistic information and absolute accuracy in the report titled “Global Electric Vehicle Polymers Market.”

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Key Market Drivers and Restraints

Factors that greatly impact the market growth of industrial electric vehicles will be covered here. Also, covers factors that may challenge or act as an opportunity for the Market will be discussed to identify revenue generation.

Favorable Government Policies

Electric vehicle owners in nations such as Norway get benefits from policies like no road tax, vehicle tax exemption, road and ferry tolls, and cheap parking costs. In addition, as high-use vehicles such as public transportation become electrified, demand for electric vehicle polymers is expected to rise. Between 2025 and 2030, most governments have fixed deadlines for going fully electric. A variety of greenfield investments for EVs have been recorded in order to achieve the same goal. Volvo, a Swedish automaker, is now establishing a production plant in China(the world’s largest automaker).

Asia-Pacific to Dominate the Global Market

On the geographic front, the global Market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the worldwide Market. Asia-Pacific dominated with over 45% share in 2020.

Engineering Plastics leads Global Market in terms of type

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Engineering Plastics, Elastomers, and Others are the different types available in this Market. In 2020, Engineering Plastics accounted for the largest global market share. The demand for engineering plastic was driven by the growing development of electric cars and the need for the lightweighting of electric car components all over the world.

Interior continues to dominate the global Market in terms of Component

Exterior, Powertrain systems, Interior, and Others are various components present in the Market. Interior components dominated the Market in 2020 as it lowers an electric car’s noise, vibration, and harshness (NVH) speeds. Engineering plastics and elastomers are both preferred polymers for this category of components.

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 Polymers Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Electric Vehicle Polymers 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.Type
3.3.2.Component
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 Polymers 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 Polymers 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 Polymers Market, By Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Engineering Plastics
6.2.3.Elastomers
6.2.4.Others
6.3.North America Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Powertrain System
6.3.3.Exterior
6.3.4.Interior
6.3.5.Others

7.Europe

7.1.Europe Electric Vehicle Polymers 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 Polymers Market, By Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Engineering Plastics
7.2.3.Elastomers
7.2.4.Others
7.3.Europe Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Powertrain System
7.3.3.Exterior
7.3.4.Interior
7.3.5.Others

8.Asia Pacific

8.1.Asia Pacific Electric Vehicle Polymers 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 Polymers Market, By Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Engineering Plastics
8.2.3.Elastomers
8.2.4.Others
8.3.Asia Pacific Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Powertrain System
8.3.3.Exterior
8.3.4.Interior
8.3.5.Others

9.Latin America

9.1.Latin America Electric Vehicle Polymers 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 Polymers Market, By Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Engineering Plastics
9.2.3.Elastomers
9.2.4.Others
9.2.5.Plug-in hybrid
9.3.Latin America Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Powertrain System
9.3.3.Exterior
9.3.4.Interior
9.3.5.Others

10.Middle East

10.1.Middle East Electric Vehicle Polymers 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 Polymers Market, By Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Engineering Plastics
10.2.3.Elastomers
10.2.4.Others
10.3.Middle East Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Powertrain System
10.3.3.Exterior
10.3.4.Interior
10.3.5.Others

11.Africa

11.1.Africa Electric Vehicle Polymers 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 Polymers Market, By Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Engineering Plastics
11.2.3.Elastomers
11.2.4.Others
11.3.Africa Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Powertrain System
11.3.3.Exterior
11.3.4.Interior
11.3.5.Others

12.Global

12.1.Global Electric Vehicle Polymers Market, By Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Engineering Plastics
12.1.3.Elastomers
12.1.4.Others
12.2.Global Electric Vehicle Polymers Market, by Component, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Powertrain System
12.2.3.Exterior
12.2.4.Interior
12.2.5.Others

13.Company Profiles

13.1.Arlanxeo
13.2.BASF SE
13.3.Covestro AG
13.4.Daikin Industries Ltd.
13.5.DowDuPont
13.6.DSM Engineering Plastics
13.7.Evonik Industries
13.8.Jsr Corporation
13.9.Solvay
13.10.Sumitomo Chemicals

List of Figures

FIG. 1 Global Electric Vehicle Polymers Market: Research Methodology

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

FIG. 3 Global Electric Vehicle Polymers Market Segmentation

FIG. 4 Global Electric Vehicle Polymers Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Polymers Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Polymers Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Polymers Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Polymers Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Polymers Market, by Metal 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Electric Vehicle Polymers Market, by Metal 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Electric Vehicle Polymers Market, by Metal 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Electric Vehicle Polymers Market, by Metal 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Electric Vehicle Polymers Market, by Metal 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Electric Vehicle Polymers Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Electric Vehicle Polymers Market Value Contribution, By Type, 2019 & 2027 (Value %)

FIG. 17 Global Electric Vehicle Polymers Market, by Process 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Electric Vehicle Polymers Market, by Process 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Electric Vehicle Polymers Market, by Process 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 24 France Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 27 China Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 28 India Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

Latin America Electric Vehicle Polymers Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Polymers Market

TABLE 2 Global Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

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

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

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

TABLE 6 North America Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

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

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

TABLE 9 Europe Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

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

TABLE 11 Europe Electric Vehicle Polymers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Vehicle Polymers Market, by Type, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Vehicle Polymers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Vehicle Polymers Market, by Type, 2015-2027 (US$ Bn)

TABLE 17 Latin America Electric Vehicle Polymers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Vehicle Polymers Market, by Type, 2015-2027 (US$ Bn)

TABLE 20 Middle East Electric Vehicle Polymers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Vehicle Polymers Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Vehicle Polymers Market, by Type, 2015-2027 (US$ Bn)

TABLE 23 Africa Electric Vehicle Polymers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26 Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29 Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 36 Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Which are the different types of EV Polymers?

Engineering Plastics, Others and Elastomers are different Types available in the market

Who are the key players in the global industry?

Covestro AG, Arlanxeo, BASF SE, DSM Engineering Plastics, Daikin Industries Ltd., DowDuPont, Jsr Corporation, Evonik Industries, and Solvay Sumitomo Chemicals are the key players operating in this market

Which is the fastest growing component segment for this industry?

Interior component offers tremendous opportunities to players

Which is the leading regional market for global industry?

Asia-Pacific has the largest share owing to various developments happening in this space

What will be the CAGR (2021 – 2027) of in global industry?

The market is anticipated to grow at a CAGR of 62% throughout the forecast period

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