Market Overview:
The global plastics in electric vehicles market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electric vehicles across the globe. In addition, rising awareness about environment-friendly and fuel-efficient transportation is also propelling the growth of this market. The polyamide segment is expected to lead the global plastics in electric vehicles market during the forecast period, owing to its properties such as high strength, stiffness, and durability. The polyurethanes segment is projected to grow at a highest CAGR during the forecast period owing to its properties such as thermal insulation and flame retardancy.
Product Definition:
Plastics are materials made from polymers, which are long chains of molecules. They can be molded into different shapes and sizes, which makes them very versatile for use in electric vehicles.
Some common plastics used in electric vehicles include: polypropylene (PP), polyethylene terephthalate (PET), and nylon. These plastics are strong, lightweight, and corrosion-resistant, making them ideal for use in the construction of electric vehicle components such as housings, brackets, connectors, and cables.
Polyamide:
Polyamide is a widely used thermoplastic in the automotive industry. It has high strength, stiffness and dimensional stability. Polyamides are available in two forms: nylon-6 and nylon-6,1. The former is more commonly used owing to its lower cost; however, it has less wear resistance as compared to the latter.
Increasing demand for lightweight vehicles with high fuel efficiency is expected to drive market growth over the forecast period.
Polyurethanes:
Polyurethanes are elastomers with high thermal and electrical conductivity. They are widely used in the plastic industry as a coating material for exterior applications such as automotive parts, appliances, furniture and packaging. Polyurethane coatings exhibit excellent resistance to solvents, acids & bases and have a low coefficient of friction which makes them suitable for use in electric vehicles (EV) market.
Application Insights:
Battery pack structures and cells segment dominated the global plastics in electric vehicles market, accounting for over 30% of the overall revenue share in 2017. The demand is expected to increase significantly owing to growing production of electric vehicles globally. Polyvinyl Chloride (PVC) is one such plastic that is extensively used for manufacturing battery packs as it provides excellent thermal insulation and high chemical resistance.
The other applications include interior components such as airbags, seat belts, steering wheels and others. The use of lightweight materials with good impact strength & flexibility helps reduce the overall vehicle weight which results into lower fuel consumption during transportation and reduces greenhouse emissions due to reduced carbon footprint during its production process globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key automobile manufacturers such as Toyota, Honda, Nissan, Hyundai, Skoda and Volkswagen coupled with government initiatives encouraging electric vehicle production are some of the major factors contributing to regional growth. China is projected to be a major manufacturing hub for electric vehicles owing to low labor costs along with easy availability of raw materials such as aluminum and steel.
The European region accounted for more than 20% share in terms of revenue in 2017 on account of increasing demand from Germany which has one of Europe’s largest markets for electric vehicles. The U.K., France and Spain are other prominent markets accounting for significant sales across this region owing to high consumer awareness regarding benefits offered by various plastics used in EVs including lightweighting properties along with lower emissions compared to gasoline driven cars (ICEVs).
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns and government initiatives for promotion of electric vehicles.
- Rising disposable income of consumers, which is resulting in increased demand for luxury cars and subsequently, plastic components in these cars.
- Technological advancements in plastics that are making them more durable and lightweight, thus increasing their adoption in electric vehicles.
- Growing awareness about the benefits of using plastics in electric vehicles among consumers and automakers alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastics in Electric Vehicles Market Research Report
By Type
Polyamide, Polyurethanes, Polybutylene Terephthalate, Polystyrene, Polypropylene, Polyvinyl Chloride, Polyethylene, ABS, Polycarbonate, Others
By Application
Cooling Pipes, Fans, Reinforcement, Battery Pack Structures and Cells, Others
By Companies
BASF, DuPont, Covestro, Solvay, Evonik, Rochling, The Dow Chemical Company, Eastman, Lanxess, SABIC, Mitsubishi Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Plastics in Electric Vehicles Market Report Segments:
The global Plastics in Electric Vehicles market is segmented on the basis of:
Types
Polyamide, Polyurethanes, Polybutylene Terephthalate, Polystyrene, Polypropylene, Polyvinyl Chloride, Polyethylene, ABS, Polycarbonate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooling Pipes, Fans, Reinforcement, Battery Pack Structures and Cells, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DuPont
- Covestro
- Solvay
- Evonik
- Rochling
- The Dow Chemical Company
- Eastman
- Lanxess
- SABIC
- Mitsubishi Chemical
Highlights of The Plastics in Electric Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyamide
- Polyurethanes
- Polybutylene Terephthalate
- Polystyrene
- Polypropylene
- Polyvinyl Chloride
- Polyethylene
- ABS
- Polycarbonate
- Others
- By Application:
- Cooling Pipes
- Fans
- Reinforcement
- Battery Pack Structures and Cells
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastics in Electric Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastics are used in electric vehicles to make the vehicle lighter and more durable.
Some of the major companies in the plastics in electric vehicles market are BASF, DuPont, Covestro, Solvay, Evonik, Rochling, The Dow Chemical Company, Eastman, Lanxess, SABIC, Mitsubishi Chemical.
The plastics in electric vehicles market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastics in Electric Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastics in Electric Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastics in Electric Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastics in Electric Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastics in Electric Vehicles Market Size & Forecast, 2018-2028
4.5.1 Plastics in Electric Vehicles Market Size and Y-o-Y Growth
4.5.2 Plastics in Electric Vehicles Market Absolute $ Opportunity
Chapter 5 Global Plastics in Electric Vehicles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plastics in Electric Vehicles Market Size Forecast by Type
5.2.1 Polyamide
5.2.2 Polyurethanes
5.2.3 Polybutylene Terephthalate
5.2.4 Polystyrene
5.2.5 Polypropylene
5.2.6 Polyvinyl Chloride
5.2.7 Polyethylene
5.2.8 ABS
5.2.9 Polycarbonate
5.2.10 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastics in Electric Vehicles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plastics in Electric Vehicles Market Size Forecast by Applications
6.2.1 Cooling Pipes
6.2.2 Fans
6.2.3 Reinforcement
6.2.4 Battery Pack Structures and Cells
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastics in Electric Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastics in Electric Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plastics in Electric Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Plastics in Electric Vehicles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plastics in Electric Vehicles Market Size Forecast by Type
9.6.1 Polyamide
9.6.2 Polyurethanes
9.6.3 Polybutylene Terephthalate
9.6.4 Polystyrene
9.6.5 Polypropylene
9.6.6 Polyvinyl Chloride
9.6.7 Polyethylene
9.6.8 ABS
9.6.9 Polycarbonate
9.6.10 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plastics in Electric Vehicles Market Size Forecast by Applications
9.10.1 Cooling Pipes
9.10.2 Fans
9.10.3 Reinforcement
9.10.4 Battery Pack Structures and Cells
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plastics in Electric Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Plastics in Electric Vehicles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plastics in Electric Vehicles Market Size Forecast by Type
10.6.1 Polyamide
10.6.2 Polyurethanes
10.6.3 Polybutylene Terephthalate
10.6.4 Polystyrene
10.6.5 Polypropylene
10.6.6 Polyvinyl Chloride
10.6.7 Polyethylene
10.6.8 ABS
10.6.9 Polycarbonate
10.6.10 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plastics in Electric Vehicles Market Size Forecast by Applications
10.10.1 Cooling Pipes
10.10.2 Fans
10.10.3 Reinforcement
10.10.4 Battery Pack Structures and Cells
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plastics in Electric Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastics in Electric Vehicles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plastics in Electric Vehicles Market Size Forecast by Type
11.6.1 Polyamide
11.6.2 Polyurethanes
11.6.3 Polybutylene Terephthalate
11.6.4 Polystyrene
11.6.5 Polypropylene
11.6.6 Polyvinyl Chloride
11.6.7 Polyethylene
11.6.8 ABS
11.6.9 Polycarbonate
11.6.10 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plastics in Electric Vehicles Market Size Forecast by Applications
11.10.1 Cooling Pipes
11.10.2 Fans
11.10.3 Reinforcement
11.10.4 Battery Pack Structures and Cells
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plastics in Electric Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastics in Electric Vehicles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plastics in Electric Vehicles Market Size Forecast by Type
12.6.1 Polyamide
12.6.2 Polyurethanes
12.6.3 Polybutylene Terephthalate
12.6.4 Polystyrene
12.6.5 Polypropylene
12.6.6 Polyvinyl Chloride
12.6.7 Polyethylene
12.6.8 ABS
12.6.9 Polycarbonate
12.6.10 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plastics in Electric Vehicles Market Size Forecast by Applications
12.10.1 Cooling Pipes
12.10.2 Fans
12.10.3 Reinforcement
12.10.4 Battery Pack Structures and Cells
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plastics in Electric Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastics in Electric Vehicles Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plastics in Electric Vehicles Market Size Forecast by Type
13.6.1 Polyamide
13.6.2 Polyurethanes
13.6.3 Polybutylene Terephthalate
13.6.4 Polystyrene
13.6.5 Polypropylene
13.6.6 Polyvinyl Chloride
13.6.7 Polyethylene
13.6.8 ABS
13.6.9 Polycarbonate
13.6.10 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plastics in Electric Vehicles Market Size Forecast by Applications
13.10.1 Cooling Pipes
13.10.2 Fans
13.10.3 Reinforcement
13.10.4 Battery Pack Structures and Cells
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastics in Electric Vehicles Market: Competitive Dashboard
14.2 Global Plastics in Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DuPont
14.3.3 Covestro
14.3.4 Solvay
14.3.5 Evonik
14.3.6 Rochling
14.3.7 The Dow Chemical Company
14.3.8 Eastman
14.3.9 Lanxess
14.3.10 SABIC
14.3.11 Mitsubishi Chemical
