Electric Vehicle Plastics Market
Global Electric Vehicle Plastics Market Size, Share & Trends Analysis Report by Plastic Type (Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polymethylmethacrylate, and Others), By Vehicle Type (Hybrid Electric Vehicles (HEVs), Battery Electric Vehicle (BEV), and Plug-In Hybrid Electric Vehicles (PHEVs)) and Forecast 2020-2026
The global market for electric vehicle plastics is projected to have considerable CAGR of around 27.5% during the forecast period. The major factors that propels the electric vehicle plastics market include growing demand of light weight plastics in electric vehicle, growing demand of electric vehicle, and others. Lightweight plastics play a significant role in the electric vehicle industry. The application various plastics type such as ABS, and others are likely to increase significantly over the decade owing to the fact that even a 10% reduction in vehicle weight yields 6.5% reduction in fuel consumption. Owing to this, application of plastic components in the electric vehicle industry has been growing over the last decades. The plastics are used mainly to make cars more energy efficient by reducing weight, together with providing durability, corrosion resistance, toughness, design flexibility, resiliency and high performance at low cost.
Segmental Outlook
The global electric vehicle plastics market is segmented based on plastics type and vehicle type. Based on the plastic type, the market is further classified into polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polyurethane (PU), polymethylmethacrylate (PMMA), and others (Polypropylene). On the basis of vehicle type the market is further segregated into hybrid electric vehicles (HEVs), battery electric vehicle (BEV), and plug-in hybrid electric vehicles (PHEVs). The BEV segment is projected to have significant share due to government initiatives for the adoption of electric car across the globe.
Global Electric Vehicle Plastics Market Share by Plastic Type, 2019(%)
Global Electric Vehicle Plastics Market to be driven by ABS
Among plastic type, the ABS segment held a considerable share in the market owing to the significant application in electric industry owing to light weight and other benefits. The ABS material is specialized for reliable fuse deposition modelling without carbonization in the print nozzle. In addition, the added Carbon in ABS-ESD7 increases its strength and stiffness by about 10% to enhance its electrical conductivity. The features of styrene-based materials include simplicity of production, durability, high performance, and flexibility of design. They can provide excellent hygiene, sanitation, and safety benefits. These products provide good insulation qualities, making complete use of natural resources and the ability to be recycled where collection systems are made available. Due to these properties the application of ABS components in the electric vehicle industry has been increasing over the last decades.
Regional Outlook
Geographically, the global electric vehicle plastics market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to hold significant growth in the global electric vehicle plastics market. California and US states that have adopted zero-emissions vehicle (ZEV) mandates and/or have stated an intention to continue to improve vehicle fuel economy. Other parts of the United States are slower to adopt electric vehicle, bringing the overall electric vehicle sales share to 8% of the US vehicle market in 2030. Therefore the growing adoption of electric vehicle further projected the market growth.
Global Electric Vehicle Plastics Market Growth, by Region 2020-2026
Asia-Pacific to hold a considerable share in the global electric vehicle plastics market
Geographically, Asia-Pacific is projected to hold a significant market share in the global electric vehicle plastics market. The market is mainly driven by the increasing demand of light weight electric vehicle in automotive industry in the region. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Apart from those countries, South Korea, Australia, Thailand, and Indonesia projected to contribute significantly in the market growth. Moreover, Electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Around 45% of electric cars on the road in 2018 were in China, which is 2.3 million. In comparison, Europe accounted for 24% of the global fleet, and the US 22%. This, in turn, contributes to the demand for plastics for electric vehicle.
Market Players Outlook
The key players in the electric vehicle plastics market contributing significantly by providing different material types of products and increasing their geographical presence across the globe. The key players of the market include BASF SE, Covestro AG, DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Solvay SA and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric vehicle plastics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. BASF SE
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Covestro AG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. DuPont de Nemours, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. LyondellBasell Industries Holdings B.V.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Solvay SA
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Electric Vehicle Plastics Market by Plastic Type
5.1.1. Polyvinyl Chloride (PVC)
5.1.2. Acrylonitrile Butadiene Styrene (ABS)
5.1.3. Polyamide (PA)
5.1.4. Polycarbonate (PC)
5.1.5. Polyurethane (PU)
5.1.6. Polyamide (PA)
5.1.7. Polymethylmethacrylate (PMMA)
5.1.8. Others (Polypropylene)
5.2. Global Electric Vehicle Plastics Market by Vehicle Type
5.2.1. Hybrid Electric Vehicles (HEVs)
5.2.2. Battery Electric Vehicle(BEV)
5.2.3. Plug-In Hybrid Electric Vehicles (PHEVs)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Asahi Kasei Corp.
7.2. Arkema Group
7.3. AGC Chemicals
7.4. BASF SE
7.5. Covestro AG
7.6. Celanese Corp.
7.7. DuPont de Nemours, Inc.
7.8. Evonik Industries AG
7.9. EMS Group
7.10. Formosa Plastics Corp.
7.11. INEOS AG
7.12. Mitsui Chemicals, Inc.
7.13. Mitsubishi Chemical Corp.
7.14. LyondellBasell Industries Holdings B.V.
7.15. LANXESS
7.16. LG Chem
7.17. SABIC
7.18. Solvay SA
7.19. Sumitomo Chemical Co., Ltd.
7.20. UBE INDUSTRIES, LTD.
1. GLOBAL PVC FOR ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
2. GLOBAL PVC FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL ABS FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL PA FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL PC FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL PU FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL PMMA FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL OTHER PLASTICS FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL OTHER ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
11. GLOBAL ELECTRIC VEHICLE PLASTICS IN HEV MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL ELECTRIC VEHICLE PLASTICS IN BEV MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL ELECTRIC VEHICLE PLASTICS IN PHEV MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
17. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
18. EUROPEAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
20. EUROPEAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
24. REST OF THE WORLD ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
25. REST OF THE WORLD ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
1. GLOBAL ELECTRIC VEHICLE PLASTICS MARKET SHARE BY PLASTIC TYPE, 2019 VS 2026 (%)
2. GLOBAL ELECTRIC VEHICLE PLASTICS MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
3. GLOBAL ELECTRIC VEHICLE PLASTICS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
6. UK ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
