Plastics for Electric Vehicle Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Plastics for Electric Vehicle Market was valued at US$ 966.09 million in 2019 and is projected to reach US$ 4,021.72 million by 2027; it is expected to grow at a CAGR of 19% from 2021 to 2027.

Plastics can be both electrical conductors and insulators. Thermoplastics can be produced in a variety of shapes and designs according to the requirements of electric vehicles due to the plastic’s high versatility and easy formability. The use of plastic in electric vehicles reduces the weight of these vehicles, allowing for wider charging intervals. Plastics provide excellent heat resistance, allowing the construction of battery compartments and cooling systems without compromising the durability and safety offered by electric vehicles. Injection molded plastics are attractive to electric vehicle manufacturers because they are less expensive than metal parts.

Market Segments

Plastic for Electric Vehicle Market, by Plastic Type

• Acrylonitrile Butadiene Styrene
• Polyamide
• Polycarbonate
• Polyvinyl Butyral
• Polyurethane
• Polypropylene
• Others

Plastic for Electric Vehicle Market, by Application

• Powertrain System/ Under Bonnet
• Exterior
• Interior
• Lighting and Electric Wiring

Key Players

The key players in the plastics for electric vehicle market are BASF (Germany), SABIC (Saudi Arabia), Dow (US), Lyondellbasell Industries Holdings B.V (Netherlands), DuPont de Nemours, Inc.(US), Covestro (Germany), Solvay (Belgium), LANXESS (Germany), LG Chem (South Korea), Asahi Kasei (Japan) has adopted the strategies of expansion and partnerships to retain its leading position in the plastics for electric vehicle market.

Scope of the Report

The research study analyzes the global Plastics for Electric Vehicle industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Plastics for Electric Vehicle Market Report

1. What was the Plastics for Electric Vehicle Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Plastics for Electric Vehicle Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Plastics for Electric Vehicle Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.