Product Code: CHM141C
The global market for polymers used in electric vehicles reached $9.1 billion in 2023. It is expected to grow from $10.4 billion in 2024 to $23.8 billion by 2029, at a compound annual growth rate (CAGR) of 18.1% from 2024 to 2029.
The Asia-Pacific market for polymers used in EVs is expected to grow from $6.8 billion in 2024 to $16.6 billion by 2029, at a CAGR of 19.6% from 2024 to 2029.
The North American market for polymers used in EVs is expected to grow from $1.2 billion in 2024 to $2.5 billion by 2029, at a CAGR of 16.9% from 2024 to 2029.
Report Scope:
This report provides a qualitative as well as quantitative assessment of the global market for polymers in electric vehicles (EVs). The study considers 2023 as the base year; forecasts are provided for revenue from 2024 to 2029 (USD million). The report provides a thorough analysis of the market based on type, application, vehicle and region. Each region is further sub-segmented into key countries.
Specifically, the market is segmented in the following ways:
Type:
- Engineering plastic:
- Polypropylene (PP).
- Polyurethane (PU).
- Polyvinyl Chloride (PVC).
- Polyamide (PA).
- Polyethylene (PE).
- Acrylonitrile Butadiene Styrene (ABS).
- Others.
- Elastomers:
- Silicone.
- Rubber.
- Others.
- Application:
- Interior.
- Exterior.
- Powertrain.
- Vehicle Type:
- BEVs (battery EVs).
- PHEVs (plug-in hybrid EVs).
- HEVs (hybrid EVs).
- Region:
- Asia-Pacific.
- Europe.
- North America.
- Rest of the World (RoW).
Report Includes
- 115 data tables and 49 additional tables
- An analysis of the global market for polymers used in electric vehicles (EVs)
- Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2028, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation of the market size for polymer-based EVs and their corresponding market share analysis by type, application, vehicle type and region
- Discussion of the market potential for polymers used in EVs, and forecasts for the market's segments and sub-segments
- Facts and figures concerning market drivers, opportunities, challenges and other demographic and economic factors that will drive market demand
- Analysis of the key technology issues, industry value chain, Porter's Five Forces, competitive landscape, and R&D activity
- Description of polymer properties and discussion of their ability to control carbon footprints
- A discussion of the industry's ESG challenges and practices
- Market share analysis of the key companies and coverage of their proprietary technologies, strategic alliances, and other market strategies
- Profiles of the leading companies, including BASF, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Arkema and Laxness
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Definition
- Market Background
- Role of Polymers in EV Development
- Key Focus Areas for Polymer Innovation
- Porter's Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Potential for New Entrants
- Threat of Substitutes
- Competition in the Industry
- Supply Chain Analysis
- Raw Material Suppliers
- Polymer Producers and Compounders
- Distributors
- End Users
Chapter 3 Market Dynamics
- Market Dynamics
- Market Drivers
- Unprecedented Growth in EV Sales
- Proliferating Need for Advanced Polymers for Lighter Weights
- Sustainability and Cost-effectiveness of Plastics
- Market Challenge
- Increasing Popularity of Aluminum as a Substitute
- Market Opportunities
- Growing Emphasis on Plastic Circularity and Bioplastic
- Autonomous EVs and Affordable Electric Two- and Three-Wheelers
Chapter 4 Emerging Technologies and Developments
- Emerging Technological and Material Trends
- Key Technological Advances
- Prominent Material Trends and Innovations
Chapter 5 Market Segment Analysis
- Segmentation Breakdown
- Market Analysis, by Type
- Engineering Plastics
- Elastomers
- Market Analysis, by Application
- Interior Application
- Exterior Application
- Powertrain Applications
- Market Analysis, by Vehicle Type
- Battery EVs (BEVs)
- Plug-in Hybrid EVs (PHEVs)
- Hybrid EVs (HEVs)
- Geographic Breakdown
- Market Analysis, by Region
- Asia-Pacific
- North America
- Europe
- Rest of the World (RoW)
Chapter 6 Competitive Intelligence
- Competitive Scenario
- Market Share Analysis
- Strategic Analysis
Chapter 7 Sustainability in Polymers Used in EVs: ESG Perspective
- Introduction to ESG
- Key ESG Issues in the Market
- ESG Practices in the Market
- Current Status of ESG in the Global Market
- Concluding Remarks
Chapter 8 Appendix
- Methodology
- Key Findings
- Information Sources
- Acronyms
- References
- Company Profiles
- AGC INC.
- ARKEMA
- BASF
- CELANESE CORP.
- CHT GERMANY GMBH
- COVESTRO AG
- DAIKIN INDUSTRIES LTD.
- EVONIK INDUSTRIES AG
- LANXESS
- LG CHEM
- LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
- SABIC
- SOLVAY
- SUMITOMO CHEMICAL CO. LTD.
- WACKER CHEMIE AG