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 electric vehicle plastics market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the growing demand of light weight vehicle in the automotive industry. The plastics are widely used to make cars more energy efficient by reducing weight, together with providing durability through high performance plastics. Moreover, the rise in adoption of electric vehicle coupled with plastic industries in emerging economies such as India, China, Brazil, and others further provides significant growth opportunities to the electric vehicle plastics market.
The global market for electric vehicle plastics is segregated on the basis of plastic 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). The ABS segment is projected to have a considerable share owing to the growing application in various components such as interior in electric vehicles. Based on the vehicle type, the global electric vehicle plastics market is further segmented into hybrid electric vehicles (HEVs), battery electric vehicle (BEV), and plug-in hybrid electric vehicles (PHEVs). The BEV segment estimated to have a considerable share in the market. Based on geography, the global electric vehicle plastics market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region Asia-Pacific projected to have a considerable share in the global electric vehicle plastics market.
The companies which are contributing to the growth of the global electric vehicle plastics market include BASF SE, Covestro AG, DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Solvay SA and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the global electric vehicle plastics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
The report is intended for plastics manufacturer, electric vehicle manufacturer, end user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation
1. Global Electric Vehicle Plastics Market Research and Analysis by Plastic Type
2. Global Electric Vehicle Plastics Market Research and Analysis by Vehicle Type
The Report Covers
The global electric vehicle plastics market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the growing demand of light weight vehicle in the automotive industry. The plastics are widely used to make cars more energy efficient by reducing weight, together with providing durability through high performance plastics. Moreover, the rise in adoption of electric vehicle coupled with plastic industries in emerging economies such as India, China, Brazil, and others further provides significant growth opportunities to the electric vehicle plastics market.
The global market for electric vehicle plastics is segregated on the basis of plastic 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). The ABS segment is projected to have a considerable share owing to the growing application in various components such as interior in electric vehicles. Based on the vehicle type, the global electric vehicle plastics market is further segmented into hybrid electric vehicles (HEVs), battery electric vehicle (BEV), and plug-in hybrid electric vehicles (PHEVs). The BEV segment estimated to have a considerable share in the market. Based on geography, the global electric vehicle plastics market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region Asia-Pacific projected to have a considerable share in the global electric vehicle plastics market.
The companies which are contributing to the growth of the global electric vehicle plastics market include BASF SE, Covestro AG, DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Solvay SA and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the global electric vehicle plastics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for plastics manufacturer, electric vehicle manufacturer, end user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation
1. Global Electric Vehicle Plastics Market Research and Analysis by Plastic Type
2. Global Electric Vehicle Plastics Market Research and Analysis by Vehicle Type
The Report Covers
- Comprehensive research methodology of the global electric vehicle plastics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global electric vehicle plastics market.
- Insights about market determinants which are stimulating the global electric vehicle plastics market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
A selection of companies mentioned in this report includes:
- Asahi Kasei Corp.
- Arkema Group
- AGC Chemicals
- BASF SE
- Covestro AG
- Celanese Corp.
- DuPont de Nemours, Inc.
- Evonik Industries AG
- EMS Group
- Formosa Plastics Corp.
- INEOS AG
- Mitsui Chemicals, Inc.
- Mitsubishi Chemical Corp.
- LyondellBasell Industries Holdings B.V.
- LANXESS
- LG Chem
- SABIC
- Solvay SA
- Sumitomo Chemical Co., Ltd.
- UBE INDUSTRIES, LTD.
