Polypropylene Segment to Dominate North America Plastics For Electric Vehicle Market during 2020 -2027
According to a new market research study on “North America Plastics For Electric Vehicle Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Plastics Type, Component, Vehicle Type, and Application,” is expected to reach US$ 904.89 million by 2027 from US$ 213.50 million in 2019. The market is estimated to grow at a CAGR of 20.0% from 2020 to 2027. The report provides trends prevailing in the North America Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to reduce vehicle weight are the major factor driving the growth of the North America Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of North America Plastics For Electric Vehicle market.
The North America market for Plastics For Electric Vehicle market is segmented into Plastics type, component, vehicle type, application, and country. Based on Plastics type, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and others. In 2019, the polypropylene segment held the largest share North America Plastics For Electric Vehicle market. Based on component the Plastics For Electric Vehicle market is divided into Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others. Interior trim is expected to be the leading segment over the forecast period. Based on vehicle type, the market is segmented into BEV, and PHEV/ HEV. BEV is expected to be the leading segment over the forecast period. Based on application, the market is segmented into Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring. In 2019, the interior segment held the largest share in North America Plastics For Electric Vehicle market.
The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
BASF SE, Solvay SA, DuPont de Nemours, Inc., The Dow Chemical Company, LG Chem Ltd., Lanxess AG, Sabic, Covestro AG, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V.are among the leading companies in the North America Plastics For Electric Vehicle market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities. This will allow BASF to support its customers with even better engineering Plastics s solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in Asia as well as in North and South America.
The Report Segments the North America Plastics For Electric Vehicle market as Follows:
By Plastics Type
By Component
By Vehicle Type
By Application
By Country
Reasons to Buy
According to a new market research study on “North America Plastics For Electric Vehicle Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Plastics Type, Component, Vehicle Type, and Application,” is expected to reach US$ 904.89 million by 2027 from US$ 213.50 million in 2019. The market is estimated to grow at a CAGR of 20.0% from 2020 to 2027. The report provides trends prevailing in the North America Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to reduce vehicle weight are the major factor driving the growth of the North America Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of North America Plastics For Electric Vehicle market.
The North America market for Plastics For Electric Vehicle market is segmented into Plastics type, component, vehicle type, application, and country. Based on Plastics type, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and others. In 2019, the polypropylene segment held the largest share North America Plastics For Electric Vehicle market. Based on component the Plastics For Electric Vehicle market is divided into Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others. Interior trim is expected to be the leading segment over the forecast period. Based on vehicle type, the market is segmented into BEV, and PHEV/ HEV. BEV is expected to be the leading segment over the forecast period. Based on application, the market is segmented into Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring. In 2019, the interior segment held the largest share in North America Plastics For Electric Vehicle market.
The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
BASF SE, Solvay SA, DuPont de Nemours, Inc., The Dow Chemical Company, LG Chem Ltd., Lanxess AG, Sabic, Covestro AG, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V.are among the leading companies in the North America Plastics For Electric Vehicle market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities. This will allow BASF to support its customers with even better engineering Plastics s solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in Asia as well as in North and South America.
The Report Segments the North America Plastics For Electric Vehicle market as Follows:
By Plastics Type
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Others
By Component
- Dashboard
- Seats
- Interior Trim
- Car Upholstery
- Bumper
- Others
By Vehicle Type
- BEV
- PHEV/ HEV
By Application
- Powertrain System/ Under Bonnet
- Exterior
- Interior
- Lighting and Electric Wiring
By Country
- US
- Canada
- Mexico
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America medium voltage cable market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America medium voltage cable market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging market.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the medium voltage cable market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Plastics for Electric Vehicles Market Landscape
5. Plastics for Electric Vehicle Market - Key Market Dynamics
6. Plastics for Electric Vehicles - North America Market Analysis
7. Plastics for Electric Vehicle Market Analysis - By Plastic Type
8. Plastics for Electric Vehicle Market Analysis - By Component
9. Plastics for Electric Vehicle Market Analysis - By Vehicle Type
10. Plastics for Electric Vehicle Market Analysis - By Application
11. Plastics for Electric Vehicle Market - Country Analysis
12. Impact of COVID-19 Pandemic on North America Plastics for Electric Vehicle Market
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Solvay SA
- DuPont de Nemours, Inc.
- The Dow Chemical Company
- LG Chem Ltd.
- Lanxess AG
- Sabic
- Covestro AG
- Asahi Kasei Corporation
- Lyondellbasell Industries Holdings B.V.
