Interior Trim Segment to Dominate Europe Plastics For Electric Vehicle Market during 2020-2027
According to a new market research study on “Europe 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$ 1013.47 million by 2027 from US$ 245.77 million in 2019. The market is estimated to grow at a CAGR of 19.6% from 2020 to 2027. The report provides trends prevailing in the Europe Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Increasing demand of electric vehicles are the major factor driving the growth of the Europe Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of Europe Plastics For Electric Vehicle market.
The Europe 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 Europe 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 Europe Plastics For Electric Vehicle market.
In Europe, Russia, France, Spain, UK, Italy and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
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 Europe 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 2018, BASF recently inaugurated its new EMEA (Europe, Middle East and Africa) Application center for Plastics Additives in Kaisten, Switzerland. The new facility, located in the existing BASF production site, includes a state of the art compounding extruder, stretch film and tape lines as well as an injection molding unit capable of simulating the polymer production and processing technology. The facility can combine intelligent process automation and expertise that will increase the quality of Plastics s produced.
The Report Segments the Europe 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 “Europe 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$ 1013.47 million by 2027 from US$ 245.77 million in 2019. The market is estimated to grow at a CAGR of 19.6% from 2020 to 2027. The report provides trends prevailing in the Europe Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Increasing demand of electric vehicles are the major factor driving the growth of the Europe Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of Europe Plastics For Electric Vehicle market.
The Europe 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 Europe 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 Europe Plastics For Electric Vehicle market.
In Europe, Russia, France, Spain, UK, Italy and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
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 Europe 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 2018, BASF recently inaugurated its new EMEA (Europe, Middle East and Africa) Application center for Plastics Additives in Kaisten, Switzerland. The new facility, located in the existing BASF production site, includes a state of the art compounding extruder, stretch film and tape lines as well as an injection molding unit capable of simulating the polymer production and processing technology. The facility can combine intelligent process automation and expertise that will increase the quality of Plastics s produced.
The Report Segments the Europe 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
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe medical device adhesives 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 Europe medical device adhesives 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 markets.
- Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security 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 - Europe 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 Europe 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.
