Plastics for Electric Vehicle Market By Plastic Type (ABS, PU, PA, PC, PVB, PP, PVC, PMMA, HDPE, LDPE, PBT), Application & Component (Dashboard, Seat, Trim, Bumper, Body, Battery, Engine, Lighting, Wiring), EV Type and Region - Global Forecast to 2025
Plastic for Electric Vehicle Market
Top 10 Players:
- BASF SE - BASF operates through six business segments that include chemicals, materials, surface technologies, nutrition and care, industrial solution, and agriculture solution. The company provides automotive plastics through its materials and industrial solutions segment. The company operates in more than 90 countries across the globe in Europe, the Americas, Asia Pacific, Africa, and the Middle East. The company manufactures automotive plastics in applications such as automotive interior, automotive electricals and electronics, exterior, powertrain, and chassis.
- SABIC – Saudi Basic Industries Corporation (SABIC) is one of the world’s largest petrochemical manufacturers and leading thermoplastics suppliers to the automotive industry. The company’s business segments include petrochemicals and specialties, agriculture-nutrients, and Hadeed. Automotive plastics are offered under the petrochemicals and specialties segment. The company’s polymers business unit focuses on automotive, foam/lightweight, and pipe sub segments. It offers polyethylene, polypropylene, metallocene polyethylene, synthetic rubbers, polycarbonate, polystyrene, polybutylene terephthalate-polycarbonate, acrylonitrile styrene acrylate, polyvinyl chloride, polycarbonate-acrylonitrile butadiene styrene, acrylonitrile butadiene styrene, polymethyl methacrylate, and polybutylene terephthalate.
- LyondellBasell Industries Holdings B.V - LyondellBasell Industries Holdings B.V. is a prominent manufacturer of plastics, chemicals, and refining products. The company operates through various business segments such as olefins & polyolefins – Americas (O&P – Americas), olefins & polyolefins – Europe, Asia, and International (O&P – EAI), intermediates & derivatives (I&D), advanced polymer solutions (APS), and refining and technology. The company provides automotive plastics through the olefins & polyolefins segment, which include products such as ethylene and ethylene co-products, polyolefins, and polypropylene compounds.
- DoW - Dow Inc. operates through three business segments: performance materials & coatings, industrial intermediates & infrastructure, and packaging & specialty plastics. The products offered by the packaging & specialty plastics consist of two highly integrated global businesses: hydrocarbons & energy and packaging & specialty plastics. The segment employs the industry’s broadest polyolefin product portfolio and sustainable plastics to customers in food and specialty packaging; industrial and consumer packaging; health and hygiene; caps, closures and pipe applications; consumer durables; automotive; and infrastructure.
- DuPont de Nemours, Inc. - DuPont’s worldwide operations are managed through five segments: electronics & imaging; nutrition & biosciences; transportation & industrial; safety & construction, and non-core. The transportation and industrial segment delivers a broad range of polymer-based high-performance materials in its product portfolio, including elastomers and thermoplastic and thermoset engineering polymers, which are used by customers to fabricate components for mechanical, chemical, and electrical systems. In addition, the segment produces innovative engineering polymer solutions, high performance parts, specialty silicones, and differentiated adhesive technologies for automotive, aerospace, electronics, industrial, healthcare, and consumer markets.
DuPont’s transportation & industrial segment is an expert in advanced materials that provides technologies with improved performance characteristics, enabling the transition to hybrid-electric-connected vehicles.
- LG Chem
- Solvay
- Lanxess
- Asahi Kasei
- Covestro
- Sumitomo Chemicals Co. Ltd.
Other Regional Players:
- Formosa Plastic Corporation
- Celanese Corporation
- AGC Chemicals
- UBE Industries Limited
- Evonik Industries
- INEOS
- Arkema
- EMS Chemie Holding
- Mitsubishi Engineering Plastics Corporation
Top Applications:
- Interior
- Exterior
- Powertrain System/ Under Bonnet
- Lighting & Electric Wiring
[225 Pages Report] The plastics for electric vehicle market is projected to grow at a CAGR of 26.9% to reach a market size of USD 2,621 million by 2025 from USD 767 million in 2020. The rising trend of weight reduction in PHEV/ HEV and BEV coupled with the increasing demand of thermally stable plastic is anticipated to propel the demand of plastic for electric vehicle market.
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Interior trim segment is estimated to be the largest segment for plastics for electric vehicle, by component
The rising trend for replacement of metals with plastics in interior components is contributing the increase in demand of plastics for interior trim segment. The replacement of metal parts with plastics allows lower risk at the time of crash or accident as these plastics act as a absorbing body especially on the legs of vehicle occupant at the time of crash. Furthermore, the use of plastics also enhance the vehicle aesthetics along with delivering required strength. The demand of plastics in interior trim is projected to dominate the component segment throughout the forecast period.
BEV is estimated to be the largest and fastest market for plastics for electric vehicle, by vehicle type
The stringent emission regulation and government favorable policies towards adoption of electric cars are the major factors drivingthe sales of electric vehicles and thereby bolstering the demand of plastics for electric vehicle. Also, BEV manufacturers are working on reducing their overall weight, which is likely to to enhance range of electric vehicle. To reduce the weight of the vehicle automotive OEMs are focusing on metal to plastic conversion and injection moulded plastic parts. Furthermore, OEMS are also focusing on strength and safety, and cost effective plastics with high temperature resistive property for battery compartment area. This trend is likely to create new opportunities for the plastic supplier, which are lighter in weight and comparatively less expensive than metal components.
Asia is projected to be the largest and fastest growing region in plastic for electric vehicle market
Asia accounted for a majority of share of overall plastics for electric vehicle market, in terms of volume, in 2020. It is projected to register a CAGR of 28.4% during the forecast period. China, Japan, India, and South Korea are the major countries in the region. The major companies in this region are LG Chem, Asahi Kasei, Daikin, AGC, Sumitomo Chemical Company, and JSR Corporation. In terms of geography, Asia region has highest sales of electric vehicles. Henceforth, Asia is the largest as well as the fastest-growing electric vehicle plastics market.
The market size of plastics for electric vehicle by vehicle and application in Asia is estimated to be valued USD 387 million in 2020 and is projected to reach USD 1,353 million by 2025, registering the highest CAGR of 28.4%, during the forecast period. China is expected to lead the plastics for electric vehicle market in Asia throughout the forecast period due to the increasing concern to reduce the level of carbon footprints, reduction in the overall weight of the cars, and rising government mandates to promote the adoption of electric cars.
Key Market Players
Some of the key players in the plastics for electric vehicle market is dominated by global players and comprise several regional 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.
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|
Report Metric |
Details |
|
Market Size available for years |
2020–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
By Plastic (acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polyvinyl butyral, polyurethane (PU), polypropylene (PP), polyvinyl chloride (PVC), polymethylmethacrylate (PMMA), polyethylene (PE), polybutylene terephthalate (PBT) and other plastics), by Component (dashboard, seats, interior trim, car upholstery, bumper, body, exterior trim, battery, engine, Lighting, Electric Wiring, other components), Application (interior, exterior, lighting & wiring and powertrain system/under bonnet), Vehicle Type (BEV, PHEB/HEV) |
|
Geographies covered |
Asia, Europe, and North America |
|
Companies covered |
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) and Total 20 major players covered in report. |
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This research report categorizes the plastics for electric vehicle market based on the following segments
Plastic For Electric Vehicles Market, By Plastic Type
Note: The chapter is further segmented at country level (Asia, North America, and Europe)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- polyvinyl butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polymethylmethacrylate (PMMA)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polybutylene Terephthalate (PBT)
- Other Plastics
Plastics For Electric Vehicles Market, By Application
Note: The chapter is further segmented at country level (Asia, North America, and Europe)
- Powertrain System/ Under Bonnet
- Exterior
- Interior
- Lighting & Electric Wiring
Plastics For Electric Vehicles Market, By Component
Note: The chapter is further segmented at country level (Asia, North America, and Europe)
- Dashboard
- Seats
- Interior trim
- Car upholstery
- Bumper
- Body
- Exterior trim
- Battery
- Engine
- Lighting
- Electric wiring
- Other components
Plastics For Electric Vehicles Market, By Vehicle Type
Note: The chapter is further segmented at country level (Asia, North America, and Europe)
- BEV
- PHEV/ HEV
Plastics For Electric Vehicles Market, By Region
- Asia Pacific
- Europe
- North America
Recent Developments
- In 2019, BASF has launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plant. It marks a milestone of the company’s USD10 billion investment project announced in July 2018. The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.
- In 2020, Covestro has developed a new composite technology that facilitates the industrial-scale production of particularly thin, lightweight, high-strength yet aesthetic parts. It is based on Continuous Fiber-Reinforced Thermoplastic Polymers (CFRTP) and is marketed under the name Maezio™. Thermoplastics like polycarbonate are used as substrate material, and carbon or glass fibers are used for reinforcement.
- In 2019, LyondellBasell announced Ceyhan Polipropilen Uretim A.ª, a joint venture between Rönesans Holding and Sonatrach S.p.A., has selected LyondellBasell’s Spheripol technology for a 450 KTA polypropylene unit to be constructed in Ceyhan, Turkey. Spheripol is the leading PP process technology with more than 27 million tons of licensed capacity. The latest fifth generation Spheripol technology includes process improvements that further maximize operational efficiency.
- In 2019, 50:50 joint venture between KOLON PLASTICS and BASF established in 2016, has started operations at its new polyoxymethylene (POM) production plant in Gimcheon, Korea. The new production with a capacity of 70,000 metric tons per year, combined with KOLON PLASTICS’ existing annual POM production capacity of 80,000 metric tons, creates the world’s largest POM production facility, with a total annual capacity of 150,000 metric tons. Construction of the approximately USD 220 million plant, which began in April 2016.
- In 2019, LyondellBasell and Neste (NESTE, Nasdaq Helsinki), the world's largest producer of renewable diesel from waste and residues announced the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.
- In 2018, DuPont has highlighted its Vamac® Ethylene Acrylic Elastomers during the Deutsche Kautschuk-Tagung (DKT) 2018 conference taking place from 2 to 5 July 2018 in Nuremberg and will join its Vamac® EMEA distribution partner, Safic-Alcan. Together, DuPont and Safic-Alcan are able to provide customers with the materials and chemical ingredients they need to formulate their best Vamac® compounds.
Key Questions Addressed by the Report
- What would be the demand for the plastics for electric vehicle at region/ country level?
- How will the plastics for electric vehicle market shape up in the future?
- What are the current and future trends in the plastics for electric vehicle market?
- How the penetration of plastics by application type varies by region?
- Which are the key players in the plastics for electric vehicle market?
Frequently Asked Questions (FAQ):
What would be the demand for the plastics for electric vehicles at the region/ country level?
In Asia, the demand plastics for electric vehicles has emerged as the largest market owing to the increase in production of electric vehicle in China. Furthermore, North America & Europe are estimated as the second & third largest markets driven by stringent regulation to reduce carbon emissions.
How will the plastics for the electric vehicle market shape up in the future?
To make electric vehicles more efficient in terms of range, demand for making electric vehicle lighter is rising significantly, which in turn would impact the demand for high performance lightweight plastics. Also, plastics used for interior applications are estimated to showcase a higher demand and faster growth rate in the near future.
What are the current and future trends in the plastics for the electric vehicle market?
As the demand for electric vehicles is growing significantly, auto manufacturers are focused more on increasing the range of vehicles with decreased vehicle weight. This light-weighting of electric vehicles would impact the demand for plastics, which help in weight reduction, without compromising on the strength and torsional rigidity of the vehicle components.
How does the demand for plastics by application type vary by region?
The study covers EV plastic demand in applications - interior, exterior, powertrain/ under the bonnet, and lighting & electric wiring. The plastic applications in EVs are primarily driven by the regional trends and customer preference in terms of features, design and vehicle aesthetics, fit and finish of the car, and cabin comfort. For instance, in Asia, the demand for under bonnet components such as battery casing, battery thermal management, electric motor casing, and other power electronic components require high quality and lightweight plastics. Furthermore, Europe is the second-largest market and majorly driven by plastics used for exterior body components with the high tensile strength to increase meet safety crash test. Similarly, in North America, the demand for interior plastic is estimated to increase owing to an increase in demand for low NVH Levels and demand for luxury vehicles, and cabin comfort features.
Which are the key players in the plastics for the electric vehicle market?
BASF (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V (Netherlands), Dow (US), and DuPont de Nemours, Inc. (US) are some of the key players in the EV plastic market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 PLASTIC FOR ELECTRIC VEHICLE MARKET: MARKET SEGMENTATION
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 32)
2.1 RESEARCH DATA
FIGURE 2 PLASTIC FOR ELECTRIC VEHICLE MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.2 SECONDARY DATA
2.2.1 KEY SECONDARY SOURCES FOR VEHICLE SALES/ PRODUCTION
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
2.2.3 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
2.3.2 PRIMARY PARTICIPANTS
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.6 ASSUMPTIONS & ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 41)
3.1 PRE- AND POST-COVID-19 SCENARIO
FIGURE 6 PRE- AND POST-COVID-19 SCENARIO: PLASTIC FOR ELECTRIC VEHICLE MARKET, 2018–2025 (USD MILLION)
TABLE 1 PLASTIC FOR ELECTRIC VEHICLE MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (MILLION USD)
3.2 REPORT SUMMARY
FIGURE 7 PLASTIC FOR ELECTRIC VEHICLE MARKET OUTLOOK
FIGURE 8 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE OPPORTUNITIES IN PLASTIC FOR ELECTRIC VEHICLE MARKET
FIGURE 9 STRINGENT EMISSION NORMS, RISING DEMAND FOR ELECTRIC VEHICLES, AND LOWER MANUFACTURING COSTS ARE EXPECTED TO DRIVE THE MARKET
4.2 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE
FIGURE 10 POLYURETHANE TO HOLD LARGEST MARKET SIZE IN 2020
4.3 PLASTIC FOR ICE PASSENGER CAR MARKET, BY PLASTIC TYPE
FIGURE 11 POLYURETHANE TO HOLD LARGEST MARKET SIZE THROUGHOUT FORECAST PERIOD
4.4 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
FIGURE 12 BEV IS PROJECTED TO HOLD LARGEST MARKET SIZE BY 2025
4.5 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY COMPONENT
FIGURE 13 INTERIOR TRIM SEGMENT TO GROW AT HIGHEST CAGR
4.6 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY APPLICATION
FIGURE 14 INTERIOR SEGMENT IS ESTIMATED TO BE LARGEST THROUGHOUT FORECAST PERIOD
4.7 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION
FIGURE 15 ASIA TO HOLD LARGEST MARKET SHARE
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
5.2 YEARS CONSIDERED
5.3 MARKET DYNAMICS
FIGURE 16 PLASTIC FOR ELECTRIC VEHICLE MARKET: MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Stringent emission standards to drive electrification as well as weight reduction
FIGURE 17 EMISSION REGULATIONS: 2015–2025
5.3.1.2 OEM inclination toward thermally stable plastics
5.3.2 RESTRAINTS
5.3.2.1 COVID-19 to slowdown sales of EVs
FIGURE 18 PRE- VS POST COVID-19 SALES OF ELECTRIC VEHICLE SALES: 2017–2025 (UNITS)
FIGURE 19 COVID-19 IMPACT ON EV ECOSYSTEM
FIGURE 20 COVID-19 IMPACT ON EV OEMS
5.3.3 OPPORTUNITIES
5.3.3.1 Use of bio-plastics in electric vehicles
5.3.3.2 Use of anti-microbial plastics/additives in electric vehicles
5.3.4 CHALLENGES
5.3.4.1 Shifting demands of OEMs for advanced materials to adhere to the carbon emission targets
5.3.4.2 High cost of capital and infrastructure for re-engineering of plastics
5.4 IMPACT OF COVID-19 PANDEMIC
5.4.1 COVID-19 HEALTH ASSESSMENT
FIGURE 21 COVID-19 PROPAGATION: SELECT COUNTRIES
FIGURE 22 GDP GROWTH (% IN 2020)
5.5 PLASTIC FOR ELECTRIC VEHICLE MARKET SCENARIO
FIGURE 23 PLASTIC FOR ELECTRIC VEHICLE MARKET SCENARIO, 2018–2025 (USD MILLION)
5.5.1 MOST LIKELY/REALISTIC SCENARIO
TABLE 2 PLASTIC FOR ELECTRIC VEHICLE MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (MILLION USD)
5.5.2 HIGH COVID-19 IMPACT SCENARIO
TABLE 3 PLASTIC FOR ELECTRIC VEHICLE MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (MILLION USD)
5.5.3 LOW COVID-19 IMPACT SCENARIO
TABLE 4 PLASTIC FOR ELECTRIC VEHICLE MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (MILLION USD)
5.6 REVENUE SHIFT DRIVING MARKET GROWTH
5.7 PRICING ANALYSIS
TABLE 5 AVERAGE PRICE BY PLASTIC TYPES, 2020
5.8 TECHNOLOGICAL ANALYSIS
5.8.1 OVERVIEW
5.8.2 MATERIAL SUPPLIER PERSPECTIVE
5.8.3 OEM INITIATIVES
TABLE 6 KEY RECYCLED/ BIO PLASTIC INITIATIVES BY EV OEM
5.9 ECOSYSTEM/ MARKET INTERCONNECTION
FIGURE 24 ECOSYSTEM: PLASTIC FOR ELECTRIC VEHICLE
5.10 SUPPLY CHAIN ANALYSIS
FIGURE 25 SUPPLY CHAIN ANALYSIS: PLASTIC FOR ELECTRIC VEHICLE
6 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE (Page No. - 67)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
6.1.2 ASSUMPTIONS/LIMITATIONS
6.1.3 INDUSTRY INSIGHTS
FIGURE 26 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 7 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2018–2025 (TONS)
TABLE 8 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2018–2025 (USD MILLION)
6.2 ACRYLONITRILE BUTADIENE STYRENE (ABS)
6.2.1 LIGHTWEIGHT AND HIGH STRENGTH PROPERTIES WILL DRIVE ABS DEMAND
TABLE 9 ACRYLONITRILE BUTADIENE STYRENE (ABS) MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 10 ACRYLONITRILE-BUTADIENE-STYRENE (ABS) MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.3 POLYAMIDE (PA)
6.3.1 NEW GRADES OF POLYAMIDE 6 WILL DRIVE POLYAMIDE DEMAND IN ELECTRIC VEHICLES
TABLE 11 POLYAMIDE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 12 POLYAMIDE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.4 POLYCARBONATE (PC)
6.4.1 DESIGN FLEXIBILITY AND SUPERIOR STRUCTURE LIKELY TO DRIVE DEMAND
TABLE 13 POLYCARBONATE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 14 POLYCARBONATE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.5 POLYVINYL BUTYRAL (PVB)
6.5.1 PVB SUBSTITUTE ETHYLENE VINYL ACETATE (EVA) IS LIKELY TO STAGNATE MARKET GROWTH
TABLE 15 POLYVINYL BUTYRAL MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 16 POLYVINYL BUTYRAL MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.6 POLYURETHANE (PU)
6.6.1 DURABILITY AND EASY MOLDING ABILITIES LIKELY TO BOOST DEMAND
TABLE 17 POLYURETHANE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 18 POLYURETHANE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.7 POLYPROPYLENE (PP)
6.7.1 LOW COST AND EXTENSIVE INTERIOR APPLICATIONS WILL DRIVE DEMAND
TABLE 19 POLYPROPYLENE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 20 POLYPROPYLENE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.8 POLYVINYL CHLORIDE (PVC)
6.8.1 HIGH QUALITY AND DURABILITY WILL DRIVE DEMAND
TABLE 21 POLYVINYL CHLORIDE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 22 POLYVINYL CHLORIDE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.9 POLYMETHYL METHACRYLATE (PMMA)
6.9.1 100% RECYCLABILITY WILL DRIVE DEMAND
TABLE 23 POLYMETHYL METHACRYLATE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 24 POLYMETHYL METHACRYLATE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.10 HIGH DENSITY POLYETHYLENE (HDPE)
6.10.1 LIGHT WEIGHT AND LONG SHELF LIFE IS EXPECTED TO DRIVE DEMAND
TABLE 25 HDPE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 26 HDPE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.11 LOW DENSITY POLYETHYLENE (LDPE)
6.11.1 EASE OF MANUFACTURING AND FLEXIBILITY TO DRIVE DEMAND
TABLE 27 LDPE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 28 LDPE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.12 POLYBUTYLENE TEREPHTHALATE (PBT)
6.12.1 HIGHER TOLERANCE THAN POLYCARBONATE WILL DRIVE DEMAND
TABLE 29 POLYBUTYLENE TEREPHTHALATE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 30 POLYBUTYLENE TEREPHTHALATE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
6.13 OTHER PLASTICS
6.13.1 NEED FOR INNOVATIVE YET EFFECTIVE PLASTIC TYPES TO DRIVE DEMAND
TABLE 31 OTHER PLASTICS MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (TONS)
TABLE 32 OTHER PLASTICS MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2025 (USD MILLION)
7 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY APPLICATION (Page No. - 83)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 27 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
TABLE 33 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY APPLICATION, 2018–2025 (TONS)
TABLE 34 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.2 POWERTRAIN SYSTEM/UNDER BONNET
7.2.1 DEMAND FOR LIGHTWEIGHT BATTERY CASING WILL DRIVE DEMAND
TABLE 35 POWERTRAIN SYSTEM/UNDER BONNET: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 36 POWERTRAIN SYSTEM/UNDER BONNET: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
7.3 EXTERIOR
7.3.1 INCREASED USE OF SAFETY FEATURES IN CARS TO DRIVE DEMAND
TABLE 37 EXTERIOR: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 38 EXTERIOR: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
7.4 INTERIOR
7.4.1 DEMAND FOR COMFORT FEATURES TO DRIVE DEMAND
TABLE 39 INTERIOR: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 40 INTERIOR: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
7.5 LIGHTING & ELECTRIC WIRING
7.5.1 ADVANCED SAFETY FEATURES TO DRIVE DEMAND
TABLE 41 LIGHTING & ELECTRIC WIRING: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 42 LIGHTING & ELECTRIC WIRING: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY COMPONENT (Page No. - 90)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 28 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY COMPONENT, 2020 VS. 2025 (USD MILLION)
TABLE 43 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2025 (TONS)
TABLE 44 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
8.2 DASHBOARD
8.2.1 NEED FOR SAFETY AND COMFORT FEATURES WILL DRIVE DEMAND
TABLE 45 DASHBOARD: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 46 DASHBOARD: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.3 SEATS
8.3.1 NEED FOR VEHICLE WEIGHT REDUCTION AND HIGH GRADE INTERIORS TO DRIVE DEMAND
TABLE 47 SEATS: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 48 SEATS: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.4 INTERIOR TRIM
8.4.1 NEED FOR DESIGN FLEXIBILITY AND SUPERIOR STRUCTURE TO DRIVE DEMAND
TABLE 49 INTERIOR TRIM: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 50 INTERIOR TRIM: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.5 CAR UPHOLSTERY
8.5.1 NEED FOR ENHANCED AESTHETICS WILL DRIVE DEMAND
TABLE 51 CAR UPHOLSTERY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 52 CAR UPHOLSTERY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.6 BUMPER
8.6.1 ADVANCEMENTS IN SAFETY AND DRIVING ASSIST SYSTEMS WILL DRIVE DEMAND
TABLE 53 BUMPER: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 54 BUMPER: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.7 BODY
8.7.1 IMPROVED DRIVING DYNAMICS DUE TO PLASTICS WILL DRIVE DEMAND
TABLE 55 BODY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 56 BODY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.8 EXTERIOR TRIM
8.8.1 DEMAND FOR HIGH QUALITY AND DURABILITY WILL DRIVE DEMAND
TABLE 57 EXTERIOR TRIM: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 58 EXTERIOR TRIM: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.9 BATTERY
8.9.1 DEMAND FOR LIGHTWEIGHT AND THERMALLY STABLE BATTERY HOUSING WILL DRIVE DEMAND
TABLE 59 BATTERY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 60 BATTERY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.1 ENGINE
8.10.1 NEED FOR LIGHTWEIGHT AND HIGH TENSILE STRENGTH PLASTICS TO DRIVE DEMAND
TABLE 61 ENGINE: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 62 ENGINE: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.11 LIGHTING
8.11.1 ADVANCEMENTS IN LIGHTING WILL DRIVE DEMAND
TABLE 63 LIGHTING: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 64 LIGHTING: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.12 ELECTRIC WIRING
8.12.1 ADDITION OF VEHICLE ELECTRONICS IS ESTIMATED TO DRIVE DEMAND
TABLE 65 ELECTRIC WIRING: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 66 ELECTRIC WIRING: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
8.13 OTHER COMPONENTS
8.13.1 LIGHTWEIGHT FUEL TANKS TO DRIVE DEMAND
TABLE 67 OTHER COMPONENTS: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 68 OTHER COMPONENTS: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
9 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (Page No. - 106)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS/LIMITATIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 29 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 69 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2025 (TONS)
TABLE 70 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
9.2 BEV
9.2.1 FOCUS ON EXTENDING DRIVING RANGE TO DRIVE DEMAND
TABLE 71 BEV: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2018–2025 (TONS)
TABLE 72 BEV: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2018–2025 (USD MILLION)
9.3 PHEV/HEV
9.3.1 STRINGENT EMISSION STANDARDS TO DRIVE THE DEMAND
TABLE 73 PHEV/HEV: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2018–2025 (TONS)
TABLE 74 PHEV/HEV: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY PLASTIC TYPE, 2018–2025 (USD MILLION)
10 PLASTIC FOR ICE PASSENGER CAR MARKET, BY PLASTIC TYPE (Page No. - 113)
10.1 INTRODUCTION
FIGURE 30 PRE- VS POST COVID-19 ICE PASSENGER CAR PRODUCTION FORECAST: 2018–2025 (‘000 UNITS)
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS/LIMITATIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 31 PLASTIC FOR ICE PASSENGER CAR MARKET, BY PLASTIC TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 75 PLASTIC FOR ICE PASSENGER CAR MARKET, BY PLASTIC TYPE, 2018–2025 (TONS)
TABLE 76 PLASTIC FOR ICE PASSENGER CAR MARKET, BY PLASTIC TYPE, 2018–2025 (USD MILLION)
10.2 ACRYLONITRILE BUTADIENE STYRENE (ABS)
10.2.1 DEMAND FOR HIGH QUALITY INTERIORS WILL DRIVE DEMAND
TABLE 77 ACRYLONITRILE BUTADIENE STYRENE (ABS) MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 78 ACRYLONITRILE-BUTADIENE-STYRENE (ABS) MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.3 POLYAMIDE (PA)
10.3.1 NEW GRADES OF POLYAMIDE FOR UNDER THE HOOD APPLICATIONS WILL DRIVE DEMAND
TABLE 79 POLYAMIDE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 80 POLYAMIDE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.4 POLYCARBONATE (PC)
10.4.1 GLASS SUBSTITUTE FOR EXTERIOR APPLICATIONS AND DESIGN FLEXIBILITY LIKELY TO DRIVE DEMAND
TABLE 81 POLYCARBONATE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 82 POLYCARBONATE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.5 POLYVINYL BUTYRAL (PVB)
10.5.1 DEMAND FOR LAMINATED GLASS IS LIKELY TO BOOST DEMAND
TABLE 83 POLYVINYL BUTYRAL MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 84 POLYVINYL BUTYRAL MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.6 POLYURETHANE (PU)
10.6.1 WIDE RANGE OF FIRMNESS TO DRIVE PU DEMAND FOR INTERIOR AND EXTERIOR APPLICATIONS
TABLE 85 POLYURETHANE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 86 POLYURETHANE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.7 POLYPROPYLENE (PP)
10.7.1 EXCELLENT MECHANICAL PROPERTIES AND RELATIVELY LOW COST WILL DRIVE DEMAND
TABLE 87 POLYPROPYLENE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 88 POLYPROPYLENE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.8 POLYVINYL CHLORIDE (PVC)
10.8.1 HIGH DURABILITY AND COST-PERFORMANCE ADVANTAGES WILL DRIVE DEMAND
TABLE 89 POLYVINYL CHLORIDE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 90 POLYVINYL CHLORIDE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.9 POLYMETHYL METHACRYLATE (PMMA)
10.9.1 EXCELLENT OPTICAL QUALITY AND LIGHT DIFFUSION WILL DRIVE DEMAND
TABLE 91 POLYMETHYL METHACRYLATE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 92 POLYMETHYL METHACRYLATE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.10 HIGH DENSITY POLYETHYLENE (HDPE)
10.10.1 LOWER WEIGHT AND COST EFFECTIVE MANUFACTURING TO DRIVE DEMAND
TABLE 93 HDPE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 94 HDPE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.11 LOW DENSITY POLYETHYLENE (LDPE)
10.11.1 EASE OF MANUFACTURING AND HIGH PERFORMANCE PLASTIC TO DRIVE DEMAND
TABLE 95 LDPE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 96 LDPE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.12 POLYBUTYLENE TEREPHTHALATE (PBT)
10.12.1 HIGH DIMENSIONAL STABILITY WILL DRIVE DEMAND
TABLE 97 POLYBUTYLENE TEREPHTHALATE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 98 POLYBUTYLENE TEREPHTHALATE MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
10.13 OTHER PLASTICS
10.13.1 INCREMENTAL IMPROVEMENT IN CAR DESIGNS TO DRIVE DEMAND
TABLE 99 OTHER PLASTICS MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (TONS)
TABLE 100 OTHER PLASTICS MARKET FOR ICE PASSENGER CAR, BY REGION, 2018–2025 (USD MILLION)
11 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION (Page No. - 131)
11.1 INTRODUCTION
FIGURE 32 PLASTIC FOR ELECTRIC VEHICLE MARKET: ASIA IS ESTIMATED TO GROW AT HIGHEST CAGR (2020–2025)
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 33 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
TABLE 101 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (TONS)
TABLE 102 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2 ASIA
FIGURE 34 ASIA: PLASTIC FOR ELECTRIC VEHICLE MARKET SNAPSHOT
TABLE 103 ASIA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 104 ASIA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.2.1 CHINA
11.2.1.1 Strict emission norms likely to drive market
TABLE 105 CHINA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 106 CHINA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.2.2 INDIA
11.2.2.1 Strategic government initiatives to boost EV sales will drive the market
TABLE 107 INDIA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 108 INDIA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.2.3 JAPAN
11.2.3.1 PHEVs are projected to drive demand
TABLE 109 JAPAN: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (T0NS)
TABLE 110 JAPAN: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.2.4 SOUTH KOREA
11.2.4.1 Recent government policies and investments are expected to drive demand
TABLE 111 SOUTH KOREA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 112 SOUTH KOREA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.3 NORTH AMERICA
FIGURE 35 NORTH AMERICA: PLASTIC FOR ELECTRIC VEHICLE MARKET SNAPSHOT
TABLE 113 NORTH AMERICA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 114 NORTH AMERICA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.3.1 US
11.3.1.1 Demand for high performance plastics to drive market
TABLE 115 US: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 116 US: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.3.2 CANADA
11.3.2.1 BEVs to drive the demand for plastics
TABLE 117 CANADA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 118 CANADA: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4 EUROPE
FIGURE 36 PLASTIC FOR ELECTRIC VEHICLE IN EUROPE, BY REGION, 2020 VS. 2025 (USD MILLION)
TABLE 119 EUROPE: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 120 EUROPE: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4.1 NORWAY
11.4.1.1 Government focus on greener vehicles will boost demand
TABLE 121 NORWAY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 122 NORWAY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4.2 GERMANY
11.4.2.1 Implementation of attractive incentive schemes by the government to drive demand
TABLE 123 GERMANY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 124 GERMANY: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4.3 UK
11.4.3.1 Government policies to promote EV sales is anticipated to drive future demand
TABLE 125 UK: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 126 UK: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4.4 FRANCE
11.4.4.1 Focus of OEMs on developing EVs to drive demand
TABLE 127 FRANCE: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 128 FRANCE: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4.5 SWEDEN
11.4.5.1 Rising government support for electric vehicles will drive demand
TABLE 129 SWEDEN: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 130 SWEDEN: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
11.4.6 NETHERLANDS
11.4.6.1 Rising government support for electric vehicles will drive demand
TABLE 131 NETHERLANDS: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (TONS)
TABLE 132 NETHERLANDS: PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE AND APPLICATION, 2018–2025 (USD MILLION)
12 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 160)
12.1 ASIA IS THE PRIORITY ELECTRIC VEHICLE MARKET TO FOCUS FOR PLASTIC SUPPLIERS
12.2 COMPANIES SHOULD ENHANCE FOCUS ON DELIVERING COST EFFECTIVE PLASTIC SOLUTIONS
12.3 CONCLUSION
13 COMPETITIVE LANDSCAPE (Page No. - 161)
13.1 OVERVIEW
13.2 MARKET EVALUATION FRAMEWORK
FIGURE 37 MARKET EVALUATION FRAMEWORK: PLASTIC FOR ELECTRIC VEHICLE MARKET
13.3 PLASTIC FOR ELECTRIC VEHICLE MARKET: MARKET RANKING ANALYSIS
FIGURE 38 PLASTIC FOR ELECTRIC VEHICLE MARKET RANKING ANALYSIS, 2019
FIGURE 39 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT & PARTNERSHIPS/ AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES AS THE KEY GROWTH STRATEGY, 2018–2020
13.4 COMPETITIVE SCENARIO
TABLE 133 NEW PRODUCT DEVELOPMENTS/LAUNCHES (2017–2020)
13.4.1 EXPANSIONS
TABLE 134 EXPANSIONS, (2018-2019)
13.4.2 PARTNERSHIPS/CONTRACTS/ACQUISITIONS
TABLE 135 PARTNERSHIPS/CONTRACTS/ACQUISITIONS , (2018-2020)
13.5 RIGHT TO WIN
14 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 176)
14.1 COMPANY EVALUATION MATRIX
14.1.1 TERMINOLOGY
14.1.2 STARS
14.1.3 EMERGING LEADERS
14.1.4 PERVASIVE
14.1.5 EMERGING COMPANIES
FIGURE 40 PLASTIC FOR ELECTRIC VEHICLE: COMPANY EVALUATION MATRIX (2019)
14.2 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 41 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN PLASTIC FOR ELECTRIC VEHICLE MARKET
14.3 BUSINESS STRATEGY EXCELLENCE
FIGURE 42 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN PLASTIC FOR ELECTRIC VEHICLE MARKET
14.4 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
14.4.1 BASF SE
FIGURE 43 BASF SE.: COMPANY SNAPSHOT
TABLE 136 BASF SE: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS)
TABLE 137 BASF SE.: INORGANIC DEVELOPMENTS
14.4.2 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
FIGURE 44 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY SNAPSHOT
TABLE 138 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
TABLE 139 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: INORGANIC DEVELOPMENTS
14.4.3 SABIC
FIGURE 45 SABIC: COMPANY SNAPSHOT
TABLE 140 SABIC: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
14.4.4 DOW
FIGURE 46 DOW: COMPANY SNAPSHOT
TABLE 141 DOW: ORGANIC DEVELOPMENTS
14.4.5 DUPONT
FIGURE 47 DUPONT: COMPANY SNAPSHOT
TABLE 142 DUPONT: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
14.4.6 COVESTRO
FIGURE 48 COVESTRO: COMPANY SNAPSHOT
TABLE 143 COVESTRO: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
TABLE 144 COVESTRO: INORGANIC DEVELOPMENTS
14.4.7 SOLVAY
FIGURE 49 SOLVAY: COMPANY SNAPSHOT
TABLE 145 SOLVAY: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
TABLE 146 SOLVAY: INORGANIC DEVELOPMENTS
14.4.8 LANXESS
FIGURE 50 LANXESS: COMPANY SNAPSHOT
TABLE 147 LANXESS: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
14.4.9 LG CHEM
FIGURE 51 LG CHEM: COMPANY SNAPSHOT
14.4.10 ASAHI KASEI CORPORATION
FIGURE 52 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT
TABLE 148 ASAHI KASEI CORPORATION: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
TABLE 149 ASAHII KASEI: INORGANIC DEVELOPMENTS
14.4.11 MITSUI CHEMICALS
FIGURE 53 MITSUI CHEMICALS: COMPANY SNAPSHOT
TABLE 150 MITSUI CHEMICALS: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.
14.5 ADDITIONAL COMPANIES
14.5.1 EVONIK INDUSTRIES
14.5.2 ARKEMA
14.5.3 INEOS
14.5.4 SUMITOMO CHEMICAL CO., LTD
14.5.5 UBE INDUSTRIES LTD
14.5.6 AGC CHEMICALS
14.5.7 MITSUBISHI ENGINEERING PLASTICS CORPORATION
14.5.8 CELANESE CORPORATION
14.5.9 FORMOSA PLASTICS CORPORATION
14.5.10 EMS CHEMIE HOLDING AG
15 APPENDIX (Page No. - 217)
15.1 CURRENCY & PRICING
TABLE 151 CURRENCY EXCHANGE RATES (WRT PER USD)
15.2 KEY INSIGHTS OF INDUSTRY EXPERTS
15.3 DISCUSSION GUIDE
15.4 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
15.5 AVAILABLE CUSTOMIZATIONS
15.5.1 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, BY REGION
15.5.1.1 BEV
15.5.1.2 PHEV/HEV
15.5.2 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, BY COMPONENT
15.5.2.1 BEV
15.5.2.2 PHEV/HEV
15.5.3 PLASTIC FOR ELECTRIC VEHICLE MARKET, BY FCEV, BY REGION
15.5.3.1 North America (US, Canada)
15.5.3.2 Europe (UK, France, Germany, Norway, The Netherlands, Sweden)
15.5.3.3 Asia Pacific (China, India, Japan, South Korea)
15.5.4 PLASTIC FOR ICE VEHICLE MARKET, BY VEHICLE TYPE
15.5.4.1 Light Commercial Vehicle
15.5.4.2 Heavy Commercial Vehicle
15.5.5 PLASTIC FOR ICE VEHICLE MARKET, BY COUNTRY
15.5.5.1 Asia Pacific (China, Japan, India, South Korea)
15.5.5.2 Europe (Germany, France, UK, Spain, Italy, Russia)
15.5.5.3 North America (US, Canada, Mexico)
15.5.5.4 RoW (Brazil, Iran)
15.5.6 PLASTIC FOR ICE VEHICLE MARKET, BY APPLICATIONS
15.5.6.1 Powertrain System/ Under Bonnet
15.5.6.2 Exterior
15.5.6.3 Interior
15.5.6.4 Lighting & Electric Wiring
15.6 RELATED REPORTS
15.7 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the plastics for electric vehicle market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary sources referred for this research study include associations such as the National Highway Traffic Safety Administration (NHTSA), European Commission (EU), Japan Plastic Industry Federation (JPIF), Plastics Europe, European Plastic Converters, American Chemical Society, corporate filings (such as annual reports, investor presentations, and financial statements), paid database and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated through primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the plastic for electric vehicle market through secondary research. Several primary interviews have been conducted with market experts from both, the demand- (Automotive OEMs, and Component manufacturers) and supply-side (plastic suppliers) players across three major regions—namely, North America, Europe, and Asia Pacific. Approximately 30% and 70%, respectively of primary interviews have been conducted from both, the demand and supply side. Primary data has been collected through questionnaires, e-mails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, including sales, operations, and administration, to provide a holistic viewpoint in our reports.
After interacting with industry participants, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up and top-down approaches were used to estimate and validate the total market size. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends from both the demand and supply sides of the plastics for electric vehicle market.
Report Objectives
- To define, describe and forecast the market size, in terms of volume (tons) and value (USD million/billion), of the plastics for electric vehicle market
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the plastics for electric vehicle market
- To segment the market for plastics for electric vehicle and forecast the market size, by value and volume, based on vehicle type Plug-In Hybrid Electric Vehicle (PHEV)/ and Hybrid Electric Vehicle (HEV), and Battery Electric Vehicle (BEV)
- To segment the market and forecast the market size, by value and volume, based on type Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), polyvinyl butyral, Polyurethane (PU), Polypropylene (PP), Polyvinyl chloride (PVC), Polymethylmethacrylate (PMMA), high density polyethylene (HDPE), low density polyethylene (LDPE), Polybutylene Terephthalate (PBT) and others
- To segment the plastics for electric vehicle market and forecast the market size, by value and volume, based on application (Powertrain System/ Under Bonnet, Exterior, Interior, Lighting & Electric Wiring)
- To segment the plastics market for electric vehicle by component, dashboard, seats, interior trim, car upholstery, bumper, body, exterior trim, battery, engine, lighting, electric wiring and other components
- To segment the plastics of electric vehicle market and forecast the market size, by value and volume, based on region (Asia, North America and Europe)
- To analyze the market ranking of key suppliers operating in the plastics for electric vehicle market
- To understand the competition in the plastics for electric vehicle market and position the players as stars, emerging leader, pervasive, and emerging companies according to their product portfolio, strength, and business strategies
- To provide an analysis of the recent developments, alliances, joint ventures, and mergers & acquisitions in the plastics for electric vehicle market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Plastic For Electric Vehicle Market, By Vehicle Type, By Region
- BEV
- PHEV/ HEV
Note: The segment would be further segmented by region.
Plastic For Electric Vehicle Market, By Fcev, By Region
- North America (US, Canada)
- Europe (UK, France, Germany, Norway, The Netherlands, Sweden)
- Asia Pacific (China, India, Japan, South Korea)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Plastics for Electric Vehicle Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Plastics for Electric Vehicle Market