August 10, 2020

Global Plastics for the Electric Vehicle Market (2020 to 2025)

Global Plastics for the Electric Vehicle Market (2020 to 2025)

Dublin, Aug. 10, 2020 (GLOBE NEWSWIRE) — The “Plastics for the 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” report has been added to’s offering.

The global plastic for the electric vehicle market is projected to reach USD 2,620.9 million by 2025 from USD 796.9 million in 2020.

The stringent emission norms and demand for weight reduction in PHEV/ HEV and BEV is estimated to increase the demand for plastics. The interior application segment is estimated to account for the majority of plastic demand in an electric vehicle and the trend is projected to continue during the forecast period.

Polypropylene is expected to hold the largest share in the market during the forecast period

As a thermoplastic polymer, polypropylene can easily be formed into almost any shape. It has properties such as low density, chemical resistance, water repellency, and resistance to stress, cracking, and extreme weather conditions. Low cost and flexibility to molding allow them to be used in various components/ automotive parts. Polypropylene is widely used in automotive applications such as bumpers, cable insulation, battery boxes, indoor and outdoor carpets, and carpet fibers. Therefore, polypropylene is projected to have significant demand in electric vehicles throughout the forecast period.

Asia is estimated to be the largest and fastest-growing region in the plastics for the electric vehicle market

Asia is projected to dominate the global plastic for the electric vehicles market. As Asia is the largest market for electric vehicles, the demand for plastic is much higher as compared to other geographies. Some of the prominent players catering to plastic demand in Asia include such as LG Chem, Asahi Kasei, Daikin, AGC, Sumitomo Chemical Company, and JSR Corporation. Additionally, with a continuous focus on weight reduction coupled with an increase in the average content of plastic per electric vehicle is anticipated to upsurge the demand of plastic in the near future.

The market size of plastics for electric vehicles 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 CAGR of 28.4%, during the forecast period. China is expected to lead the plastics for the electric vehicle market in Asia between 2020 and 2025 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 Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Pre- and Post-Covid-19 Scenario
3.2 Report Summary

4 Premium Insights
4.1 Attractive Opportunities in Plastic for Electric Vehicle Market
4.2 Plastic for Electric Vehicle Market, by Plastic Type
4.3 Plastic for Ice Passenger Car Market, by Plastic Type
4.4 Plastic for Electric Vehicle Market, by Vehicle Type
4.5 Plastic for Electric Vehicle Market, by Component
4.6 Plastic for Electric Vehicle Market, by Application
4.7 Plastic for Electric Vehicle Market, by Region

5 Market Overview
5.1 Introduction
5.2 Years Considered
5.3 Market Dynamics
5.3.1 Drivers Stringent Emission Standards to Drive Electrification As Well As Weight Reduction Oem Inclination Toward Thermally Stable Plastics
5.3.2 Restraints Covid-19 to Slowdown Sales of Evs
5.3.3 Opportunities Use of Bio-Plastics in Electric Vehicles Use of Anti-Microbial Plastics/Additives in Electric Vehicles
5.3.4 Challenges Shifting Demands of Oems for Advanced Materials to Adhere to the Carbon Emission Targets 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
5.5 Plastic for Electric Vehicle Market Scenario
5.5.1 Most Likely/Realistic Scenario
5.5.2 High Covid-19 Impact Scenario
5.5.3 Low Covid-19 Impact Scenario
5.6 Revenue Shift Driving Market Growth
5.7 Pricing Analysis
5.8 Technological Analysis
5.8.1 Overview
5.8.2 Material Supplier Perspective
5.8.3 Oem Initiatives
5.9 Ecosystem/ Market Interconnection
5.10 Supply Chain Analysis

6 Plastic for Electric Vehicle Market, by Plastic Type
6.1 Introduction
6.1.1 Research Methodology
6.1.2 Assumptions/Limitations
6.1.3 Industry Insights
6.2 Acrylonitrile Butadiene Styrene (Abs)
6.2.1 Lightweight and High Strength Properties Will Drive Abs Demand
6.3 Polyamide (Pa)
6.3.1 New Grades of Polyamide 6 Will Drive Polyamide Demand in Electric Vehicles
6.4 Polycarbonate (Pc)
6.4.1 Design Flexibility and Superior Structure Likely to Drive Demand
6.5 Polyvinyl Butyral (Pvb)
6.5.1 Pvb Substitute Ethylene Vinyl Acetate (Eva) is Likely to Stagnate Market Growth
6.6 Polyurethane (Pu)
6.6.1 Durability and Easy Molding Abilities Likely to Boost Demand
6.7 Polypropylene (Pp)
6.7.1 Low Cost and Extensive Interior Applications Will Drive Demand
6.8 Polyvinyl Chloride (Pvc)
6.8.1 High Quality and Durability Will Drive Demand
6.9 Polymethyl Methacrylate (Pmma)
6.9.1 100% Recyclability Will Drive Demand
6.10 High Density Polyethylene (Hdpe)
6.10.1 Light Weight and Long Shelf Life is Expected to Drive Demand
6.11 Low Density Polyethylene (Ldpe)
6.11.1 Ease of Manufacturing and Flexibility to Drive Demand
6.12 Polybutylene Terephthalate (Pbt)
6.12.1 Higher Tolerance Than Polycarbonate Will Drive Demand
6.13 Other Plastics
6.13.1 Need for Innovative Yet Effective Plastic Types to Drive Demand

7 Plastic for Electric Vehicle Market, by Application
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions
7.1.3 Industry Insights
7.2 Powertrain System/Under Bonnet
7.2.1 Demand for Lightweight Battery Casing Will Drive Demand
7.3 Exterior
7.3.1 Increased Use of Safety Features in Cars to Drive Demand
7.4 Interior
7.4.1 Demand for Comfort Features to Drive Demand
7.5 Lighting & Electric Wiring
7.5.1 Advanced Safety Features to Drive Demand

8 Plastic for Electric Vehicle Market, by Component
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions
8.1.3 Industry Insights
8.2 Dashboard
8.2.1 Need for Safety and Comfort Features Will Drive Demand
8.3 Seats
8.3.1 Need for Vehicle Weight Reduction and High Grade Interiors to Drive Demand
8.4 Interior Trim
8.4.1 Need for Design Flexibility and Superior Structure to Drive Demand
8.5 Car Upholstery
8.5.1 Need for Enhanced Aesthetics Will Drive Demand
8.6 Bumper
8.6.1 Advancements in Safety and Driving Assist Systems Will Drive Demand
8.7 Body
8.7.1 Improved Driving Dynamics Due to Plastics Will Drive Demand
8.8 Exterior Trim
8.8.1 Demand for High Quality and Durability Will Drive Demand
8.9 Battery
8.9.1 Demand for Lightweight and Thermally Stable Battery Housing Will Drive Demand
8.10 Engine
8.10.1 Need for Lightweight and High Tensile Strength Plastics to Drive Demand
8.11 Lighting
8.11.1 Advancements in Lighting Will Drive Demand
8.12 Electric Wiring
8.12.1 Addition of Vehicle Electronics is Estimated to Drive Demand
8.13 Other Components
8.13.1 Lightweight Fuel Tanks to Drive Demand

9 Plastic for Electric Vehicle Market, by Vehicle Type
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions/Limitations
9.1.3 Industry Insights
9.2 Bev
9.2.1 Focus on Extending Driving Range to Drive Demand
9.3 Phev/Hev
9.3.1 Stringent Emission Standards to Drive the Demand

10 Plastic for Ice Passenger Car Market, by Plastic Type
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumptions/Limitations
10.1.3 Industry Insights
10.2 Acrylonitrile Butadiene Styrene (Abs)
10.2.1 Demand for High Quality Interiors Will Drive Demand
10.3 Polyamide (Pa)
10.3.1 New Grades of Polyamide for Under the Hood Applications Will Drive Demand
10.4 Polycarbonate (Pc)
10.4.1 Glass Substitute for Exterior Applications and Design Flexibility Likely to Drive Demand
10.5 Polyvinyl Butyral (Pvb)
10.5.1 Demand for Laminated Glass is Likely to Boost Demand
10.6 Polyurethane (Pu)
10.6.1 Wide Range of Firmness to Drive Pu Demand for Interior and Exterior Applications
10.7 Polypropylene (Pp)
10.7.1 Excellent Mechanical Properties and Relatively Low Cost Will Drive Demand
10.8 Polyvinyl Chloride (Pvc)
10.8.1 High Durability and Cost-Performance Advantages Will Drive Demand
10.9 Polymethyl Methacrylate (Pmma)
10.9.1 Excellent Optical Quality and Light Diffusion Will Drive Demand
10.10 High Density Polyethylene (Hdpe)
10.10.1 Lower Weight and Cost Effective Manufacturing to Drive Demand
10.11 Low Density Polyethylene (Ldpe)
10.11.1 Ease of Manufacturing and High Performance Plastic To Drive Demand
10.12 Polybutylene Terephthalate (Pbt)
10.12.1 High Dimensional Stability Will Drive Demand
10.13 Other Plastics
10.13.1 Incremental Improvement in Car Designs to Drive Demand

11 Plastic for Electric Vehicle Market, by Region
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions
11.1.3 Industry Insights
11.2 Asia
11.2.1 China Strict Emission Norms Likely to Drive Market
11.2.2 India Strategic Government Initiatives to Boost Ev Sales Will Drive the Market
11.2.3 Japan Phevs Are Projected to Drive Demand
11.2.4 South Korea Recent Government Policies and Investments Are Expected to Drive Demand
11.3 North America
11.3.1 Us Demand for High Performance Plastics to Drive Market
11.3.2 Canada Bevs to Drive the Demand for Plastics
11.4 Europe
11.4.1 Norway Government Focus on Greener Vehicles Will Boost Demand
11.4.2 Germany Implementation of Attractive Incentive Schemes by the Government to Drive Demand
11.4.3 Uk Government Policies to Promote Ev Sales is Anticipated to Drive Future Demand
11.4.4 France Focus of Oems on Developing Evs to Drive Demand
11.4.5 Sweden Rising Government Support for Electric Vehicles Will Drive Demand
11.4.6 Netherlands Rising Government Support for Electric Vehicles Will Drive Demand

12 Recommendations by the Publisher
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
13.1 Overview
13.2 Market Evaluation Framework
13.3 Plastic for Electric Vehicle Market: Market Ranking Analysis
13.4 Competitive Scenario
13.4.1 Expansions
13.4.2 Partnerships/Contracts/Acquisitions
13.5 Right to Win

14 Company Evaluation Matrix and Company Profiles
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
14.2 Strength of Product Portfolio
14.3 Business Strategy Excellence
14.4 Company Profiles
14.4.1 Basf Se
14.4.2 Lyondellbasell Industries Holdings B.V.
14.4.3 Sabic
14.4.4 Dow
14.4.5 Dupont
14.4.6 Covestro
14.4.7 Solvay
14.4.8 Lanxess
14.4.9 Lg Chem
14.4.10 Asahi Kasei Corporation
14.4.11 Mitsui Chemicals
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

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