Global Plastic for Electric Vehicle Market Growth 2025-2031

The global Plastic for Electric Vehicle market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Plastics can be an electric conductor and also an insulator. Thermoplastics polymer can be produced in various shapes and designs as per the requirement of electric vehicles due to the high versatility and easy moldability of plastics. The use of plastics for electric vehicles reduces the weight of these vehicles, which provides a greater range between recharges. Plastics offer excellent heat resistance that enables the construction of battery compartments and cooling systems and do not hamper the durability and safety provided by electric vehicles.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

LP Information, Inc. (LPI) ' newest research report, the “Plastic for Electric Vehicle Industry Forecast” looks at past sales and reviews total world Plastic for Electric Vehicle sales in 2024, providing a comprehensive analysis by region and market sector of projected Plastic for Electric Vehicle sales for 2025 through 2031. With Plastic for Electric Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic for Electric Vehicle industry.

This Insight Report provides a comprehensive analysis of the global Plastic for Electric Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plastic for Electric Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Plastic for Electric Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic for Electric Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plastic for Electric Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic for Electric Vehicle market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Acrylonitrile Butadiene Styrene

Polyamide

Polycarbonate

Polyvinyl Butyral

Polyurethane

Polypropylene

Others

Segmentation by Application:

BEV

PHEV/HEV

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

BASF SE

Solvay SA

DuPont

The Dow Chemical Company

LG Chem Ltd.

Lanxess AG

Sabic

Covestro AG

Asahi Kasei Corporation

Lyondellbasell Industries Holdings B.V.

Evonik

Formosa Plastic

Ineos Capital

Exxon Mobil

Plastic Omnium

Hanwha

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plastic for Electric Vehicle market?

What factors are driving Plastic for Electric Vehicle market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Plastic for Electric Vehicle market opportunities vary by end market size?

How does Plastic for Electric Vehicle break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.