Market revenue in 2023 | USD 2,343.2 million |
Market revenue in 2030 | USD 12,449.9 million |
Growth rate | 26.9% (CAGR from 2023 to 2030) |
Largest segment | Polyurethane (pu) |
Fastest growing segment | Polypropylene (PP) |
Historical data covered | 2019 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Polypropylene (PP), Polyamide (PA), Polycarbonate (PC), Polyethylene (PE), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyvinyl Butyral (PVB), Polybutylene Terephthalate (PBT), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate (PET) |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle plastics market will help companies and investors design strategic landscapes.
polyurethane (pu) was the largest segment with a revenue share of 28.93% in 2023. Horizon Databook has segmented the Global electric vehicle plastics market based on polypropylene (pp), polyamide (pa), polycarbonate (pc), polyethylene (pe), polyurethane (pu), polyvinyl chloride (pvc), polyvinyl butyral (pvb), polybutylene terephthalate (pbt), acrylonitrile butadiene styrene (abs), polyethylene terephthalate (pet) covering the revenue growth of each sub-segment from 2019 to 2030.
The growing use of fossil fuel-powered vehicles has resulted in the emission of carbon dioxide and greenhouse gases such as hydrofluorocarbons (HFCs), nitrous oxide (N2O), and methane (CH4). These gases have extensively impacted the temperature quality of the atmosphere leading to respiratory health issues and climatic changes.
The diesel gate scandal, which was unearthed in 2015, showed Volkswagen AG to have intentionally programmed its diesel engines to show lower- levels of emission pollutants, however, on checking the emission levels were found to be high. This further added to the concerns related to fossil fuel-powered engines.
In addition, in August 2022, the California regulators passed rules to ban the sale of new gas-powered cars by 2035, as a part of its plan to tackle the climate change issue. The rules issued by the California Air Resources Board (CARB) target 35% of new vehicles sold in the state to be hydrogen, hybrid, or electric powered by 2026.
Horizon Databook provides a detailed overview of global-level data and insights on the Global electric vehicle plastics market , including forecasts for subscribers. This global databook contains high-level insights into Global electric vehicle plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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