Global Electric Vehicle Plastics Market Size & Outlook
Global electric vehicle plastics market, 2019-2030 (US$M)
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Global electric vehicle plastics market highlights
- The global electric vehicle plastics market generated a revenue of USD 2,343.2 million in 2023 and is expected to reach USD 12,449.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 26.9% by 2030.
- In terms of segment, polyurethane (pu) accounted for a revenue of USD 677.8 million in 2023.
- Polypropylene (PP) is the most lucrative resin segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| 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) |
Other key industry trends
- In terms of revenue, the North America accounted for 19.6% of the global electric vehicle plastics market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Netherlands is the fastest growing regional market and is projected to reach USD 92.8 million by 2030.
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Electric Vehicle Plastics Market Scope
Electric Vehicle Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global electric vehicle plastics market outlook
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.
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Target buyers of Global electric vehicle plastics market databook
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Our clientele includes a mix of electric vehicle plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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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Global electric vehicle plastics market size, by regions, 2019-2030 (US$M)
Top 10 countries: Electric vehicle plastics market size, 2023 (US$M)
Global electric vehicle plastics market share, by resin, 2023 & 2030 (%, US$M)
Electric vehicle plastics market: Opportunity assessment by country
Global electric vehicle plastics market, by region, 2023 (US$M)
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