Europe Electric Vehicle Plastics Market Size & Outlook
Europe electric vehicle plastics market, 2019-2030 (US$M)
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Europe electric vehicle plastics market highlights
- The Europe electric vehicle plastics market generated a revenue of USD 577.4 million in 2023.
- The market is expected to grow at a CAGR of 23.1% from 2024 to 2030.
- In terms of segment, polyurethane (pu) was the largest revenue generating resin in 2023.
- Polyurethane (PU) is the most lucrative resin segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 577.4 million |
| Market revenue in 2030 | USD 2,479.8 million |
| Growth rate | 23.1% (CAGR from 2023 to 2030) |
| Largest segment | Polyurethane (pu) |
| Fastest growing segment | Polyurethane (PU) |
| 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) |
| Key market players worldwide | Basf SE, SABIC, LyondellBasell Industries NV Class A, Evonik Industries AG, Covestro AG, DuPont de Nemours Inc, Sumitomo Chemical Co Ltd, LG Chem, Asahi Kasei Corp, Lanxess AG, INEOS, Celanese Corp Class A, AGC Inc, Ems-Chemie Holding AG, Mitsubishi Electric Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.6% of the global electric vehicle plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,330.3 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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Europe 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 27.66% in 2023. Horizon Databook has segmented the Europe 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.
Europe was the second-largest revenue-generating region in the global electric vehicle plastics market. Europe hosts numerous global automobile manufacturers and has a significantly developed automobile industry.
Countries such as Norway, Sweden, Iceland, Finland, Switzerland, Germany, France, and Italy already have a considerable amount of electric vehicles running on the road, and policies have been drafted to boost the supply & demand for electric vehicles, thereby presenting a positive growth opportunity for plastics used in electric vehicles.
According to the European Automobile Manufacturers Association (ACEA), the number of new electric vehicle (EV) registrations witnessed a 63.0% rise in 2021 compared to 2020. This trend is seen to be growing since 2016.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric vehicle plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric vehicle plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Europe electric vehicle plastics market size, by country, 2019-2030 (US$M)
Europe Electric Vehicle Plastics Market Outlook Share, 2023 & 2030 (US$M)
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