France Electric Vehicle Plastics Market Size & Outlook
France electric vehicle plastics market, 2019-2030 (US$M)
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France electric vehicle plastics market highlights
- The France electric vehicle plastics market generated a revenue of USD 80.7 million in 2023 and is expected to reach USD 250.3 million by 2030.
- The France market is expected to grow at a CAGR of 17.5% 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.
Electric vehicle plastics market data book summary
| Market revenue in 2023 | USD 80.7 million |
| Market revenue in 2030 | USD 250.3 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Polyurethane (pu) |
| Fastest growing segment | Polyurethane (PU) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 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, France accounted for 3.4% of the global electric vehicle plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany electric vehicle plastics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 942.4 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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France 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 27.26% in 2023. Horizon Databook has segmented the France 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.
France is a member of the EV30@30 Campaign, which aims to accelerate the adoption of electric vehicles. The French government has been offering subsidies up to USD 5,800 (EUR 6,000) for the purchase of electric vehicles costing less than USD 56,026.8 (EUR 47,000) under the scrapping program for old combustion engine vehicles.
Under the France Reliance recovery plan that was launched in September 2020, the country granted bonuses for electric vehicle manufacturing, resulting in a rise in electric vehicle sales in 2021, as per the data provided by the National Association for the Development of Electric Mobility (Avere-France).
Companies such as Renault Group and Peugeot S.A. are relying on the ongoing grant programs provided by the French Government and are aiming for high electric vehicle sales by 2030, which is expected to drive the consumption of plastics over the forecast period.
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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 country-level data and insights on the France electric vehicle plastics market , including forecasts for subscribers. This country databook contains high-level insights into France electric vehicle plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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France electric vehicle plastics market size, by resin, 2019-2030 (US$M)
France Electric Vehicle Plastics Market Outlook Share, 2023 & 2030 (US$M)
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