Sweden Electric Vehicle Plastics Market Size & Outlook
Sweden electric vehicle plastics market, 2019-2030 (US$M)
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Sweden electric vehicle plastics market highlights
- The Sweden electric vehicle plastics market generated a revenue of USD 37.4 million in 2023 and is expected to reach USD 103.0 million by 2030.
- The Sweden market is expected to grow at a CAGR of 15.6% 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 37.4 million |
| Market revenue in 2030 | USD 103.0 million |
| Growth rate | 15.6% (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, Sweden accounted for 1.6% 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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Sweden 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 26.74% in 2023. Horizon Databook has segmented the Sweden 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.
Sweden is considered one of the leading plug-in hybrid electric vehicle markets in Europe and across the globe. In July 2018, the government of Sweden proposed a new taxation scheme that increases the taxation on petrol vehicles and provides bonuses for plug-in vehicles. Since then, the electric vehicle market in Sweden has witnessed a positive trend.
In 2020, two major initiatives were launched by the government of Sweden for accelerating the electrification of the transport sector. The first initiative, known as Electrification Strategy, was launched to contribute to fast, smart, and economically efficient electrification of transport and other sectors.
In 2020, the government of Sweden announced the allocation of USD 59.6 million (EUR 50 million) and USD 65.5 million (EUR 55 million) for the electrification of plug-in heavy-duty and fuel-cell electric trucks in 2021 and 2022, respectively.
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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 Sweden electric vehicle plastics market , including forecasts for subscribers. This country databook contains high-level insights into Sweden electric vehicle plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden electric vehicle plastics market size, by resin, 2019-2030 (US$M)
Sweden Electric Vehicle Plastics Market Outlook Share, 2023 & 2030 (US$M)
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