The global Electric Vehicle (EV) car polymers market size is expected to reach USD 508.11 Billion in 2030 and register a revenue CAGR of 61.1% over the forecast period, according to the latest analysis by Emergen Research. Rising demand to reduce weight of electric cars is the key factor driving global electric vehicle car polymers market revenue growth.
Heavyweight of vehicles is a significant barrier for vehicle to run solely on electric power for an extended period, but some lighter materials can reduce the weight of a vehicle without sacrificing strength and durability. Whether fuel is gasoline or electricity, reducing overall weight of a vehicle improves its fuel efficiency. In case of Electric Vehicles (EVs), lighter vehicles can travel longer distances with smaller batteries, making them more efficient for daily use. Polymers provide long-term performance, efficiency gain, reduce weight, and increase fuel efficiency of vehicle. Polymer technology has progressed rapidly over the past years and increased its application scope in automotive. Stringent regulations to reduce vehicle emissions and increasing demand of customers for lightweight and fuel-efficient cars are driving revenue growth in the market over the forecast period.
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The new report titled ‘Global Electric Vehicle Car Polymers Market’, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Electric Vehicle Car Polymers market outlook over the forecast duration (2019-2030). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments.
Key players in the market include BASF SE, Saudi Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Evonik Industries AG, Celanese Corporation, Solvay S.A, Lanxess AG, Arkema S.A, Daikin Industries, Ltd., Dupont De Nemours, Inc., Lyondellbasell Industries N.V., and Royal Dsm N.V.
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Key Highlights From the Report
The interior segment is expected to account for largest revenue share in the global market during the forecast period due to increasing use of polymers in car interiors such as instrument panels, door panels, lightweight seats, sound control fabrics, and many more. Polymer materials are best for flexible, innovative, and unique design, resulting in comfortable, stylish, scratch-resistant, and long-lasting interior components.
The elastomers segment is expected to register a fast revenue growth rate during the forecast period due to increasing use of elastomers in EV components to lighter vehicle weight and overall fuel efficiency. Elastomers are used as a substitute for flexible Polyvinyl Chloride (PVC) and vulcanized rubber to reduce vehicle weight, which in turn, lower CO2 gas emissions, improves fuel efficiency, as well as achieve better recyclability for environmental sustainability.
The Hybrid Electric Vehicle (HEV) segment revenue is expected to register a steady growth rate during the forecast period due to rising popularity of this vehicle among users owing to its capability to run in both electric motor and conventional engines. The electric engine powers vehicle at slower speeds, while gas engine powers it at faster speeds.
Emergen Research has segmented the global EV (Car) polymers market based on type, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Engineering Plastics
- Acrylonitrile Butadiene Styrene (ABS)
- Exterior
- Lighting
- Instrumental Panel
- Bumper
- Door Handles
- Others
- Interior
- Dashboard
- Seating
- Interior Trim
- Others
- Powertrain
- Hv Housing
- Bubar Holder
- Hv Fuse Box
- Charging Inlet
- Battery
- Disconnect Unit
- Junction Box
- Battery Management Systems
- Module Housing
- Breaks & Switches
- Polyamide
- Exterior
- Lighting
- Instrumental Panel
- Bumper
- Door Handles
- Others
- Interior
- Dashboard
- Seating
- Interior Trim
- Others
- Powertrain
- Hv Housing
- Bubar Holder
- Hv Fuse Box
- Charging Inlet
- Battery
- Disconnect Unit
- Junction Box
- Battery Management Systems
- Module Housing
- Breaks & Switches
- Polycarbonate
- Exterior
- Lighting
- Instrumental Panel
- Bumper
- Door Handles
- Panaromic Roofs
- Others
- Interior
- Dashboard
- Seating
- Interior Trim
- Others
- Powertrain
- Hv Housing
- Bubar Holder
- Hv Fuse Box
- Charging Inlet
- Battery
- Disconnect Unit
- Junction Box
- Battery Management Systems
- Module Housing
- Others
- Polyphenylene Sulfide (PPS)
-
- Exterior
- Interior
- Powertrain
- Battery
- Polyurethane
- Exterior
- Lighting
- Instrumental Panel
- Bumper
- Under The Hood
- Others
- Interior
- Dashboard
- Seating
- Interior Trim
- Others
- Powertrain
- Battery
- Exterior
- Polypropylene
- Exterior
- Lighting
- Instrumental Panel
- Bumper
- Doors and Handles
- Others
- Interior
- Dashboard
- Seating
- Interior Trim
- Others
- Powertrain
- Battery
- Exterior
- Fluoropolymer
- Exterior
- Interior
- Powertrain
- Battery
- Thermoplastic Polyester
- Exterior
- Interior
- Powertrain
- Battery
- Others
- Exterior
- Interior
- Powertrain
- Battery
- Elastomers
- Synthetic Rubber
- Natural Rubber
- Fluoroelastomer
- Silicone Elastomer
- Others
- End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Hybrid Electric Vehicles (HEV)
- Plug-In Hybrid Electric Vehicles (PHEV)
- Battery Electric Vehicles (BEV)
- Fuel Cell Electric Vehicle (FCEV)
-
- Exterior
- Exterior
- Exterior
- Acrylonitrile Butadiene Styrene (ABS)
- Engineering Plastics
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Benefits of Buying the Global Electric Vehicle Car Polymers Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Electric Vehicle Car Polymers Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Electric Vehicle Car Polymers Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Electric Vehicle Car Polymers Market
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