Global Electric Vehicle Plastics Industry

Global Electric Vehicle Plastics Industry

  • April 2021 •
  • 185 pages •
  • Report ID: 5798461 •
  • Format: PDF
Abstract:
- Global Electric Vehicle Plastics Market to Reach $3.8 Billion by 2027
- Amid the COVID-19 crisis, the global market for Electric Vehicle Plastics estimated at US$891 Million in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at a CAGR of 22.9% over the analysis period 2020-2027. Interior, one of the segments analyzed in the report, is projected to record a 25.6% CAGR and reach US$2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Exterior segment is readjusted to a revised 20.5% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $239.4 Million, While China is Forecast to Grow at 29% CAGR
- The Electric Vehicle Plastics market in the U.S. is estimated at US$239.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$936.9 Million by the year 2027 trailing a CAGR of 29% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 21.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.7% CAGR.
- Other Applications Segment to Record 19.4% CAGR
- In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 18.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$123.6 Million in the year 2020 will reach a projected size of US$409.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$561.4 Million by the year 2027, while Latin America will expand at a 20.7% CAGR through the analysis period.

- Select Competitors (Total 44 Featured) -
  • Akzo Nobel NV
  • BASF SE
  • Compagnie Plastic Omnium
  • DowDupont Inc.
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Ineos Capital Limited
  • LyondellBasell Industries NV
  • SABIC (Saudi Basic Industries Corporation)