The global market for electric vehicle plastics is projected to have considerable CAGR of around 27.5% during the forecast period. The major factors that propels the electric vehicle plastics market include growing demand of light weight plastics in electric vehicle, growing demand of electric vehicle, and others. Lightweight plastics play a significant role in the electric vehicle industry. The application various plastics type such as ABS, and others are likely to increase significantly over the decade owing to the fact that even a 10% reduction in vehicle weight yields 6.5% reduction in fuel consumption. Owing to this, application of plastic components in the electric vehicle industry has been growing over the last decades. The plastics are used mainly to make cars more energy efficient by reducing weight, together with providing durability, corrosion resistance, toughness, design flexibility, resiliency and high performance at low cost.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/electric-vehicle-plastics-market
Segmental Outlook
The global electric vehicle plastics market is segmented based on plastics type and vehicle type. Based on the plastic type, the market is further classified into polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polyurethane (PU), polymethylmethacrylate (PMMA), and others (Polypropylene). On the basis of vehicle type the market is further segregated into hybrid electric vehicles (HEVs), battery electric vehicle (BEV), and plug-in hybrid electric vehicles (PHEVs). The BEV segment is projected to have significant share due to government initiatives for the adoption of electric car across the globe.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/electric-vehicle-plastics-market
Global Electric Vehicle Plastics Market Share by Plastic Type, 2019(%)

Global Electric Vehicle Plastics Market to be driven by ABS
Among plastic type, the ABS segment held a considerable share in the market owing to the significant application in electric industry owing to light weight and other benefits. The ABS material is specialized for reliable fuse deposition modelling without carbonization in the print nozzle. In addition, the added Carbon in ABS-ESD7 increases its strength and stiffness by about 10% to enhance its electrical conductivity. The features of styrene-based materials include simplicity of production, durability, high performance, and flexibility of design. They can provide excellent hygiene, sanitation, and safety benefits. These products provide good insulation qualities, making complete use of natural resources and the ability to be recycled where collection systems are made available. Due to these properties the application of ABS components in the electric vehicle industry has been increasing over the last decades.
Regional Outlook
Geographically, the global electric vehicle plastics market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to hold significant growth in the global electric vehicle plastics market. California and US states that have adopted zero-emissions vehicle (ZEV) mandates and/or have stated an intention to continue to improve vehicle fuel economy. Other parts of the United States are slower to adopt electric vehicle, bringing the overall electric vehicle sales share to 8% of the US vehicle market in 2030. Therefore the growing adoption of electric vehicle further projected the market growth.
Market Segmentation
• Global Electric Vehicle Plastics Market by Plastic Type
• Polyvinyl Chloride (PVC)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamide (PA)
• Polycarbonate (PC)
• Polyurethane (PU)
• Polyamide (PA)
• Polymethylmethacrylate (PMMA)
• Others (Polypropylene)
• Global Electric Vehicle Plastics Market by Vehicle Type
• Hybrid Electric Vehicles (HEVs)
• Battery Electric Vehicle(BEV)
• Plug-In Hybrid Electric Vehicles (PHEVs)
Regional Analysis
• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Asahi Kasei Corp.
• Arkema Group
• AGC Chemicals
• BASF SE
• Covestro AG
• Celanese Corp.
• DuPont de Nemours, Inc.
• Evonik Industries AG
• EMS Group
• Formosa Plastics Corp.
• INEOS AG
• Mitsui Chemicals, Inc.
• Mitsubishi Chemical Corp.
• LyondellBasell Industries Holdings B.V.
• LANXESS
• LG Chem
• SABIC
• Solvay SA
• Sumitomo Chemical Co., Ltd.
• UBE INDUSTRIES, LTD.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-vehicle-plastics-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404