The North American electric vehicle plastics market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the increasing demand for lightweight vehicles in the automotive industry. The plastics are widely used to make electric vehicles more energy efficient by reducing weight, together with providing durability through high-performance plastics. Moreover, the rise in the adoption of the electric vehicle coupled with plastic industries in the region further offers ample growth opportunities to the electric vehicle plastics market.
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The North American market for electric vehicle plastics is segregated on the basis of plastic-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). The ABS segment is projected to have a considerable share owing to the growing application in various components such as interior in electric vehicles. Based on the vehicle type, the market is further segmented into hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs). The BEV segment is estimated to have a considerable share in the market. Further, based on geography, the market is segregated into the US and Canada. Among, geography the US is projected to have the largest share in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North American 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)
North American Electric Vehicle Plastics Market by Vehicle Type
- Hybrid Electric Vehicles (HEVs)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicles (PHEVs)
Regional Analysis
- United States
- Canada
Company Profiles
- Arkema Group
- AGC Chemicals
- BASF SE
- Celanese Corp.
- DuPont de Nemours, Inc.
- Evonik Industries AG
- Formosa Plastics Corp.
- INEOS AG
- Mitsubishi Chemical Corp.
- LyondellBasell Industries Holdings B.V.
- LG Chem Ltd.
- SABIC
- Solvay SA
The Report Covers
- Comprehensive research methodology of the North American electric vehicle plastics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American electric vehicle plastics industry
- Insights about market determinants that are stimulating the North American electric vehicle plastics market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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