The UK electric vehicle plastics market is estimated to grow significantly during the forecast period. The country already has a well-developed plastic industry that offers customized required solutions to the EV industry in Europe as well as globally. A wide range of reprocessing technologies and equipment are being examined due to cohesive government regulations. As per the International Trade Association, around 7.0% of manufacturing activities in the country account for the plastic industry each year. More than 6,200 firms are engaged in the plastic industry in the country. It includes producers of plastics raw materials, and additives, and the end-user industry. One of the major restraints to the market is the exit of Britain from the European Union, which is resulting in unstable economic conditions in the country.
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The UK 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). Based on the vehicle type, the UK electric vehicle plastics 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.
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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
UK 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)
UK Electric Vehicle Plastics Market by Vehicle Type
- Hybrid Electric Vehicles (HEVs)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicles (PHEVs)
Company Profiles
- Arkema Group
- BASF SE
- Covestro AG
- Evonik Industries AG
- INEOS AG
- Mitsubishi Chemical Corp.
- LyondellBasell Industries Holdings B.V.
- LANXESS AG
- LG Chem Ltd.
- SABIC
- Solvay SA
The Report Covers
- Comprehensive research methodology of the UK 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 UK electric vehicle plastics industry.
- Insights about market determinants that are stimulating the UK 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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