The European electric vehicle plastics market is estimated to rise at a lucrative CAGR during the forecast period. In the near future, the EV plastic market in Europe will be benefited from extensive demand from the automotive industry owing to the growing sales of electric vehicles in the region. In Europe, Norway, Germany, UK, and France have observed remarkable electric vehicle sales in recent years. In 2016, new electric car sales (BEV and PHEV) in Norway were 44,900 which increased to 72,700 in 2018. Further, the sales after the COVID-19 pandemic is still showcasing a positive market for the EV in Europe.
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The European 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 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 with a significant growth rate during the forecast period in the region. Based on geography, the European electric vehicle plastics market is further segregated into UK, Germany, France, Spain, Italy, and the Rest of Europe. Among, geography Germany is projected to have a considerable share in the European electric vehicle plastics 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
European 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)
European Electric Vehicle Plastics Market by Vehicle Type
- Hybrid Electric Vehicles (HEVs)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicles (PHEVs)
Regional Analysis
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
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 European 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 European electric vehicle plastics industry.
- Insights about market determinants that are stimulating the European 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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