The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026.
Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughness, and insulating properties. Replacement of metal with the polymer can decrease the weight of the vehicle and can provide high power to weight ratio, which can result in better performance of the vehicle. Furthermore, the use of polymers in the interior of an electric vehicle can reduce vibrations, noise and harshness levels while in running state. Electric vehicle polymers are available in various types including engineering plastic such as ABS, polyamide, polycarbonate, PPS, polyurethane, polypropylene, fluoropolymer, and thermoplastic polyester, and elastomers like synthetic rubber, natural rubber, fluoroelastomer, silicone elastomer, thermoplastic olefin, styrenic block copolymer, thermoplastic polyurethane, thermoplastic vulcanizate, thermoplastic copolyester, and polyether block amide.
Market Dynamics
The global electric vehicle polymers market is experiencing a high growth over the forecast period owing to increasing manufacturing and sales of electric cars across the globe. The increasing focus on reducing the weight of electric cars, which can eventually increase the performance of the vehicle, is driving the market growth. Favorable government regulations and investment in the development of charging infrastructure is boosting the market value. In addition to these, the advantages associated with the polymers such as weight reduction which helps in getting better mileage or better fuel efficiency are further bolstering the market growth.
On the flip side, the high price associated with electric vehicle Polymers is likely to hamper the market growth. Whereas, rising adoption of polymers in new components of electric cars by manufacturers is expected to create potential demand over the forecast period.
The engineering plastic-type polymers are projected to experience the highest growth over the forecast period. The availability of various types of engineering plastics in the market such as acrylonitrile butadiene styrene (ABS), polyamide, polycarbonate, polyphenylene sulfide (PPS), polyurethane, polypropylene, fluoropolymer, and thermoplastic polyester, among others are contributing to the growth of the segment. The goal of achieving a lightweight vehicle can be efficiently fulfilled by substituting metals with engineering plastics is an important factor favoring the growth of the segment.
The use of polymers in interiors of the vehicle is expected to experience the largest growth over the forecast period. The accidental risk and safety issues associated with the interior of the vehicle can cut down with the use of polymers is an important factor accelerating the growth of the segment. The increasing use of polymers by the manufacturer for reducing the overall weight of the electric vehicle is another factor stimulating the growth of the segment.
The passenger electric vehicles are projected to exhibit the highest growth over the forecast period. The increasing governmental support in terms of favorable rules and regulations for decreasing global warming is driving the segment growth. In addition, the increasing focus of leading manufacturers on the production of long-range electric cars is further stimulating the segment growth. Furthermore, Tesla launched a fully electric model Y in 2019, which can carry seven passengers and their cargo at the same time. The vehicle has two independent electric motors that control the torque of the rear and front wheels.
The market research study on “Electric Vehicle Polymers Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers detailed insights on the global Electric Vehicle Polymers market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global Electric Vehicle Polymers market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Electric Vehicle Polymers market size, and segment markets by type, component, application, and geography along with the information on companies operating in the market. The electric vehicle polymers market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size for different segments have been covered under the scope of the report.
From the aforementioned region, Asia Pacific is projected to be the fastest-growing region over the forecast period. The increasing production of electric vehicles in major economies of the region including China and Japan is propelling the demand for electric vehicles polymer in the region. The increasing concerns for the reduction of carbon footprints, which are increasing by the use of an internal combustion engine, are boosting the regional market growth. The increasing government support in the region is propelling the demand for electric vehicle polymers in the market.
The players profiled in the report include DowDuPont (US), BASF (Germany), Celanese (US), Covestro (Germany), SABIC (Saudi Arabia), LANXESS (Germany), Solvay (Belgium), Asahi Kasei (Japan), LG Chem (South Korea), Mitsui Chemicals (Japan), and Evonik Industries (Germany). The leading players are involved in mergers and acquisitions, partnerships and new product development for the expansion of market share over the forecast period.
Market Segmentation
Market By Type
- Engineering Plastics
- Elastomers
- Others
Market By Component
- Powertrain System
- Exterior
- Interior
- Others
Market By Application
- Passenger Electric Vehicles
- Commercial Electric Vehicles
Market By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Electric Vehicle Polymers
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Electric Vehicle Polymers Market By Type
1.2.2.1. Global Electric Vehicle Polymers Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.2.2. Global Electric Vehicle Polymers Market Revenue Share By Type in 2018
1.2.2.3. Engineering Plastics
1.2.2.4. Elastomers
1.2.2.5. Others
1.2.3. Electric Vehicle Polymers Market By Component
1.2.3.1. Global Electric Vehicle Polymers Market Revenue and Growth Rate Comparison By Component (2015-2026)
1.2.3.2. Powertrain System
1.2.3.3. Exterior
1.2.3.4. Interior
1.2.3.5. Others
1.2.4. Electric Vehicle Polymers Market By Application
1.2.4.1. Global Electric Vehicle Polymers Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Passenger Electric Vehicles
1.2.4.3. Commercial Electric Vehicles
1.2.5. Electric Vehicle Polymers Market By Geography
1.2.5.1. Global Electric Vehicle Polymers Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North America Electric Vehicle Polymers Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Electric Vehicle Polymers Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Electric Vehicle Polymers Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Electric Vehicle Polymers Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Electric Vehicle Polymers Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Electric Vehicle Polymers Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Electric Vehicle Polymers Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Electric Vehicle Polymers Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Electric Vehicle Polymers Major Manufacturers in 2018
CHAPTER 4. Electric Vehicle Polymers MARKET BY TYPE
4.1. Global Electric Vehicle Polymers Revenue By Type
4.2. Engineering Plastics
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Elastomers
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Others
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. Electric Vehicle Polymers MARKET BY COMPONENT
5.1. Global Electric Vehicle Polymers Revenue By Component
5.2. Powertrain System
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Exterior
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Interior
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. Electric Vehicle Polymers MARKET BY APPLICATION
6.1. Global Electric Vehicle Polymers Revenue By Type
6.2. Passenger Electric Vehicles
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Commercial Electric Vehicles
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA Electric Vehicle Polymers MARKET BY COUNTRY
7.1. North America Electric Vehicle Polymers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Electric Vehicle Polymers Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Electric Vehicle Polymers Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE Electric Vehicle Polymers MARKET BY COUNTRY
8.1. Europe Electric Vehicle Polymers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Electric Vehicle Polymers Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC Electric Vehicle Polymers MARKET BY COUNTRY
9.1. Asia-Pacific Electric Vehicle Polymers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Electric Vehicle Polymers Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA Electric Vehicle Polymers MARKET BY COUNTRY
10.1. Latin America Electric Vehicle Polymers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Electric Vehicle Polymers Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA Electric Vehicle Polymers MARKET BY COUNTRY
11.1. Middle East & AFRICA Electric Vehicle Polymers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICA Electric Vehicle Polymers Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. DowDuPont (US)
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. BASF (Germany)
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Celanese (US)
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Covestro (Germany)
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. SABIC (Saudi Arabia)
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. LANXESS (Germany)
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Solvay (Belgium)
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Asahi Kasei (Japan)
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. LG Chem (South Korea)
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
