Lucintel anticipates that Asia Pacific will be the fastest growing region in the electric vehicle plastics market

   September 26, 2019
According to a market report by Lucintel, the future of the electric vehicle plastics market looks promising with opportunities in the hybrid, plug-in-hybrid, and battery electric vehicle markets. The electric vehicle plastics market is expected to grow with a CAGR of 28% from 2019 to 2024. The major drivers for this market are growing demand for electric vehicles and increasing demand for lightweight materials to reduce vehicle weight in response to stringent government regulations on fuel economy.

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Within the electric vehicle plastics market, hybrid, plug-in-hybrid, and battery electric vehicle are the major end use industries. Battery electric vehicle is the largest end use segment for electric vehicle plastics.

Asia Pacific will remain the largest region over the forecast period due to higher production and sales of electric vehicles, and gradually the increasing plastic content per vehicle, which increases the demand for electric vehicle plastics market.

BASF SE, The DOW Chemical Company, INEOS Capital Limited, Sabic, Lyondellbasell Industries Holdings, E.I. Du Pont De, Nemours and Company, Akzo Nobel, Exxon Mobil, Evonik Industries, and Plastic Omnium are among the major suppliers of plastics.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the electric vehicle plastics market by material, by application, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Electric Vehicle Plastics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the electric vehicle plastics market by material, by application, by end use, and by region as follows:

By Material [$M shipment analysis for 2013 – 2024]

  • Polypropylene

  • Polyurethane

  • Polyamide

  • PVC

  • ABS

  • Polycarbonates

  • Polyethylene

  • PMMA

  • Other Plastics

By Application [$M shipment analysis for 2013 – 2024]

  • Interior

  • Exterior

  • Lighting & Electric Wiring

  • Under the hood

By End Use [$M shipment analysis for 2013 – 2024]

  • Battery Electric Vehicle (BEV)

  • Hybrid Electric Vehicle (HEV)

  • Plug in Hybrid Electric Vehicle (PHEV)

By Region [$M shipment analysis for 2013 – 2024]

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • France

    • United Kingdom

    • Italy

  • Asia Pacific

    • Japan

    • India

    • South Korea

    • Indonesia

    • Turkey

    • China

  • The Rest of the World

    • Brazil

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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