GLOBAL ELECTRIC VEHICLE PLASTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global Electric Vehicle Plastics Market, By Resin (Polypropylene (PP), Polyamide (PA), Polycarbonate (PC), Polyethylene (PE), Polyurethane (PU), Polyvinyl Chloride (PVC) Polyvinyl Butyral (PVB), Polybutylene Terephthalate (PBT), Acrylonitrile Butadiene Styrene (ABS)a, Polyethylene Terephthalate (PET), Others, By Application (Interior, Exterior, Powertrain System/Under Bonnet, Lighting & Electric Wiring), By Components (Steering & Dashboards, Car Upholstery, Bumper, Door Assembly, Exterior Trim, Interior Trim, Connector and Cables, Battery, Lighting, El, By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).ectric Wiring, Others), By Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)/ Plug-in Hybrid Vehicle (PHEV)), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
North America- North America is poised to grow with a significant 18.2% CAGR over the forecast period. The region is home to some of the largest automakers in the world with a strong presence in electric vehicles. Automakers in the U.S. like Tesla, GM and Ford have led the development of EVs over the past decade and have also established local supply chains for EV components.
Europe- It is expected to account for a substantial proportion of the market share of 15.7% in 2024. Chemical companies in Europe are manufacturing plastics for EVs on a large scale. Tax exemption, subsidies, and supportive policies are boosting regional market growth.
Asia Pacific- Asia Pacific has emerged as the dominant regional market for Electric Vehicle plastics globally, garnering a market share of 55.2% in 2024. China in particular is aggressively pushing the adoption of electric vehicles through supportive policies. Several Chinese automakers like BYD and Nio have emerged as formidable competitors in the market. This has created robust demand for EV components within the country and Asia as a whole.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa
U.S.: 
U.K. : 
India : 