The global electric vehicle (car) polymers market was valued at nearly USD 19.19 Billion in 2024 and is expected to grow at a CAGR of 61.00% during the forecast period of 2025-2034 to attain USD 2245.61 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
61%
Value in USD Billion
2025-2034
Electric Vehicle (Car) Polymers Market Outlook
*this image is indicative*
Electric vehicle polymers are the polymers used to reduce the weight of electric cars without affecting the car’s performance. The market can be broadly categorised based on components and types.
Market Breakup by Component
Market Breakup by Type
Market Breakup by Region
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Factors such as the rising demand for electric vehicles from the Asia Pacific’s emerging economies, the rapid rise in government regulations, and the rising infrastructure development are driving the market growth. Also, the growing demand for the adoption of new electrical car components serves as a significant market growth opportunity. However, the rising polymer prices might hinder the overall development of the electric vehicle (car) polymers industry.
The report presents a detailed analysis of the following key players in the global electric vehicle (car) polymers industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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The global electric vehicle (car) polymers market reached a value of USD 19.19 Billion in 2024.
The market is projected to grow at a CAGR of nearly 61.00% in the forecast period of 2025-2034.
The market is estimated to reach a value of about USD 2245.61 Billion by 2034.
The major drivers of the market include the rising disposable incomes, increasing population, rising demand for electric vehicles from emerging economies, and growing demand for the adoption of new electrical car components.
The rapid rise in government regulations supporting the adoption of electric vehicles is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading components of the product include exterior, interior, and powertrain system.
The significant types of the product in the global electric vehicle (car) polymers market are elastomers and engineering plastics.
The leading players in the market are DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Covestro AG, LANXESS, and ARLANXEO Holding B.V., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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