Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Electric Vehicle (Car) Polymers Market Outlook

The global electric vehicle (car) polymers market was valued at nearly USD 19.19 billion in 2023 and is expected to grow at a CAGR of 61% during the forecast period of 2024-2032 to attain USD 1,395.06 billion by 2032.

Global Electric Vehicle (Car) Polymers Market

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Market Segmentation

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.

Electric Vehicle (Car) Polymers Market by Component

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Based on the components, the market is divided into:

  • Exterior
  • Interior
  • Powertrain System

Based on types, the market is divided into:

  • Elastomers
    • Natural Rubber
    • Silicone Elastomer
    • Synthetic Rubber
    • Fluoroelastomer
  • Engineering Plastics
    • Polypropylene
    • Polyphenylene Sulphide (PPS)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Fluoropolymer
    • Polyurethane
    • Thermoplastic Polyester
    • Polycarbonate
    • Polyamide
    • Others

The EMR report looks into the regional markets of electric vehicle (car) polymers like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Electric Vehicle (Car) Polymers Market by Region

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Market Analysis

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.

Competitive Landscape

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:

  • DuPont de Nemours, Inc. (NYSE: DD)
  • ARLANXEO Holding B.V. 
  • LyondellBasell Industries Holdings N.V. 
  • Covestro AG 
  • LANXESS
  • Others

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Type
  • Region
Breakup by Component
  • Exterior
  • Interior
  • Powertrain System
Breakup by Type
  • Elastomers
  • Engineering Plastics
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • DuPont de Nemours, Inc. (NYSE: DD)
  • LyondellBasell Industries Holdings B.V.
  • Covestro AG
  • LANXESS
  • ARLANXEO Holding B.V.
  • Others
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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global electric vehicle (car) polymers market reached a value of USD 19.19 billion in 2023.

The market is projected to grow at a CAGR of nearly 61% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 1,395.06 billion by 2032.

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.

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