The North American electric vehicle plastics market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the increasing demand for lightweight vehicles in the automotive industry. The plastics are widely used to make electric vehicles more energy efficient by reducing weight, together with providing durability through high-performance plastics. Moreover, the rise in the adoption of the electric vehicle coupled with plastic industries in the region further offers ample growth opportunities to the electric vehicle plastics market.
The North American market for electric vehicle plastics is segregated on the basis of plastic-type and vehicle type. Based on the plastic-type, the market is further classified into polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polyurethane (PU), polymethylmethacrylate (PMMA), and others (Polypropylene). The ABS segment is projected to have a considerable share owing to the growing application in various components such as interior in electric vehicles. Based on the vehicle type, the market is further segmented into hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs). The BEV segment is estimated to have a considerable share in the market. Further, based on geography, the market is segregated into the US and Canada. Among, geography the US is projected to have the largest share in the market.
The companies which are contributing to the growth of the North American electric vehicle plastics market include BASF SE, Mitsubishi Chemical Corp., DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Solvay SA, LG Chem Ltd., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the North American electric vehicle plastics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to reports.
Secondary Sources Include
The report is intended for plastics manufacturers, electric vehicle manufacturers, automotive companies, auto-ancillaries, start-ups, seed funders, venture capitalists, and other end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. North American Electric Vehicle Plastics Market by Plastic Type
5.1.1. Polyvinyl Chloride (PVC)
5.1.2. Acrylonitrile Butadiene Styrene (ABS)
5.1.3. Polyamide (PA)
5.1.4. Polycarbonate (PC)
5.1.5. Polyurethane (PU)
5.1.6. Polyamide (PA)
5.1.7. Polymethylmethacrylate (PMMA)
5.1.8. Others (Polypropylene)
5.2. North American Electric Vehicle Plastics Market by Vehicle Type
5.2.1. Hybrid Electric Vehicles (HEVs)
5.2.2. Battery Electric Vehicle (BEV)
5.2.3. Plug-In Hybrid Electric Vehicles (PHEVs)
6. Regional Analysis
6.1. United States
6.2. Canada
7. Company Profiles
7.1. Arkema Group
7.2. AGC Chemicals
7.3. BASF SE
7.4. Celanese Corp.
7.5. DuPont de Nemours, Inc.
7.6. Evonik Industries AG
7.7. Formosa Plastics Corp.
7.8. INEOS AG
7.9. Mitsubishi Chemical Corp.
7.10. LyondellBasell Industries Holdings B.V.
7.11. LG Chem Ltd.
7.12. SABIC
7.13. Solvay SA
1. NORTH AMERICAN PVC FOR ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
2. NORTH AMERICAN PVC FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
3. NORTH AMERICAN ABS FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
4. NORTH AMERICAN PA FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
5. NORTH AMERICAN PC FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
6. NORTH AMERICAN PU FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
7. NORTH AMERICAN PMMA FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
8. NORTH AMERICAN OTHER PLASTICS FOR ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
9. NORTH AMERICAN OTHER ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
10. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
11. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS IN HEV MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
12. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS IN BEV MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
13. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS IN PHEV MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
14. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. US ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
16. US ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
17. CANADA ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2019-2026 ($ MILLION)
18. CANADA ELECTRIC VEHICLE PLASTICS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
1. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET SHARE BY PLASTIC TYPE, 2019 VS 2026 (%)
2. NORTH AMERICAN ELECTRIC VEHICLE PLASTICS MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
3. US ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)
4. CANADA ELECTRIC VEHICLE PLASTICS MARKET SIZE, 2019-2026 ($ MILLION)