EUROPE ELECTRIC VEHICLE PLASTICS MARKET 2022-2028

Chemicals & Materials | Plastic

EUROPE ELECTRIC VEHICLE PLASTICS MARKET 2022-2028

Market by Electric Vehicle Type, Component, Plastic Type, and Country Outlook | Forecast 2022-2028

Request For Customization

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

A study by Triton on Europe’s electric vehicle plastics market shows that the market will develop with a CAGR of 30.73% in the forecast duration 2022-2028.


 Report scope can be customized per your requirements. Request For Customization

The countries studied in this market include:

         Spain

         Norway

         Germany

         Italy

         France

         The Netherlands

         The United Kingdom

         Rest of Europe

Europe is the first region to adopt electric vehicles and has immensely supportive government policies for the growth of the EV market. The tax exemption and subsidies are also largely boosting the EV market here. Besides, European chemical companies are manufacturing plastic for electric vehicles on a large scale. Germany is leading the process of manufacturing and supplying plastic to car manufacturers across the world. All these factors are favorable for the studied market’s growth.

The electric vehicle plastics market in the UK is estimated to progress significantly over the forecasted period. The nation already has a well-developed plastic industry that offers customized solutions to the electric vehicle industry in Europe as well as across the world. Also, a broad range of reprocessing technologies and equipment are under examination owing to cohesive government regulations. According to data from the International Trade Association, nearly 7.0% of manufacturing activities in the United Kingdom account for the plastic industry each year. Also, over 6,200 firms are present in the country’s plastic industry. All these factors are expected to boost the adoption of plastics in electric vehicles, thereby aiding the market growth. 

The Norwegian government is looking to reduce GHG emissions from road traffic. It has therefore turned its focus on electric vehicles. Through a combination of financial incentives, public awareness campaigns, and advanced research, there has been a breakthrough. As a result, presently, there are nearly 70,000 EVs on the road in the country and 20% of the new vehicles are completely electric.

With outstanding toughness, heat resistance, flexibility, and abrasion resistance, polyurethane (PU) can transform into very soft or hard forms. Its exceptional resistance to radiation, solvents, and weather make it well-suited for everything, from tires to suspension bushings to seating. Polyurethanes play a vital role in preserving the planet’s natural resources and save energy sustainably. Durable polyurethane coatings ensure that the shelf life of several products is extended much beyond what would be achieved without coating.

Thanks to PUs, automakers can design their cars more attractively and build lighter frames that reduce fuel consumption and emissions. The studied report assesses the market’s growth based on electric vehicle type, component, and plastic type. Here, the plastic type segment comprises polyurethane (PU), polyamide (PA), acrylonitrile butadiene styrene (ABS), polypropylene (PP), polycarbonate (PC), and other EV plastics.

Leading companies considered in the electric vehicle plastics market include LyondellBasell Industries NV, Asahi Kasei Corp., Lanxess Corporation, Covestro AG, Hanwha Azdel Inc, Sumimoto Chemical Co Ltd, and Ineos Capital Ltd.

Ineos Capital Ltd is a company manufacturing petrochemicals, specialty chemicals, and oil & gas. It operates through a chain of businesses producing raw materials for manufacturing modern plastics, biofuels, synthetic oils, chlorine, solvents, insulation materials for offices, houses, electrical & telecommunications cables, etc. Founded in 1998, Ineos Capital employs over 26,000 people. The UK-based company is headquartered in Knightsbridge, London.

In January 2022, WL Plastics Corporation, a part of the Ineos Group, announced completing the acquisition of US-based Charter Plastics’ polyethylene pipe extrusion assets. This acquisition has provided the company an opportunity to further diversify its product offerings, grow its customer base, and enter new regional markets.

 

Key deliverables of the report: 

·        Market CAGR during the forecasting years 2022-2028

·        Detailed data highlighting key insights, industry components, and market strategies

·      Comprehensive information and estimation of the electric vehicle plastics market revenue growth in Europe and its influence on the parent market 

·        In-depth study of forthcoming trends in consumer behavioral patterns 

·        A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

·      A wide-ranging study of factors that will challenge the Europe electric vehicle plastics market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

Related Reports

ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET 2019-2027
Chemicals & Materials

ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET 2019-2027

Market Segmented By Type, Appl ..

VIEW REPORT
ASIA PACIFIC DEFOAMERS MARKET 2019-2027
Chemicals & Materials

ASIA PACIFIC DEFOAMERS MARKET 2019-2027

Market By Products, Applicatio ..

VIEW REPORT
ASIA-PACIFIC  POLYLACTIC ACID MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC POLYLACTIC ACID MARKET 2019-2028

Market By Raw Material, End-us ..

VIEW REPORT
ASIA-PACIFIC ACTIVATED CARBON MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC ACTIVATED CARBON MARKET 2019-2028

Market by Type, Raw Material, ..

VIEW REPORT
ASIA-PACIFIC ADHESIVES MARKET 2021-2028
Chemicals & Materials

ASIA-PACIFIC ADHESIVES MARKET 2021-2028

Market by Technology, Type, En ..

VIEW REPORT
ASIA-PACIFIC ADVANCED GLASS MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC ADVANCED GLASS MARKET 2019-2028

Market by Function, Product Ty ..

VIEW REPORT
ASIA-PACIFIC AESTHETIC FILLER MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC AESTHETIC FILLER MARKET 2019-2028

Market by Product Type, Applic ..

VIEW REPORT
ASIA-PACIFIC ASEPTIC PACKAGING MARKET 2021-2028
Chemicals & Materials

ASIA-PACIFIC ASEPTIC PACKAGING MARKET 2021-2028

Market by Type, Material, Indu ..

VIEW REPORT

Table of Content

1. EUROPE ELECTRIC VEHICLE PLASTICS MARKET – SUMMARY      

2. INDUSTRY OUTLOOK 

2.1. IMPACT OF COVID-19 ON THE ELECTRIC VEHICLE PLASTICS INDUSTRY 

2.2. EVOLUTION & TRANSITION OF ELECTRIC VEHICLE PLASTICS        

2.3. KEY INSIGHTS    

2.3.1. USAGE OF ANTI-MICROBIAL PLASTICS/ADDITIVES IN ELECTRIC VEHICLES         

2.3.2. USE OF BIOPLASTIC IN ELECTRIC VEHICLES        

2.3.3. INCREASE IN ELECTRIC BUS & HEAVY-DUTY TRUCK (HDT) REGISTRATION IN 2020     

2.4. PORTER’S FIVE FORCES ANALYSIS 

2.4.1. THREAT OF NEW ENTRANTS    

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF BUYERS      

2.4.4. BARGAINING POWER OF SUPPLIERS 

2.4.5. THREAT OF COMPETITIVE RIVALRY   

2.5. KEY IMPACT ANALYSIS

2.5.1. SUPERIOR TECHNOLOGY        

2.5.2. APPLICATION        

2.5.3. EFFICIENCY

2.5.4. COST-EFFECTIVENESS   

2.6. MARKET ATTRACTIVENESS INDEX  

2.7. VENDOR SCORECARD  

2.8. INDUSTRY COMPONENTS      

2.9. REGULATORY FRAMEWORK

2.10. KEY MARKET STRATEGIES  

2.10.1. ACQUISITIONS    

2.10.2. PRODUCT DEVELOPMENTS    

2.10.3. BUSINESS EXPANSIONS         

2.11. MARKET DRIVERS      

2.11.1. INCREASING SIGNIFICANCE OF HIGH-PERFORMANCE PLASTIC TO ASSURE SAFETY AND SECURITY         

2.11.2. EMPHASIS ON ELECTRIC VEHICLE LIGHTWEIGHTING  

2.12. MARKET CHALLENGES         

2.12.1. SLOW ADOPTION OF ELECTRIC VEHICLES

2.12.2. ELECTRIC VEHICLE PLASTIC RECYCLING ISSUES        

2.13. MARKET OPPORTUNITIES    

2.13.1. ENHANCED POPULARITY OF ELECTRIC MICROMOBILITY DUE TO THE PANDEMIC

2.13.2. SPENDING ON ELECTRIC VEHICLES BY BOTH CONSUMERS & GOVERNMENT ON THE RISE   

2.13.3. STRINGENT EMISSION STANDARDS TO DRIVE ELECTRIFICATION   

3. EUROPE ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY ELECTRIC VEHICLE TYPE   

3.1. BEV 

3.2. HEV/PHEV

4. EUROPE ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY COMPONENT   

4.1. POWERTRAIN     

4.2. EXTERNAL

4.3. INTERNAL 

5. EUROPE ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY PLASTIC TYPE 

5.1. POLYURETHANE (PU)   

5.2. POLYAMIDE (PA) 

5.3. ACRYLONITRILE BUTADIENE STYRENE (ABS)     

5.4. POLYPROPYLENE (PP) 

5.5. POLYCARBONATE (PC)

5.6. OTHER ELECTRIC VEHICLE PLASTIC TYPES       

6. EUROPE ELECTRIC VEHICLE PLASTICS MARKET – COUNTRY OUTLOOK                            

6.1. UNITED KINGDOM        

6.2. GERMANY 

6.3. FRANCE    

6.4. ITALY        

6.5. NORWAY   

6.6. NETHERLANDS   

6.7. SPAIN        

6.8. REST OF EUROPE                  

7. COMPETITIVE LANDSCAPE  

7.1. DUPONT              

7.2. DOW CHEMICAL COMPANY              

7.3. EVONIK INDUSTRIES              

7.4. INEOS CAPITAL LTD     

7.5. BASF SE              

7.6. PLASTIC OMNIUM                   

7.7. MITSUI CHEMICALS                

7.8. COVESTRO AG             

7.9. ASAHI KASEI CORP.     

7.10. LANXESS CORPORATION     

7.11. LYONDELLBASELL INDUSTRIES NV

7.12. SUMIMOTO CHEMICAL CO LTD                

7.13. MOMENTIVE PERFORMANCE MATERIALS

7.14. HANWHA AZDEL INC   

8. RESEARCH METHODOLOGY & SCOPE    

8.1. RESEARCH SCOPE & DELIVERABLES                  

8.2. SOURCES OF DATA                

8.3. RESEARCH METHODOLOGY             

List of Tables

TABLE 1: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF PRODUCT DEVELOPMENTS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY PLASTIC TYPE, 2022-2028 (IN $ MILLION)

TABLE 10: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PLASTIC USE IN ELECTRIC VEHICLES

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: MARKET ATTRACTIVENESS INDEX

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: RATIO OF PUBLIC CHARGERS PER EV STOCK, BY COUNTRY, 2020

FIGURE 6: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, ELECTRIC VEHICLE TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 7: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY BEV, 2022-2028 (IN $ MILLION)

FIGURE 8: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY HEV/PHEV, 2022-2028 (IN $ MILLION)

FIGURE 9: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 10: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY POWERTRAIN, 2022-2028 (IN $ MILLION)

FIGURE 11: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY EXTERNAL, 2022-2028 (IN $ MILLION)

FIGURE 12: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY INTERNAL, 2022-2028 (IN $ MILLION)

FIGURE 13: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, PLASTIC TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 14: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY POLYURETHANE, 2022-2028 (IN $ MILLION)

FIGURE 15: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY POLYAMIDE, 2022-2028 (IN $ MILLION)

FIGURE 16: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE, 2022-2028 (IN $ MILLION)

FIGURE 17: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY POLYPROPYLENE, 2022-2028 (IN $ MILLION)

FIGURE 18: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY POLYCARBONATE, 2022-2028 (IN $ MILLION)

FIGURE 19: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, BY OTHER ELECTRIC VEHICLE PLASTICS, 2022-2028 (IN $ MILLION)

FIGURE 20: EUROPE ELECTRIC VEHICLE PLASTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 21: UNITED KINGDOM ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: GERMANY ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: FRANCE ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: ITALY ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: NORWAY ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: NETHERLANDS ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: SPAIN ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: REST OF EUROPE ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying