NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET 2022-2028

Chemicals & Materials | Plastic

NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET 2022-2028

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

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Triton Market Research has concluded that the electric vehicle plastics market in North America would grow with a CAGR of 30.17% in the estimated period from 2022 to 2028.


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The countries scrutinized in this region include:

•         The United States

•         Canada

In North America, the demand for electric vehicle plastic has witnessed significant growth, due to favorable policies. Also, plastic manufacturers in the region are adopting new environmentally friendly technology, which has increased the use of plastics in these vehicles. These factors are propelling the growth of the EV plastics market.

In the United States, the sales of electric vehicles are well above the previous annual levels, with the federal government’s initiatives towards funding the development of EV charging infrastructure. Moreover, it has also passed laws favoring more provisions for zero-emission vehicles. Overall, the US is inching closer to its goals of completing 50% of all-electric and plug-in hybrid sales by 2030. These factors are anticipated to bolster the growth of the electric vehicle plastics market in the nation as well.

Canada is one of the leading countries in the world in terms of commercial vehicle production, with nearly 1.4 million vehicles manufactured in 2018. It also ranks sixth in the world in terms of heavy-duty electric vehicle production, despite a relatively small share. The nation’s overall heavy-duty automotive manufacturing sector has shown robust growth since the past decade, with a sharp increase in exports as well as revenues. The Canadian government is committed to electrifying its on-road vehicles as part of its overall strategy for decarbonization. These developments are encouraging the adoption of electric vehicles, which, in turn, is expected to influence the demand for EV plastics.

Acrylonitrile butadiene styrene (ABS) is an amorphous polymer and engineering thermoplastic. It is an ideal choice for numerous structural applications, owing to its high impact resistance, high rigidity, strong insulating properties, excellent abrasion, strain resistance, high dimensional stability and mechanical strength. ABS plastic is used to produce dashboards and steering wheel covers. The studied report assesses the market’s growth based on component, electric vehicle type, and plastic type. Here, the plastic type segment comprises acrylonitrile butadiene styrene (ABS), polyurethane (PU), polyamide (PA), polypropylene (PP), polycarbonate (PC), and other EV plastics.

Leading companies considered in the electric vehicle plastics market include Dow Chemical Company, Hanwha Azdel Inc, Asahi Kasei Corp., Plastic Omnium, DuPont, Momentive Performance Materials, and Covestro AG.

Dow Chemical Company is a material sciences company that offers products and solutions for packaging, consumer care, and infrastructure markets. Its Packaging and Specialty Plastics segment produces ethylene, polyethylene, and other ethylene derivatives like ethylene vinyl acetate, ethylene propylene diene, and monomer polyolefin elastomers. Dow is headquartered in Delaware, the US.

In August 2021, Dow announced its plans to develop a methyl acrylate production facility in the US Gulf Coast. As part of the company’s efforts to enhance reliability and access to raw materials via a larger, centralized capacity.

 

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 North America 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 North America 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

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Table of Content

1. NORTH AMERICA 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. NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY ELECTRIC VEHICLE TYPE        

3.1. BEV 

3.2. HEV/PHEV

4. NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY COMPONENT       

4.1. POWERTRAIN     

4.2. EXTERNAL

4.3. INTERNAL 

5. NORTH AMERICA 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. NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET – COUNTRY OUTLOOK                  

6.1. UNITED STATES  

6.2. CANADA              

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: NORTH AMERICA 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: NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2028 (IN $ MILLION)

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

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

TABLE 10: NORTH AMERICA 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: NORTH AMERICA ELECTRIC VEHICLE PLASTICS MARKET, ELECTRIC VEHICLE TYPE OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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