Market by Electric Vehicle Type, Component, Plastic Type, and Country Outlook | Forecast 2022-2028
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.
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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VIEW REPORT1. 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. SUMITOMO 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
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)
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)