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EUROPE ELECTRIC VEHICLE PLASTIC MARKET FORECAST 2022-2030

The Europe electric vehicle plastic market is estimated to register a CAGR of 28.97% during the forecast period, 2022-2030, and is expected to garner a revenue of $4088.51 million by 2030.

EUROPE ELECTRIC VEHICLE PLASTIC MARKET FORECAST 2022-2030

Europe Electric Vehicle Plastic Market by Vehicle (BEV, PHEV/HEV) Market by Application (Powertrain, External, Internal) Market by Plastic (Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polypropylene, Other Plastics) by Geography

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The Europe electric vehicle plastic market is estimated to register a CAGR of 28.97% during the forecast period, 2022-2030, and is expected to garner a revenue of $4088.51 million by 2030.

The electric vehicle plastic market growth in Europe is attributed to the surging adoption of electric vehicles and progressive government policies. Also, the tax exemption, subsidies, and incentives boost electric vehicle sales in the region, thereby contributing to the growth of the analyzed market.

Europe Electric Vehicle Plastic Market

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The Europe electric vehicle plastic market growth evaluation includes the assessment of Spain, Netherlands, the United Kingdom, Italy, France, Germany, Norway, and Rest of Europe. The United Kingdom has a well-developed plastic industry providing customized solutions to the electric vehicle industry globally. Also, a vast range of reprocessing equipment and technologies are examined, given the cohesive government regulations. According to the International Trade Association, almost 7.0% of the manufacturing activities account for the plastic industry. In addition, over 6200 firms are engaged in the plastic industry, including manufacturers of plastic raw materials and additives.

In Norway, the government is inclined to minimize greenhouse gas emissions from road traffic. Accordingly, electric vehicles are prioritized in a quest for cleaner air for urban areas. Subsequently, a collaborative approach of public awareness campaigns, financial incentives, and advanced research has enabled a breakthrough, with almost 20% of new vehicles in Norway being fully electric. As a result, the electric vehicle growth in Norway has been robust with far-reaching impacts.

Whereas in Spain, the second-largest automotive manufacturer in Europe and eighth globally, supply chain overhauling and manufacturing revamping are supplementing the shift toward integrated technologies and electric vehicles. Also, initiatives by market players are projected to boost growth opportunities in Spain. For instance, the VETERIA21 initiative by AIMPLAS, a plastic technology company, prioritizes advanced manufacturing processes to obtain sustainable materials for the electric vehicle industry. It aims for weight reduction in electric vehicles. Such factors propel market growth in these countries.

The Europe electric vehicle plastic market segmentation includes vehicle, application, and plastic. The application segment includes internal, external, and powertrain.

A powertrain’s key components include an engine, differential, axles, driveshaft, and transmission. It is a system of gears, shafts, and bearings. Plastics are ideal for use in powertrain since they can minimize weight & costs and lessen the vibrations & noise. The powertrain is essential because vehicles cannot move forward without its proper functioning. Overall, it combines parts that consume, convert, and generate energy to thrust the vehicle into motion.

Internal applications of plastics in electric vehicles include a button, electric circuit kit, dashboard, etc. The interior of vehicles is the focal point of vehicles. With regard to the dashboard, recent automobile developments focus on motion control and chassis structure. In terms of the electric circuit kit, circuits are built into targeted areas, including the center console, door, armrest, and dash. Whereas the external application of plastics in electric vehicles includes trim, liftgates, hoods, bumpers, lights, etc.

Some of the key players operating in the Europe electric vehicle plastic market include Momentive Performance Materials, Evonik Industries, Plastic Omnium, Hanwha Azdel Inc, etc.

Plastic Omnium SA is engaged in the automotive equipment and environmental businesses globally. Its automotive division is involved in manufacturing and selling automotive body components, modules, and fuel systems. The company has its headquarters in Lyon, France.

The company designs a range of exterior parts that add to the distinctive and aesthetic character of the vehicles from each automaker.

Report Synopsis

Report Scope

Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Vehicle, Application, Plastic
Countries Analyzed Spain, Netherlands, the United Kingdom, Italy, France, Germany, Norway, and Rest of Europe
Companies Analyzed

Asahi Kasei Corporation, BASF Group, Covestro AG, Dow Inc, DuPont, Evonik Industries, Hanwha Azdel Inc, INEOS Capital Ltd, Lanxess AG, LyondellBasell Industries NV, Mitsui Chemical, Momentive Performance Materials, Plastic Omnium, Sumitomo Chemical Co Ltd

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • GROWING EMPHASIS ON ELECTRIC VEHICLE LIGHTWEIGHTING
        • INCREASING SIGNIFICANCE OF HIGH-PERFORMANCE PLASTIC
      • KEY RESTRAINTS
        • RECYCLING ISSUES
        • SLOW ADOPTION OF ELECTRIC VEHICLES
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ELECTRIC VEHICLE PLASTIC MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • SUPERIOR TECHNOLOGY
        • APPLICATION
        • EFFICIENCY
        • COST- EFFECTIVENESS
      • REGULATORY FRAMEWORK
    2. MARKET BY VEHICLE
      • BEV
      • PHEV/ HEV
    3. MARKET BY APPLICATION
      • POWERTRAIN
      • EXTERNAL
      • INTERNAL
    4. MARKET BY PLASTIC
      • ACRYLONITRILE BUTADIENE STYRENE (ABS)
      • POLYAMIDE (PA)
      • POLYCARBONATE (PC)
      • POLYURETHANE (PU)
      • POLYPROPYLENE (PP)
      • OTHER PLASTICS
    5. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • NORWAY
          • NETHERLANDS
          • SPAIN
          • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ASAHI KASEI CORPORATION
        • BASF GROUP
        • COVESTRO AG
        • DOW INC
        • DUPONT
        • EVONIK INDUSTRIES
        • HANWHA AZDEL INC
        • INEOS CAPITAL LTD
        • LANXESS AG
        • LYONDELLBASELL INDUSTRIES NV
        • MITSUI CHEMICAL
        • MOMENTIVE PERFORMANCE MATERIALS
        • PLASTIC OMNIUM
        • SUMITOMO CHEMICAL CO LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE PLASTIC

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY VEHICLE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY VEHICLE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY PLASTIC, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY PLASTIC, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: LEADING PLAYERS OPERATING IN EUROPE ELECTRIC VEHICLE PLASTIC MARKET

    TABLE 12: LIST OF MERGERS & ACQUISITIONS

    TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES   

    LIST OF FIGURES

    FIGURE 1: RATIO OF PUBLIC CHARGERS PER EV STOCK BY COUNTRY, 2020

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: VALUE CHAIN ANALYSIS

    FIGURE 7: KEY BUYING CRITERIA

    FIGURE 8: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, GROWTH POTENTIAL, BY VEHICLE, IN 2021

    FIGURE 9: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY BEV, 2022-2030 (IN $ MILLION)

    FIGURE 10: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY PHEV/ HEV, 2022-2030 (IN $ MILLION)

    FIGURE 11: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 12: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY POWERTRAIN, 2022-2030 (IN $ MILLION)

    FIGURE 13: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY EXTERNAL, 2022-2030 (IN $ MILLION)

    FIGURE 14: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY INTERNAL, 2022-2030 (IN $ MILLION)

    FIGURE 15: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, GROWTH POTENTIAL, BY PLASTIC, IN 2021

    FIGURE 16: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY ACRYLONITRILE BUTADIENE STYRENE, 2022-2030 (IN $ MILLION)

    FIGURE 17: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY POLYAMIDE (PA), 2022-2030 (IN $ MILLION)

    FIGURE 18: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY POLYCARBONATE (PC), 2022-2030 (IN $ MILLION)

    FIGURE 19: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY POLYURETHANE (PU), 2022-2030 (IN $ MILLION)

    FIGURE 20: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY POLYPROPYLENE (PP), 2022-2030 (IN $ MILLION)

    FIGURE 21: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, BY OTHER PLASTICS, 2022-2030 (IN $ MILLION)

    FIGURE 22: EUROPE ELECTRIC VEHICLE PLASTIC MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 23: UNITED KINGDOM ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: GERMANY ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: FRANCE ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: ITALY ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: NORWAY ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: NETHERLANDS ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: SPAIN ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: REST OF EUROPE ELECTRIC VEHICLE PLASTIC MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • NORWAY
          • NETHERLANDS
          • SPAIN
          • REST OF EUROPE
    1. MARKET BY VEHICLE
      • BEV
      • PHEV/ HEV
    2. MARKET BY APPLICATION
      • POWERTRAIN
      • EXTERNAL
      • INTERNAL
    3. MARKET BY PLASTIC
      • ACRYLONITRILE BUTADIENE STYRENE (ABS)
      • POLYAMIDE (PA)
      • POLYCARBONATE (PC)
      • POLYURETHANE (PU)
      • POLYPROPYLENE (PP)
      • OTHER PLASTICS

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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