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NORTH AMERICA ELECTRIC VEHICLE PLASTIC MARKET FORECAST 2022-2030

The North America electric vehicle plastic market is predicted to register a CAGR of 28.43% during the forecast period, 2022-2030, and is set to reach a revenue of $3352.29 million by 2030.

NORTH AMERICA ELECTRIC VEHICLE PLASTIC MARKET FORECAST 2022-2030

North America 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 North America electric vehicle plastic market is predicted to register a CAGR of 28.43% during the forecast period, 2022-2030, and is set to reach a revenue of $3352.29 million by 2030.

The electric vehicle plastic market growth in North America is attributed to the region’s favorable policies. However, the slow growth of the automotive industry impacts the overall market growth in the region. Moreover, the increased production costs, pandemic-induced restrictions, and supply chain changes have hindered vehicle production in the region.

North America Electric Vehicle Plastic Market

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The North America electric vehicle plastic market growth analysis includes the assessment of Canada and the United States. In the United States, the market growth is accredited to the increasing application of plastics in the automotive industry and the rising sales of electric vehicles. Also, consumers and states have a growing inclination towards lightweight electric vehicles. Besides,  California’s zero-emissions vehicle (ZEV) program entails government grants for the roll-out of electric vehicles. In addition, private investors in the country are significantly investing in electric vehicle charging stations.

Canada has been increasingly focusing on boosting its electric vehicle manufacturing to increase electric vehicle sales. Also, the Canadian market prospects are defined by its sophisticated infrastructure, government incentives, consumer awareness, and favorable regulatory framework. This is further set to improve electric vehicle sales and investments.

While the transition to electrification is in the nascent stages, many Canadian-based manufacturing facilities and companies have emerged with several key components and zero-emission vehicles produced domestically. Additionally, there is a growing need for policymakers to offer targeted support for communities and workers relying on the auto sector. Besides, several companies, like BASF SE, are setting up production facilities for electric vehicle batteries in Canada. For instance, BASF SE supplies cathode active materials (CAM) required for the production of lithium-ion batteries in electric vehicles.

The North America electric vehicle plastic market segmentation includes plastic, application, and vehicle. The vehicle segment includes PHEV/HEV and BEV.

Hybrid electric vehicles (HEVs) are powered by an internal combustion engine integrated with one or more electric motors that use the energy stored in batteries. They encompass the low tailpipe emissions and high fuel economy benefits combined with the range & power of conventional vehicles. The PPS utilization in HEVs ranges between 4-5 kgs and is vastly used in drive train components like motor insulation, condensers, and inverters. The advantages of HEVs include lesser maintenance costs and oil consumption over conventional vehicles, low carbon emissions, and more mileage.

A plug-in hybrid electric vehicle (PHEV) has rechargeable batteries. It entails the characteristics of the traditional hybrid electric vehicle and an all-electric vehicle with a plug to connect to the electrical grid. It has a larger all-electric range than conventional gasoline-electric hybrids. Its advantages include overnight charging using a home power supply, negligible fuel consumption, regenerative braking, etc.

Some of the prominent firms in the North America electric vehicle plastic market include INEOS Capital Ltd, LyondellBasell Industries NV, Lanxess AG, Mitsui Chemical, etc.

LyondellBasell Industries NV is a multinational chemical company incorporated in the Netherlands with operations in the US and offices in London, UK. It manufactures acetyls, oxygenated fuels, propylene oxide, polypropylene, propylene, polyethylene, and ethylene. Also, it is engaged in developing and licensing technologies for polymer production and refining crude oil. It has headquarters in Rotterdam, Netherlands.

One of its key products, Adflex KS 021 P, is a reactor TPO manufactures using LyondellBasell’s proprietary Catalloy process technology.

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 The United States and Canada
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
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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: NORTH AMERICA ELECTRIC VEHICLE PLASTIC MARKET, BY VEHICLE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

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

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

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

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

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

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

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

    TABLE 11: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA ELECTRIC VEHICLE PLASTIC MARKET, GROWTH POTENTIAL, BY VEHICLE, IN 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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

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


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