The United States electric vehicle plastic market is projected to record a CAGR of 28.69% during the forecast period, 2022-2028, and is expected to garner a revenue of $1916.84 million by 2028.

The United States is considered to be one of the largest markets for electric vehicles. The country is set to witness increased demands for electric vehicle polymers given the presence of eminent automotive players like General Motors Corporation, Tesla, Fiat, etc., and their investments in electric vehicles. Also, the growing awareness regarding the impact of internal combustion engine vehicles on the environment offers growth opportunities.

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Further, the surging application of polymers in electric vehicles is majorly attributed to the increasing adoption and sales of electric vehicles. Also, the strategic initiatives by market players and stringent regulations are influencing the shift from ICE to electric vehicles in the US. For instance, Google’s self-driving car project, Waymo, raised $2.3 million in March 2020 from investors like AutoNation, Andreessen Horowitz, and Silver Lake. Also, plug-in/battery electric vehicles (EVs) reached 19% of the total vehicles in the US market by the third quarter of 2021, compared to 3% in 2019. Such factors direct growth in the United States electric vehicle plastic market.

The United States electric vehicle plastic market scope includes vehicle, application, and plastic. The plastic segment includes acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polypropylene (PP), polyurethane (PU), and other plastics.

Acrylonitrile butadiene styrene (ABS) is an engineering thermoplastic and amorphous polymer made up of three monomers, styrene, butadiene, and acrylonitrile. It is produced by polymerizing acrylonitrile and styrene in the presence of polybutadiene. It is used to make dashboards and wheel covers. Also, it offers a sleek finish similar to PVC. In addition, it helps the body absorb and redistribute energy on impact, keeping passengers safe.

Furthermore, ABS is an ideal material for several structural applications, given its insulating properties, abrasion & strain resistance, high dimensional stability, high rigidity, and impact resistance. Besides, it provides a high degree of surface quality and projects electrical insulating properties.

Polycarbonate (PC) is a naturally transparent amorphous thermoplastic. Its raw material enables the internal transmission of light, almost like that of glass. Also, polycarbonate polymers are used for manufacturing different materials like plastic lenses, medical devices, digital disks, automotive components, exterior lighting fixtures, etc. In addition, it has an excellent heat resistance and can be integrated with flame retardant materials without significant material degradation.

Moreover, PC offers distinctive combined durability, hardness, and rigidity. Additionally, it has excellent thermal, electrical, optical, impact, and weathering qualities. Also, given its remarkable strength and resistance to impact, it is the most preferred material for headlight lenses and car bumpers.

Some of the leading companies operating in the United States electric vehicle plastic market include Momentive Performance Materials, Mitsui Chemical, LyondellBasell Industries NV, Plastic Omnium, etc.

Momentive Performance Materials, headquartered in Waterford, New York, United States, manufactures silicones and advanced materials. Also, it is engaged in the distribution and production of basic siloxane polymers, formulated products, and high-purity fused quartz & ceramic materials. The company caters to a range of industries, including aerospace, personal care, electronics, automotive, semiconductors, consumer products, etc.

One of its key products, PEarlene™ SiPE MB02 Silicone, is a family of functional masterbatches with high levels of ultra-high molecular weight polysiloxane that are melt compounded into a polymer carrier.

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