Press release
Emerging Trends Fueling Growth in Electric Vehicle Polymers Market: Significant Increase Expected with a CAGR of 61.7% in 2025 and 55.8% by 2029
Electric Vehicle Polymers Market Size
What Is The Projected Market Size Of The Global Electric Vehicle Polymers Market And Its Growth Rate?
• The electric vehicle polymers market was valued at $20.49 billion in 2024 and is expected to reach $33.12 billion in 2025, exhibiting a CAGR of 61.7%.
• Factors influencing this growth include early EV development, automotive industry shifts, and manufacturing advancements.
• By 2029, the market size is predicted to reach $195.04 billion, growing at a robust CAGR of 55.8%.
• Future growth drivers include evolving consumer preferences, urbanization, smart city initiatives, and increased performance requirements.
What Is Driving The Growth In The Electric Vehicle Polymers Market?
The increasing demand for electric vehicles is propelling the growth of the electric vehicle polymers market. Electric vehicles rely on polymers for their lightweight structure, contributing to increased efficiency and design flexibility. Rapidly growing sales of hybrid and electric vehicles, driven by consumer demand and favorable government policies, are significantly driving the market. For instance, the U.S. Energy Information administration reported a steep rise in light-duty vehicle sales, including hybrids, plug-in hybrids, and battery electric vehicles, accounting for 16.3% of total new car sales in 2023.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12037&type=smp
Who Are the Key Players Driving Electric Vehicle Polymers Market Growth?
• BASF SE
• Saudi Basic Industries Corporation
• LG Chemical Ltd.
• 3M Co
• Sumitomo Chemical Co Ltd.
• Toray Industries Inc.
• Evonik Industries AG
• Covestro AG
• Shin-Etsu Chemical Co Ltd.
• Asahi Kasei Corporation
• Solvay S.A.
• Mitsui Chemicals Inc.
• DuPont de Nemours Inc.
• Arkema SA
• Celanese Corporation
• Koninklijke DSM NV
• Lanxess AG
• Tosoh Corporation
• DIC Corporation
• Teijin Limited
• Kumho Petrochemical Co Ltd.
• Ube Industries Ltd.
• Zeon Corporation
• JSR Corporation
• Kuraray Co Ltd.
• Sumitomo Bakelite Co Ltd.
• Mitsubishi Engineering-Plastics Corporation
• Polyplastics Co Ltd.
What Are The Key Trends In The Electric Vehicle Polymers Market?
• Supply chain optimization
• Adoption of bio-based polymers
• Nanotechnology in polymer development
• Integration in interior components
• Customized polymer composites
What Are The Segments Of The Global Electric Vehicle Polymers Market?
• By Type: Engineering Plastics, Elastomers
• By Component: Powertrain System, Exterior, Interior
• By End User: Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Fuel Cell Electric Vehicle (FCEV)
Which Region Leads The Electric Vehicle Polymers Market?
The Asia-Pacific region dominated the electric vehicle polymers market in 2024. The growth in this region can be attributed to an increasing adoption of electric vehicles and significant technological advancements in countries like China, Japan, and South Korea.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-polymers-global-market-report
What Is Covered In The Electric Vehicle Polymers Market Global Market Report?
- Market Size Analysis: Analyze the Electric Vehicle Polymers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Vehicle Polymers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Vehicle Polymers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Vehicle Polymers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=12037&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends Fueling Growth in Electric Vehicle Polymers Market: Significant Increase Expected with a CAGR of 61.7% in 2025 and 55.8% by 2029 here
News-ID: 3833226 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
