Press release
Impact Of Rising Demand For Lighter Vehicles On The Electric Vehicle Plastics Market Driver: Leading Transformation in the Electric Vehicle Plastics Market in 2025
Electric Vehicle Plastics Market Share
The growing demand for lighter vehicles is projected to fuel the electric vehicle plastics market. Lighter vehicles, which are designed to reduce weight without sacrificing safety or performance, are becoming more popular due to fuel efficiency standards and environmental concerns. Electric vehicle plastics play a significant role in reducing weight while enhancing vehicle strength and durability, improving overall performance. According to Federal Reserve Economic Data, sales of lightweight vehicles in the U.S. increased from 13.5 million in 2022 to 16.1 million in 2023. As such, the growing demand for lighter vehicles is expected to stimulate the electric vehicle plastics market.
Get Your Electric Vehicle Plastics Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-plastics-global-market-report
How will the growth rate of the electric vehicle plastics market shape industry trends by 2034?
The electric vehicle plastics market size has grown significantly in recent years. It will grow from $2.72 billion in 2024 to $3.34 billion in 2025, at a CAGR of 22.8%. The rise in fuel prices, stringent emission regulations, improvements in battery technology, government incentives, consumer demand for sustainable vehicles, and innovations in lightweight materials are contributing to this growth.
The electric vehicle plastics market is projected to grow to $7.52 billion by 2029 at a CAGR of 22.6%. This growth is supported by advancements in battery tech, government regulations promoting EVs, demand for sustainable materials, innovations in lightweight plastics, and growing investments in autonomous vehicle technology. Major trends include bio-based polymers, enhanced recycling techniques, lightweight composite materials, self-healing polymers, 3D printing, high-temperature plastics, and conductive polymer advancements.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16411&type=smp
What trends are poised to drive the future success of the electric vehicle plastics market?
Companies in the electric vehicle plastics market are adopting post-consumer recycled-based technology to improve sustainability. This technology integrates recycled materials into manufacturing processes to reduce the environmental impact of electric vehicles. In July 2023, Saudi Basic Industries Corporation (SABIC), a Saudi Arabian chemical company, launched PCR-based NORYL resin technology, which incorporates post-consumer recycled content. This innovation reduces the carbon footprint while enhancing material performance and sustainability in electric vehicles.
Which primary segments of the electric vehicle plastics market are driving growth and industry transformations?
The electric vehicle plastics market covered in this report is segmented -
1) By Resin: Polypropylene (PP), Polyamide (PA), Polycarbonate (PC), Polyethylene (PE), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyvinyl Butyral (PVB), Polybutylene Terephthalate (PBT), Acrylonitrile Butadiene Styrene (ABS), Other Resins
2) By Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) Or Plug-In Hybrid Vehicle (PHEV)
3) By Application: Interior, Exterior, Powertrain System Or Under Bonnet, Lighting And Electric Wiring
Subsegments:
1) By Polypropylene (Pp): Fiber-Reinforced Polypropylene, Impact-Resistant Polypropylene
2) By Polyamide (Pa): Pa6 (Nylon 6), Pa66 (Nylon 66), Polyamide 12 (Pa12)
3) By Polycarbonate (Pc): Transparent Polycarbonate, Glass-Filled Polycarbonate
4) By Polyethylene (Pe): High-Density Polyethylene (Hdpe), Low-Density Polyethylene (Ldpe), Linear Low-Density Polyethylene (Lldpe)
5) By Polyurethane (Pu): Thermoplastic Polyurethane (Tpu), Polyurethane Foam
6) By Polyvinyl Chloride (Pvc): Rigid Pvc, Flexible Pvc
7) By Polyvinyl Butyral (Pvb): Laminated Glass Interlayer Pvb, Transparent Pvb Films
8) By Polybutylene Terephthalate (Pbt): Glass-Filled Pbt, Unfilled Pbt
9) By Acrylonitrile Butadiene Styrene (Abs): Abs Impact-Resistant Grades, Abs Heat-Resistant Grades
10) By Other Resins: Polyether Ether ket*one (Peek), Polylactic Acid (Pla), Polyphenylene Sulfide (Pps)
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16411
Which geographical regions are pioneering growth in the electric vehicle plastics market?
North America was the largest region in the electric vehicle plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the electric vehicle plastics market landscape?
Major companies operating in the electric vehicle plastics market are Exxon Mobil Corporation, BASF SE, Dow Company, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries Holdings B.V., LG Chem Ltd, Asahi Kasei Corporation, Evonik Industries AG, Covestro AG, Toray Industries Pvt. Ltd, Sumitomo Chemicals Co. Ltd., Ineos Group Holdings Limited, AGC Chemicals Pvt. Ltd, DuPont de Nemours Inc., Borealis AG, Arkema S.A., Celanese Corp., LANXESS AG, Formosa Plastic Corporation, Teijin Limited, Solvay S.A., Kuraray Co. Ltd., Denka Company Limited, Polyplastics Co. Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16411&type=smp
What Is Covered In The Electric Vehicle Plastics Global Market Report?
•Market Size Forecast: Examine the electric vehicle plastics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric vehicle plastics market for a structured understanding.
•Key Players Overview: Analyze major players in the electric vehicle plastics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric vehicle plastics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric vehicle plastics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric vehicle plastics market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric vehicle plastics market.
•Competitive Landscape: Review strategic developments in the electric vehicle plastics market, including expansions, agreements, and new product launches.
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 Impact Of Rising Demand For Lighter Vehicles On The Electric Vehicle Plastics Market Driver: Leading Transformation in the Electric Vehicle Plastics Market in 2025 here
News-ID: 3924585 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
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 Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
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 Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
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 Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
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 Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
