Press release
Electric Vehicle Polymers Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Electric Vehicle Polymers
What Is the Projected Growth of the Electric Vehicle Polymers Market?
In recent times, the market size of electric vehicle polymers has witnessed significant growth. It is projected to increase from $20.49 billion in 2024 to $33.12 billion in 2025, with a compound annual growth rate (CAGR) of 61.7%. This growth during the historic period can be attributed to factors such as the initial stages of EV development, changes in the automotive industry, improvements in manufacturing, preliminary research and development in EV components, and concerns regarding battery safety.
Over the coming years, the electric vehicle polymers market is projected to experience significant expansion. Anticipated to escalate to $195.04 billion by 2029, this market will flourish at a compound annual growth rate (CAGR) of 55.8%. Factors propelling growth during the forecast period include shifts in consumer preferences, the rise of urbanization and smart city endeavors, enhanced range and performance demands, a move towards eco-friendly materials, and worldwide climate objectives and emissions regulations. In the forecast period, key trends will be supply chain enhancement, increased use of bio-based polymers, the application of nanotechnology in polymer creation, integration within interior components, and customized polymer composites.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12037
What Are the Different Electric Vehicle Polymers Market Segments?
The electric vehicle polymers market covered in this report is segmented -
1) By Type: Engineering Plastics, Elastomers
2) By Component: Powertrain System, Exterior, Interior
3) By End User: Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Fuel Cell Electric Vehicle (FCEV)
Subsegments:
1) By Engineering Plastics: Polycarbonate (PC), Polyamide (PA), Polyethylene Terephthalate (PET), Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS)
2) By Elastomers: Thermoplastic Elastomers (TPE), Ethylene Propylene Diene Monomer (EPDM), Silicone Elastomers, Natural Rubber
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12037&type=smp
What Are the Primary Drivers Shaping the Electric Vehicle Polymers Market?
The growth of the electric vehicle polymers market is anticipated to be fueled by the escalating demand for electric vehicles. An electric vehicle operates on one or more electric motors that source electricity from an external outlet. In electric vehicles, polymers are utilized to lessen weight, improve efficiency, maximize durability, and enhance design flexibility. For instance, per the U.S. Energy Information Administration, a US-based organization, hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVS) altogether amounted to 16.3% of all new light-duty vehicle (LDV) sales in the US in 2023, as reported in January 2024. Furthermore, in March 2022, the Department Of Energy, a US-based government website, reported that in 2021, electric vehicle (EV) sales represented 73% of all plug-in electric vehicle (PEV) sales in the US. Consequently, the expanding demand for electric vehicles is responsible for propelling the electric vehicle polymers market's growth.
Which Companies Are Leading in the Electric Vehicle Polymers Market?
Major companies operating in the electric vehicle polymers market include 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 Major Trends Shaping the Electric Vehicle Polymers Market?
Product innovations are emerging as a prominent trend in the electric vehicle polymers market. Enterprises operating within this sphere are coming up with innovative products to secure their market position. For example, Solvay, a chemical company based in Belgium, introduced a new polymer for electric vehicle battery module insulation in March 2023, named Xydar LCP G-330 HH. This new liquid crystal polymer grade is formulated maintain passenger safety during battery thermal runaway periods. It's a brand new, high-heat, and flame-resistant grade, explicitly created for battery module plates of electric vehicles that run on high-voltage systems. It meets stringent thermal and insulation requirement, being an injection-molded, glass-filled LCP capable of retaining its electrical insulation properties even after exposure to 400°C for 30 minutes. Notably, without the need for halogen or bromine additives, Xydar LCP is naturally flame-resistant.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-polymers-global-market-report
What Are the Top Revenue-Generating Geographies in the Electric Vehicle Polymers Market?
Asia-Pacific was the largest region in the electric vehicle polymers market in 2024. The regions covered in the electric vehicle polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Vehicle Polymers Market?
2. What is the CAGR expected in the Electric Vehicle Polymers Market?
3. What Are the Key Innovations Transforming the Electric Vehicle Polymers Industry?
4. Which Region Is Leading the Electric Vehicle Polymers Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Electric Vehicle Polymers Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities here
News-ID: 3997636 • 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…
