Polyurethane to Polypropylene: Key Resin Segments in North America EV Plastics, Key Plastic Manufacturers-2027

The North America plastics for electric vehicles (EV) market is projected to grow from US$ 213.50 million in 2019 to US$ 904.89 million by 2027, registering an impressive CAGR of 20.0% during the forecast period (2020-2027).

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Market Overview
As the automotive industry shifts toward sustainability and decarbonization, plastics-especially bio-based materials-are playing an increasingly important role in EV manufacturing. These include polymers such as Polyethylene Terephthalate (PET), bio-based Polyethylene (PE), and thermoplastic co-polyester elastomers (TPC-ET), among others.

EV manufacturers are replacing traditional materials with lightweight, eco-friendly plastics, particularly in non-visible components, to reduce vehicle weight and improve energy efficiency. Bio-based polyesters and polyamides are increasingly preferred due to their performance and lower environmental footprint.

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Automotive leaders such as Kia, Toyota, BMW, and Nissan are integrating sustainable plastics into their EV models. For example, Kia Soul EV uses bio-plastics in interior components like carpets, seat trims, and door latches. These industry shifts are significantly driving the growth of the North American plastics for EV market.

Impact of COVID-19
The COVID-19 pandemic caused significant disruptions to supply chains, manufacturing operations, and R&D efforts across North America. With the U.S. being the most affected, the chemical and materials industry faced a temporary slowdown. However, post-pandemic recovery and renewed focus on sustainability have accelerated the adoption of bio-based plastics in EV production.

The Role of Plastics in EV Innovation
Plastics serve as essential conductive and insulating materials in EV systems. Thermoplastics offer key advantages such as:

Lightweight structure that extends EV driving range
High thermal resistance, ideal for battery casings and cooling systems
Versatility in design, enabling precise engineering through injection molding
Cost-effectiveness compared to traditional metal components

This makes them a compelling choice for automakers seeking both performance and sustainability.

Market Segmentation

By Plastic Type:

Acrylonitrile Butadiene Styrene (ABS)
Polyamide (PA)
Polycarbonate (PC)
Polyvinyl Butyral
Polyurethane (PU)
Polypropylene (PP)
Others

By Component:

Dashboard
Seats
Interior Trim
Car Upholstery
Bumper
Others

By Vehicle Type:

Battery Electric Vehicles (BEV)
Plug-in Hybrid and Hybrid Electric Vehicles (PHEV/HEV)

By Application:

Powertrain System / Under Bonnet
Exterior
Interior
Lighting and Electric Wiring

By Country:

United States
Canada
Mexico

Leading Market Players
Key companies contributing to the market's growth include:

BASF SE
Solvay SA
DuPont de Nemours, Inc.
The Dow Chemical Company
LG Chem Ltd
Lanxess AG
SABIC
Covestro AG
Asahi Kasei Corporation
LyondellBasell Industries Holdings B.V.

These firms are focusing on product innovation, strategic partnerships, and sustainability-driven R&D to meet the evolving demands of the electric vehicle sector.

Strategic Insights
Strategic insights into the North American plastics for EV market offer a comprehensive view of market trends, competitive dynamics, and future opportunities. Key recommendations include:

Identifying high-growth segments such as bio-based thermoplastics and interior applications

Adopting green materials to align with evolving consumer and regulatory expectations

Leveraging data-driven forecasts to plan production and resource allocation

For manufacturers, suppliers, and investors, these insights are critical to anticipating technological advancements and achieving long-term competitive advantage.

Regional Insights
Understanding regional variations across the U.S., Canada, and Mexico is essential for effective market penetration. These insights help businesses:

Adapt to diverse consumer preferences and sustainability goals
Navigate regulatory landscapes
Identify underserved or emerging markets within the region

A focused approach allows for better resource allocation, targeted marketing, and stronger positioning in this rapidly evolving industry.

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This release was published on openPR.