According to a market report by Lucintel, the future of the global electric vehicle polymer market looks promising with opportunities in the powertrain system, exterior, and interior markets. The global electric vehicle polymer market is expected to reach an estimated $30.3 billion by 2030 from $7.7 billion in 2024, at a CAGR of 25.6% from 2024 to 2030. The major drivers for this market are rising electric vehicles sales, expansion of charging infrastructure, increasing inclination towards lightweight vehicles, and growing focus on sustainability.
A more than 150-page report to understand trends, opportunity and forecast in electric vehicle polymer market to 2030 by type (engineering plastics and elastomers), component (powertrain system, exterior, and interior), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that engineering plastic will remain the larger segment over the forecast period due to its flexibility, resistance to abrasion, and resistance to chemicals and oils.
Within this market, exterior will remain the largest segment due to the growing adoption of electric vehicles throughout the world.
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APAC will remain the largest region over the forecast period due to growing concern for lowering carbon footprints and increasing focus on decreasing the overall weight of electric cars.
BASF, DowDuPont, Covestro, Celanese, SABIC, Solvay, LANXESS, LG Chem, Asahi Kasei, Evonik Industries are the major suppliers in the electric vehicle polymer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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