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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Electric Vehicle (Car) Polymers Market Outlook
The global electric vehicle (car) polymers market was valued at nearly USD 19.19 billion in 2023 and is expected to grow at a CAGR of 61% during the forecast period of 2024-2032 to attain USD 1,395.06 billion by 2032.
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Market Segmentation
Electric vehicle polymers are the polymers used to reduce the weight of electric cars without affecting the car’s performance.
The market can be broadly categorised based on components and types.
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Based on the components, the market is divided into:
- Exterior
- Interior
- Powertrain System
Based on types, the market is divided into:
- Elastomers
- Natural Rubber
- Silicone Elastomer
- Synthetic Rubber
- Fluoroelastomer
- Engineering Plastics
- Polypropylene
- Polyphenylene Sulphide (PPS)
- Acrylonitrile Butadiene Styrene (ABS)
- Fluoropolymer
- Polyurethane
- Thermoplastic Polyester
- Polycarbonate
- Polyamide
- Others
The EMR report looks into the regional markets of electric vehicle (car) polymers like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Factors such as the rising demand for electric vehicles from the Asia Pacific’s emerging economies, the rapid rise in government regulations, and the rising infrastructure development are driving the market growth. Also, the growing demand for the adoption of new electrical car components serves as a significant market growth opportunity. However, the rising polymer prices might hinder the overall development of the electric vehicle (car) polymers industry.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global electric vehicle (car) polymers industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- DuPont de Nemours, Inc. (NYSE: DD)
- ARLANXEO Holding B.V.
- LyondellBasell Industries Holdings N.V.
- Covestro AG
- LANXESS
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global electric vehicle (car) polymers market reached a value of USD 19.19 billion in 2023.
The market is projected to grow at a CAGR of nearly 61% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 1,395.06 billion by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, rising demand for electric vehicles from emerging economies, and growing demand for the adoption of new electrical car components.
The rapid rise in government regulations supporting the adoption of electric vehicles is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading components of the product include exterior, interior, and powertrain system.
The significant types of the product in the global electric vehicle (car) polymers market are elastomers and engineering plastics.
The leading players in the market are DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Covestro AG, LANXESS, and ARLANXEO Holding B.V., among others.
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