Market by Electric Vehicle Type, Component, Plastic Type, and Country Outlook | Forecast 2022-2028
A study by Triton on Europe’s electric vehicle plastics market
shows that the market will develop with a CAGR of 30.73% in the forecast
duration 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The countries studied in this market include:
• Spain
• Norway
• Germany
• Italy
• France
• The
Netherlands
• The United Kingdom
• Rest
of Europe
Europe
is the first region to adopt electric vehicles and has immensely supportive government
policies for the growth of the EV market. The tax exemption and subsidies are
also largely boosting the EV market here. Besides, European chemical companies
are manufacturing plastic for electric vehicles on a large scale. Germany is
leading the process of manufacturing and supplying plastic to car manufacturers
across the world. All these factors are favorable for
the studied market’s growth.
The electric vehicle plastics market in the UK is estimated to progress significantly over the forecasted period. The nation already has a well-developed plastic industry that offers customized solutions to the electric vehicle industry in Europe as well as across the world. Also, a broad range of reprocessing technologies and equipment are under examination owing to cohesive government regulations. According to data from the International Trade Association, nearly 7.0% of manufacturing activities in the United Kingdom account for the plastic industry each year. Also, over 6,200 firms are present in the country’s plastic industry. All these factors are expected to boost the adoption of plastics in electric vehicles, thereby aiding the market growth.
The
Norwegian government is looking to reduce GHG emissions from road traffic. It
has therefore turned its focus on electric vehicles. Through a combination of
financial incentives, public awareness campaigns, and advanced research, there
has been a breakthrough. As a result, presently, there are nearly 70,000 EVs on
the road in the country and 20% of the new vehicles are completely electric.
With
outstanding toughness, heat resistance, flexibility, and abrasion resistance,
polyurethane (PU) can transform into very soft or hard forms. Its exceptional
resistance to radiation, solvents, and weather make it well-suited for
everything, from tires to suspension bushings to seating. Polyurethanes play a vital
role in preserving the planet’s natural resources and save energy sustainably.
Durable polyurethane coatings ensure that the shelf life of several products is
extended much beyond what would be achieved without coating.
Thanks
to PUs, automakers can design their cars more attractively and build lighter
frames that reduce fuel consumption and emissions. The
studied report assesses the market’s growth based on electric vehicle type, component,
and plastic type. Here, the plastic type
segment comprises polyurethane
(PU), polyamide (PA), acrylonitrile butadiene styrene (ABS), polypropylene
(PP), polycarbonate (PC), and other EV plastics.
Leading companies considered in the electric vehicle plastics
market include LyondellBasell Industries NV, Asahi Kasei Corp., Lanxess
Corporation, Covestro AG, Hanwha Azdel Inc, Sumitomo Chemical Co Ltd, and Ineos
Capital Ltd.
Ineos Capital Ltd
is a company manufacturing petrochemicals, specialty chemicals, and oil &
gas. It operates through a chain of businesses producing raw materials for
manufacturing modern plastics, biofuels, synthetic oils, chlorine, solvents, insulation
materials for offices, houses, electrical & telecommunications cables, etc.
Founded in 1998, Ineos
Capital employs over 26,000 people. The UK-based company is
headquartered in Knightsbridge, London.
In January 2022, WL Plastics Corporation, a part of the Ineos Group, announced completing the acquisition of US-based Charter Plastics’ polyethylene pipe extrusion assets. This acquisition has provided the company an opportunity to further diversify its product offerings, grow its customer base, and enter new regional markets.
Key deliverables of the report:
· Market CAGR during the forecasting years 2022-2028
· Detailed data highlighting key insights, industry components, and market strategies
· Comprehensive information and estimation of the electric vehicle plastics market revenue growth in Europe and its influence on the parent market
· In-depth study of forthcoming trends in consumer behavioral patterns
· A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
· A wide-ranging study of factors that will challenge the Europe electric
vehicle plastics market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize
this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
ELECTRIC VEHICLE PLASTICS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ELECTRIC VEHICLE PLASTICS INDUSTRY
2.2. EVOLUTION
& TRANSITION OF ELECTRIC VEHICLE PLASTICS
2.3. KEY
INSIGHTS
2.3.1. USAGE
OF ANTI-MICROBIAL PLASTICS/ADDITIVES IN ELECTRIC VEHICLES
2.3.2. USE
OF BIOPLASTIC IN ELECTRIC VEHICLES
2.3.3. INCREASE
IN ELECTRIC BUS & HEAVY-DUTY TRUCK (HDT) REGISTRATION IN 2020
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
IMPACT ANALYSIS
2.5.1. SUPERIOR
TECHNOLOGY
2.5.2. APPLICATION
2.5.3. EFFICIENCY
2.5.4. COST-EFFECTIVENESS
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. INDUSTRY
COMPONENTS
2.9. REGULATORY
FRAMEWORK
2.10. KEY
MARKET STRATEGIES
2.10.1. ACQUISITIONS
2.10.2. PRODUCT
DEVELOPMENTS
2.10.3. BUSINESS
EXPANSIONS
2.11. MARKET
DRIVERS
2.11.1. INCREASING
SIGNIFICANCE OF HIGH-PERFORMANCE PLASTIC TO ASSURE SAFETY AND SECURITY
2.11.2. EMPHASIS
ON ELECTRIC VEHICLE LIGHTWEIGHTING
2.12. MARKET
CHALLENGES
2.12.1. SLOW
ADOPTION OF ELECTRIC VEHICLES
2.12.2. ELECTRIC
VEHICLE PLASTIC RECYCLING ISSUES
2.13. MARKET
OPPORTUNITIES
2.13.1. ENHANCED
POPULARITY OF ELECTRIC MICROMOBILITY DUE TO THE PANDEMIC
2.13.2. SPENDING
ON ELECTRIC VEHICLES BY BOTH CONSUMERS & GOVERNMENT ON THE RISE
2.13.3. STRINGENT
EMISSION STANDARDS TO DRIVE ELECTRIFICATION
3. EUROPE
ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY ELECTRIC VEHICLE TYPE
3.1. BEV
3.2. HEV/PHEV
4. EUROPE
ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY COMPONENT
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. EUROPE
ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY PLASTIC TYPE
5.1. POLYURETHANE
(PU)
5.2. POLYAMIDE
(PA)
5.3. ACRYLONITRILE
BUTADIENE STYRENE (ABS)
5.4. POLYPROPYLENE
(PP)
5.5. POLYCARBONATE
(PC)
5.6. OTHER
ELECTRIC VEHICLE PLASTIC TYPES
6. EUROPE
ELECTRIC VEHICLE PLASTICS MARKET – COUNTRY OUTLOOK
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. ITALY
6.5. NORWAY
6.6. NETHERLANDS
6.7. SPAIN
6.8. REST
OF EUROPE
7. COMPETITIVE
LANDSCAPE
7.1. DUPONT
7.2. DOW
CHEMICAL COMPANY
7.3. EVONIK
INDUSTRIES
7.4. INEOS
CAPITAL LTD
7.5. BASF
SE
7.6. PLASTIC
OMNIUM
7.7. MITSUI
CHEMICALS
7.8. COVESTRO
AG
7.9. ASAHI
KASEI CORP.
7.10. LANXESS
CORPORATION
7.11. LYONDELLBASELL
INDUSTRIES NV
7.12. SUMITOMO CHEMICAL CO LTD
7.13. MOMENTIVE
PERFORMANCE MATERIALS
7.14. HANWHA
AZDEL INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: REGULATORY
FRAMEWORK
TABLE 4: LIST OF
ACQUISITIONS
TABLE 5: LIST OF
PRODUCT DEVELOPMENTS
TABLE 6: LIST OF
BUSINESS EXPANSIONS & DIVESTITURES
TABLE 7: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2028 (IN $
MILLION)
TABLE 8: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY PLASTIC TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
FIGURE 1: PLASTIC USE
IN ELECTRIC VEHICLES
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: INDUSTRY
COMPONENTS
FIGURE 5: RATIO OF
PUBLIC CHARGERS PER EV STOCK, BY COUNTRY, 2020
FIGURE 6: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, ELECTRIC VEHICLE TYPE OUTLOOK, 2021 &
2028 (IN %)
FIGURE 7: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY BEV, 2022-2028 (IN $ MILLION)
FIGURE 8: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY HEV/PHEV, 2022-2028 (IN $ MILLION)
FIGURE 9: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 10: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY POWERTRAIN, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY EXTERNAL, 2022-2028 (IN $ MILLION)
FIGURE 12: EUROPE ELECTRIC
VEHICLE PLASTICS MARKET, BY INTERNAL, 2022-2028 (IN $ MILLION)
FIGURE 13: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, PLASTIC TYPE OUTLOOK, 2021 & 2028 (IN %)
FIGURE 14: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYURETHANE, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYAMIDE, 2022-2028 (IN $ MILLION)
FIGURE 16: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE, 2022-2028
(IN $ MILLION)
FIGURE 17: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYPROPYLENE, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYCARBONATE, 2022-2028 (IN $ MILLION)
FIGURE 19: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, BY OTHER ELECTRIC VEHICLE PLASTICS, 2022-2028
(IN $ MILLION)
FIGURE 20: EUROPE
ELECTRIC VEHICLE PLASTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 21: UNITED
KINGDOM ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: GERMANY
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: FRANCE
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: ITALY
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: NORWAY
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: NETHERLANDS
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SPAIN
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF
EUROPE ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)