Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Electric Vehicle Polymers Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Electric Vehicle Polymers Industry in 2024 and 2025?
The Electric Vehicle Polymers Global Market Report 2025 has seen an exponential growth in the past. The market size is projected to increase from $20.49 billion in 2024 to $32.83 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 60.3%.
What Is the Projected Market Size of the Electric Vehicle Polymers Market in 2029?
The Electric Vehicle Polymers Global Market is projected to expand to a size of $191.46 billion in 2029. This growth represents a compound annual growth rate (CAGR) of 55.4%.
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What Are the Key Drivers of Electric Vehicle Polymers Market Growth?
The key drivers in the electric vehicle polymers market are:
• Shift towards sustainable materials and adoption of bio-based polymers
• Increasing performance requirements for electric vehicles
• Influence of global climate goals and emissions standards
• Application of nanotechnology in polymer development and customization of polymer composites
What Are the Primary Segmentation Categories in the Electric Vehicle Polymers Market?
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)
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What Are the Major Trends Shaping the Electric Vehicle Polymers Market in 2025 and Beyond?
The key trends in the electric vehicle polymers market are:
• Supply chain optimization is emerging as a significant trend in the market.
• The adoption of bio-based polymers is becoming increasingly prevalent.
• The use of nanotechnology in polymer development is a notable emerging trend.
• Integration in interior components and customization of polymer composites is gaining momentum.
Who Are the Emerging Players in the Electric Vehicle Polymers Market?
Major players in the electric vehicle polymers market are:
• 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.
Which Regions Are Leading the Growth in the Global Electric Vehicle Polymers Market?
Asia-Pacific was the largest region in the electric vehicle polymers market in 2024
