Market Insights
Electric Vehicle (Car) Polymers Market is likely to witness an impressive CAGR of 65% during the forecast period. The key factors driving the market for electric vehicle (car) polymers are the growing demand for electric vehicles among the emerging economies of the Asia-Pacific region, such as China and India, rapid increase in government regulations in order to reduce CO2 emissions, and development of charging infrastructure in the developing as well as developed nations.
Electric Vehicle (Car) Polymers Market - Snapshot
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Growth
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65% for the next five years
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Major Type
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Elastomers
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Dominant Component Type
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Interior
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Region with the highest demand
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Asia-Pacific
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Key Players
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BASF, DowDuPont, Covestro, Celanese, SABIC, Solvay, LANXESS, LG Chem, Asahi Kasei, and Evonik Industries.
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Segments' Analysis

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Electric Vehicle (Car) Polymers Market Share: By Type
Based on the type, the market is segmented as engineering plastics and elastomers. The elastomers segment is expected to fuel the major share of the market during the forecast period as elastomers find their extensive usage in insulation in cars and also, in manufacturing of tires.
Electric Vehicle (Car) Polymers Market Share: By Component Type
Based on the component type, the electric vehicle (car) polymers market is segmented as powertrain system, exterior, and interior. The interior segment of components is witnessing a significant transformation by replacement of metals with polymers, as components made with polymers have lower accidental risk and safety issues. Therefore, electric car manufacturers are employing polymers, instead of metals, in the interiors of electric cars, which also reduce the overall weight of electric cars. Polymer has proven to be the ideal material for the interior components of a car, as it is durable and aesthetically pleasing, also reducing the noise, vibration, and harshness (NVH) levels of an electric car. All these factors are likely to drive the growth of the segment during the forecast period.
Electric Vehicle (Car) Polymers Market Share: By Region
In terms of regions, Asia-Pacific is estimated to dominate the overall market for electric vehicle (car) polymers during the forecast period. The region has emerged as the largest consumer of electric vehicle (car) polymers, owing to the surge in production of electric cars in China, Japan, South Korea, among other countries. Growing concern for reducing the level of carbon footprints, increasing government support, and reduction in the overall weight of electric cars are the major factors bolstering the growth of the market for electric vehicle (car) polymers in the Asia-Pacific region. North America and Europe are also expected to offer promising growth opportunities during the forecast period.

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Market Scope & Segmentation
Polymers are used in electric cars to reduce the weight without affecting the efficiency of the car. Polymers replacing metals have similar properties as metals such as flame retardancy, abrasion resistance, stiffness, toughness, electrical insulation, and heat resistance.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Electric Vehicle (Car) Polymers Market Research Report – Features
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Market Segmentation
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3
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Regions Covered
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4
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Countries/Sub-Regions Covered
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18
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The electric vehicle (car) polymers market is segmented into the following categories.
Electric Vehicle (Car) Polymers Market Size, Share, & Forecast, by Type:
- Engineering Plastics
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Acrylonitrile Butadiene Styrene (ABS), Polyamide, Polycarbonate, Polyphenylene Sulfide (PPS), Polyurethane, Polypropylene, Fluoropolymer, Thermoplastic Polyester, and Others)
- Elastomers
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Synthetic Rubber, Natural Rubber, Fluoroelastomer, Silicone Elastomer, Others)
Electric Vehicle (Car) Polymers Market Size, Share, & Forecast, by Component Type:
- Powertrain System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electric Vehicle (Car) Polymers Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Norway, Sweden, the Netherlands, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the types by component type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com