The plastic for electric vehicle market in North America is expected to grow from US$ 213.50 million in 2019 to US$ 904.89 million by 2027; it is estimated to grow at a CAGR of 20.0% from 2020 to 2027.
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The Growing Role of Bio-Based Plastics in Electric Vehicle Manufacturing
Bio-based plastics encompass a diverse range of materials, including mass-produced commodity plastics like Polyethylene Terephthalate (PET) and bio-based Polyethylene (PE), as well as high-performance technical polymers and thermoplastic copolyester elastomers (TPC-ET). With increasing emphasis on reducing CO₂ emissions, automakers are increasingly adopting bio-plastics over recycled plastics in vehicle manufacturing—particularly for out-of-sight components—contributing to significant reductions in overall vehicle weight.
Many manufacturers recognize sustainable plastics as a cost-effective and eco-friendly solution for electric vehicle (EV) production. Leading automotive companies and suppliers worldwide are expanding their use of bio-based polyesters and polyamides to minimize the environmental impact of their vehicles. For example, the KIA Soul EV incorporates bio-plastics in interior components such as carpets, door latches, and seat trims instead of recycled plastics. Other major automakers, including Toyota, BMW, and Nissan, are also shifting toward bio-plastics in EV production to stay competitive in the growing green technology landscape. This trend is accelerating the expansion of the plastics-for-EV market.
Market Challenges and Opportunities
The COVID-19 pandemic has disrupted supply chains across industries, including the chemical and materials sector. The U.S., with the highest number of cases compared to Canada and Mexico, has faced significant impacts on manufacturing, R&D, and production processes, potentially hindering market growth.
The Versatility of Plastics in EVs
Modern plastics serve multiple functions in electric vehicles, acting as both conductors and insulators. Their thermoplastic properties, high versatility, and ease of molding allow them to be shaped into various designs tailored to EV requirements. By reducing vehicle weight, plastics enhance the driving range between charges. Additionally, certain plastics offer superior heat resistance, making them ideal for battery compartments and cooling systems without compromising durability or safety.
Another key advantage is cost efficiency—injection-molded plastics are often more affordable than metal components, making them an attractive option for EV manufacturers. As the adoption of bio-plastics in electric vehicles continues to rise, demand for these materials is expected to grow substantially, further propelling the plastics-for-EV market in the coming years.
North  America Plastic for electric vehicle Market Segmentation
North America Plastic for electric vehicle Market- by Plastic Type
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Others
North America Plastic for electric vehicle Market- by Component
- Dashboard
- Seats
- Interior Trim
- Car Upholstery
- Bumper
- Others
North America Plastic For Electric Vehicle Market – By Vehicle Type
- BEV
- PHEV/ HEV
North America Plastic For Electric Vehicle Market – By Application
- Powertrain System/ Under Bonnet
- Exterior
- Interior
- Lighting and Electric Wiring
North America Plastic for electric vehicle Market- by Country
- US
- Canada
- Mexico
Company Profiles
- BASF SE
- Solvay SA
- DuPont de Nemours, Inc.
- The Dow Chemical Company
- LG Chem Ltd.
- Lanxess AG
- Sabic
- Covestro AG
- Asahi Kasei Corporation
- Lyondellbasell Industries Holdings B.V.
North America Plastics For Electric Vehicle Strategic Insights
Strategic insights for the North America Plastics For Electric Vehicle provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Plastics For Electric Vehicle Regional Insights
The geographic scope of the North America Plastics For Electric Vehicle refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
