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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The market is primarily being driven by the growing need for high-performance plastic to ensure passenger safety and security. Additionally, the industry is expanding as a result of the rising focus on lightweight electric vehicles.
Micro mobility is becoming more and more popular, especially in the wake of the COVID-19 epidemic, which is opening up lucrative market expansion prospects. Additionally, the market is anticipated to benefit from an increase in government and consumer investment in EVs as well as from stricter pollution requirements designed to promote electrification.
Due to the presence of a bigger battery pack, a smaller internal combustion engine, and the need for lightweight materials to increase fuel economy, electric cars consume more plastic than traditional automobiles.
The raw materials used most frequently to create the components and accessories that make up an electric car are known as electric vehicle plastics.
The UK EV Plastics Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A new composite technique created by Covestro makes it easier to produce at industrial scale parts that are extremely thin, light, strong, and aesthetically pleasing.
It is branded as Maezio and is based on Continuous Fiber-Reinforced Thermoplastic Polymers (CFRTP). The base material is a thermoplastic like polycarbonate, and the reinforcing is made of carbon or glass fibers.
The revised wheels on the ES8 and ES6 SUVs from the Chinese electric vehicle start-up NIO are one example of an application that is now in use. Covestro offered ornamental CFRTP composite wheel blades that could be added as an option to the wheels. Aesthetics is one of the advantages listed above that is significant in this situation.
Composites made of polyurethane (PU) have also long been a specialty of Covestro. The business is moving on with the development of industrial manufacturing of these composites utilizing the efficient pultrusion method in collaboration with partners along the value chain.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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