The global plastics in electric vehicles market is expected to grow exponentially during the forecast period, 2017-2025, according to a new report published by Transparency Market Research. “This remarkable growth is a result of pressing need to reduce vehicular emissions,” says TMR analyst.

On the basis of regional perspective, both Europe and North America are illustrious market for plastics in electric markets. “The demand for using plastics to reduce weight of the electric vehicles is the reason behind the extensive production of electric vehicles in various nations of North America,” TMR analyst adds. Significant developments in charging infrastructures and the rapid strides taken in EV production in various parts of Europe are further anticipated to be the main driver of the market growth across the region.

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Asia Pacific, at the same time, is experiencing a rise of promising opportunities for market players to focus on. Governments of major economies, across the region, are taking sustained initiatives in the form of subsidies and taxation schemes, which will drive the regional market growth further. “Major producers of EVs in the region, Japan and China are likely to experience burgeoning demand for plastics in electric vehicles,” TMR analyst concludes.

Some of the prominent players operating in the plastics in electric vehicles market are mentioned in this TMR report that include Dow, INEOS, Evonik Industries, DuPont, BASF SE, LyondellBasell Industries Holdings B.V., Formosa Plastics Corporation, and Saudi Basic Industries Corporation (SABIC). By highlighting their key strategies, the report evaluates their impact on the global competitive dynamics over the forecast period.
The regional analysis of the report covers:

North America
• U.S.
• Canada

Latin America
• Mexico
• Brazil
• Peru
• Chile
• Others

Western Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Nordic countries
• Belgium
• Netherlands
• Luxembourg)
• Eastern Europe
• Poland
• Russia

Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• New Zealand

Middle East and Africa
• GCC
• Southern Africa
• North Africa

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