The Global Plastics in Electric Vehicles Market was valued at USD 3.5 Billion in 2024 and is projected to reach USD 8.9 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period (2024–2032). This growth is being driven by the global electric vehicle revolution, stringent emission regulations, and automakers’ strategic focus on weight reduction to maximize battery range and vehicle efficiency.
As the automotive industry accelerates toward electrification and sustainable mobility solutions, the focus shifts to advanced material suppliers who are enabling lighter, safer, and more efficient electric vehicles. In this blog, we profile the Top 10 Companies in the Plastics in Electric Vehicles Industry—a combination of chemical conglomerates, polymer specialists, and material innovators shaping the future of electric transportation.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: Engineering Plastics, Polyamides, Polyurethanes, and Sustainable Material Solutions
BASF stands as the global leader in EV plastics, offering comprehensive portfolios like Ultramid® polyamides and Elastollan® thermoplastic polyurethanes specifically designed for battery enclosures, thermal management systems, and lightweight structural components across global automotive markets.
Sustainability Initiatives:
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Developing polyamides with up to 100% bio-content for interior applications
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Ultramid® Advanced N launched in January 2024 for high-voltage battery applications
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Committed to achieving net-zero emissions by 2050
Download FREE Sample Report: Plastics in Electric Vehicles Market – View in Detailed Research Report
9️⃣ 2. DuPont de Nemours, Inc.
Headquarters: Wilmington, Delaware, USA
Key Offering: Engineering Polymers, Thermal Management Solutions, Flame-Retardant Compounds
DuPont delivers specialized plastic formulations for electric vehicle battery packs, charging infrastructure, and power electronics, maintaining significant market presence in premium EV segments globally.
Sustainability Initiatives:
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Advanced polyamide compounds with enhanced flame retardancy for battery modules
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Strategic partnerships with major automakers for application-specific material development
8️⃣ 3. Covestro AG
Headquarters: Leverkusen, Germany
Key Offering: Polycarbonate Blends, Thermoplastic Polyurethanes, Bio-based Materials
Covestro is expanding production capacity for polycarbonate blends at their Shanghai facility to meet growing Asia-Pacific EV demand.
Sustainability Initiatives:
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Production expansion targeting 40% output increase for EV applications
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Focusing on thermally conductive plastics for battery cooling systems
7️⃣ 4. Solvay SA
Headquarters: Brussels, Belgium
Key Offering: Specialty Polymers, High-Performance Plastics, Composite Materials
Solvay provides advanced polymer solutions specifically engineered for electric vehicle applications, including battery housings, cooling plates, and electrical insulation components.
Sustainability Initiatives:
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Developing multifunctional plastic composites that combine load-bearing capability with thermal regulation.
6️⃣ 5. Evonik Industries AG
Headquarters: Essen, Germany
Key Offering: VESTAMID® Polyamides, High-Temperature Resistant PolymersEvonik specializes in high-performance plastics for demanding EV applications, particularly in battery thermal management and power electronics.
Innovation Focus:
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Specialized polyamide grades capable of withstanding continuous operation at 150°C.
Download FREE Sample Report: Plastics in Electric Vehicles Market – View in Detailed Research Report
5️⃣ 6. Röchling Group
Headquarters: Mannheim, Germany
Key Offering: Engineered Plastics, Custom Compounds, Technical ComponentsRöchling focuses on application-specific solutions for electric vehicles, leveraging their expertise in automotive-grade plastics for structural and thermal applications.
Sustainability Initiatives:
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Application-specific polymer formulations for lightweight structural components
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Developing thermally conductive plastics and flame-retardant formulations.
4️⃣ 7. The Dow Chemical Company
Headquarters: Midland, Michigan, USA
Key Offering: Engineering Thermoplastics, Polyolefins, Composite MaterialsDow Chemical provides specialized plastic materials for electric vehicle applications, with particular focus on battery system components and lightweight interior solutions.
Innovation Focus:
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Expanding production of high-temperature resistant plastics for power electronics applications.
3️⃣ 8. SABIC
Headquarters: Riyadh, Saudi Arabia
Key Offering: Engineering Plastics, LNP™ Compounds, Thermoplastic SolutionsSABIC is enhancing its portfolio of engineering plastics specifically for electric vehicle applications.
Sustainability Initiatives:
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Developing flame-retardant polycarbonate compounds for battery enclosures and charging components.
2️⃣ 9. Mitsubishi Chemical Group
Headquarters: Tokyo, Japan
Key Offering: Polycarbonate Resins, Specialty Compounds, Sustainable Material SolutionsMitsubishi Chemical is strengthening its position through vertical integration, combining resin production with compounding capabilities.
Innovation Focus:
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Vertical integration strategy enhancing supply chain efficiency for EV plastics
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Focus on developing bio-based alternatives to conventional automotive plastics through major R&D initiatives.
1️⃣ 10. Toray Industries, Inc.
Headquarters: Tokyo, Japan
Key Offering: Advanced Engineering Plastics, Composites, Material SolutionsToray Industries is expanding its production capabilities for advanced polymer composites that enable weight reduction in next-generation EV architectures.
Sustainability Initiatives:
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Strategic partnerships with battery manufacturers for integrated system solutions.
Download FREE Sample Report: Plastics in Electric Vehicles Market – View in Detailed Research Report
🌍 Outlook: The Future of EV Plastics Is Smarter and More Sustainable
The plastics in electric vehicles market is experiencing rapid transformation as material science innovations converge with automotive electrification requirements. While conventional plastics still maintain volume presence, the industry is investing significantly in advanced polymer composites, bio-based materials, and multifunctional solutions that balance performance, cost, and environmental impact.
📈 Key Trends Shaping the Market:
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Development of flame-retardant plastics for enhanced battery safety and thermal management
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Rapid expansion in EV battery production capacity driving polymer demand growth exceeding 28% annually
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Bio-based and recycled plastic content targets increasing to 30-50% for interior applications
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Material qualification processes being streamlined to reduce adoption timelines
Get Full Report Here: Plastics in Electric Vehicles Market – View in Detailed Research Report
The companies listed above are not only providing essential materials for electric mobility—they’re pioneering the sustainable transformation of global transportation.
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