The Global Polymers Used in Electric Vehicles Market was valued at USD 7.6 Billion in 2024 and is projected to reach USD 24.6 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period (2024–2032). This remarkable growth is being propelled by the exponential rise in global EV adoption, the critical need for vehicle lightweighting to extend driving range, and continuous innovation in high-performance materials for batteries and powertrains.

As the automotive industry accelerates its shift toward electrification, the focus intensifies on the advanced material suppliers who are enabling lighter, safer, and more efficient electric vehicles. In this blog, we profile the Top 10 Companies in the Polymers Used in Electric Vehicles Industry—a group of chemical giants and material science innovators shaping the future of sustainable mobility.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Engineering Plastics, Polyurethanes, Battery Materials

BASF SE is a global leader in chemical solutions for the automotive industry, offering a comprehensive portfolio of polymers specifically engineered for electric vehicles. Their materials are critical for applications ranging from lightweight interior and exterior components to advanced thermal management systems for battery packs and power electronics.

Innovation & Sustainability Initiatives:

• Development of Ultramid® Advanced polyamides for high-voltage battery housings and cell holders

• Expansion of production capacity for engineering plastics in Asia and Europe to meet rising EV demand

• Commitment to carbon-neutral growth and circular economy principles through recycled content offerings

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9️⃣ 2. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: LEXAN™ polycarbonate resins, STAMAX™ long glass fiber polypropylene

SABIC is a key global supplier of high-performance thermoplastics, providing materials that enable significant weight reduction in EVs without compromising safety or durability. Their products are used in structural components, battery trays, and interior modules.

Innovation & Sustainability Initiatives:

• Launch of certified renewable polycarbonate for use in interior and exterior parts

• Strategic focus on flame-retardant compounds for battery safety applications

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8️⃣ 3. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Polycarbonate blends, Polyurethanes, Coatings

Covestro AG develops advanced polymer materials that meet the stringent requirements of electric vehicles, including high heat resistance, flame retardancy, and excellent mechanical properties. Their materials are used in battery covers, charging infrastructure, and lightweight interior panels.

Innovation & Sustainability Initiatives:

• Investment in bio-based raw materials and closed-loop recycling projects

• Development of Makrolon® polycarbonate for glazing and large-scale structural parts

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7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Zytel® PA, Hytrel® TPC-ET, Vespel® parts

DuPont offers a wide range of high-performance polymers that provide thermal management, electrical insulation, and durability for EV components. Their materials are essential for electric motors, battery systems, and power electronics.

Innovation & Sustainability Initiatives:

• Advanced materials for thermal runaway protection in lithium-ion batteries

• Focus on renewable and recyclable polymer solutions aligned with EV OEM sustainability goals

Download FREE Sample Report:
Polymers Used in Electric Vehicles Market – View in Detailed Research Report

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6️⃣ 5. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Amodel® PPA, Ryton® PPS, Sulfonyl polymers

Solvay specializes in high-performance polymers that withstand the extreme conditions found in electric vehicle powertrains. Their materials offer exceptional thermal stability, chemical resistance, and electrical properties for demanding applications.

Innovation & Sustainability Initiatives:

• Expansion of PPS capacity to support growing demand for EV motor components

• Development of sustainable portfolios with lower carbon footprint

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5️⃣ 6. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: Durethan® PA, Pocan® PBT, Tepex® composites

Lanxess provides innovative plastic compounds and composites that enable lightweight construction and functional integration in electric vehicles. Their materials are used in battery housings, charging sockets, and structural components.

Innovation & Sustainability Initiatives:

• Launch of halogen-free flame-retardant polyamides for battery applications

• Investment in compounding facilities to serve the Asian EV market

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4️⃣ 7. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Fortron® PPS, Celanex® PBT, GUR® UHMW-PE

Celanese is a leading global producer of high-performance engineering polymers that meet the challenging requirements of electric vehicle systems. Their materials provide critical solutions for thermal management and electrical safety.

Innovation & Sustainability Initiatives:

• Development of conductive polymers for EMI shielding in power electronics

• Focus on materials enabling higher temperature operation in EV powertrains

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3️⃣ 8. LG Chem Ltd.

Headquarters: Seoul, South Korea
Key Offering: Engineering Plastics, Battery Materials, ABS

LG Chem leverages its strong position in the battery value chain to offer integrated polymer solutions for electric vehicles. Their materials are used in battery components, interior parts, and exterior panels.

Innovation & Sustainability Initiatives:

• Development of specialized polymers for battery cell components and packs

• Expansion of carbon nanotube production for conductive polymer applications

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2️⃣ 9. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Xyron™ modified PPO, Leona™ PA66, SUNTEC™ ABS

Asahi Kasei develops high-performance polymers that contribute to the safety, efficiency, and comfort of electric vehicles. Their materials are used in battery modules, motor insulators, and interior components.

Innovation & Sustainability Initiatives:

• Focus on heat-resistant materials for next-generation high-voltage systems

• Development of sustainable engineering plastics with recycled content

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1️⃣ 10. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: VESTAMID® PA12, PLEXIGLAS® molding compounds

Evonik specializes in high-performance polymers that enable innovative solutions for electric mobility. Their materials are used in battery seals, cable jackets, and lightweight structural components.

Innovation & Sustainability Initiatives:

• Development of specialty polyamides for coolant circuits and thermal management

• Investment in bio-based and circular material solutions

Read Full Report:
Polymers Used in Electric Vehicles Market – View in Detailed Research Report

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🔋 Outlook: The Future of EV Polymers Is Smarter and More Sustainable

The polymers market for electric vehicles is undergoing a transformative evolution. While traditional engineering plastics continue to dominate, the industry is rapidly advancing toward bio-based alternatives, smart materials with integrated functions, and enhanced recyclability.

📈 Key Trends Shaping the Market:

• Accelerated development of flame-retardant polymers for enhanced battery safety

• Growing adoption of long-fiber reinforced thermoplastics for structural components

• Integration of conductive fillers for electromagnetic interference (EMI) shielding

• Automaker-material supplier collaborations for customized polymer solutions

Read Full Report:
Polymers Used in Electric Vehicles Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for electric vehicles—they’re driving the technological innovation that makes modern electrified transportation possible.