EVs' plastics use set to rocket in Europe, North America

06/05/2012

With electric vehicle (EV) production set to grow at a compounded annual growth rate of over 80% through to 2017 in Europe and North America, plastics used in these vehicles will also see tremendous growth according to new analysis from Frost & Sullivan (Mountain View, CA). The need to increase EV mileage ranges, paralleled by the inherent advantages of plastics—particularly that of light weight—will drive penetration rates according to the research firm.

The report, entitled Strategic Analysis of Plastics in the Electric Vehicles Market in Europe and North America, finds that the market earned revenues of $500,000 in 2010 and estimates this to reach $73 million in 2017. The research covers power train plastics, battery casing plastics, thermal management system materials and wire and cable plastic materials.
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