Top EV Plastics Suppliers in North America – Forecast to 2027
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The plastic for electric vehicle market in North America is expected to grow from US$ 213.50 million in 2019 to US$ 904.89 million by 2027; it is estimated to grow at a CAGR of 20.0% from 2020 to 2027.
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Bio-based plastics encompass a wide array of materials, including mass-market polymers such as Polyethylene Terephthalate (PET), bio-based Polyethylene (PE), performance-grade polymers, and thermoplastic co-polyester elastomers (TPC-ET). As the automotive industry increasingly emphasizes reducing CO₂ emissions, the adoption of bio-plastics over recycled plastics is gaining traction—particularly in non-visible vehicle components. This shift is helping reduce overall vehicle weight, thereby improving efficiency and sustainability.
