Electric Vehicle (EV) Composites Market Size, Share, By Fiber Type (Carbon Fiber, Glass Fiber, and Other Fibers), By Resin Type (Thermoset Resins, and Thermoplastic Resins), By Vehicle Segment (Ultra-Premium, Premium, and Non-Premium), By Application (Exterior, Interior, Battery Enclosure, and Powertrain & Chassis), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI554524 | Publish Date: August 2024 | No. of Pages: 185

Electric Vehicle Composites Market Share

By Region, the Electric Vehicle (EV) Composites Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. 

Europe dominates the EV market due to strict pollution restrictions and strong carbon reduction ambitions. This enables the area, which is increasingly focused on sustainability and innovation, to support the continuous exploitation of advanced materials in the production of EVs, particularly in the high-end and luxury segments.

North America's EV composites market is driven by increasing demand for sophisticated automotive technologies and a growing emphasis on sustainability. The presence of a well-established sector, as well as backing from regional governments for lighter materials in EV manufacturing, accelerates their adoption.