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The composites and plastics market for all applications in electric vehicles is primarily driven by the lightweighting trend in the electric vehicle industry. While Europe recorded a positive trend due to high electric vehicle production compared to North America, the North American region is showing positive signs of growth and is expected to surpass Europe by 2022. The plastics segment dominates the overall composites and plastics demand in electric vehicles at present. However, the composite segment is likely to gain popularity due to its performance competency with metals. Germany and the US lead the league of European and North American electric vehicle composites and plastics market in terms of volume.
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