The worldwide adoption of electric and hybrid vehicles and associated technological innovations are driving the need for specialized materials that can meet the unique challenges of EV components. Resins used in EV construction include polyurethanes, epoxies, unsaturated polyesters, and silicones systems. Polyurethanes have the dominant share of this resin market segment because of their key product properties such as excellent thermal profiles, high flexibility, resiliency and vibration resistance, excellent tensile properties, superior adhesive properties, chemical and abrasion resistance, and durability. Polyurethanes also offer processing versatility in assembly of EV components. A CAGR’s of 15-20% has been projected for polyurethane materials in this market.