"A strong research methodology used in the widespread Automotive Plastics for Electrical Vehicle Market report consists of data models that include market overview and guide, vendor positioning grid, market time line analysis, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. In this report, a methodical SWOT analysis & investment analysis is performed which forecasts forthcoming opportunities for the market players. With the efficient use of technology, innovative applications and expertise, Automotive Plastics for Electrical Vehicle Market research report is structured which successfully manages large and complex market data tables. Businesses can thrive in this swiftly changing marketplace by adopting such market report.
The persuasive Automotive Plastics for Electrical Vehicle Market report helps effortlessly figure out brand awareness and perception of the brand and product among potential customers of the Automotive Plastics for Electrical Vehicle Market industry. Few aspects are kept into view while formulating this global market report and include the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The report estimates 2023-2030 market development trends for Automotive Plastics for Electrical Vehicle Market industry. Automotive Plastics for Electrical Vehicle Market analysis report puts on view significant product developments and tracks recent acquisitions, mergers and research in the Automotive Plastics for Electrical Vehicle Market industry by the key players.
Data Bridge Market Research analyses that the automotive plastics for electrical vehicle market is expected to undergo a CAGR of 27.40% during the forecast period. This indicates that the market value, which was USD 767.00 million in 2021, would rocket up to USD 5322.93 million by 2029
Explore Further Details about This Research Automotive Plastics for Electrical Vehicle Market Report https://www.databridgemarketresearch.com/reports/global-automotive-plastics-for-electrical-vehicle-market
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Plastic Type (Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral (PVB), Polyurethane (PU), Polypropylene (PP), Polyvinyl Chloride (PVC), Polymethyl Methacrylate (PMMA), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polybutylene Terephthalate (PBT)), Component (Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, Body, Exterior Trim, Battery, Engine, Other), Vehicle Type (Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs)), Application (Powertrain System/Under Bonnet, Exterior, Interior, Lighting and Electric Wiring) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | BASF SE (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Arkema (France), DOW (U.S.), Evonik (Germany), SOLVAY (Belgium), DuPont (U.S.), SABIC (Saudi Arabia), Formosa Plastics Corporation, U.S.A. (U.S.), INEOS (U.K.), Air Liquide (France), Sumitomo Chemical Co., Ltd. (Japan), Hexion (U.S.), Momentive (U.S.), Hanwha Azdel, (U.S.), Covestro AG (Germany), Celanese Corporation (U.S.), LG Chem (South Korea), Sumitomo Chemical CO., LTD (Japan), Lanxess (Germany), Asahi Kasei Corporation (Japan) |
Market Opportunities |
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Market Definition
Plastic is the major component of electric vehicles, which are categorized as electric vehicle plastic. Metallic batteries are widely used in electric vehicles, but due to heavy metal weight, the vehicle does not function correctly. As a result, plastic is used to keep the car running smoothly. Electric vehicle plastic is widely used in the manufacturing of electric vehicles. Polyoxymethylene (POM), Polystyrene (PS), Polycarbonate, Polyamide (PC), Acrylic (PMMA), Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Polyurethane (PUR), and others are examples of plastic vehicles with applications in exterior and interior furnishings, transmission systems, power plant systems, and others.
Automotive Plastics for Electrical Vehicle Market Dynamics
Drivers
- Rising demand for battery electric vehicles
The focus of manufacturers are shifting towards the electric vehicles in the developed and developing countries which will hamper the growth of existing IC engine vehicles and also help in the growth of the automotive plastics for electrical vehicle market. According to IEA, the Netherlands, Norway and Japan are leaders in the electronic vehicles segment. Norway held the share of 46% in terms of the global new electric car sales which has reported by IEA in 2018. So, with the growing demand for electric vehicles, the manufacturer is looking to decrease the weight of the vehicles, which are expected to drive the growth rate of the automotive plastics for the electrical vehicle market during the forecast period.
- Rising use of flexible polyurethane in electrical vehicle
Growing use of flexible polyurethane in the automotive sector are expected to drive the growth rate of the automotive plastics for electrical vehicle market during the forecast period. Flexible polyurethane is employed in cars for sound insulation and vibration dampening, increasing the demand for flexible polyurethane for the electrical vehicle in the automotive industry.
- Growing demand for light electrical vehicles
Light electrical vehicles are expected to drive the demand of automotive plastics for electrical vehicles during the forecast period along with the increasing consumer traction. Also, the price compatibility and millennial consumers are the major reason for opting the light electrical vehicles. The rising demand of light vehicles are expected to increase the revenue growth of the automotive plastics for electrical vehicle market.
Opportunities
- Several modification associated with the automotive plastics
The government favourable policies and stringent emission regulation towards then adoption of electric cars are the major factors which bolstering the demand of plastics for electric vehicle. Furthermore, OEMS are concentrating on safety, strength, and cost-effective plastics with high temperature resistive property for the battery compartment area. This trend is expected to create new lucrative opportunities for the plastic provider, which are lighter in weight and comparatively less expensive than metal components. These are some factors which will create immense for the growth of the automotive plastics for electrical vehicle market in upcoming years.
Moreover, the rising usage anti-microbial plastics or additives in electric vehicles and increasing use of bio-plastics in electric vehicles are fostering ample opportunities for the growth of the automotive plastics for electrical vehicle market.
The investment made in the study would provide you access to information such as:
- Automotive Plastics for Electrical Vehicle Market [Global Automotive Plastics for Electrical Vehicle Market – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major Automotive Plastics for Electrical Vehicle Market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Automotive Plastics for Electrical Vehicle Market research report.
- Interaction with research scientists and development heads to understand the nature of the Automotive Plastics for Electrical Vehicle Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Automotive Plastics for Electrical Vehicle Market size
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