Market Research Report
Europe Electric Vehicle Polymer Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||933558|
|Published||Content info||174 Pages
Delivery time: 2-3 business days
|Europe Electric Vehicle Polymer Market Forecast 2020-2028|
|Published: April 27, 2020||Content info: 174 Pages||
The European electric vehicle polymer market is estimated to register a CAGR of 34.11% over the forecast period, 2020-2028. European production of electric vehicles is allied with its international objectives to ensure that two-thirds of its global sales are driven by electric vehicles.
The European electric vehicle polymer market is further analyzed by segmenting the region into countries such as France, the UK, Poland, Germany, Belgium, Russia, Italy, and the rest of Europe that includes Finland, Netherlands, Sweden, Norway, and other countries. In Russia, the government is taking dynamic measures to stimulate the development of electric transport in Russia and popularize it among the local population. The government plans to allocate funds for R&D activities in the field of electric cars and the establishment of their production unit within Russia. The new strategy also entails developing refueling infrastructure and providing various benefits for owners of these cars. Belgium is home to several passenger car assembly plants. Toyota Motor Europe conducts business in Europe, including its headquarters, logistic centers, and R&D centers.
Poland is one of the world's leading auto electronics and auto manufacturing hubs. In the rest of European countries, growing environmental awareness and investments by the automotive industry are expected to create opportunities for EV technologies, and promote the growth of the market in the region. Norway has the highest EV adoption rate in the world, with more than 30% of the electric vehicles being sold in 2017.
Arkema SA, Celanese Corporation, BASF SE, Covestro AG, China Petroleum & Chemical Corporation, etc. are some of the renowned companies operating in the region.
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