PUBLISHER: Value Market Research | PRODUCT CODE: 1342935
PUBLISHER: Value Market Research | PRODUCT CODE: 1342935
The global demand for Electric Vehicle Plastics Market is presumed to reach the market size of nearly USD 61.62 BN by 2030 from USD 5.88 BN in 2022 with a CAGR of 29.83% under the study period 2022 - 2030.
Electric vehicle plastics are primary raw materials used in manufacturing supplies and parts that constitute an electric vehicle. Electric vehicle plastic can be an electric conductor or an insulator. Components composed of electric vehicle plastics are found in the cabin, exterior, luggage area, and bonnet area of EV vehicles. EV plastics have a function in propulsion, batteries, and alternative drive trains. Electric vehicle plastics provide longer driving ranges by reducing their weight.
The market for electric vehicle plastics is driven by increasing manufacturers' requirement for lightweight materials to develop electric vehicles. Growing environmental concerns have been boosting the demand for electric vehicles, ultimately fueling the market for electric vehicle plastics. Moreover, factors such as a surge in sales and manufacturing of electric vehicles and strict government mandates on car emissions are augmenting the growth of the electric vehicle plastics market. The decrease in the cost of the raw materials utilized to manufacture electric vehicles is another element fueling the growth of the electric vehicle plastics market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric vehicle plastics. The growth and trends of electric vehicle plastics industry provide a holistic approach to this study.
This section of the electric vehicle plastics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Electric Vehicle Plastics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric vehicle plastics market include BASF SE, SABIC, LyondellBasell Industries Holdings B.V., Evonik Industries, Covestro AG, Dupont, Sumitomo Chemicals Co. Ltd., LG Chem, Asahi Kasei, LANXESS, INEOS Group, Celanese Corp., AGC Chemicals, EMS Chemie Holding, Mitsubishi Engineering Plastics Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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