Electric vehicle plastics play a critical role in the manufacturing of electric vehicles (EVs). These high-performance plastics are lightweight, durable, and offer excellent electrical insulation properties. They are used in various EV components, including battery enclosures, interior trims, exterior body parts, and charging connectors. The growing adoption of electric vehicles worldwide is driving the demand for electric vehicle plastics in the automotive industry.
As per the recent research conducted by a leading market insights provider FMI, the global Electric Vehicle Plastics market will expand at a healthy CAGR over the forecast period between 2022 and 2026. The aim of this study is to analyze key market dynamics affecting the sales of Electric Vehicle Plastics and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Electric Vehicle Plastics Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Electric Vehicle Plastics market.
Key Electric Vehicle Plastics Market Takeaways and Projections
- The US will lead the North America Electric Vehicle Plastics market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Electric Vehicle Plastics market. It also profiles a list of prominent companies including DuPont, Dow Chemical Company, Evonik Industries AG., INEOS capital Ltd., BSM Group, BASF SE, Plastic Omnium and others.
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Electric Vehicle Plastics Demand Analysis by Category
Electric vehicle plastics market can be segmented on the basis of electric vehicle type which includes:
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-in hybrid Electric Vehicle (PHEV)
Electric vehicle plastics market can be further segmented on the basis of plastic material used in manufacturing, which includes:
- Polypropylene (PP)
- Polyethylene (PE)
- Acrylonitrile- Butadiene Styrene(ABS)
- Polyurethanes (PE)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral (PVB)
- Polyvinyl Chloride (PVC)
- Others
Electric vehicle plastics market can be segmented on the basis of application, which includes:
- Interior
- Seats
- Arm Rest
- Bumpers
- Head Rest
- Others
- Exterior
- Car Body
- Lights
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Electric Vehicle Plastics market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Electric Vehicle Plastics market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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