The global demand for Plastics for Electrical Vehicle Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
The electric vehicle comprises a larger battery size and a smaller combustion engine. To reduce the overall weight of the vehicle use of lightweight material such as plastic is imperative in the manufacturing of electric vehicles. Plastic is used to make various parts of the electric vehicle. It is used in making airbags, windshields, seatbelts, windows, and sunroofs. Modern plastic polymer combinations are used to make lightweight seats, instrument panels, dashboards, door panels, sound control fabrics, etc. Vehicle exteriors parts like lights, bumpers, hoods are made up of superior quality plastic. High-temperature tolerant plastic is applied to make engine parts, chassis, etc. Plastic due to its unique properties offers many benefits such as the reduction in weight, excellent resistance to extreme weather conditions, reduction in carbon emission, enhancement of safety, and cost reduction.
The predominant factor that is driving the global electric vehicle plastic market is the rapidly increasing demand for electric vehicles. The unique characteristics such as lightweight, safety, cost-effectiveness are contributing to the inclined demand for plastic in the electric vehicle. Increasing demand for bio-plastics and anti-microbial plastics & additives is further supporting the global market. Furthermore, factors such as government initiatives and support for electric vehicles, entry of innovative products are also propelling the global market.
The 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 inclusive assessment of each application/product segment in the global market of plastics for electrical vehicle.
The entire plastics for electrical vehicle market has been sub-categorized into plastic, application, component and vehicle. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polymethylmethacrylate (PMMA)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polybutylene Terephthalate (PBT)
- Powertrain System/ Under Bonnet
- Lighting & Electric Wiring
- Interior Trim
- Car Upholstery
- Exterior Trim
- Electric Wiring
This section covers regional segmentation which accentuates on current and future demand for plastics for electrical vehicle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plastics for Electrical Vehicle Market Share by Region (Representative Graph)
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 plastics for electrical vehicle market include Saudi Basic Industries Corporation (SABIC), BASF SE, Formosa Plastics Corporation, U.S.A., LyondellBasell Industries Holdings B.V., Evonik Industries, INEOS, I. du Pont de Nemours and Company, The Dow Chemical Company, Air Liquide S.A., Sumitomo Chemical Co., Ltd. This section includes 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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