Electric Vehicle Plastics Market 2021 Size, Growth Analysis Report, Forecast to 2027

Increasing demand for electric vehicles owing to growing environmental awareness supported by innovation, government initiatives, and investments made by OEMs has resulted in a technological revolution in the global automobile industry. The need for electric vehicles propels allied sectors such as plastics, an essential material required in the manufacturing of the former. Manufacturers need lightweight materials to develop electric vehicles, which is the primary driver of the global electric vehicle plastics market. Environmental concerns are expected to increase the requirement for electric vehicles, thereby driving the electric vehicle plastics market over the forecast period. With a shift in consumer need toward automobiles which contribute to fewer greenhouse gas emissions, highly fuel-efficient electric vehicles and their variants are being manufactured by almost all major automakers owing to the improving year-on-year sales of this product, directly influencing the development of the electric vehicle plastics market. Another contributing factor is the decline in the prices of raw materials used in the manufacture of electric vehicles.

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Electric Vehicle Plastics Market Segmentation:

The global electric vehicle plastics market is segmented on the basis of plastic type, application, vehicle type. On the basis of plastic type the market is segmented as acrylonitrile butadiene styrene (ABS), polypropylene (PP), polyvinyl chloride (PVC), polyethylene (PE), polycarbonate (PC), polyamide (PA), polybutylene terephthalate (PBT), polyurethane (PU), polyoxymethylene (POM), others. On the basis of application the market is segmented as exterior, interior, powertrain system/under bonnet, lighting and electric wiring. On the basis of vehicle type the market is segmented as battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), hybrid electric vehicles (HEV).

Company Profile

• Asahi Kasei Corporation
• BASF SE
• Covestro AG
• Dow Chemical Company
• DuPont de Nemours, Inc.
• LANXESS
• LyondellBasell Industries Holdings B.V.
• Mitsui Chemicals, Inc.
• SABIC
• Solvay

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Electric Vehicle Plastics Market Report

• What was the Electric Vehicle Plastics Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Electric Vehicle Plastics Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Electric Vehicle Plastics Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.