Press release
Electric Vehicle Plastics Market advanced Research & Growth Opportunities in Global Industry by 2026 Edited by Leading Research Firm
A comprehensive study on Electric Vehicle Plastics market by FMI provides insights into key factors and opportunities facilitating the growth in the market. The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. The survey offers detailed insights into scope for expansion in developed and developing markets through 2026.
Increasing demand for electric vehicles owing to growing environmental awareness supported by innovation, government, and investments made by OEMs, has resulted in a technological revolution in the global automobile industry. Demand for electric vehicles thereby, lead to an increasing demand for allied industries such as plastics which is an essential material required in manufacturing of electric vehicles. Manufacturers need lightweight materials to develop an electric vehicle which is one of the primary drivers for electric vehicle plastics market. Growing environmental concern is expected to increase the demand for electric vehicles which thereby would drive the demand for electric vehicle plastics market over the forecast period.
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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 U.S. will lead the North America Electric Vehicle Plastics market, projecting the fastest growth in the region between 2016 and 2026
• 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 2026.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
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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, INEOS capital Ltd., BSM Group, BASF SE, Plastic Omnium and others.
To offer an in-depth analysis of prevailing competition, the survey provides a thorough market share analysis. The report also highlights key expansion strategies adopted by the Tier 1, Tier 2, and Tier 3 players.
Electric Vehicle Plastics Demand Analysis by Category
Electric Vehicle Type
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in hybrid Electric Vehicle (PHEV)
Plastic Material
• Polypropylene (PP)
• Polyethylene (PE)
• Acrylonitrile- Butadiene Styrene(ABS)
• Polyurethanes (PE)
• Polyamide (PA)
Application
• Interior
• Seats
• Arm Rest
• Bumpers
• Head Rest
Electric Vehicle Plastics Market: Regional Segmentation
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Based on the regional coverage, electric vehicle plastics market has its presence in North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle east and Africa. North America followed by Western and Eastern Europe hold a significant share in the global electric vehicle plastics market in terms of its volume. Asia-Pacific is projected to grow at the highest CAGR over the forecast period. China and Japan contribute significantly to the global sales and production of electric vehicles thereby increasing the demand for electric vehicle plastics market.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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