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Plastics for Electric Vehicle Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2027

02-23-2022 01:45 PM CET | Energy & Environment

Press release from: The Insight Partners

Plastics for Electric Vehicle Market

Plastics for Electric Vehicle Market

The plastic for electric vehicle market was valued at US$ 966.09 million in 2019 and is projected to reach US$ 4,021.72 million by 2027; it is expected to grow at a CAGR of 19.7% from 2020 to 2027.

Plastics can be an electric conductor and also an insulator. Thermoplastics polymer can be produced in various shapes and designs as per the requirement of electric vehicles due to the high versatility and easy moldability of plastics. The use of plastics for electric vehicles reduces the weight of these vehicles, which provides a greater range between recharges. Plastics offer excellent heat resistance that enables the construction of battery compartments and cooling systems and do not hamper the durability and safety provided by electric vehicles. The global plastic for electric vehicle market in North America is expected to grow at the highest CAGR of 20.0% during 2020-2027.

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The Prominent/Emerging Players in the Plastics for Electric Vehicle Market Research includes:

• BASF SE
• Solvay S.A.
• DuPont de Nemours, Inc.
• The Dow Chemical Company
• LG Chem Ltd
• Lanxess AG
• Sabic
• Covestro AG
• Asahi Kasei Corporation
• LyondellBasell Industries Holdings B.V

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Plastics for Electric Vehicle Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Our expert team is consistently working on updated data and information of key player's related business processes which values the market. For future strategies and predictions, we provide special section regarding covid-19 situation.

Market Segmentation:

By Plastic Type (Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and Others), Component (Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others), Vehicle Type (BEV and PHEV/HEV), and Application (Powertrain System/Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring)

Key Elements that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the market
• Key market trends cracking up the growth of the Plastics for Electric Vehicle market
• Challenges to market growth.
• Key vendors of the market
• Detailed SWOT analysis.
• Opportunities and threats face by the existing vendors in global market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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Contact Us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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