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Carbon Nanomaterials Market Analysis, Trends, Growth, Research And Forecast 2032
Carbon Nanomaterials Market
The Business Research Company's Electric Vehicle Polymers Global Market Report 2023 identifies the increasing demand for electric vehicles
as the major driver for the electric vehicle polymers market's growth in the forecast period. An electric vehicle is a vehicle that runs on one or more electric motors that draw electricity from an external power source. Polymers are used in electric vehicles to reduce weight, boost efficiency, durability, and design flexibility.
The global electric vehicle polymers market size is expected to grow from $7.82 billion in 2022 to $12.73 billion in 2023 at a compound annual growth rate (CAGR) of 62.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of electric vehicle polymers market is expected to reach $82.03 billion in 2027 at a CAGR of 59.3%.
Download Free Sample Of Electric Vehicle Polymers Market Report -https://www.thebusinessresearchcompany.com/sample_request?id=12037&type=smp
Major competitors in the electric vehicle polymers market are BASF SE, Saudi Basic Industries Corporation, LG Chemical Ltd., 3M Co, Sumitomo Chemical Co Ltd., Toray Industries Inc., Evonik Industries AG, Covestro AG, Shin-Etsu Chemical Co Ltd., Asahi Kasei Corporation, Solvay S.A., Mitsui Chemicals Inc., DuPont de Nemours Inc., Arkema SA, Celanese Corporation, Koninklijke DSM NV, Lanxess AG, Tosoh Corporation, DIC Corporation, Teijin Limited, Kumho Petrochemical Co Ltd., Ube Industries Ltd., Zeon Corporation, JSR Corporation, Kuraray Co Ltd., Sumitomo Bakelite Co Ltd., Mitsubishi Engineering-Plastics Corporation, and Polyplastics Co Ltd.
A key trend in the electric vehicle polymers market includes product innovations. Companies operating in the electric vehicle polymers market are innovating new products to sustain their position in the market. For instance, in March 2023, Solvay, a Belgium-based chemical company, launched Xydar LCP G-330 HH, a new polymer for high-heat electric vehicle battery module insulation. A new liquid crystal polymer grade, Xydar LCP G-330 HH, will boost passenger safety during a battery thermal runaway. It is a brand-new high-heat and flame-resistant grade explicitly designed for the battery module plates of electric vehicle models running on higher voltage systems. It fulfills demanding thermal and insulation requirements. It is an injection-molded glass-filled LCP that can maintain its electrical insulation after being exposed to 400°C for 30 minutes. Without the addition of halogen or bromine additives, Xydar LCP is a naturally flame-resistant polymer.
Read More On The Global Electric Vehicle Polymers Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-polymers-global-market-report
The electric vehicle polymers market is segmented -
• By Type: Engineering Plastics, Elastomers
• By Component: Powertrain System, Exterior, Interior
• By End User: Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Fuel Cell Electric Vehicle (FCEV)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the electric vehicle polymers market.
The Business Research Company's "Global Electric Vehicle Polymers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electric Vehicle Polymers Market Include:
1. Executive Summary
2. Electric Vehicle Polymers Market Characteristics
3. Electric Vehicle Polymers Market Trends And Strategies
4. Electric Vehicle Polymers Market - Macro Economic Scenario
……
32. Global Electric Vehicle Polymers Market Competitive Benchmarking
33. Global Electric Vehicle Polymers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Vehicle Polymers Market
35. Electric Vehicle Polymers Market Future Outlook and Potential Analysis
36. Appendix
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