Press release
APAC Electric Vehicle Plastics Market May See Big Move | BASF, SABIC, LyondellBasell
APAC Electric Vehicle Plastics Market
Some of the key players profiled in the study are:
BASF, SABIC, LyondellBasell Industries Holdings B.V., Evonik Industries, Covestro AG, Dupont, Sumitomo Chemicals Co. Ltd., LG Chem, Asahi Kasei, LANXESS Asia, INEOS Group, AGC Chemicals, EMS-Chemie Holding, Mitsubishi Engineering Plastics Corp..
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Scope of the Report of APAC Electric Vehicle Plastics
The size of the APAC Electric Vehicle Plastics Market market was valued at USD 1.70 billion in 2023 and is projected to reach USD 11.75 billion by 2032, with an expected CAGR of 31.8 % during the forecast period. The APAC Electric Vehicle Plastics Market relates to the creation of unique plastic products utilized in the fabrications of EVs in the Asia-Pacific zone. For these reasons, these plastics are used for interior parts, exterior body panels, battery casings, as well as for wiring insulation. Some of the trends in the market are high demand for lightweight materials to enhance the energy efficiency and mileage, high-performance and recycled plastic materials, and the use of sustainable and environmental friendly plastics in EVs. This market is established on the growth of the electric vehicle industry in APAC, increased demand for fuel-efficient and eco-friendly vehicles, and technologies in plastic manufacturing that meets the Specifications of evs.
The titled segments and sub-section of the market are illuminated below:
Resin: PP, PU
Significant Developments in APAC Electric Vehicle Plastics Sector
LG Chem and Enilive's joint venture: Announced in January 2024, the venture will establish a biorefinery in South Korea, producing bio-feedstock for plastic raw materials
Mitsubishi Chemical Group's acquisition: In April 2023, the group acquired XANTAR and NOVADURAN businesses from Mitsubishi Engineering Plastics Corp., expanding its polycarbonate and polybutylene terephthalate resin portfolio
Market Trends:
Bio-based plastics: Increasing environmental awareness is driving the demand for bio-based plastics derived from renewable resources
Smart plastics: Technological advancements are enabling the development of smart plastics with embedded sensors and electronic functions
What can be explored with the APAC Electric Vehicle Plastics Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyse and Measure the Global APAC Electric Vehicle Plastics Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in APAC Electric Vehicle Plastics
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global APAC Electric Vehicle Plastics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the APAC Electric Vehicle Plastics market
Chapter 2: Exclusive Summary - the basic information of the APAC Electric Vehicle Plastics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the APAC Electric Vehicle Plastics
Chapter 4: Presenting the APAC Electric Vehicle Plastics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2023
Chapter 6: Evaluating the leading manufacturers of the APAC Electric Vehicle Plastics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, APAC Electric Vehicle Plastics Market is a valuable source of guidance for individuals and companies.
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