Press release
Electric Vehicle Plastics Market: Global Industry Analysis and Forecast 2017 - 2025
While metal is the go-to material when it comes to manufacturing of various components for automobiles, the resultant increase in weight of vehicles have led the automobile manufacturers to look out for alternatives in order to improve the overall efficiency of vehicles. Hence, plastics are common materials after metals that are utilized currently to build various parts of a vehicle. From the perspective of electric vehicles, higher quantity of plastic material is used than the conventional vehicles owing to inclusion of larger battery pack, smaller size of internal combustion engine and demand for lightweight materials to improve fuel efficiency. Electric vehicle plastics are those raw materials, which are prominently used to manufacture parts and supplies that make up an electric vehicle. Electric vehicle plastics made components can be found in the interior, exterior, luggage section and bonnet section of an electric vehicle. Inclusion of plastic based parts is advantageous as it can cover over half the volume of the electric vehicle alongside contributing less than 15% of the weight of the electric vehicle. Rise in sales and production of electric vehicles coupled with Government regulations on automobile emissions are some of the key factors attributing to the growth of electric vehicle plastics market in the coming years.
A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/13375
Electric Vehicle Plastics Market: Dynamics
With a move towards manufacturing automobiles that contribute less greenhouse gases emissions and highly fuel efficient, electric vehicles and its variants are being manufactured by almost all the major automobile manufacturers owing to improving year on year sales of electric vehicles directly influencing the growth of the electric vehicle plastics market. Another factor that drives the growth of the market is the decrease in the prices of raw materials used in the manufacture of electric vehicles. The increasing involvement of plastics as raw materials to build automotive parts and supplies is also one of the major factors attributing to the growth of the electric vehicle plastics market.
Electric Vehicle Plastics Market: Regional Outlook
The electric vehicles market in North America and Western Europe region are flourishing at a healthy rate as a result of increasing adoption of non-polluting vehicles as a means of transportation, thereby rendering an attractive prospect for the growth of electric vehicle plastics market. Close on the heels of the above two regions, Asia Pacific region along with Japan has also witnessed a healthy sales of electric vehicles especially in China further improving the demand of such vehicles paving a way for the growth of the electric vehicle plastics market. In contrast, the market in Latin America and Middle East & Africa region may witness a slower growth rate of electric vehicle plastics due to lower demands and sales of electric vehicles, but may improve in later years when the demand for fossil fuels increases.
Request to view Table of content @ www.persistencemarketresearch.com/toc/13375
Electric Vehicle Plastics: Market Participants
Examples of some of the participants involved in the manufacture of Global Electric Vehicle Plastics are: Saudi Basic Industries Corporation (SABIC), BASF SE, Formosa Plastics Corporation, U.S.A., LyondellBasell Industries Holdings B.V., Evonik Industries, INEOS, I. du Pont de Nemours and Company, The Dow Chemical Company, Air Liquide S.A., Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., Hexion Inc., Momentive Performance Materials, Hanwha Azdel, Inc.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle Plastics Market: Global Industry Analysis and Forecast 2017 - 2025 here
News-ID: 531342 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
