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2022
Electric Vehicle Plastic Market

Electric Vehicle Plastic Market by Type {Polypropylene (PP), Polyurethane (PUR), Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Polyoxymethylene (POM), Polystyrene (PS), Polycarbonate, Polyamide (PC), Acrylic (PMMA)and others (Polyethylene)}, Vehicle Type {Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs)}, Application {Interior Furnishings, Exterior Furnishings, Power Plant Systems, Transmission system, and others} : Global Opportunity Analysis and Industry Forecast, 2021–2028

A15856
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Jul 2022 | 218 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Plastic makes up the components of electric vehicles, which are classified as electric vehicle plastic. Metallic batteries are used in most electric vehicles, but the weight of the metal prevents the vehicle from functioning correctly. As a result, plastic is utilized to keep the car running smoothly. Electric vehicle plastic is used to manufacture and supply parts for electric vehicles. The luggage compartment, interior, exterior, and bonnet section are all comprised of electric car polymers. Polypropylene (PP), Polyurethane (PUR), Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Polyoxymethylene (POM), Polystyrene (PS), Polycarbonate, Polyamide (PC), Acrylic (PMMA), and others (Polyethylene) are examples of plastic vehicles with applications in interior and exterior furnishings, power plant systems, transmission systems, and others (Polyethylene)

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for

Years

 2020-2028

  Base Year Considered

  2020

  Forecast Period

 

  2021-2028

  Forecast Unit

 

  Value (USD)

 Segments Covered

 

Material, Vehicle , Application and Region

   Companies covered

Saudi Basic Industries Corporation, BASF SE, Formosa Plastics Corporation, 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.

 

COVID-19 Impact Anaysis

  • Due to the COVID-19, the Asia-Pacific region was hit by a loss of more than 3 million.
  • Due to the lockdown being announced, the revenue generated by the market was affected.
  • The spread of the coronavirus and the imposition of lockdown have slowed down the production of materials and chemicals, affecting the supply of plastic for electric vehicles.

Top Impacting Factors

Due to the trend of lightweight plastic, the electric vehicle plastics market is having a lucrative growth. Battery electric vehicle (BEV) is the largest contributor to the electric plastic market which will boost the growth of electric vehicle plastic. Due to the plastic, the weight of the vehicle is reduced which results in performance and increases the demand for electric vehicle plastics. However, the issue regarding the recycling of plastic materials in electric vehicle can restrain the growth of the market. The use of vehicle plastic can be used in advanced technologies for hybrid, battery electric vehicles and plug-in-hybrid vehicles which creates opportunities. The rules and regulations of the government on the automobile emission and rise of the sale of electric vehicles have driven the growth of the electric vehicle plastic market. 

Market Trends

  • The Asia-Pacific has the biggest electric vehicle plastic market as it has a hub for electric vehicles.
  • Asia-Pacific, Japan and China are the, leading players in the vehicle market.
  • In Asia-Pacific incentives are being provided by the government to support the demand for electric vehicles which results in high demand for the product.
  • In LAMEA the growth of electric vehicle plastic is not much as the demand and sale of electric vehicle is less.
  • North America and Western and Eastern Europe also have a share in the electric vehicle plastic market.
  • Vendors can attract many customers and can grow their market by using many new features and technologies.
  • With the help of this the Asia Pacific region can have lucrative growth in the electric vehicle market in the coming years.

Key Benefits of the Report

  • This study presents the analytical depiction of the electric vehicle plastic market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the electric vehicle plastic market share.
  • The current market is quantitatively analyzed from 2019 to 2028 to highlight the electric vehicle plastic market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed electric vehicle plastic market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Electric Vehicle Plastic Market Report

  • Who are the leading market players active in the electric vehicle plastic market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
By Material
  • Polypropylene (PP)
  • Polyurethane (PUR)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyvinyl Chloride (PVC)
  • Polyoxymethylene (POM)
  • Polystyrene (PS)
  • Polycarbonate (PC)
  • Polyamide (PA)
  • Acrylic (PMMA)
  • Others (Polyethylene)
By Vehicle
  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs)
By Application
  • Interior furnishing
  • Exterior furnishing
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of LAMEA
 
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