Electric vehicle polymers are the type of polymers used in electric cars and helps in increasing the efficiency of the vehicle by dropping the weight of the vehicle. Polymers resemble the uniqueness of metals such as better flame toughness, retardancy and insulating properties.
Electric Vehicles Polymer Market is estimated to reach a value of USD 6.49 billion by 2028 and is expected to grow at a compound annual growth rate of 7% for the forecast period of 2021 to 2028. Data Bridge Market Research report on electric vehicles polymer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
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The major players covered in the electric vehicles polymer market report are:
BASF SE, DuPont, Dow, Covestro AG, Celanese Corporation, SABIC, Solvay, LANXESS, LG Chem, Asahi Kasei Corporation, Evonik Industries AG, DAIKIN INDUSTRIES, Ltd., Arkema, Mitsubishi Engineering-Plastics Corporation, JSR Corporation, AGC Chemicals Americas, Sumitomo Chemical Co., Ltd., LyondellBasell Industries Holdings B.V., Elkem ASA and DSM among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Electric Vehicles Polymer Market, By Type (Engineering Plastics, Elastomers, Others), Component (Powertrain, Exterior, Interior, Others), Vehicle Type (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-in hybrid electric vehicles (PHEVs)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
However, the fluctuating raw material prices and high cost of polymers are expected to act as key restraint towards electric vehicles polymer market growth rate in the forecast period of 2021 to 2028. Whereas, the rise in need for technologically advanced polymers from electric car manufacturers is expected to challenge the growth of the electric vehicles polymer market in the above mentioned forecast period.
Furthermore, the high adoption of polymers in new components of electric cars and the various advantages related with the polymers such as weight reduction which helps in getting enhanced mileage or better fuel efficiency are expected to offer a variety of growth opportunities for the electric vehicles polymer market in the above mentioned forecast period.
Global Electric Vehicles Polymer Market Scope and Market Size
The electric vehicles polymer market is segmented on the basis of type, component and vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
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Based on type, the electric vehicles polymer market is segmented into engineering plastics, elastomers and others. Engineering plastics have further been segmented into polypropylene, polyphenylene sulphide (PPS), acrylonitrile butadiene styrene (ABS), fluoropolymer, polyurethane, thermoplastic polyester, polycarbonate, polyamide and others. Elastomers have further been segmented into natural rubber, silicone elastomer, synthetic rubber and fluoroelastomer.
On the basis of component, the electric vehicles polymer market is segmented into powertrain, exterior, interior and others.
The vehicle type segment for electric vehicles polymer market is segmented into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs).
Competitive Landscape and Global Electric Vehicles Polymer Market Share Analysis
The electric vehicles polymer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric vehicles polymer market.
