Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Electric
Vehicle Plastics Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Electric Vehicle Plastics Market.
The research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Electric Vehicle Plastics Market over the
short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Electric Vehicle Plastics Market is offered. In
accordance with the report, the global Electric Vehicle Plastics Market is
projected to expand at a CAGR of xxx % over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Plastic can be
used as an electric conductor or insulator, and thereby play a unique role in
alternative drive trains and batteries. To improve the overall efficiency of
the vehicles, many manufacturers are now replacing metals with plastics to
manufacturer various components for automobiles, to reduce the overall weight
of the vehicle by 40%.
Global pressure
is growing to continued reduction in greenhouse gas emission. Due to strict
emission norms and stringent government initiatives to encourage adoption of
electric vehicles, there is a considerable increase in electric vehicle,
leading to increased demand for plastics as an essential material required in
manufacturing electric vehicle, which is the major factor that drives the
growth of electric vehicle plastic market. Also, manufacturers need lightweight
material to develop an electric vehicle for enhanced fuel efficiency and
increasing range of battery electric vehicle (BEV), which is also one of the
drivers for electric vehicle plastics market. Additionally, high performing
polymers and elastomers used to incorporate components and functions. This shrinking
helps in reducing space and improving packaging. The largest contributor that
will aid in boosting the electric vehicle plastics market are the battery
electric vehicle. To encourage the growth of BEV, government of various
countries are proposing various tax and non-tax incentives for owners of
vehicles, which will eventually augment the growth of plastics employed in
them. However, the major factor that will hinder the growth of this market in
the forecast period is the recycling of plastic materials used in electric
vehicle. Also, there has been a lack of
charging stations for BEV & HEV operated vehicles which may further
restrain the growth of this market in the coming years.
As a result of
increasing adoption of non-polluting vehicle as a means of transportation, the
region of Europe and North America are flourishing and making attractive
forecasts for the growth of electric vehicle plastic market. Growing
environmental concern and stringent government policies are going to be major
opportunities for growth for key players for electric vehicle plastic market in
the forecast period. A lot of companies
are strategizing growth opportunities including product approvals,
acquisitions, collaborations, partnerships, launches, patents etc. Manufacturers
have already started considering lithium ion battery packs, Ni-MH battery cell
enclosures and snap fit Li-ION battery cell packs made with plastics. In 2015, Faraday Future announced its plans
to build a factory in Las Vegas to manufacturer electric vehicle with a view to
challenge Tesla electric motor.
Segment Covered:
This market
intelligence report on the global Electric Vehicle Plastics Market encompasses
market segments based on application, type, and country/regions.
In terms of Material type, the global Electric
Vehicle Plastics Market is segregated
into
§ Polypropylene
§ Polyurethane
§ Acrylonitrile Butadiene Styrene
§ Polyvinyl Chloride
§ Polyoxymethylene
§ Polystyrene
§ Polycarbonate
§ Polyamide
§ Acrylic
§ Others
By Vehicle type, the global Electric Vehicle
Plastics Market is also
classified into,
§ Hybrid Electric Vehicle
§ Plug in Hybrid Electric Vehicle
§ Battery Electric Vehicle
By Application, the global Electric Vehicle
Plastics Market is also
classified into,
§ Interior Furnishings
ü Seats
ü Arm Rest
ü Head Rest
§ Exterior Furnishings
ü Bumpers
ü Car Body
ü Light
§ Power Plant System
§ Transmission Systems
§ Others
By country/region, the global Electric Vehicle Plastics
Market has been divided
into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Saudi Basic Industries Corporation (SABIC)
§ BASF SE
§ Formosa Plastics Corporation U.S.A
§ Lyondell Basell Industries Holding B.V
§ Evonik Industries
§ INEOS
§ I Du Pont De Nemours and Company
§ The DOW Chemical Company
§ Air Liquid S.A.
§ Tesla Motors
§ Sumitomo Chemical Co. Ltd
§ Mitsui Chemicals Inc.
§ Hexion Inc.
§ Momentive Performance Materials
§ Hanwha Azdel Inc. and many more.
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Electric Vehicle Plastics related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Electric Vehicle Plastics Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Electric Vehicle
Plastics Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Saudi Basic
Industries Corporation, BASF, Formosa Plastics Corporation, Lyonde Basell
Industries, Evonik Industries, INEOS, I du Pont de Nemours and Company, DOW
Chemical, Air Liquid S.A., Sumitomo Chemical Co. Ltd, Mitsui Chemicals, Hexion
Inc, Momentive Performance Materials, Hanwha Azdel Inc. and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Electric Vehicle
Plastics Market caters to the needs
of various stakeholders pertaining to this industry, namely suppliers, manufacturers,
investors, and distributors for Electric Vehicle
Plastics Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Electric Vehicle Plastics Market
v
Identification
of key factors driving investment opportunities in the Electric Vehicle
Plastics Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects