PUBLISHER: Value Market Research | PRODUCT CODE: 1264125
PUBLISHER: Value Market Research | PRODUCT CODE: 1264125
The global demand for Electric Vehicle Engineering Plastics Market is presumed to reach the market size of nearly USD 12970.71 MN by 2030 from USD 898.22 MN in 2022 with a CAGR of 39.62% under the study period 2023 - 2030.
Electric vehicle Engineering plastics are a great alternative to metals, glass, and even ceramics in many situations. Electric vehicle Engineering plastics are used in electric vehicles' interior and exterior decor and powertrains, electrical components, and under-the-hood parts. Dashboards, bumpers, seats, body panels, fuel systems, interior trim, under-bonnet components, lights, external trim, liquid reservoirs, and upholstery are all places where electric vehicle engineering plastics are used. Engineering plastics, also known as construction plastics, are suitable for the most demanding applications in mechanical strength, heat resistance, and chemical resistance in electric vehicles.
The electric vehicle engineering plastics market is being propelled by increasing demand for interior trim, exterior trim, electronics, and other components. The key driver of the worldwide electric vehicle engineering plastics market is increased production and demand for electronic components. The need for electric vehicle engineering plastics is fueled by applications like connectors, cables, and cable management. As the mobility sector transitions to an all-electric future, manufacturers in the electric vehicle engineering plastics market are increasing R&D in thermoplastic-based solutions. Electric vehicle engineering plastics manufacturers adopt ideas from such developments to produce a plastic-intensive EV battery pack utilizing a systems-engineering approach, which has possibilities for lightweight plastic components, thereby augmenting the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric vehicle engineering plastics. The growth and trends of electric vehicle engineering plastics industry provide a holistic approach to this study.
This section of the electric vehicle engineering plastics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Electric Vehicle Engineering Plastics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric vehicle engineering plastics market include BASF SE, Covestro AG, Celanese Corporation, DuPont de Nemours, Inc., Evonik Industries AG, LANXESS Deutschland GmbH, Mitsubishi Engineering-Plastics Corporation, LG Chem, Solvay, SABIC, DSM, Teijin Limited, Avient Corporation, Eastman Chemical Company, Arkema, Toray Industries Inc., and Kureha Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies