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    Electric Vehicle (car) Polymers Market | Covid-19 Impact Analysis

    Electric Vehicle (car) Polymers Market | Covid-19 Impact Analysis

    Electric Vehicle (car) Polymers Market | Covid-19 Impact Analysis
    Report code - SRAM449 Delivery - 2 Weeks
    Electric Vehicle (Car) Polymers Market Size, Share, Trend, Forecast, & Industry Analys See more...
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    Impact of COVID-19 on Electric Vehicle (car) Polymers Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Electric Vehicle (car) Polymers Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Electric Vehicle (Car) Polymers Market Insights

    Electric Vehicle (Car) Polymers Market is likely to witness an impressive CAGR of 65% during the forecast period. The key factors driving the market for electric vehicle (car) polymers are the growing demand for electric vehicles among the emerging economies of the Asia-Pacific region, such as China and India, rapid increase in government regulations in order to reduce CO2 emissions, and development of charging infrastructure in the developing as well as developed nations.

    Electric Vehicle (Car) Polymers Market - Snapshot

    Growth

    65% for the next five years

    Major Type

    Elastomers

    Dominant Component Type

    Interior

    Region with the highest demand

    Asia-Pacific

    Key Players

    BASF, DowDuPont, Covestro, Celanese, SABIC, Solvay, LANXESS, LG Chem, Asahi Kasei, and Evonik Industries.

     

    Market Share Analysis

    Electric-Vehicle-(Car)-Polymers-Market-Dominant-Segments

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    Electric Vehicle (Car) Polymers Market Share: By Type

    Based on the type, the market is segmented as engineering plastics and elastomers. The elastomers segment is expected to fuel the major share of the market during the forecast period as elastomers find their extensive usage in insulation in cars and also, in manufacturing of tires.

    Electric Vehicle (Car) Polymers Market Share: By Component Type

    Based on the component type, the electric vehicle (car) polymers market is segmented as powertrain system, exterior, and interior. The interior segment of components is witnessing a significant transformation by replacement of metals with polymers, as components made with polymers have lower accidental risk and safety issues. Therefore, electric car manufacturers are employing polymers, instead of metals, in the interiors of electric cars, which also reduce the overall weight of electric cars. Polymer has proven to be the ideal material for the interior components of a car, as it is durable and aesthetically pleasing, also reducing the noise, vibration, and harshness (NVH) levels of an electric car. All these factors are likely to drive the growth of the segment during the forecast period.

    Electric Vehicle (Car) Polymers Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to dominate the overall market for electric vehicle (car) polymers during the forecast period. The region has emerged as the largest consumer of electric vehicle (car) polymers, owing to the surge in production of electric cars in China, Japan, South Korea, among other countries. Growing concern for reducing the level of carbon footprints, increasing government support, and reduction in the overall weight of electric cars are the major factors bolstering the growth of the market for electric vehicle (car) polymers in the Asia-Pacific region. North America and Europe are also expected to offer promising growth opportunities during the forecast period.

    Electric-Vehicle-(Car)-Polymers-Market-By-Region

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    Some of the major electric vehicle (car) polymer manufacturers are-

    • BASF SE
    • DowDuPont
    • Covestro AG
    • Celanese Corporation
    • SABIC
    • Solvay S.A.
    • LANXESS AG
    • LG Chem Ltd.
    • Asahi Kasei Corporation
    • Evonik Industries AG

     

    Market Scope & Segmentation

    Polymers are used in electric cars to reduce the weight without affecting the efficiency of the car. Polymers replacing metals have similar properties as metals such as flame retardancy, abrasion resistance, stiffness, toughness, electrical insulation, and heat resistance.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Electric Vehicle (Car) Polymers Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    18

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The electric vehicle (car) polymers market is segmented into the following categories. 

    Electric Vehicle (Car) Polymers Market Size, Share, & Forecast, by Type:

    • Engineering Plastics
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Acrylonitrile Butadiene Styrene (ABS), Polyamide, Polycarbonate, Polyphenylene Sulfide (PPS), Polyurethane, Polypropylene, Fluoropolymer, Thermoplastic Polyester, and Others)
    • Elastomers
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Synthetic Rubber, Natural Rubber, Fluoroelastomer, Silicone Elastomer, Others)

    Electric Vehicle (Car) Polymers Market Size, Share, & Forecast, by Component Type:

    • Powertrain System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle (Car) Polymers Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Norway, Sweden, the Netherlands, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Electric-Vehicle-(Car)-Polymers-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by component type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Electric Vehicle (Car) Polymers Market in the foreseeable future?

    The electric vehicle (car) polymers market is expected to witness an impressive growth of 65% CAGR in the foreseeable future.

    Who are the key players in the Electric Vehicle (Car) Polymers Market?

    BASF SE, DowDuPont, Covestro AG, Celanese Corporation, SABIC, Solvay S.A., LANXESS AG, LG Chem Ltd., Asahi Kasei Corporation, and Evonik Industries AG are among the key players in the Electric Vehicle (Car) Polymers Market.

    Which country/region is expected to dominate the Electric Vehicle (Car) Polymers Market?

    Asia-Pacific is expected to dominate the electric vehicle (car) polymers market during the next five years.

    What are the factors driving the growth of Electric Vehicle (Car) Polymers Market?

    Some of the major factors driving the market for electric vehicle (car) polymers are the growing demand for electric vehicles among the emerging economies of the Asia-Pacific region, such as China and India, rapid increase in government regulations in order to reduce CO2 emissions, and development of charging infrastructure in the developing as well as developed nations.

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