Electric Vehicle (Car) Polymers - Global Market Outlook (2017-2026)

Publish Date: Jan 2022

Category: Chemicals & Materials

Publisher: Stratistics MRC

Status: Publish

According to TMR, the Global Electric Vehicle (Car) Polymers Market is accounted for $1.48 billion in 2017 and is expected to reach $123.58 billion by 2026 growing at a CAGR of 61.5%. Factors such as rising demand for electric vehicles among the emerging economies of Asia Pacific region, rapid rise in government regulations and development of charging infrastructure are fueling the market growth. However, rising demand in the price of polymers obstructs the overall development of electric vehicle (car) polymers which is hindrance for the growth of the market. Moreover, growing demand in the adoption of new components of electric cars acts as growth opportunities for the market.

A polymer is a substance which consists of a molecular structure purely made from a large number of homogeneous units bonded together. Electric vehicle, popularly known as EV is a vehicle that makes use of one or more electrical or traction motors for its propulsion. Electric vehicle polymer refers to a polymer which is placed in interior components of an electric vehicle (car) to reduce noise, vibrations and harshness levels while in running state.

Based on type, Elastomers segment fuels the market share during the forecast period. As the demand for Elastomers is for insulation in the cars and the manufacturing of tires.. By geography, Asia Pacific region is anticipated to grow owing to the growth in production of electric cars in China, Japan, South Korea, among other countries.

Some of the key players in Electric Vehicle (Car) Polymers market include Mitsubishi Engineering-Plastics Corporation, BASF SE, DowDuPont, LyondellBasell Industries, Arlanxeo, LANXESS, Covestro, AGC Chemicals, DSM Engineering Plastics, China Petrochemical Group (Sinopec Group), LG Chem, SABIC, JSR Corporation, Daikin Industries, and Arkema.

Components Covered:
• Exterior
• Interior
• Powertrain System

Types Covered:
• Elastomers
• Engineering Plastics

Regions Covered:
• North America 
o US
o Canada
o Mexico
• Europe 
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific 
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America 
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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