Dublin, July 11, 2023 (GLOBE NEWSWIRE) -- The "Electric Vehicle Polymers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electric Vehicle Polymers estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$105.4 Billion by 2030, growing at a CAGR of 41.7% over the analysis period 2022-2030.
Engineering Plastics, one of the segments analyzed in the report, is projected to record 43.9% CAGR and reach US$68.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Elastomers segment is readjusted to a revised 38.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 45.8% CAGR
The Electric Vehicle Polymers market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$34.7 Billion by the year 2030 trailing a CAGR of 45.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.8% and 38.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 36.6% CAGR.
Select Competitors (Total 48 Featured) -
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Covestro AG
- DuPont de Nemours, Inc.
- Evonik Industries AG
- Kumho Polychem
- Lanxess AG
- LG Chem Ltd.
- Saudi Basic Industries Corporation
- Solvay
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 308 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.5 Billion |
| Forecasted Market Value (USD) by 2030 | $105.4 Billion |
| Compound Annual Growth Rate | 41.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Structural Shifts in Automotive Industry Affects the EV Polymers Market
- Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
- Disruption to Supply Chains Impacts Electric Vehicle Polymers Market Prospects
- EV Industry Likely to See Significant Changes in Post COVID Period
- Global Chip Shortage Mars the Expected Recovery of the Auto Industry in 2021 & 2022. EVs to Also Feel the Pain
- Rising Chip Lead Times Hurt Auto OEMs: Global Auto Chip Lead Times (In Weeks) for Years 2017 Through 2021
- Electric Vehicle Polymers - Global Key Competitors Percentage Market Share in 2021 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
- An Introduction to Electric Vehicle Polymers
- Polymers Provide Reliability, Performance and Protection
- Plastics & Electric Vehicles: The Power of Two for Greener Transportation
- Plastics Caters to Specific Needs of Electric Vehicles
- Past, Present & Future of EVs
- With EV Commercialization Critically Hinged Onto Cost of Lithium-Ion Batteries, Promised Decline to Battery Costs Strengthens Long-Term Outlook for Electric Vehicles: Cost of Automotive Lithium Ion Battery Packs in US$ per kWh for Years 2016, 2020, 2025, and 2030
- Unrivalled Environmental Performance to Bring EVs at the Forefront of All Sustainable Engineering Innovations in the Automobile Industry: A Comparison of GHG Emissions of Conventional, HEV/PHEV and Battery Electric Vehicles (In Grams of CO2 Per Mile) for the Year 2020
- Electric Vehicle Makers Hustle to Make Changes by Embracing Polymer Parts
- Global Market Prospects & Outlook
- Polymers Transforming the Global EV Industry
- Increasing Use of Polymers in Automobiles
- Analysis by Type
- World Electric Vehicle Polymers Market by Type (2021 & 2027): Percentage Breakdown of Sales for Engineering Plastics, and Elastomers
- Analysis by Component
- World Electric Vehicle Polymers Market by Component (2021 & 2027): Percentage Breakdown of Sales for Interior, Exterior, and Powertrain System
- Regional Analysis
- World Electric Vehicle Polymers Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Electric Vehicle Polymers Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
- Competitive Scenario
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Transportation Industry in the Spotlight for its Unsustainable Increase in Carbon Footprint
- Carbon Footprint Forecasts for the Transport Industry (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 2040, 2045 & 2050
- Stringent Regulations Encompassing Emission Control & Phase-Out of Fossil Fuel Vehicles Prep the Auto Industry for an Electrified Future
- Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
- Difficult to Reduce Carbon Footprint of Fossil Fuel Vehicles, Brings the Auto Industry into the Spotlight as a Major Area for Sustainability Action
- Inability of Conventional ICE Powered Vehicles to Demonstrate Desired Reductions in CO2 Emissions to Drive the Focus on Electric Vehicles: Official Laboratory CO2 Reduction Claims Vs On-Road Emission Efficiency (In Grams per Kilometer) for the Years 2008, 2010, 2012, 2014, 2016, 2018 and 2020
- Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
- Demand for Sustainability to Drive Sales of EVs
- Adoption of Advanced Plastics and Polymer Composites Provides Clear Advantage for EV Uptake
- Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021
- Polymers to Electrify Vehicle Electrification Trend with Lightweighting & Better Range
- Sophisticated Polymers Set Perfect Stage for Automotive Lightweighting
- Polymers: Bright Future in Manufacturing Electric Vehicle
- Thermal Conductive Polymer Material for EV Market Vrooms with Electric Vehicle Boom
- Advantages Weigh in More with Usage of Polymers in EV and Other Vehicles
- Polymer Demand Vis-a-vis EV Production
- Select Innovations and Advances
- "Smart' Membrane for Fast Charging of Batteries
- Global Demand for Lithium-ion Batteries (In Gigawatt Hours) in Electric Vehicles for the Years 2020, 2023, 2026, 2029 & 2030
- Fewer Distribution Channels - A Key Challenge to Overcome
- Demographic Trends Create Fertile Environment for Long-Term Growth of Electric Vehicles Market
- Expanding Global Population
- World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
- Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
- Urban Sprawl
- World Urban Population in Millions: 1950-2050
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Growing Affluence of Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
- Large Base of Millennials
- Global Millennials Population Spread by Region (in %): 2021E
- Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2021E
- Rising Living Standards
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/f2xoyh
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