Electric vehicle (car) polymers are the substitute for the metals. These polymers are used in electric cars to reduce their weight without affecting the efficiency of the car. The polymers have similar properties as metals such as abrasion resistance, stiffness, toughness, electrical insulation, heat resistance, and flame retardancy.
The growth of the electric vehicle (car) polymers market is primarily driven by increasing use to reduce the weight of electric cars, increasing manufacturing and sales of electric cars across the globe, and stringent government regulations to reduce the carbon footprint. Moreover, changing government policies to increase the sales of electric cars and increasing the use of polymers in components of electric cars are expected to create opportunities for the manufacturers in the global market over the forecast period. However, volatile prices of raw materials and the high price of polymers are expected to hamper the growth of the global electric vehicle (car) polymers market in the coming years.
Electric Vehicle (Car) Polymers Market Segmentation |
|
| By Type | 1. Engineering Plastics |
| 2. Elastomers | |
| By Component | 1. Powertrain System |
| 2. Exterior | |
| 3. Interior | |
| 4. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The engineering plastics segment expected to dominate the market throughout the forecast period
Based on type, the global electric vehicle (car) polymers market has been segmented into engineering plastics and elastomers. The engineering plastics of electric vehicle (car) polymers accounted for approximately 62% of the share in the global electric vehicle (car) polymers market in 2018.
While elastomers segment accounted highest CAGR of around 19.1% in the global electric vehicle (car) polymers market during the forecast period. Elastomers are widely adopted for insulation in the cars and the manufacturing of tires owing to the enhanced properties and advantages. These benefits are expected to enhance the demand and sales for Elastomers across the developed and developing countries in the global market.
Based on component, the interior segment is expected to grow at a CAGR of around 18% throughout the forecast period
Based on the component, the market has been segmented into a powertrain system, exterior, interior, and others. The interior segment accounts of the largest share in the market and are expected to grow at a CAGR of around 18% during the forecast period.
While the exterior is expected to hold the CAGR of nearly 15% during the forecast period. The increase in the development and easy availability of polymers and replacement of metal alloys in the exterior components, such as bumpers, door pillars, door handles, lights, trunk, window glasses, and windshields with polymers, to reduce the overall weight of the electric cars is expected to grow the demand for exterior components.
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The manufacturers DowDuPont (US), BASF (Germany), and Covestro (Germany) are mainly investing in the development of exterior components, which expected the lead the market in the coming years.
Asia-Pacific to dominate the electric vehicle (car) polymers market throughout the forecast period
Asia-Pacific accounted for nearly 45% share of the global electric vehicle (car) polymers market in 2018 and is expected to dominate the market throughout the forecast period. The rapid growth in the urbanization and liberalization of foreign direct investment in the automotive industry are the major driving factor for the region in the global market. Moreover, the increasing largest consumer of electric car polymers owing to the increasing production of electric cars in China, Japan, South Korea, among other countries.
North America is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in North American countries to meet the demand for polymers used in electric vehicles. The increasing demand for electric vehicles and the development of metal substitutes used in electric vehicles are expected to enhance the market growth in the global electric vehicle (car) polymers market during the forecast.
Company Profiles and Competitive Intelligence:
The major players operating in the global electric vehicle (car) polymers market are DowDuPont (US), BASF (Germany) Covestro (Germany), Celanese (US), SABIC (Saudi Arabia), Solvay (Belgium), LANXESS (Germany), LG Chem (South Korea), Asahi Kasei (Japan), and Evonik Industries (Germany) among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Electric Vehicle (Car) Polymers Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Electric Vehicle (Car) Polymers Market
1.3. Market Dynamics
1.4. Global Electric Vehicle (Car) Polymers Market, by Segment, 2018
1.4.1. Global Electric Vehicle (Car) Polymers Market, by Type, 2018, (USD Million)
1.4.2. Global Electric Vehicle (Car) Polymers Market, by Component, 2018, (USD Million)
1.4.3. Global Electric Vehicle (Car) Polymers Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Electric Vehicle (Car) Polymers Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Electric Vehicle (Car) Polymers Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing demand for electric cars across the globe
2.2.2. Increase in use of plastics in electric vehicle to reduce weight
2.3. Market Restraints
2.3.1. High price of polymers
2.3.2. Restraint 2
2.4. Market Opportunities
2.4.1. Adoption of polymers in new components of electric cars
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Electric Vehicle (Car) Polymers Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Electric Vehicle (Car) Polymers Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Engineering Plastics
3.2.1. Global Electric Vehicle (Car) Polymers Market, by Engineering Plastics, 2016-2026, (USD Million)
3.3. Elastomers
3.3.1. Global Electric Vehicle (Car) Polymers Market, by Elastomers, 2016-2026, (USD Million)
Chapter 4 Global Electric Vehicle (Car) Polymers Market, by Component
4.1. Market Overview, by Component
4.1.1. Global Electric Vehicle (Car) Polymers Market, by Component, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Component, 2018
4.2. Powertrain System
4.2.1. Global Electric Vehicle (Car) Polymers Market, by Powertrain System, 2016-2026, (USD Million)
4.3. Exterior
4.3.1. Global Electric Vehicle (Car) Polymers Market, by Exterior, 2016-2026, (USD Million)
4.4. Interior
4.4.1. Global Electric Vehicle (Car) Polymers Market, by Interior, 2016-2026, (USD Million)
Chapter 5 Global Electric Vehicle (Car) Polymers Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Electric Vehicle (Car) Polymers Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Electric Vehicle (Car) Polymers Market
5.3.1. North America Electric Vehicle (Car) Polymers Market, by Type, 2016-2026 (USD Million)
5.3.2. North America Electric Vehicle (Car) Polymers Market, by Component, 2016-2026 (USD Million)
5.3.3. United States Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.3.4. Canada Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.4. Europe Electric Vehicle (Car) Polymers Market
5.4.1. Europe Electric Vehicle (Car) Polymers Market, by Type, 2016-2026 (USD Million)
5.4.2. Europe Electric Vehicle (Car) Polymers Market, by Component, 2016-2026 (USD Million)
5.4.3. United Kingdom Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.4.4. Germany Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.4.5. France Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.5. Asia Pacific Electric Vehicle (Car) Polymers Market
5.5.1. Asia Pacific Electric Vehicle (Car) Polymers Market, by Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Electric Vehicle (Car) Polymers Market, by Component, 2016-2026 (USD Million)
5.5.3. China Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.5.4. Japan Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.5.5. India Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.6. Latin America Electric Vehicle (Car) Polymers Market
5.6.1. Latin America Electric Vehicle (Car) Polymers Market, by Type, 2016-2026 (USD Million)
5.6.2. Latin America Electric Vehicle (Car) Polymers Market, by Component, 2016-2026 (USD Million)
5.6.3. Brazil Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.6.4. Mexico Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Electric Vehicle (Car) Polymers Market
5.7.1. Middle East & Africa Electric Vehicle (Car) Polymers Market, by Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Electric Vehicle (Car) Polymers Market, by Component, 2016-2026 (USD Million)
5.7.3. GCC Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Electric Vehicle (Car) Polymers Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By Component
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Poduct Developments
Chapter 7 Company Profiles
7.1. DowDuPont
7.1.1. DowDuPont Overview
7.1.2. DowDuPont Types Portfolio
7.1.3. DowDuPont Financial Overview
7.1.4. DowDuPont News/Recent Developments
7.2. BASF SE
7.2.1. BASF SE Overview
7.2.2. BASF SE Types Portfolio
7.2.3. BASF SE Financial Overview
7.2.4. BASF SE News/Recent Developments
7.3. Covestro
7.3.1. Covestro Overview
7.3.2. Covestro Types Portfolio
7.3.3. Covestro Financial Overview
7.3.4. Covestro News/Recent Developments
7.4. SABIC
7.4.1. SABIC Overview
7.4.2. SABIC Types Portfolio
7.4.3. SABIC Financial Overview
7.4.4. SABIC News/Recent Developments
7.5. Celanese
7.5.1. Celanese Overview
7.5.2. Celanese Types Portfolio
7.5.3. Celanese Financial Overview
7.5.4. Celanese News/Recent Developments
7.6. Solvay
7.6.1. Solvay Overview
7.6.2. Solvay Types Portfolio
7.6.3. Solvay Financial Overview
7.6.4. Solvay News/Recent Developments
7.7. LG Chem
7.7.1. LG Chem Overview
7.7.2. LG Chem Types Portfolio
7.7.3. LG Chem Financial Overview
7.7.4. LG Chem News/Recent Developments
7.8. Asahi Kasei
7.8.1. Asahi Kasei Overview
7.8.2. Asahi Kasei Types Portfolio
7.8.3. Asahi Kasei Financial Overview
7.8.4. Asahi Kasei News/Recent Developments
7.9. Evonik Industries
7.9.1. Evonik Industries Overview
7.9.2. Evonik Industries Types Portfolio
7.9.3. Evonik Industries Financial Overview
7.9.4. Evonik Industries News/Recent Developments
7.10. Daikin Industries
7.10.1. Daikin Industries Overview
7.10.2. Daikin Industries Types Portfolio
7.10.3. Daikin Industries Financial Overview
7.10.4. Daikin Industries News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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