Global Electric Vehicle Plastic Components Market Size Was Valued at USD 3.7 Billion In 2022 And Is Projected to Reach USD 26.50 Billion By 2030, Growing at A CAGR of 27.9% From 2023 To 2030.
Global Electric Vehicle Plastic Components Market Size Was Valued at USD 3.7 Billion In 2022 And Is Projected to Reach USD 26.50 Billion By 2030, Growing at A CAGR of 27.9% From 2023 To 2030.
Plastics play an important role in making vehicles lighter and more fuel-efficient, as well as in lowering their environmental impact. Sustainability has emerged as a key driver of innovation and the automotive industry's future. Electric vehicle sales are increasing due to their lower environmental impact when compared to ICE-powered vehicles. However, according to a few leading OEMs, materials and their production account for approximately 30% of a vehicle's lifetime CO2 emissions. As a result, the automotive industry must priorities the sustainability of the materials used in these vehicles, as well as make the manufacturing process more environmentally friendly.
Key Prominent Players In The Electric Vehicle Plastic Components Market:
Saudi Basic Industries Corporation,BASF SE,Formosa Plastics Corporation,LyondellBasell Industries Holdings B.V.,Evonik Industries,INEOS,The Dow Chemical Company,Air Liquide S.A,Sumitomo Chemical Co.Ltd.,Mitsui Chemicals Inc.,Hexion Inc.,Momentive Performance Materials,Hanwha Azdel Inc. and other major key players.
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Market segmentation
By Type
By Material
Regional Analysis for COVID-19 Outbreak-Global Electric Vehicle Plastic Components Market:
· North America (U.S., Canada, Mexico)
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Introspective Market Research offers comprehensive market research studies, for businesses globally. We are dedicated to delivering valuable insights and strategic guidance that empower informed decision-making. Our Electric Vehicle Plastic Components market report undergoes detailed research of the entire industry, ensuring precision and reliability. We establish a strong foundation by drawing upon an extensive array of primary and secondary sources. With a focus on comprehensiveness, our study encompasses the complete market ecosystem of the Electric Vehicle Plastic Components market. This entails analysing the functions and interdependencies of various market stakeholders. We use trusted methodologies such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further which enriches our evaluation. Moreover, through detailed segmentation analysis and extensive geographical coverage, we facilitate a profound understanding of regional trends.
Global Market 2023 Key Insights:
? The research study analyses the current status of the Electric Vehicle Plastic Components Market and provides future forecasts related to production, price structure, consumption, and historical data.
? The report comprehends the structure of the Electric Vehicle Plastic Components Market industry by identifying its various segments and sub-segments.
? The market analysis breaks down data by company, products, end-users, and key countries, encompassing historical data from 2017 to 2022 and forecasting until 2030.
? The analysis of the Electric Vehicle Plastic Components Market focuses on individual growth trends, future prospects, and their overall contribution to the market.
? The Global Electric Vehicle Plastic Components Market 2023 report evaluates competitive expansions such as agreements, new product launches, and acquisitions within the market.
? The research report targets key international players in the Electric Vehicle Plastic Components Market to assess sales volume, revenue, growth potential, drivers, SWOT analysis, and development plans for the coming years.
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Nov 02, 2023
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