The global Electric Vehicle (EV) (car) polymers market size is expected to reach USD 508.11 Billion in 2030 and register a revenue CAGR of 61.1% over the forecast period, according to the latest analysis by Emergen Research. Rising demand to reduce weight of electric cars is the key factor driving global electric vehicle (car) polymers market revenue growth.Heavyweight of vehicles is a significant barrier for vehicle to run solely on electric power for an extended period, but some lighter materials can reduce the weight of a vehicle without sacrificing strength and durability.
Electric Vehicle Car Polymers report also offers information on the factors impeding the market growth which shall offer valuable data to vendors for strategic planning. It is crucial to understand these factors as they help in identifying the market growth opportunities. Moreover, market research analysts at Emergen Market offer timely assistance in understanding eccentric market parameters in a better way.
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The study by Emergen Research on the Electric Vehicle Car Polymers market is titled, “Electric Vehicle Car Polymers Market, 2022- 2030.” which offers a comprehensive overview of the Electric Vehicle Car Polymers market. It presents major trajectories such as growth drivers and restraints, along with trends and opportunities. The report also enlists major players operating in the market. The information presented in the report is extracted from both primary and secondary research methods.
According to Emergen Research, report highlights some of the major vendors in the global Electric Vehicle Car Polymers market. Some of these companies are listed below:
BASF SE, Saudi Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Evonik Industries AG, Celanese Corporation, Solvay S.A, Lanxess AG, Arkema S.A, Daikin Industries, Ltd., Dupont De Nemours, Inc., Lyondellbasell Industries N.V., and Royal Dsm N.V.
Historical data available in the report elaborates on the development of the Electric Vehicle Car Polymers on national, regional and international levels. Electric Vehicle Car Polymers market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis.
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Some Key Highlights
The interior segment is expected to account for largest revenue share in the global market during the forecast period due to increasing use of polymers in car interiors such as instrument panels, door panels, lightweight seats, sound control fabrics, and many more. Polymer materials are best for flexible, innovative, and unique design, resulting in comfortable, stylish, scratch-resistant, and long-lasting interior components.
The elastomers segment is expected to register a fast revenue growth rate during the forecast period due to increasing use of elastomers in EV components to lighter vehicle weight and overall fuel efficiency. Elastomers are used as a substitute for flexible Polyvinyl Chloride (PVC) and vulcanized rubber to reduce vehicle weight, which in turn, lower CO2 gas emissions, improves fuel efficiency, as well as achieve better recyclability for environmental sustainability.
The Hybrid Electric Vehicle (HEV) segment revenue is expected to register a steady growth rate during the forecast period due to rising popularity of this vehicle among users owing to its capability to run in both electric motor and conventional engines. The electric engine powers vehicle at slower speeds, while gas engine powers it at faster speeds.
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Emergen Research has segmented the global EV (Car) polymers market based on type, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019–2030)
Acrylonitrile Butadiene Styrene (ABS)
Hv Fuse Box
Battery Management Systems
Breaks & Switches
Using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the Global Electric Vehicle Car Polymers Market. In addition, the research takes into account vendor offers in order to categorise the market.
Using this data, the research then calculates the size of the global Electric Vehicle Car Polymers market using a bottom-up approach. Primary research included thorough interviews with senior executives, chief executive officers, and directors, as well as vice presidents (VPs) and managers to determine the size of the market. These categories and sub-segments were then confirmed and validated by secondary research. Data triangulation processes are then used to complete the total market engineering process and arrive at precise statistics for all segments and sub-segments
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Key Reasons to Buy This Report:
The report presents a thorough examination of the Electric Vehicle Car Polymers market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
The report provides a thorough analysis of the global Electric Vehicle Car Polymers market across five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It analyzes the ongoing trends in each of these regions and highlights the products that have witnessed the highest demand. Besides this, it highlights the factors that have had the highest impact on the market in recent years. The competitive landscape has been discussed in detail and predictions have been made with respect to leading companies and the strategies adopted by these companies. Moreover, the report includes market figures for a forecasted period of 2022-2030.
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