The Electric Vehicle Polymers Global Market Report 2023, provides comprehensive information on the electric vehicle polymers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Electric Vehicle Polymers Global Market Report 2023, the market size is expected to grow from $7.82 billion in 2022 to $12.73 billion in 2023 at a compound annual growth rate (CAGR) of 62.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of electric vehicle polymers market is expected to reach $82.03 billion in 2027 at a CAGR of 59.3%.
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Product innovations are a key trend gaining popularity in the electric vehicle polymers market. Companies operating in the electric vehicle polymers market are innovating new products to sustain their position in the market. For instance, in March 2023, Solvay, a Belgium-based chemical company, launched Xydar LCP G-330 HH, a new polymer for high-heat electric vehicle battery module insulation. A new liquid crystal polymer grade, Xydar LCP G-330 HH, will boost passenger safety during a battery thermal runaway. It is a brand-new high-heat and flame-resistant grade explicitly designed for the battery module plates of electric vehicle models running on higher voltage systems. It fulfills demanding thermal and insulation requirements. It is an injection-molded glass-filled LCP that can maintain its electrical insulation after being exposed to 400°C for 30 minutes. Without the addition of halogen or bromine additives, Xydar LCP is a naturally flame-resistant polymer.
The electric vehicle polymers market is segmented:
1) By Type: Engineering Plastics, Elastomers
2) By Component: Powertrain System, Exterior, Interior
3) By End User: Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Fuel Cell Electric Vehicle (FCEV)
Asia-Pacific was the largest region in the electric vehicle polymers market in 2022.
The table of contents in TBRC’s electric vehicle polymers market report includes:
1. Executive Summary
2. Electric Vehicle Polymers Market Characteristics
3. Electric Vehicle Polymers Market Trends And Strategies
4. Electric Vehicle Polymers Market – Macro Economic Scenario
5. Global Electric Vehicle Polymers Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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32. Global Electric Vehicle Polymers Market Competitive Benchmarking
33. Global Electric Vehicle Polymers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Vehicle Polymers Market
35. Electric Vehicle Polymers Market Future Outlook and Potential Analysis
36. Appendix
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