CANADA EV PLASTICS MARKET

INTRODUCTION

Despite the fact that metal is still the material of choice for making many auto parts, the resultant increase in vehicle weight has compelled automakers to look for alternatives in order to maximize overall vehicle efficiency. Thus, after metal, plastics are the material utilized most frequently today to manufacture various automotive elements.

The increased need for high-performance plastic to ensure passenger security and safety is the main factor driving the market. The sector is also growing as a result of the increased interest in lightweight electric cars.

Particularly in the aftermath of the COVID-19 outbreak, micro mobility is growing in popularity, creating profitable opportunities for market development.

The industry is also predicted to gain from increased consumer and government investment in EVs, as well as from tighter environmental regulations intended to encourage electrification.

CANADA EV PLASTICS MARKET SIZE AND FORECAST

The Canada EV Plastics Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.

CANADA EV PLASTICS MARKETNEW PRODUCT LAUNCH

Insights on material solutions to promote the development of electric, connected, and autonomous cars are being shared by SABIC, a worldwide leader in the chemical industry and the top supplier of thermoplastics to the automotive sector.

This is particularly true as manufacturers switch to bigger batteries that must be mounted to the floor panel of the car. The traditional countermeasure used nowadays to stiffen the rocker panel for battery protection is multi-piece stamping reinforcements.

These metal options, however, increase the weight of the vehicle, which may have an impact on both efficiency and range.

SABIC has designed a structural hybrid solution employing both plastic and metal to provide a lighter reinforcement element and one that can actually increase crash performance.

This solution draws on SABIC's expertise in crash and chassis solutions. In comparison to an all-metal counterpart, SABIC's current design may save weight by up to forty to sixty per cent while also absorbing energy by up to ten per cent more effectively.

This reinforcement extends the spectrum of thermoplastic hybrid products created by SABIC, which have the ability to reduce the weight of a vehicle's body-in-white by up to twenty kilograms.

CANADA EV PLASTICS MARKET COMPANY PROFILES

• Lanxess Corporation
• BASF
• Evonik Industries
• Momentive Performance Materials
• Celanese Corporation
• SABIC Plastics Canada Inc.

THIS CANADA EV PLASTICS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perCanada EV Plasticsright now and how will it change in next 5-6 years?
2. Average cost to set up aEV Plastics MarketinCanada?
3. How manyCanada EV Plasticsare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aCanada EV Plasticsand key vendor selection criteria
6. Where is theCanada EV Plasticsmanufactured? What is the average margin per equipment?
7. Market share ofCanada EV Plasticsmanufacturers and their upcoming products
8. The most important plannedCanada EV Plasticsin next 2 years
9. Details on network of majorCanada EV Plasticsand pricing plans
10. Cost advantage for OEMs who manufactureCanada EV Plastics in-house
11. 5 key predictions for next 5 years inCanada EV Plastics Market
12. Average B-2-BCanada EV Plastics Marketprice in all segments
13. Latest trends inCanada EV Plastics Market, by every market segment
14. The market size (both volume and value) ofCanada EV Plastics Marketin 2024-2030 and every year in between?
15. Global production breakup ofCanada EV Plastics Market, by suppliers and their OEM relationship