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The need for lightweight plastic applications dominates the market for polymers used in the production of electric vehicles. The use of lightweight polymers in electric cars has the potential to boost both fuel efficiency and battery range (BEV).
Thanks in large part to BEV, which is forecast to be the sector’s largest contributor, the global market for electric vehicle plastics is expected to grow more quickly.
Demand is also expected to increase since plastic performs better than metal in electric car applications. Less reliance on petroleum and lower carbon emissions are two reasons driving the market for polymers used in electric vehicle components.
Plastics are anticipated to be used in the production of energy recovery devices, pumps, fans, casings, and non-moving parts for electric vehicles, resulting in weight reduction without sacrificing performance and boosting demand for the electric vehicle plastics market globally.. Vehicle parts are made of a variety of plastic materials, therefore classifying the parts is necessary before recycling.
The China EV Plastics Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
At its facility in Changshu, China, the materials company Solvay SA has quadrupled the amount of polyvinylidene fluoride (PVDF) that can be produced under the Solef brand. The growing adoption of electric and hybrid cars, which is fueling record-high demand for PVDF, made the expansion necessary.
In lithium-ion batteries, this thermoplastic fluoropolymer is used as a separator layer as well as a binder. It is crucial for guaranteeing improved battery performance, longer battery life, and safe battery operation.
Solef PVDF is an industry-leading product that was created utilizing Solvay’s research and innovation capabilities in fluorinated chemistry and polymerization technology. Its success has sparked the continuing creation of innovative solutions to assist fulfill customers’ demands in the present and the future.
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