ELECTRIC VEHICLE CFRTP MARKET 

INTRODUCTION OFELECTRIC VEHICLE CFRTP MARKET

 The automotive sector is undergoing a significant transformation to address critical challenges affecting consumers and the climate.

One of the most difficult tasks is reducing the weight of vehicles in order to minimize energy consumption. A ten percent decrease in curb weight is predicted to result in a six to eight percent reduction in energy consumption.

Composite materials having better strength to weight ratio are one of the finest options for planning, designing and manufacturing of the lightweight components.

In the automobile sector, employment of composite materials would reduce the weight of electric vehicles as well as influence their aerodynamic properties.

Therefore, it would decrease the consumption of fuel as well by cutting down harmful emissions and particulate matter.

Numerous developments in such technologies are studied over the last decade by automobile establishments and academic researchers.

Fibre‐reinforced polymers, particularly those established on glass and carbon fibres, have attracted attention of the automobile sector due to their high performance and lesser weight.

The entire battery enclosure, including the batteries, can be changed at swapping stations of NIO within just three minutes.

NIO presented the swap concept at NIO Day in December 2017 for the first time and now demonstrated the actual system along with various technological innovations including the CFRP battery enclosure live at the recent 2019 Shanghai Auto Show.

ELECTRIC VEHICLE CFRTP MARKET SIZE AND FORECAST

Global electric vehicle CFRTP market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

ELECTRIC VEHICLE CFRTP MARKETNEW PRODUCT LAUNCH

Covestro to Launch CFRTP-based Composites for Vehicles and more at JEC World.Covestro has developed a new composite technology that facilitates the industrial-scale production of particularly thin, lightweight, high-strength yet aesthetic parts.

It is based on Continuous Fibre-Reinforced Thermoplastic Polymers (CFRTP) and is marketed under the name Maezio™.

Thermoplastics like polycarbonate are used as substrate material, and carbon or glass fibres are used for reinforcement.addition to the innovative thermoplastic composites, Covestro is also presenting a particle foam made of expanded polycarbonate (EPC) at the JEC World 2020, which is characterised by very good mechanical properties over a wide temperature range, excellent impact strength and good fire protection.

The material can be used in high-quality lightweight construction applications and is also recyclable.

ELECTRIC VEHICLE CFRTP MARKETCOMPANY PROFILE

• Covestro
• Maezio
• Teijin
• Tata motors
• Omnexus

ELECTRIC VEHICLE CFRTP MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How manyelectric vehicle CFRTPare manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Globalelectric vehicle CFRTPand key vendor selection criteria
3. Where is theelectric vehicle CFRTPmanufactured? What is the average margin per unit?
4. Market share of Globalelectric vehicle CFRTPmarket manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Globalelectric vehicle CFRTPin-house
6. key predictions for next 5 years in Globalelectric vehicle CFRTPmarket
7. Average B-2-Belectric vehicle CFRTPmarket price in all segments
8. Latest trends inelectric vehicle CFRTPmarket, by every market segment
9. The market size (both volume and value) of theelectric vehicle CFRTPmarket in 2024-2030 and every year in between?
10. Production breakup ofelectric vehicle CFRTPmarket, by suppliers and their OEM relationship