Global Electric Vehicle Plastics Market 2021-2026

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    GLOBAL ELECTRIC VEHICLE PLASTICS MARKET 

     

    INTRODUCTION

    A vehicle is made up of around 39 different types of basic plastics and polymers. Polypropylene, polyurethane, polyamides, and PVC account for more than 70% of the plastic used in vehicles. In recent years, plastic has become one of the most important elements required for the structure, performance, and safety of cars.

     

    EV Plastics are focused upon the better aimed approach of having the light weighting and mechanical efficiency across the various specifications analysed and enhanced at various points of time within the Electric vehicles at all times.

     

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    Since their inception, plastic materials have been used to replace rare and non-renewable resources such as tortoise shell, ivory, and animal bones. Plastics have altered the globe since then, giving safety, hygiene, comfort, and well-being to our civilization.

     

    Today, resource-efficient plastics can be found in an almost limitless number of goods and uses, allowing us to conserve energy, CO2 emissions, water, and even food. They contribute to circularity, health and safety, and climate change mitigation. Without a question, plastics have influenced our lives and will continue to do so in the future.

     

    GLOBAL ELECTRIC VEHICLE PLASTICS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 ZUV Electric involved in first of its kind 3D printed plastic based tricycle manufacturing EOOS has developed a prototype for a “zero-emissions utility vehicle”, or ZUV, which can be 3D-printed locally rather than having to be shipped around the world. The tricycle is made from 70 kilograms of plastic packaging waste sourced from supermarkets. USA This would enhance better EV Technologies and production
    2 Fisker Inc. has made its paving way into the EV plastics integration into interiors of EVs It has launched most recently, The fully electric Ocean SUV gets its name from the use of recycled plastics throughout the vehicle’s interior. Most of the interior materials are made from plastic waste collected from the ocean that would otherwise become pollution and hazards for marine life, including plastic bottles and fishing nets. USA This would help in better presence and social responsibility on increased levels of requirements
    3 Solvay has recently launched the technologically advanced plastics into varied levels of EV Integrations Solvay has launched a new grade of KetaSpire PEEK (polyetheretherketone), KT-850 SCF 30, for precision brake system and e-mobility electronic pump components. The new KT-850 SCF 30 grade enables further metal replacement by improving the flow characteristics of the material and the surface finish of parts. EU This would improve its presence and production capability of new generation plastic usability system

     

     

    GLOBAL ELECTRIC VEHICLE PLASTICS MARKET DYNAMICS

    Since the 1950s, plastics have offered lightweight, affordable solutions for both aesthetic and structural automotive applications, in some cases replacing steel as the material of choice in automobile engineering and construction.

     

    In recent years, the rise in plastic use has been driven by fuel efficiency trends and, as a result, decreased greenhouse gas emissions. Plastics’ high absorption qualities also allow the vehicle to satisfy tighter safety requirements, while the use of engineering plastics allows for the reduction of the bulk of parts used in cars due to their greater design flexibility.

     

    When analysing the automotive forecast and related polymer demand, the advent and quick expansion of electrically driven road cars has become a crucial topic to address. While the global total number of electric vehicles (EVs) remains modest, vehicle fleet electrification has gained significant traction in recent years.

     

    The recent growth in use of plastics such as polypropylene (PP) and polyurethane (PU) has been somewhat countered by the reduction in consumption of engineering plastics, with PP and PU accounting for almost half of overall plastic consumption in cars.

     

    Engineering plastics consumption is anticipated to drop due to a lower need for these plastics in under-the-hood applications for electric cars, since high temperature resistance of engineering polymers is not required to the same extent as with internal combustion engines. Instead, polyamides will be utilised in EV battery mounts and housings.

     

    GLOBAL ELECTRIC VEHICLE PLASTICS MARKET SEGMENTATION

     

    The Global Electric Vehicle Plastics Market can be segmented into following categories for further analysis.

     

    By EV Classification

    • BEV
    • HEV
    • FCEV

     

    By Product Type

    • Polypropylene – PP
    • Polyurethane – PU
    • Polyamide – PA
    • Polyvinyl Chloride – PVC
    • Acrylonitrile Butadiene Styrene – ABS
    • Polycarbonate – PC
    • Polyethylene – PE

     

    By Vehicular Application / Integration Type

    • Vehicular Interiors
    • Vehicular Exteriors
    • Vehicular Internal Components
    • Vehicular External Components – Small and Important

     

    By Vehicle Class / Type

    • Light Motor Vehicle
    • Heavy Commercial Vehicle
    • Light Commercial Vehicle
    • Electric Vehicle

     

    By Internal Placement Area

    • Body Structuring
    • PowerTrain / Drivetrain
    • Suspension
    • Internal Component parts
    • External Feature Parts
    • Sensor Systems
    • Chassis Structure
    • Engine Systems

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL ELECTRIC VEHICLE PLASTICS

    EVs need to be covered and casted as required within the requirements of the transitions efficiency and mechanical efforts to have better properties emerged as part of EV adaptability being to the highest with a proper EV plastic integrated into the EV as required within the various components.

     

    The most recent technological addition into the EV sector has been the Carbon Reinforced Plastics being added into the varied levels of components of EVs around the global market of operations.  This material is 30 percent to 50 percent lighter than glass and metal, and is even more durable in some cases, making cars more efficient. In the most recent move, US Department of Energy has proposed that for every 10% weight reduction in a vehicle increases fuel efficiency by 8%, potentially saving consumers $5,000 in gasoline over the life of the vehicle. Lighter cars have a greater range between charges with EVs.

     

    There has been a rather broader perspective of operational plastics integrated into the EVs within the Battery management systems ( BMS ) to have better efficiency and technical specifications improvised. The plastic honeycombs used for crumple zones are now keeping batteries safe in EVs, which have more vulnerable impact absorption characteristics. In comparison to humans, which can withstand a gravitational force (G force) of 80, electric batteries can only withstand a G force of 60, making polymers essential for the long-term viability of costly batteries.

     

    COMPETITIVE LANDSCAPE

    Plastic’s position in automotive vehicle design and manufacture has never been more important, with rigorous laws and changing consumer habits driving demand for more cheap, lightweight, and fuel-efficient automobiles. Fuel efficiency has become one of the most important features in electric vehicle design due to the rising fuel prices and stricter environmental regulations.

     

    Reliant Plastics has been one of the major leaders in the electric vehicle plastics considering their high resistance and light weighting-based design emphasis in the electric vehicle design analysis and integration. It has recently brought upon the  Advanced Composites into action within the industry at varied levels and component requirements. Due to its high heat tolerance (in excess of 300° Celsius) and chemical resistance and inherent lubricity, it is an ideal resin for lighter-weight components that would typically be made of metal.

     

    BASF has also been working upon the various requirements of EV based specific plastics to be brought into complete intervention in the global market for better adaptability. It has recently introduced new product requirements under the plastics technology for EVs. The moulding compounds are available unreinforced, reinforced with glass fibres or minerals and also reinforced with long-glass fibres for special applications. Ultramid® is noted for its high mechanical strength, stiffness, and thermal stability. In addition, Ultramid® offers good toughness at low temperatures, favourable sliding friction behaviour and can be processed without any problems.

     

    COMPANIES PROFILED

     

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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