EUROPE EV PLASTICS MARKET

INTRODUCTION

The government regulations in Europe, which was the first area to adopt electric cars, are very helpful for the expansion of the EV industry. The EV market in this country is also greatly benefiting from tax exemptions and subsidies.

Additionally, a lot of plastic is being produced for electric vehicles by European chemical companies. 

The lightweight plastic trend is driving profitable growth in the electric car plastics industry. The electric plastic industry is primarily driven by battery electric vehicles (BEV), which will accelerate the expansion of electric vehicle plastic.

The vehicle's weight is lowered thanks to the plastic, which improves performance and spurs demand for polymers for electric vehicles.

Advanced technologies for hybrid, battery-electric, and plug-in hybrid cars can utilise vehicle plastic, which opens up new possibilities. The expansion of the electric vehicle plastic industry has been fueled by government laws and regulations about car emissions and an increase in the sales of electric vehicles.

EUROPE EV PLASTICS MARKET SIZE AND FORECAST

The Europe EV Plastics Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.

EUROPE EV PLASTICS MARKETNEW PRODUCT LAUNCH

LANXESS, a specialty chemicals business, and INFAC, a Korean auto parts expert, have created a battery module housing for electric cars (EVs).

Durethan BKV30FN04 from LANXESS is used in the battery housing to meet the strict mechanical and chemical property requirements for the newest EV components. Excellent flame-retardant and electrical qualities define the halogen-free, flame-resistant, and glass-fiber reinforced polyamide 6 (PA6).

Due to the material's high processing capacity and ability to integrate the complicated functionalities needed for housing components, there are fewer parts, an easier assembly procedure, and less weight as a result.

EUROPE EV PLASTICS MARKETMARKET DYNAMICS

For the project management, engineering, procurement, and construction management and supervision services for a large-scale ethylene plant in Europe, Ineos has given Técnicas Reunidas a contract.

Ethylene is a raw material required for goods that are used in, among other things, wind power plants, solar panels, medical equipment (such as blood bags, sterile containers, magnetic resonance scanners, etc.), long-lasting construction materials, textile products, and lightweight automobile components.

The European chemical industry will have made its greatest capital investment with this one. It will be the most ecologically friendly and energy-efficient facility of its kind in Europe thanks to the innovative technologies used in its creation.

EUROPE EV PLASTICS MARKETCOMPANY PROFILE

• Lanxess Corporation
• INEOS 
• AGC Chemicals
• EMS Chemie Holding
• BASF SE
• Plastic Omnium
• Mitsubishi Engineering-Plastics Corporation Gmbh
• Evonik Industries
• Arkema
• Air Liquide S.A
• BSM Group 
• Covestro AGSaudi Basic Industries Corporation 
• Basell UK Holdings Ltd.

EUROPE EV PLASTICS MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perEurope EV Plastics Marketright now and how will it change in next 5-6 years?
2. Average cost to set up aEV Plastics MarketinEurope?
3. How manyEurope EV Plastics Marketare 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 aEurope EV Plastics Marketand key vendor selection criteria
6. Where is theEurope EV Plastics Marketmanufactured? What is the average margin per equipment?
7. Market share ofEurope EV Plastics Marketmanufacturers and their upcoming products
8. The most important plannedEurope EV Plastics Marketin next 2 years
9. Details on network of majorEurope EV Plastics Marketand pricing plans
10. Cost advantage for OEMs who manufactureEurope EV Plastics Marketin-house
11. 5 key predictions for next 5 years inEurope EV Plastics Market
12. Average B-2-BEurope EV Plastics Marketprice in all segments
13. Latest trends inEurope EV Plastics Market, by every market segment
14. The market size (both volume and value) ofEurope EV Plastics Marketin 2024-2030 and every year in between?
15. Global production breakup ofEurope EV Plastics Market, by suppliers and their OEM relationship