EV EPS STEERING HOUSING PLASTICS MARKET

INTRODUCTION

As a material for foreshore infrastructure, EPS would seem to be the best choice because it is affordable, lightweight, and floats. However, as EPS starts to weather, it erodes quickly and disintegrates into tiny particles that cling to the surroundings and are nearly impossible to remove.

By volume, EPS is the most frequent contaminant on BC shorelines, and a close inspection of practically any beach will reveal tiny white specks of foam dispersed all over.

In addition to absorbing pollutants from the environment and functioning as a vector for infections and harmful chemicals, these microplastics are consumed by fish, birds, and marine animals. In summary, foam docks are a significant source of EPS pollution, which poses a serious risk to both human and ocean health.

Because of its widespread use, coastal communities have come up with some inventive solutions. For example, on Vancouver Island, local shapers are developing novel techniques for converting big chunks of marine trash into surfboards.

By redefining garbage, this creative idea is lowering the environmental impact of transporting this low-density material for chemical recycling. 

Despite its cleverness, this project only offers an end-of-life option for just 1% of the foam that is annually retrieved from shorelines. The only disposal choices for a lot of the recovered foam from the environment are landfill or incineration since it is too contaminated with organic material to be reused or recycled. Not to mention the thousands of irrecoverable foam fragments that every leaking billet releases into the water and along the shore.

A housing or enclosure is a container, protective exterior (such as a shell), or enclosing structural element (such as a chassis or exoskeleton) intended to facilitate easier handling,

provide attachment points for internal mechanisms (such as mounting brackets for electrical components, cables, and pipings), maintain the cleanliness of the contents by preventing fouling and other contaminations, or protect interior mechanisms (such as delicate integrated electrical components). A device's housing could also be the object's main structural component.

EV EPS STEERING HOUSING PLASTICS MARKET SIZE AND FORECAST

The Global EV EPS Steering Housing plastics market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

EV EPS STEERING HOUSING PLASTICS MARKET COVID-19 IMPACT

The COVID-19 pandemic's spread caused an international economic and public health crisis. Due to complete or partial lockdown restrictions across numerous nations to stop the spread of the COVID-19 virus, many sectors have experienced a consequent decline in the output of electric power steering.

Large-scale product manufacturing has been hampered by COVID-19, and assembly lines have been stopped while under lockdown. Since practically all auto factories, showrooms, and workshops were shut down as a result of the lockdown order to stop the epidemic, there was a dramatic drop in vehicle production and sales, which had an impact on the global market for electric power steering.

However, the market is exhibiting encouraging signs of recovery and is expected to rebound in around two years as a result of market liberalization and the increased emphasis on research and development.

EV EPS STEERING HOUSING PLASTICS MARKET COMPANY PROFILE

• ThyssenKrupp
• GKN
• Federal-Mogul
• Nexteer
• Mitsubishi

EV EPS STEERING HOUSING PLASTICS MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

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