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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Plastic is both an insulator and a conductor of electricity. As a result, it has special functions in batteries, alternative drivetrains, and propulsion.
There is increasing pressure on the world stage to continue cutting greenhouse gas (GHG) emissions. Polycarbonate. Similar to polypropylene, polycarbonate is so impact resistant that headlamp lenses and automotive bumpers are frequently made of it.
This particular automotive material is extremely weather-resistant, able to withstand everything from heat and cold to rain and snow.
The Global EV lighting 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.
Covestro introduces an electric vehicle design composed of high-tech plastic. A novel approach based on holographic films that can incorporate lighting features into body components has been developed by Covestro.
This may also incorporate pre-programmed chips that will aid in the introduction of driverless vehicles in the future. After demonstrating that a solar-powered aircraft can travel the globe, Covestro recently unveiled a concept electric automobile constructed of polycarbonate.
By using this material, the car's weight was significantly reduced, and its efficiency was increased. To commercialise the idea, the business is in talks with top automakers worldwide.
Covestro materials have been used everywhere, from the PC (polycarbonate) body's biobased, eco-friendly coating to the PC composite-reinforced wheel shutters.
The front of the car has a smooth design and a high level of functional integration. Wraparound polycarbonate glazing that wraps completely pillar-integrated pillars integrated pillars and integrated pillars The vehicle also features improved aerodynamic wheels with adjustable cooling "shutters" that can be opened and closed.
As it grows in size, the cost for businesses and consumers can undoubtedly decrease significantly. The business is also creating new materials to repair automotive dings and scrapes.
While acknowledging that the adoption of novel products by the auto industry is a slow process, they can replace every metal used in the production of cars with polycarbonate and see no reason why this material, which is quickly replacing the majority of metal parts in cars, cannot be used in the production of conventional cars.
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, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
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, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |