GLOBAL EV THERMOPLASTICS MARKET

INTRODUCTION

Any plastic polymer substance that becomes malleable or moldable at a specific elevated temperature and solidifies upon cooling is referred to as thermoplastic or thermoset plastic.

The majority of thermoplastics have large molecules. The intermolecular forces that hold the polymer chains together diminish quickly with rising temperature, resulting in a viscous liquid.

Thermoplastics may be reshaped in this state and are frequently utilized to make parts using a variety of polymer processing processes, including extrusion, calendering, injection molding, and compression molding.

Thermoplastics are distinct from thermosetting polymers (sometimes known as "thermosets"), which during the curing process create irreversible chemical connections.

Thermosets often break down and do not reform after cooling, yet they do not melt when heated.

 All-electric vehicles (commonly referred to as EVs or BEVs) don’t use gasoline and instead have a large battery that powers one or more electric motors.

Currently, all-electric vehicles have a driving range of 80 to more than 300 miles, with ranges increasing as new models are introduced.

In addition to driving past the gas station, all-electric vehicles don’t require much maintenance (such as oil changes, smog checks, spark plug changes, and replacing a catalytic converter or various other parts that wear out and break down) compared to gas cars.

GLOBAL EV THERMOPLASTICS MARKET SIZE AND FORECAST

The Global EV thermoplastics market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Saudi Basic Industries Corporation (SABIC) continues to create EV thermoplastics-based solutions as automakers quicken their transition to all-electric vehicles, utilizing experience and knowledge to assist the automotive sector in maximizing the performance of electric vehicles (EV).

The most notable of these is that SABIC's automotive business unit has adopted a system engineering approach to develop an electric vehicle (EV) battery pack concept based on lightweight plastics to explore the value of such materials and to address the automotive industry's needs for flexible design, performance enhancement, the need to strengthen safety, and increased economic effectiveness.

SABIC uses a lightweight thermoplastic battery pack concept as opposed to conventional battery pack designs that use traditional materials like aluminum and other metals.

This concept could potentially reduce the weight of each component by 30% to 50%, increase energy density, and simplify the assembly process. It could also lower costs, improve thermal control and safety, and increase crash resistance.

COMPANY PROFILE

• SABIC
• BASF SE
• Dupont
• Sumitomo Chemicals
• Asahi Kasei
• Mitsubishi

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. How many EV thermoplastics are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV thermoplastics and key vendor selection criteria
3. Where is the EV thermoplastics manufactured? What is the average margin per unit?
4. Market share of Global EV thermoplastics market manufacturers and their upcoming products
5. The cost advantage for OEMs who manufacture Global EV thermoplastics in-house
6. key predictions for the next 5 years in the Global EV thermoplastics market
7. Average B-2-B EV thermoplastics market price in all segments
8. Latest trends in the EV thermoplastics market, by every market segment
9. What is the market size (both volume and value) of the EV thermoplastics market in 2023-2030 and every year in between?
10. Production breakup of the EV thermoplastics market, by suppliers and their OEM relationship