SAUDI ARABIA EV PLASTICS MARKET

INTRODUCTION

Electric car demand will increase as the market grows in popularity. An emphasis on environmental sustainability has led to a change in the industry toward producing cars that emit fewer greenhouse gases and are generally more fuel-efficient. 

Cost-effectiveness, environmental sustainability, convenience, and a range of governmental programs, such as preferred rates, incentives for equipment purchases, and sizeable refunds, are considered when evaluating the market for electric cars.

All of these elements have increased demand for electric cars and, consequently, for the plastic parts used in them.

SAUDI ARABIA EV PLASTICS MARKET SIZE AND FORECAST

The Saudi Arabia EV Plastics Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

NEW PRODUCT LAUNCH

The usefulness of lightweight plastics in addressing crucial industrial demands for flexible design and performance has been highlighted by Sabic's development of an electric vehicle (EV) battery pack idea that uses a lot of plastic. This concept was created utilizing a systems-engineering methodology.

Comparing Sabic's concept to conventional battery pack designs made of traditional materials like aluminum and other metals, it is possible to achieve weight savings of thirty to fifty per cent per component, increase energy density, simplify the assembly process, lower costs, enhance thermal control and safety, and improve crashworthiness.

The battery pack design created by Sabic makes use of the advantages and strengths of thermoplastics to enhance performance, save costs and weight, and enable mass production.

The concept's salient features include the integration of individual batteries into pouch cells housed within a thin-walled container made of a flame-resistant (FR) Sabic polypropylene (PP) composite that is 30 per cent packed with glass fiber.

To minimize weight and achieve structural requirements, geometric characteristics like a double-wall structure, a new rib pattern, and inventive functional integration are made possible by Sabic thermoplastics.

Ingenious ways to improve thermal management performance by using the anisotropic thermal conductivity of polymers.

COMPANY PROFILE

• Saudi Basic Industries Corporation (SABIC)
• Lanxess Corporation
• Eastman Chemical Company
• Covestro AG
• Arkema
• Plastic Omnium

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perSaudi Arabia EV Plastics Marketright now and how will it change in next 5-6 years?
2. Average cost to set up anEV Plastics MarketinSaudi Arabia?
3. How manySaudi Arabia 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 aSaudi Arabia EV Plastics Marketand key vendor selection criteria
6. Where is theSaudi Arabia EV Plastics Marketmanufactured? What is the average margin per equipment?
7. Market share ofSaudi Arabia EV Plastics Marketmanufacturers and their upcoming products
8. The most important plannedSaudi Arabia EV Plastics Marketin next 2 years
9. Details on network of majorSaudi Arabia EV Plastics Marketand pricing plans
10. Cost advantage for OEMs who manufactureSaudi Arabia EV Plastics Marketin-house
11. 5 key predictions for next 5 years inSaudi Arabia EV Plastics Market
12. Average B-2-BSaudi Arabia EV Plastics Marketprice in all segments
13. Latest trends inSaudi Arabia EV Plastics Market, by every market segment
14. The market size (both volume and value) ofSaudi Arabia EV Plastics Marketin 2022-2027 and every year in between?
15. Global production breakup ofSaudi Arabia EV Plastics Market, by suppliers and their OEM relationship