SOUTH AFRICA EV PLASTICS MARKET

INTRODUCTION

The market for electric vehicle plastics is primarily driven by the growing need for high-performance plastic to provide safety and security and the growing focus on reducing the weight of electric vehicles.

Since reducing the weight of vehicles has been a priority for the past ten years, it will be even more important to counteract hefty batteries, which will benefit the plastics sector. 

Weight reduction is the main factor for OEMs to use metal-to-plastic conversion and injection molded plastic components. A longer-range between recharges is increasingly considered essential by buyers when evaluating an electric car.

Additionally, the usage of bioplastic in electric vehicles is emerging as a new style and approach to the recycling problem.

Leading automotive suppliers and manufacturers are increasingly using bioplastics, such as polyester and polyamide based on plants, to reduce the environmental effect of their goods. As a result, to stay competitive in the era of green technology, automakers are increasingly turning to bioplastics.

SOUTH AFRICA EV PLASTICS MARKET SIZE AND FORECAST

The South Africa EV 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.

SOUTH AFRICA EV PLASTICS MARKET DYNAMICS

Following the signing of a strategic collaboration agreement, TotalEnergies and Plastic Omnium will work together to create and develop novel recycled polypropylene plastic materials that satisfy the stringent aesthetic and safety requirements for the automobile sector.

In order to create new recycled materials with improved performance that are better for the environment while delivering practical solutions to the issues posed by end-of-life plastics, TotalEnergies and Plastic Omnium will combine their engineering expertise.

The automobile industry's usage of plastic in the bodywork has a significant impact on reducing carbon emissions. They make it simpler to increase aerodynamic efficiency and decrease vehicle weight, which in turn helps lower fuel consumption for internal combustion engines and boost the range of electric cars.

SOUTH AFRICA EV PLASTICS MARKET COMPANY PROFILE

• BASF SE
• Sumitomo Chemical Co
• Plastic Omnium
• Air Liquide S.A 
• Evonik Industries
• INEOS
• du Pont de Nemours and Company
• LyondellBasell Industries 
• SABIC
• Lanxess Corporation 

SOUTH AFRICA EV PLASTICS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per EV Plasticsright now and how will it change in next 5-6 years?
2. The average cost to set up anEV Plastics MarketinSouth Africa?
3. How manySouth Africa 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 aSouth Africa EV Plastics Marketand key vendor selection criteria
6. Where is theSouth Africa EV Plastics Marketmanufactured? What is the average margin per equipment?
7. Market share of  EV Plasticsmanufacturers and their upcoming products
8. The most important plannedEV Plasticsin the next 2 years
9. Details on network of majorSouth Africa EV Plasticsand pricing plans
10. Cost advantage for OEMs who manufacture EV Plasticsin-house
11. 5 key predictions for next 5 years inSouth Africa EV Plastics Market
12. Average B-2-BSouth Africa EV Plastics Marketprice in all segments
13. Latest trends inEV Plastics, by every market segment
14. The market size (both volume and value) ofSouth Africa EV Plasticsin 2024-2030 and every year in between?
15. Global production breakup ofSouth Africa EV Plastics Market, by suppliers and their OEM relationship