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The need for lightweight plastic applications dominates the market for polymers used in the production of electric vehicles. The use of lightweight polymers in electric cars has the potential to boost both fuel efficiency and battery range (BEV).
Thanks in large part to BEV, which is forecast to be the sector’s largest contributor, the global market for electric vehicle plastics is expected to grow more quickly.
The interior, exterior, baggage compartment, and bonnet area of an electric car all have parts made of plastic. The use of plastic-based parts is advantageous since they can account for more than half of the volume of the weight of the electric car.
Demand is also expected to increase since plastic performs better than metal in electric car applications. Less reliance on petroleum and lower carbon emissions are two reasons driving the market for polymers used in electric vehicle components.
The Spain 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.
AIMPLAS, a Spanish plastics technology business, is developing the VETERIA21, which focuses on cutting-edge production techniques to generate sustainable materials for the electric car sector. With the battery casings as the starting point, it is intended to lighten electric cars.
For the purpose of enhancing the qualities of thermoplastic composites, AIMPLAS will provide fresh and effective transformation procedures. The overarching objective is to replace the metals in the battery casings of electric vehicles.
AIMPLAS stated that the project’s main objective is to improve thermoplastic composites’ transformation processes in order to enhance their qualities and enable the replacement of metals in electric vehicle battery casings without sacrificing the sustainability and circularity of the new solutions.
