TAIWAN EV PLASTICS MARKET

INTRODUCTION

The worldwide car industry has undergone a technical revolution as a result of the rising demand for electric vehicles brought on by an increased awareness of environmental issues, which is backed by innovation, the government, and OEM expenditures.

As a result, there is a growing need for related sectors, such as plastics, which is a crucial component in the production of electric cars.

One of the key factors driving the market for electric vehicle plastics is the requirement for lightweight materials by manufacturers to create electric vehicles. The demand for electric vehicles is anticipated to rise, which will fuel the market for electric vehicle plastics. Growing environmental concerns

TAIWAN EV PLASTICS MARKET SIZE AND FORECAST

The Taiwan 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.

MARKET DYNAMICS

Formosa Plastics Corp. (FPC) and Foxconn (Hon Hai), a manufacturer of iPhones in Taiwan, have joined forces to collaborate on the production of electric vehicles (EVs).

In recent years, FPC has had success creating EV batteries.

Foxconn has been scrambling to create its own EV batteries in the meanwhile. The two main items that Foxconn is concentrating on right now are lithium iron phosphate batteries and solid-state batteries.

The world's longest fire-resistance performance was delivered by a novel plastic product developed by LG Chem specifically for battery applications that can stop the spread of flame in batteries.

Thanks to the company's unique technology and production techniques, LG Chem's flame-retardant engineering plastic product can stop the spread of fires. A highly functional engineering plastic product composed of different composites, including polyphenylene oxide (PPO) and polyamide (PA) resin, makes up the new advanced flame barrier product developed by LG Chem.

COMPANY PROFILE

• Formosa Plastics Corp
• LG Chem Ltd.
• Mitsubishi Engineering-Plastics Corporation
• Sumitomo Chemical Co., Ltd.
• Lanxess Corporation

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perTaiwan EV plastics marketright now and how will it change in next 5-6 years?
2. Average cost to set up anEV plastics marketinTaiwan?
3. How manyTaiwan 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 aTaiwan EV plastics marketand key vendor selection criteria
6. Where is theTaiwan EV plastics marketmanufactured? What is the average margin per equipment?
7. Market share ofTaiwan EV plastics marketmanufacturers and their upcoming products
8. The most important plannedTaiwan EV plastics marketin next 2 years
9. Details on network of majorTaiwan EV plastics marketand pricing plans
10. Cost advantage for OEMs who manufactureTaiwan EV plastics marketin-house
11. 5 key predictions for next 5 years inTaiwan EV plastics market
12. Average B-2-BTaiwan EV plastics marketprice in all segments
13. Latest trends inTaiwan EV plastics market, by every market segment
14. The market size (both volume and value) ofTaiwan EV plastics marketin 2022-2027 and every year in between?
15. Global production breakup ofTaiwan EV plastics market, by suppliers and their OEM relationship