THAILAND EV PLASTICS MARKET

INTRODUCTION

While metal remains the preferred material when it comes to producing various auto parts, the subsequent rise in the weight of vehicles has prompted automakers to search for alternatives in order to optimize overall vehicle efficiency.

Thus, plastics are the second most frequent material used nowadays to construct various automobile parts after metal.

Due to the presence of a bigger battery pack, a smaller internal combustion engine, and the need for lightweight materials to increase fuel economy, electric cars consume more plastic than traditional automobiles.

The raw materials used most frequently to create the components and accessories that make up an electric car are known as electric vehicle plastics.

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 and less than 15% of the weight of the electric car.

THAILAND EV PLASTICS MARKET SIZE AND FORECAST

The Thailand 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

EVBox Group, a renowned full-service supplier for electric vehicle charging, has been collaborating with Covestro for more than ten years. Covestro is pushing the shift to electromobility with novel material solutions.

Both businesses want to establish an even more sustainable solution by utilizing Makrolon RE, the mass-balanced polycarbonate that has received ISCC PLUS certification.

The goal is to establish a new benchmark for charging infrastructure. Since fossil fuels are no longer needed to power electric vehicles, both partners are now working to preserve resources for charging stations and outfit them with more environmentally friendly materials.

Although joint research and development is just getting started, ISCC PLUS-certified Makrolon® RE has already overcome a significant obstacle: it satisfies the technical specifications of charging station manufacturers.

COMPANY PROFILE

• Indorama Ventures Public Company Limited
• SCG Chemicals Co., Ltd.
• INEOS Styrolution Group GmbH
• Thai Plastic Industries Co., Ltd.
• Covestro AG

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perThailand EV Plastics Marketright now and how will it change in next 5-6 years?
2. Average cost to set up aEV Plastics MarketinThailand?
3. How manyThailand 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 aThailand EV Plastics Marketand key vendor selection criteria
6. Where is theThailand EV Plastics Marketmanufactured? What is the average margin per equipment?
7. Market share ofThailand EV Plastics Marketmanufacturers and their upcoming products
8. The most important plannedThailand EV Plastics Marketin next 2 years
9. Details on network of majorThailand EV Plastics Marketand pricing plans
10. Cost advantage for OEMs who manufactureThailand EV Plastics Marketin-house
11. 5 key predictions for next 5 years inThailand EV Plastics Market
12. Average B-2-BThailand EV Plastics Marketprice in all segments
13. Latest trends inThailand EV Plastics Market, by every market segment
14. The market size (both volume and value) ofThailand EV Plastics Marketin 2022-2027 and every year in between?
15. Global production breakup ofThailand EV Plastics Market, by suppliers and their OEM relationship