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Plastics are an excellent material choice for making electric cars due to their simple moldability and great adaptability (EV). The durability and weight of EVs are both improved by the use of polymers, extending the time between recharges.
Additionally, plastics have excellent heat resistance, making it possible to build battery compartments and cool them effectively without compromising the strength and longevity of EVs.
The automotive industry is currently working to improve fuel economy and cut greenhouse gas emissions. Additionally, there has been a growing focus on affordability, utilizing cutting-edge technology, convenience, and environmental sustainability. The demand for electric cars is being driven by each of these causes globally.
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.
The Turkey 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.
The manufacturer of specialized chemicals LANXESS intends to increase its presence in Turkey. It moves in this way by formally establishing its new subsidiary in Istanbul.
All of LANXESS’ products, including high-performance polymers, specialty chemicals, and high-quality chemical intermediates, are sold in Turkey.
Previously, LANXESS structured its activities in the nation through outside distributors. The automobile and tire industries are LANXESS’ two most significant areas in Turkey.
