Plastic Components Market worth 1.49 Billion USD by 2021
Electric Vehicle Plastics Market categorizes the Global Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Resins), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region
(EMAILWIRE.COM, April 05, 2017 ) The report "Plastic Components Market by Vehicle Type (BEV, PHEV, HEV, & ICE), Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Plastics), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region - Global Forecast to 2021",
The electric vehicle plastics market is projected to grow at a CAGR of 27.82%, to reach a market size of USD 1.49 Billion by 2021. The market is driven by factors such as stringent emission regulations leading to lightweighting of passenger cars, and government policies encouraging the adoption for electric vehicles.
Browse 125 market data tables and 59 figures spread through 178 pages and in-depth TOC on “Plastic Components Market by Vehicle Type (BEV, PHEV, HEV, & ICE), Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Plastics), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region - Global Forecast to 2021”
Ask For Brief Illustration Of The Report @:
http://www.marketsandmarkets.com/pdfdownload.asp?id=219387183
Early buyers will receive 10% customization on reports.
“Polyurethanes to be the largest material segment used in electric vehicles”
Polyurethanes is expected to dominate the electric vehicle plastics market. The growth of this market can be attributed to the advantages offered by polyurethanes, such as high strength, flexibility, and resistance to temperature, weather, and radiation. The key applications of polyurethanes are seating, electric wiring, and hard plastic parts. The average percentage of polyurethanes employed in a passenger car is around 15%–20%, according to MarketsandMarkets analysis. Many automotive plastic manufacturers, such as BASF SE (Germany) and The Dow Chemical Company (U.S.), have a wide range of polyurethane products for the automotive industry.
“Battery electric vehicles to be the fastest growing segment in the electric vehicle plastics market”
The Battery Electric Vehicle (BEV) segment is projected to grow at the highest CAGR during the forecast period. The primary difference in the plastics employed in a BEV compared to a Hybrid Electric Vehicle (HEV) is the under hood components. The growth of this market is driven by factors such as increasing innovation, environmental concerns, and stringent emission regulations. To promote the growth of BEVs, governments are introducing various tax and non-tax incentives for electric vehicle owners. This in turn supplements the growth of the plastics employed in these BEVs.
“Asia-Oceania to be the largest market for electric vehicle plastics market”
Asia-Oceania is estimated to dominate the electric vehicle plastics market, and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for electric vehicles in recent years, with China and Japan as the frontrunners. Governments in Asia-Oceania are also trying to provide incentives to support the demand for electric vehicles. For instance, in Japan, electric vehicles are exempted from acquisition tax and tonnage tax, and have a 50% exemption from automobile tax.
The electric vehicle plastics market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are BASF SE (Germany), The Dow Chemical Company (U.S.), INEOS Capital Limited (Switzerland), SABIC (Saudi Arabia), and Lyondellbasell Industries Holdings B.V. (The Netherlands).
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http://www.marketsandmarkets.com/requestCustomization.asp?id=219387183
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
For more information,
Please visit www.marketsandmarkets.com
The electric vehicle plastics market is projected to grow at a CAGR of 27.82%, to reach a market size of USD 1.49 Billion by 2021. The market is driven by factors such as stringent emission regulations leading to lightweighting of passenger cars, and government policies encouraging the adoption for electric vehicles.
Browse 125 market data tables and 59 figures spread through 178 pages and in-depth TOC on “Plastic Components Market by Vehicle Type (BEV, PHEV, HEV, & ICE), Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Plastics), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region - Global Forecast to 2021”
Ask For Brief Illustration Of The Report @:
http://www.marketsandmarkets.com/pdfdownload.asp?id=219387183
Early buyers will receive 10% customization on reports.
“Polyurethanes to be the largest material segment used in electric vehicles”
Polyurethanes is expected to dominate the electric vehicle plastics market. The growth of this market can be attributed to the advantages offered by polyurethanes, such as high strength, flexibility, and resistance to temperature, weather, and radiation. The key applications of polyurethanes are seating, electric wiring, and hard plastic parts. The average percentage of polyurethanes employed in a passenger car is around 15%–20%, according to MarketsandMarkets analysis. Many automotive plastic manufacturers, such as BASF SE (Germany) and The Dow Chemical Company (U.S.), have a wide range of polyurethane products for the automotive industry.
“Battery electric vehicles to be the fastest growing segment in the electric vehicle plastics market”
The Battery Electric Vehicle (BEV) segment is projected to grow at the highest CAGR during the forecast period. The primary difference in the plastics employed in a BEV compared to a Hybrid Electric Vehicle (HEV) is the under hood components. The growth of this market is driven by factors such as increasing innovation, environmental concerns, and stringent emission regulations. To promote the growth of BEVs, governments are introducing various tax and non-tax incentives for electric vehicle owners. This in turn supplements the growth of the plastics employed in these BEVs.
“Asia-Oceania to be the largest market for electric vehicle plastics market”
Asia-Oceania is estimated to dominate the electric vehicle plastics market, and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for electric vehicles in recent years, with China and Japan as the frontrunners. Governments in Asia-Oceania are also trying to provide incentives to support the demand for electric vehicles. For instance, in Japan, electric vehicles are exempted from acquisition tax and tonnage tax, and have a 50% exemption from automobile tax.
The electric vehicle plastics market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are BASF SE (Germany), The Dow Chemical Company (U.S.), INEOS Capital Limited (Switzerland), SABIC (Saudi Arabia), and Lyondellbasell Industries Holdings B.V. (The Netherlands).
Request For A Customization Of The Report@:
http://www.marketsandmarkets.com/requestCustomization.asp?id=219387183
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
For more information,
Please visit www.marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results