Asia-Pacific electric vehicle plastics market is estimated to grow with a lucrative CAGR during the forecast period. The major factors that further contribute to the growth of the market include the growing demand for plastic parts and accessories in electric vehicles coupled with the rising electric vehicle industry. For instance, as per the International Energy Agency (IEA), electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Moreover, the rising demand for light vehicles for reducing fuel consumption further provides a significant opportunity for the market.
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The Asia-Pacific market for electric vehicle plastics is segregated on the basis of plastic-type and vehicle type. Based on the plastic-type, the market is further classified into polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polyurethane (PU), polymethylmethacrylate (PMMA), and others (Polypropylene). Based on the vehicle type, the Asia-Pacific electric vehicle plastics market is further segmented into hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs). The BEV segment is estimated to have a considerable share in the market. Based on geography, the Asia-Pacific electric vehicle plastics market is further segregated into China, India, Japan, and the Rest of Asia-Pacific. Among, geography China is projected to have the largest share in the region. As per IEA, in 2018, around half of the global EV sales were from China.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Electric Vehicle Plastics Market by Plastic Type
- Polyvinyl Chloride (PVC)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyurethane (PU)
- Polyamide (PA)
- Polymethylmethacrylate (PMMA)
- Others (Polypropylene)
Asia-Pacific Electric Vehicle Plastics Market by Vehicle Type
- Hybrid Electric Vehicles (HEVs)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicles (PHEVs)
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Asahi Kasei Corp.
- BASF SE
- DuPont de Nemours, Inc.
- Formosa Plastics Corp.
- Mitsui Chemicals, Inc.
- Mitsubishi Chemical Corp.
- LG Chem Ltd.
- Reliance Industries Ltd.
- SABIC
- Sumitomo Chemical Co., Ltd.
- UBE Industries, Ltd.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific electric vehicle plastics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific electric vehicle plastics market.
- Insights about market determinants that are stimulating the Asia-Pacific electric vehicle plastics industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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