European Electric Vehicle Plastics Market to See Massive Growth by 2030

The European electric vehicle plastics market is projected to grow at a significant CAGR during the forecast period. Europe is home to various major automotive companies and represents a significant share of the global automotive industry. It has significantly contributed to the electric vehicle industry coupled with electric vehicle plastics market growth. Government supports as subsidies for EV and their charging stations is continuously augmenting the electric vehicle market growth. For instance, Germany offers grants of around $5,000 for plug-in hybrids whereas for cars of prices over $44,000 the grant can be more than $5,500. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla Inc., Volkswagen AG, and so on.

Moreover, with the increasing manufacturing capabilities of EV in the region, the demand for plastic is also expected to increase during the forecast period. For instance, in Germany, Tesla, Inc., is developing Tesla Gigafactory Berlin-Brandenburg. The factory will manufacture batteries, battery packs, and powertrains for Tesla vehicles, as well as assemble the Tesla Model Y. The production of the factory is expected to start in late 2021.

To Request a Sample of our Report on European Electric Vehicle Plastics Market:  https://www.omrglobal.com/request-sample/europe-electric-vehicle-plastics-market

European Electric Vehicle Plastics Market – Segmentation

By Plastic Type

  • Polyvinyl Chloride (PVC)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyamide (PA)
  • Polycarbonate (PC)
  • Polyurethane (PU)
  • Polyamide (PA)
  • Polymethylmethacrylate (PMMA)
  • Others (Polypropylene)

By Vehicle Type

  • Hybrid Electric Vehicles (HEVs)
  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicles (PHEVs)

A full Report of European Electric Vehicle Plastics Market is Available at:  https://www.omrglobal.com/industry-reports/europe-electric-vehicle-plastics-market

European Electric Vehicle Plastics Market – Segmentation by Region

  • UK
  • Germany
  • France
  • Italy
  • Spain

Rest of Europe 

Company Profiles

  • Arkema Group
  • BASF SE
  • Covestro AG
  • Evonik Industries AG
  • INEOS AG
  • Mitsubishi Chemical Corp.
  • LyondellBasell Industries Holdings B.V.
  • LANXESS AG
  • LG Chem Ltd.
  • SABIC
  • Solvay SA

Reasons to buy from us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404