BEV Segment to Dominate Asia Pacific Plastics For Electric Vehicle Market during 2020- 2027
According to a new market research study on “Asia Pacific Plastics For Electric Vehicle Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Plastics Type, Component, Vehicle Type, and Application,” is expected to reach US$ 1753.47 million by 2027 from US$ 419.70 million in 2019. The market is estimated to grow at a CAGR of 19.8% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to decrease vehicle weight is the major factor driving the growth of the Asia Pacific Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials utilized in electric vehicle hinder the growth of Asia Pacific Plastics For Electric Vehicle market.
The Asia Pacific market for Plastics For Electric Vehicle market is segmented into Plastics type, component, vehicle type, application, and country. Based on Plastics type, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and others. In 2019, the polypropylene segment held the largest share Asia Pacific Plastics For Electric Vehicle market. Based on component, the Plastics For Electric Vehicle market is divided into Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others. Interior trim is expected to be the leading segment over the forecast period. Based on vehicle type, the market is segmented into BEV, and PHEV/ HEV. BEV is expected to be the leading segment over the forecast period. Based on application, the market is segmented into Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring. In 2019, the interior segment held the largest share in Asia Pacific Plastics For Electric Vehicle market.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the worldwide supply of Plastics s for electric vehicle.
BASF SE, Solvay SA, DuPont de Nemours, Inc., The Dow Chemical Company, LG Chem Ltd., Lanxess AG, Sabic, Covestro AG, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V.are among the leading companies in the Asia Pacific Plastics For Electric Vehicle market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Korean companies Hyundai Motor Company, Kia Motors Corporation and LG Chem are jointly sponsoring the EV & Battery Challenge, a worldwide competition to identify up to 10 EV and battery start-ups for potential investment and collaboration.
The Report Segments the Asia Pacific Plastic For Electric Vehicle market as Follows:
By Plastics Type
By Component
By Vehicle Type
By Application
By Country
Reasons to Buy
According to a new market research study on “Asia Pacific Plastics For Electric Vehicle Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Plastics Type, Component, Vehicle Type, and Application,” is expected to reach US$ 1753.47 million by 2027 from US$ 419.70 million in 2019. The market is estimated to grow at a CAGR of 19.8% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to decrease vehicle weight is the major factor driving the growth of the Asia Pacific Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials utilized in electric vehicle hinder the growth of Asia Pacific Plastics For Electric Vehicle market.
The Asia Pacific market for Plastics For Electric Vehicle market is segmented into Plastics type, component, vehicle type, application, and country. Based on Plastics type, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and others. In 2019, the polypropylene segment held the largest share Asia Pacific Plastics For Electric Vehicle market. Based on component, the Plastics For Electric Vehicle market is divided into Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others. Interior trim is expected to be the leading segment over the forecast period. Based on vehicle type, the market is segmented into BEV, and PHEV/ HEV. BEV is expected to be the leading segment over the forecast period. Based on application, the market is segmented into Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring. In 2019, the interior segment held the largest share in Asia Pacific Plastics For Electric Vehicle market.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the worldwide supply of Plastics s for electric vehicle.
BASF SE, Solvay SA, DuPont de Nemours, Inc., The Dow Chemical Company, LG Chem Ltd., Lanxess AG, Sabic, Covestro AG, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V.are among the leading companies in the Asia Pacific Plastics For Electric Vehicle market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Korean companies Hyundai Motor Company, Kia Motors Corporation and LG Chem are jointly sponsoring the EV & Battery Challenge, a worldwide competition to identify up to 10 EV and battery start-ups for potential investment and collaboration.
The Report Segments the Asia Pacific Plastic For Electric Vehicle market as Follows:
By Plastics Type
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Others
By Component
- Dashboard
- Seats
- Interior Trim
- Car Upholstery
- Bumper
- Others
By Vehicle Type
- BEV
- PHEV/ HEV
By Application
- Powertrain System/ Under Bonnet
- Exterior
- Interior
- Lighting and Electric Wiring
By Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Plastics For Electric Vehicle market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Plastics For Electric Vehicle market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging market.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Plastics For Electric Vehicle market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. Plastics for Electric Vehicles Market Landscape
5. Plastics for Electric Vehicle Market - Key Market Dynamics
6. Plastics for Electric Vehicles - Asia Pacific Market Analysis
7. Plastics for Electric Vehicle Market Analysis - By Plastic Type
8. Plastics for Electric Vehicle Market Analysis - By Component
9. Plastics for Electric Vehicle Market Analysis - By Vehicle Type
10. Plastics for Electric Vehicle Market Analysis - By Application
11. Plastics for Electric Vehicle Market - Country Analysis
12. Impact of COVID-19 Pandemic on Asia Pacific Plastics for Electric Vehicle Market
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Solvay SA
- DuPont de Nemours, Inc.
- The Dow Chemical Company
- LG Chem Ltd.
- Lanxess AG
- Sabic
- Covestro AG
- Asahi Kasei Corporation
- Lyondellbasell Industries Holdings B.V.
