Polypropylene Segment to Dominate South America Plastics For Electric Vehicle Market during 2020-2027
According to a new market research study on “South America Plastics s 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$ 152.83 million by 2027 from US$ 38.25 million in 2019. The market is estimated to grow at a CAGR of 19.1% from 2020 to 2027. The report provides trends prevailing in the South America Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to reduce vehicle weight are the major factor driving the growth of the South America Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of South America Plastics For Electric Vehicle market.
The South America market for Plastics For Electric Vehicle market is segmented into Plastic type, component, vehicle type, application, and country. Based on Plastic 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 South America 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 South America Plastics For Electric Vehicle market.
Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
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 South America 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, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities. This will allow BASF to support its customers with even better engineering Plastics s solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in South America.
The Report Segments the South America Plastics 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 “South America Plastics s 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$ 152.83 million by 2027 from US$ 38.25 million in 2019. The market is estimated to grow at a CAGR of 19.1% from 2020 to 2027. The report provides trends prevailing in the South America Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to reduce vehicle weight are the major factor driving the growth of the South America Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of South America Plastics For Electric Vehicle market.
The South America market for Plastics For Electric Vehicle market is segmented into Plastic type, component, vehicle type, application, and country. Based on Plastic 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 South America 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 South America Plastics For Electric Vehicle market.
Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
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 South America 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, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities. This will allow BASF to support its customers with even better engineering Plastics s solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in South America.
The Report Segments the South America Plastics 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
- Brazil
- Argentina
- Rest of SAM
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America medical device adhesives 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 South & Central America medical device adhesives 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 markets.
- Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security 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 - South America 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 South America Plastics for Electric Vehicle Market
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
