Electric vehicles are made to lessen reliance on fossil fuels and reduce carbon emissions. In the long term, it is anticipated that demand for electric vehicle polymers will increase as a result of economies around the world looking to electric vehicle use as a significant means of reducing greenhouse gas emissions. In nations like Norway, owners of electric vehicles can benefit from things like paying no road tax, not being subject to vehicle taxes, paying less for parking, and not having to pay for ferry or road tolls. Additionally, it is anticipated that demand for electric vehicle polymers would increase as high-use vehicles, such as public transportation, electrify.
Electric vehicle polymers are used to lighten electric vehicles without sacrificing their performance. Sales of BEVs are predicted to rise steadily as BEV technology advances along with energy density and battery capacity and as vehicles become more autonomous and networked.
Segmental Analysis of Global Electric Vehicle Polymers Market:
Based on Type
ENGINEERING PLASTICS
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide
- Polycarbonate
- Polyphenylene Sulfide (PPS)
- Polyurethane
- Polypropylene
- Fluoropolymer
- Thermoplastic Polyester
ELASTOMERS
- Natural Rubber
- Synthetic Rubber
- Fluoroelastomer
- Silicone Elastomer
Elastomers are materials that are produced by joining polymers through chemical bonds to achieve a crosslinking structure.
The main properties of these materials are elasticity and high elongation against cracking and breaking. They are used in the form of rubber in an electric car for manufacturing of tires and as sealants.
Based on Components
- Exterior
- Interior
- Powertrain Systems
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Top Key Players:-
- BASF SE
- Celanese Corporation
- Covestro AG
- DuPont de Nemours, Inc.
- Evonik Industries AG
- Kumho Polychem
- Lanxess AG
- LG Chem Ltd.
- Saudi Basic Industries Corporation
- Solvay
- Daikin Industries
- Arkema
- JSR Corporation
- LyondellBasell Industries
- Mitsubishi Engineering-Plastics Corporation
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Frequently Asked Questions (FAQ):
- What are the driving factors for EV (cars) polymers market?
- What is the major type of polymers used in electric vehicle (Cars)?
- Which components of electric vehicles use polymers?
- What are the opportunities for the EV polymer market?
- Why polymers have importance in an electric vehicle?
- Who are the major manufacturers?
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