Market by Electric Vehicle Type, Component, Plastic Type, and Country Outlook | Forecast 2022-2028
As per Triton’s research report, the electric vehicle plastics market in the Asia-Pacific is estimated to grow with a CAGR of 31.10% over the forecasting period 2022-2028.
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The
countries analyzed in this region include:
•
India
•
China
•
South Korea
•
Japan
•
ASEAN Countries
•
Australia & New Zealand
•
Rest of Asia-Pacific
The market in this
region is expected to witness prolific growth over the estimated period. The
demand for plastic is expanding rapidly owing to the surge in the manufacturing
of electric and hybrid electric vehicles. These factors are anticipated to direct
the electric vehicle plastics market on a growth path. On the other hand, the
volatile prices of raw materials are a concern for manufacturers in the region.
In China, electric
vehicle hit record sales almost every month in 2021. This can be
attributed to the ramping up of EVs with high-quality variations, along with
the development of charging stations across the country and government
incentives for the same. The $4200 Wuling EV minicar has seen immense
popularity among buyers, outselling Tesla so far this year. Other high-in-demand
new EVs include Xpeng and Nio, with prices matching Tesla’s. China is leading
the global EV development, with its government targeting 7 million unit
sales by 2025. This implies that, within the next decade, 1 in every 5 sales in
the Chinese automobile market would be an EV or hybrid EV. The development of
the electric vehicle market is beneficial for the growth of the EV plastic
market in the country.
APB, a startup in
Japan, is looking to start the commercial production of a lithium-ion battery this
year. However, unlike most lithium-ion batteries, the company plans to make all
its parts entirely out of plastic, with a view to make the power cells safer. Lithium-ion
batteries are used in a range of products, from smartphones to electric vehicles.
However, a series of accidents with batteries reportedly heating up and
catching fire have been reported. Polymers exhibit higher resistance to
electric currents, and therefore, APB’s batteries would not dramatically heat
up. Such developments are expected to foster the growth of the electric vehicle
plastics market in Japan in the coming years.
A hybrid electric
vehicle (HEV) is powered by an intrinsic combustion engine (ICE), combined with
a single or multiple electric motors that use the energy stored
in batteries. HEVs provide the benefits of both, a high-fuel
economy as well as low tailpipe emissions with the range and power of
conventional vehicles. On the other hand, a plug-in hybrid electric
vehicle (PHEV) is a hybrid electric vehicle equipped with rechargeable
batteries, which can be fully charged by connecting a plug to an
external electric source of power. The studied
report assesses the market’s growth based on electric vehicle type, component, and plastic
type. Here, the electric vehicle type
segment comprises BEV and HEV/PHEV.
Leading
companies considered in the electric vehicle plastics market include
Ineos Capital Ltd, Sumitomo Chemical Co Ltd, Plastic Omnium, BASF
SE, Asahi Kasei Corp., Mitsui Chemicals, and Covestro AG.
Sumitomo Chemical Co
Ltd or SCL is a major chemical company. It is headquartered in Tokyo,
Japan. The company caters to plastic, petrochemicals, pharmaceuticals, home
appliances, energy, and other industries. Sumitomo Chemical and other companies
in Japan have introduced an EV prototype in a potential breakthrough toward a greater
driving range, which is nearly 40% lighter than comparable existing vehicles.
This prototype can carry three occupants. Also, its product, branded as
SUMIKASUPER E101, has applications in automotive interiors and the engine
compartment of electric vehicles. SCL was founded in 1913 and has approximately
35,000 employees.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
· Comprehensive
information and estimation of the electric vehicle plastics market revenue
growth in Asia-Pacific and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces
· A
wide-ranging study of factors that will challenge the APAC electric vehicle
plastics market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ELECTRIC VEHICLE PLASTICS INDUSTRY
2.2. EVOLUTION
& TRANSITION OF ELECTRIC VEHICLE PLASTICS
2.3. KEY
INSIGHTS
2.3.1. USAGE
OF ANTI-MICROBIAL PLASTICS/ADDITIVES IN ELECTRIC VEHICLES
2.3.2. USE
OF BIOPLASTIC IN ELECTRIC VEHICLES
2.3.3. INCREASE
IN ELECTRIC BUS & HEAVY-DUTY TRUCK (HDT) REGISTRATION IN 2020
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
IMPACT ANALYSIS
2.5.1. SUPERIOR
TECHNOLOGY
2.5.2. APPLICATION
2.5.3. EFFICIENCY
2.5.4. COST-EFFECTIVENESS
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. INDUSTRY
COMPONENTS
2.9. REGULATORY
FRAMEWORK
2.10. KEY
MARKET STRATEGIES
2.10.1. ACQUISITIONS
2.10.2. PRODUCT
DEVELOPMENTS
2.10.3. BUSINESS
EXPANSIONS
2.11. MARKET
DRIVERS
2.11.1. INCREASING
SIGNIFICANCE OF HIGH-PERFORMANCE PLASTIC TO ASSURE SAFETY AND SECURITY
2.11.2. EMPHASIS
ON ELECTRIC VEHICLE LIGHTWEIGHTING
2.12. MARKET
CHALLENGES
2.12.1. SLOW
ADOPTION OF ELECTRIC VEHICLES
2.12.2. ELECTRIC
VEHICLE PLASTIC RECYCLING ISSUES
2.13. MARKET
OPPORTUNITIES
2.13.1. ENHANCED
POPULARITY OF ELECTRIC MICROMOBILITY DUE TO THE PANDEMIC
2.13.2. SPENDING
ON ELECTRIC VEHICLES BY BOTH CONSUMERS & GOVERNMENT ON THE RISE
2.13.3. STRINGENT
EMISSION STANDARDS TO DRIVE ELECTRIFICATION
3. ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY ELECTRIC VEHICLE TYPE
3.1. BEV
3.2. HEV/PHEV
4. ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY COMPONENT
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY PLASTIC TYPE
5.1. POLYURETHANE
(PU)
5.2. POLYAMIDE
(PA)
5.3. ACRYLONITRILE
BUTADIENE STYRENE (ABS)
5.4. POLYPROPYLENE
(PP)
5.5. POLYCARBONATE
(PC)
5.6. OTHER
ELECTRIC VEHICLE PLASTIC TYPES
6. ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.1. DUPONT
7.2. DOW
CHEMICAL COMPANY
7.3. EVONIK
INDUSTRIES
7.4. INEOS
CAPITAL LTD
7.5. BASF
SE
7.6. PLASTIC
OMNIUM
7.7. MITSUI
CHEMICALS
7.8. COVESTRO
AG
7.9. ASAHI
KASEI CORP.
7.10. LANXESS
CORPORATION
7.11. LYONDELLBASELL
INDUSTRIES NV
7.12. SUMITOMO CHEMICAL CO LTD
7.13. MOMENTIVE
PERFORMANCE MATERIALS
7.14. HANWHA
AZDEL INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: REGULATORY
FRAMEWORK
TABLE 4: LIST OF
ACQUISITIONS
TABLE 5: LIST OF
PRODUCT DEVELOPMENTS
TABLE 6: LIST OF
BUSINESS EXPANSIONS & DIVESTITURES
TABLE 7: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY PLASTIC TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
FIGURE 1: PLASTIC USE
IN ELECTRIC VEHICLES
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: INDUSTRY
COMPONENTS
FIGURE 5: RATIO OF
PUBLIC CHARGERS PER EV STOCK, BY COUNTRY, 2020
FIGURE 6: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, ELECTRIC VEHICLE TYPE OUTLOOK, 2021 & 2028 (IN %)
FIGURE 7: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY BEV, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, BY HEV/PHEV, 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC ELECTRIC
VEHICLE PLASTICS MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 10: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY POWERTRAIN, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY EXTERNAL, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY INTERNAL, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, PLASTIC TYPE OUTLOOK, 2021 & 2028 (IN %)
FIGURE 14: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYURETHANE, 2022-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYAMIDE, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE, 2022-2028
(IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYPROPYLENE, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYCARBONATE, 2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, BY OTHER ELECTRIC VEHICLE PLASTICS, 2022-2028
(IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
ELECTRIC VEHICLE PLASTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 21: CHINA ELECTRIC
VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: JAPAN ELECTRIC
VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: INDIA ELECTRIC
VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: SOUTH KOREA ELECTRIC
VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: ASEAN
COUNTRIES ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: AUSTRALIA
& NEW ZEALAND ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: REST OF
ASIA-PACIFIC ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)