Market by Polymer Type, Application, and Country | Forecast 2019-2028
The Asia-Pacific electric vehicle polymers market is expected to register growth at a CAGR of 31.61% during the estimated years 2019-2028.
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The countries
considered in this market include:
• India
• China
• Japan
• Australia & New Zealand
• South Korea
• ASEAN countries
• Rest of APAC
The Asia-Pacific market
is influenced by the innovation and adoption of high-performance electric
vehicles, primarily in China, Japan, and South Korea. However, India is
observing growth in the adoption of electric vehicles. Moreover, the
implementation of regulations regarding low CO2 emission, coupled with
subsidies for electric vehicles, has helped the region's electric vehicles
market at a fast pace. This will also increase the need for polymers in electric
vehicles. Hence, the growth in the demand for electric vehicles opens up
potential growth opportunities for the studied market in the region over the
forthcoming period.
In India, the
government has taken numerous strategic measures to reduce pollution levels in
the country. For instance, the Faster Adoption and Manufacturing of Hybrid
& Electric Vehicles (FAME) is a strategic measure that supports the demand
generation and acceptability of electric vehicles in the country. The
implementation of such initiatives will support the adoption of EVs as well as
polymers, which will further contribute to the market's growth.
China is known as the
largest manufacturer of plug-in hybrid vehicles in the region. Moreover, many
prominent companies have introduced plug-in hybrid versions in the existing
vehicle models owing to the significant surge in the sale of these versions.
This surge in the manufacturing of electric vehicles in China is expected to
increase the demand for polymers for numerous external and internal components
during production. Therefore, enhanced manufacturing output is contributing to
the expansion of the electric vehicle polymers market in the APAC region.
China Sinopec (China Petrochemical Corporation) is an integrated energy and chemical firm with upstream, downstream, and midstream operations. The company has products such as crude oil, petrochemicals, and natural gas. The intermediate petrochemicals include synthetic resins and synthetic fiber monomers and polymers. It is headquartered in Beijing, China.
1. ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. INCREASE
IN NUMBER OF MERGERS AND ACQUISITIONS
2.2.2. RISE
IN APPLICATION OF POLYMERS ON EXTERNAL BODY OF ELECTRIC VEHICLES
2.2.3. DEMAND
FOR POLYCARBONATE AND POLYPROPYLENE
2.3. IMPACT
OF COVID-19 ON ELECTRIC VEHICLE POLYMERS MARKET
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. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. REGULATORY
FRAMEWORK ASSOCIATED WITH ELECTRIC VEHICLES
2.8. MARKET
DRIVERS
2.8.1. DEMAND
FOR HIGH-PERFORMANCE POLYMERS IN ELECTRIC VEHICLES
2.8.2. POLICIES
AND INCENTIVES TO ENCOURAGE ADOPTION OF ELECTRIC VEHICLES
2.9. MARKET
RESTRAINTS
2.9.1. UNCERTAINTY
OF RAW MATERIAL PRICES
2.10. MARKET OPPORTUNITIES
2.10.1. USE
OF PLASTIC FUEL TANK IN EXTENDED-RANGE ELECTRIC VEHICLES (E-REV)
2.10.2. GROWTH
IN ELECTRIC VEHICLE INDUSTRY
2.11. MARKET CHALLENGES
2.11.1. INADEQUATE
CHARGING INFRASTRUCTURE
3. ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET OUTLOOK - BY POLYMER TYPE
3.1. ENGINEERING
PLASTICS
3.1.1. ACRYLONITRILE
BUTADIENE STYRENE (ABS)
3.1.2. POLYAMIDE
(PA)
3.1.3. POLYCARBONATE
(PC)
3.1.4. POLYURETHANE
(PU)
3.1.5. POLYPROPYLENE
(PP)
3.1.6. POLYVINYL
CHLORIDE (PVC)
3.1.7. POLYMETHYL
METHACRYLATE (PMMA)
3.1.8. POLYETHYLENE
(PE)
3.1.9. OTHER
ENGINEERING PLASTICS
3.2. ELASTOMERS
3.2.1. RUBBER
3.2.2. SILICONE
ELASTOMER
3.2.3. FLUORO
ELASTOMER
3.2.4. OTHER
ELASTOMERS
3.3. OTHER
POLYMER TYPES
4. ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET OUTLOOK - BY APPLICATION
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET - REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. AGC
CHEMICALS AMERICAS INC
6.2. ARKEMA
SA
6.3. ASAHI
KASEI CORP
6.4. BASF
SE
6.5. CELANESE
CORPORATION
6.6. CHINA
SINOPEC (CHINA PETROCHEMICAL CORPORATION)
6.7. COVESTRO
AG
6.8. DAIKIN
INDUSTRIES LTD
6.9. DUPONT
6.10. ELKEM ASA
6.11. EVONIK INDUSTRIES AG
6.12. JSR CORPORATION
6.13. LANXESS AG
6.14. LG CHEM LTD
6.15. LYONDELLBASELL INDUSTRIES NV
6.16. MITSUBISHI CHEMICAL
CORPORATION
6.17. ROYAL DSM NV
6.18. SAUDI BASIC INDUSTRIES
CORPORATION (SABIC)
6.19. SOLVAY SA
6.20. SUMITOMO CHEMICAL COMPANY
LIMITED
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: LIST OF FEW
MERGERS AND ACQUISITIONS IN ELECTRIC VEHICLES AND POLYMERS INDUSTRIES
TABLE 3: VENDOR
SCORECARD
TABLE 4: REGULATORY
FRAMEWORK - ELECTRIC VEHICLES
TABLE 5: OVERVIEW OF
POLICIES REGARDING EVs BY MAJOR COUNTRIES
TABLE 6: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 9: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
FIGURE 3: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE (ABS),
2019-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYAMIDE (PA), 2019-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYCARBONATE (PC), 2019-2028 (IN $
MILLION)
FIGURE 6: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYURETHANE (PU), 2019-2028 (IN $
MILLION)
FIGURE 7: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYPROPYLENE (PP), 2019-2028 (IN $
MILLION)
FIGURE 8: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYVINYL CHLORIDE (PVC), 2019-2028 (IN $
MILLION)
FIGURE 9: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMETHYL METHACRYLATE (PMMA), 2019-2028
(IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYETHYLENE (PE), 2019-2028 (IN $
MILLION)
FIGURE 11: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER ENGINEERING PLASTICS, 2019-2028 (IN
$ MILLION)
FIGURE 12: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY RUBBER, 2019-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY SILICONE ELASTOMER, 2019-2028 (IN $
MILLION)
FIGURE 15: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY FLUORO ELASTOMER, 2019-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER ELASTOMERS, 2019-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER POLYMER TYPES, 2019-2028 (IN $
MILLION)
FIGURE 18: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POWERTRAIN, 2019-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY EXTERNAL, 2019-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY INTERNAL, 2019-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 22: CHINA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 23: JAPAN ELECTRIC
VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 24: INDIA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 25: SOUTH KOREA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 26: ASEAN
COUNTRIES ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 27: AUSTRALIA
& NEW ZEALAND ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)