Market by Polymer Type, Application, and Country | Forecast 2019-2028
According to Triton's analyst report, Europe's electric vehicle polymers market is calculated to garner a CAGR of 30.25% during the given years of 2019-2028.
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The countries evaluated
in this market comprise:
• The UK
• Spain
• Germany
• Italy
• France
• Russia
• Rest of Europe
The rising ecological
concerns and technological advancements are prominent reasons that have
prompted the expansion of electric mobility in Europe. It is further expected
to help the nations in this region attain the target of reducing air pollution,
noise pollution, and oil dependency. However, the European electric vehicle
market is still growing, and is dependent on government policies to a large
extent. Nevertheless, the region is actively scheming and implementing policies
to enhance electric mobility. For instance, the EU-level measures are
encouraging the use of smart charging technologies by constructing and
standardizing the charging infrastructure. Such regulations will enhance the demand
for electric vehicles and polymers for internal and external components, thus
influencing the studied market to evolve in the upcoming years.
Furthermore, the
largest electric car production units are primarily led by Germany, Spain,
France, and Italy. In Germany, several strategies are initiated to equal with
the stringent emission standards. The government strategies include incentives
such as company car tax and purchase grants to encourage clean vehicles.
Although, this trend has reduced as the demand for electric vehicles grows. Numerous
German automotive companies have come forward to invest in electric vehicle
technology, which includes batteries and electric power trains. Such
investments by auto manufacturers, paired with an increase in demand for EVs,
are expected to upscale Germany's electric vehicle polymers market's revenue
share.
Covestro AG is a
polymer company that concentrates on the production of high-tech polymer
materials. Its product portfolio comprises coatings, composites, elastomers,
flexible foam, laminated sheets, caustic soda, integral skin foam, and others.
The company also provides plastics, rigid foam, semi-rigid foam, solid sheets,
polyurethanes, and thermoplastic polyurethanes. Besides, its clients are based
across various industries, including automotive and construction. The company's
headquarters are located in Leverkusen, Germany.
1. EUROPE
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. GROWING
ELECTRIC VEHICLE INDUSTRY
2.11.
MARKET CHALLENGES
2.11.1. INADEQUATE
CHARGING INFRASTRUCTURE
3. EUROPE
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. EUROPE
ELECTRIC VEHICLE POLYMERS MARKET OUTLOOK - BY APPLICATION
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. EUROPE
ELECTRIC VEHICLE POLYMERS MARKET - REGIONAL OUTLOOK
5.1. UNITED
KINGDOM
5.2. GERMANY
5.3. FRANCE
5.4. SPAIN
5.5. ITALY
5.6. RUSSIA
5.7. REST
OF EUROPE
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: EUROPE
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: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 7: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 8: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 9: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 10: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 1: EUROPE
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: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 7: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 8: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 9: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 10: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION