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 Latin America is estimated to grow with a CAGR of 25.88% over the forecasting period between 2022 and 2028.
Report scope can be customized per your requirements. Request For Customization
The
countries analyzed in this region include:
•
Brazil
•
Mexico
•
Rest of Latin America
The current trend of renting two-wheeler
scooters for commute is increasing the demand for electric vehicles in the
region. In Argentina, in the Rest of Latin America region, there is high
adoption for plastic. These
factors are expected to help the Electric Vehicle plastics market in the region to progress.
The market in Brazil is expected
to showcase the fastest growth in the region.
The nation is focusing
largely on electric vehicles, and massive growth in their sales has been observed.
According to data from the Brazilian Electric Vehicle Association (ABVE), EV sales
grew by more than 66% in 2020, compared to the preceding year. The diffusion of
EVs is also expected to provide more economic activities, such as in the
battery, software, and plastic industries. Therefore, the electric vehicle
plastics market in the region is anticipated to witness positive growth in the
years to come.
The manufacturing of
electric vehicles is shaping up to be a huge trend for the future of the
automotive industry. Moreover, it has emerged as a promising niche in Mexico.
The number of manufacturers and assemblers are already present in the country
and new players are also stepping into this segment. This has increased the
demand from local supply networks for various components, including plastic. The
market for EV plastics in Mexico, therefore, seems promising.
A polyamide is a
polymer having repeating units that are linked by amide bonds. Commercially
known as Nylon, polyamide is a major high-performing engineering thermoplastic owing
to its properties. Polyamides occur naturally and can also be created artificially.
Synthetic polyamides are used majorly in the automotive industry, textiles, carpets,
sportswear, and kitchen utensils, owing to their high strength and durability. The studied report assesses the market’s growth according to plastic type, electric vehicle
type, and component. Here, the plastic type segment
comprises polyamide (PA),
polyurethane (PU), polycarbonate (PC), acrylonitrile butadiene styrene (ABS),
polypropylene (PP), and other EV plastics.
Leading
companies considered in the electric vehicle plastics market include Lanxess
Corporation, BASF SE, Momentive
Performance Materials, DuPont,
Covestro AG, Mitsui Chemicals, and Evonik Industries.
Momentive Performance Materials is a company manufacturing silicones and advanced materials. It is also invested in producing and distributing basic siloxane additives & polymers, formulated products, and high-purity fused ceramic & quartz materials. The company serves a wide range of industries, including automotive, aerospace, electronics, semiconductors, personal care, etc. Founded in 2006, Momentive Performance Materials has its market presence all over the globe, including in Latin America.
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 Latin America 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 LA 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.
Market Segmented By Type, Appl ..
VIEW REPORT
Market By Raw Material, End-us ..
VIEW REPORT
Market by Type, Raw Material, ..
VIEW REPORT
Market by Technology, Type, En ..
VIEW REPORT
Market by Function, Product Ty ..
VIEW REPORT
Market by Product Type, Applic ..
VIEW REPORT
Market by Product, Industry Ve ..
VIEW REPORT
Market by Type, Material, Indu ..
VIEW REPORT1. LATIN
AMERICA 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. LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY ELECTRIC VEHICLE TYPE
3.1. BEV
3.2. HEV/PHEV
4. LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY COMPONENT
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. LATIN
AMERICA 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. LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET – COUNTRY OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
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: LATIN AMERICA
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: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2028 (IN $
MILLION)
TABLE 8: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, BY PLASTIC TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
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: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, ELECTRIC VEHICLE TYPE OUTLOOK, 2021 &
2028 (IN %)
FIGURE 7: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, BY BEV, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, BY PHEV/ HEV, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 10: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POWERTRAIN, 2022-2028 (IN $
MILLION)
FIGURE 11: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY EXTERNAL, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY INTERNAL, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, PLASTIC TYPE OUTLOOK, 2021 & 2028
(IN %)
FIGURE 14: LATIN AMERICA
ELECTRIC VEHICLE PLASTICS MARKET, BY POLYURETHANE, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYAMIDE, 2022-2028 (IN $
MILLION)
FIGURE 16: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE,
2022-2028 (IN $ MILLION)
FIGURE 17: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYPROPYLENE, 2022-2028 (IN $
MILLION)
FIGURE 18: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYCARBONATE, 2022-2028 (IN $
MILLION)
FIGURE 19: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY OTHER ELECTRIC VEHICLE PLASTICS,
2022-2028 (IN $ MILLION)
FIGURE 20: LATIN
AMERICA ELECTRIC VEHICLE PLASTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 21: BRAZIL
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: MEXICO
ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: REST OF
LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)