Market by Polymer Type, Application, and Country | Forecast 2019-2028
Triton's report establishes that the Latin America electric vehicle polymers market will surge at a CAGR of 31.01% in the estimated period 2019-2028.
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The countries evaluated
in this market include:
• Brazil
• Mexico
• Rest of Latin America
The Latin America
electric vehicle polymers market is directed mainly by the growth in the
adoption of electric vehicles and government regulations. In Brazil, the
government is known to impose higher taxes on registration for vehicles having
high greenhouse gas emissions. The government also offers EV incentives in the
form of tax exemptions, which is likely to propel the growth of the electric
vehicle market. Thus, the growth in the demand for electric vehicles will also
increase the demand for polymers for internal components in EVs, opening up
opportunities for the Brazilian market in turn.
Similarly, the government
measures of providing financial incentives such as consumer tax credits have
resulted in the higher sale of electric vehicles across Mexico and Argentina.
In Mexico, government initiatives and increased air pollution levels are
augmenting the demand for electric cars, which is anticipated to further enhance
the demand for polymers in the market. In addition, by implementing the climate
change law in 2012, the authorities in Mexico have given assurance that they
will reduce a significant amount of GHG emissions by 2030. Electric vehicles
assist in complying with the emission standards, which will also propel their
adoption, and simultaneously encourage the production of polymers. These
above-stated factors are set to expand the electric vehicle polymers market in
Mexico in the next few years.
In Argentina, a draft
bill passed in 2014, concerning electric and alternative vehicles, is
anticipated to gain momentum in the upcoming years, which will expand the sales
of electric vehicles in the country. The bill is primarily focused on offering
tax incentives to augment the development of electric vehicles in the country.
Moreover, numerous such initiatives are helping the polymers demand to rise. Hence,
the government support towards electric vehicle adoption is projected to
accelerate the market’s progression.
Elkem AS manufactures silicon and alloy products for
the carbon, micro-silica, foundry, and energy industries. The company offers
its products and services to numerous industries such as construction,
transport, engineering, packaging, release coatings, and others. It further
produces and sells silicon materials, silicones, and ferrosilicon. The firm's
operations are spread across different regions, and also function in Latin
America.
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VIEW REPORT1. LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. INCREASED
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. LATIN
AMERICA 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. LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET OUTLOOK - BY APPLICATION
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET - REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
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: LATIN AMERICA
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: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 9: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
FIGURE 3: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE (ABS),
2019-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYAMIDE (PA), 2019-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYCARBONATE (PC), 2019-2028 (IN $
MILLION)
FIGURE 6: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYURETHANE (PU), 2019-2028 (IN $
MILLION)
FIGURE 7: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYPROPYLENE (PP), 2019-2028 (IN $
MILLION)
FIGURE 8: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYVINYL CHLORIDE (PVC), 2019-2028 (IN $
MILLION)
FIGURE 9: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMETHYL METHACRYLATE (PMMA), 2019-2028
(IN $ MILLION)
FIGURE 10: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY POLYETHYLENE (PE), 2019-2028 (IN $
MILLION)
FIGURE 11: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER ENGINEERING PLASTICS,
2019-2028 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $
MILLION)
FIGURE 13: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY RUBBER, 2019-2028 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY SILICONE ELASTOMER, 2019-2028 (IN
$ MILLION)
FIGURE 15: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY FLUORO ELASTOMER, 2019-2028 (IN $
MILLION)
FIGURE 16: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER ELASTOMERS, 2019-2028 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER POLYMER TYPES, 2019-2028 (IN
$ MILLION)
FIGURE 18: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY POWERTRAIN, 2019-2028 (IN $
MILLION)
FIGURE 19: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY EXTERNAL, 2019-2028 (IN $ MILLION)
FIGURE 20: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, BY INTERNAL, 2019-2028 (IN $ MILLION)
FIGURE 21: LATIN
AMERICA ELECTRIC VEHICLE POLYMERS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN
%)
FIGURE 22: BRAZIL
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 23: MEXICO
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 24: REST OF
LATIN AMERICA ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)