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Electric Vehicle Plastics Market worth 1.49 Billion USD by 2021

Electric Vehicle Plastics Market categorizes the Global Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Resins), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region

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Electric Vehicle Plastics Market worth 1.49 Billion USD by 2021

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  1. MarketsandMarkets Presents Electric Vehicle Plastics Market worth 1.49 Billion USD by 2021 http://www.marketsandmarkets.com/Market-Reports/electric-vehicle-plastic-market-219387183.html

  2. The report "Electric Vehicle Plastics Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Resins), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region and ICE Passenger Cars by Material - Global Forecast to 2021", The electric vehicle plastics market is projected to grow at a CAGR of 27.82%, to reach a market size of USD 1.49 Billion by 2021. The market is driven by factors such as stringent emission regulations leading to lightweighting of passenger cars, and government policies encouraging the adoption for electric vehicles. • Browse 103 market data tables and 58 figures spread through 196 pages and in-depth TOC on “Electric Vehicle Plastics Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Resins), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region and ICE Passenger Cars by Material - Global Forecast to 2021” http://www.marketsandmarkets.com/Market-Reports/electric-vehicle-plastic-market-219387183.html

  3. “Polyurethanes to be the largest material segment used in electric vehicles” • Polyurethanes is expected to dominate the electric vehicle plastics market. The growth of this market can be attributed to the advantages offered by polyurethanes, such as high strength, flexibility, and resistance to temperature, weather, and radiation. The key applications of polyurethanes are seating, electric wiring, and hard plastic parts. The average percentage of polyurethanes employed in a passenger car is around 15%–20%, according to MarketsandMarkets analysis. Many automotive plastic manufacturers, such as BASF SE (Germany) and The Dow Chemical Company (U.S.), have a wide range of polyurethane products for the automotive industry. • “Battery electric vehicles to be the fastest growing segment in the electric vehicle plastics market” • The Battery Electric Vehicle (BEV) segment is projected to grow at the highest CAGR during the forecast period. The primary difference in the plastics employed in a BEV compared to a Hybrid Electric Vehicle (HEV) is the under hood components. The growth of this market is driven by factors such as increasing innovation, environmental concerns, and stringent emission regulations. To promote the growth of BEVs, governments are introducing various tax and non-tax incentives for electric vehicle owners. This in turn supplements the growth of the plastics employed in these BEVs. http://www.marketsandmarkets.com/Market-Reports/electric-vehicle-plastic-market-219387183.html

  4. “Asia-Oceania to be the largest market for electric vehicle plastics market” • Asia-Oceania is estimated to dominate the electric vehicle plastics market, and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for electric vehicles in recent years, with China and Japan as the frontrunners. Governments in Asia-Oceania are also trying to provide incentives to support the demand for electric vehicles. For instance, in Japan, electric vehicles are exempted from acquisition tax and tonnage tax, and have a 50% exemption from automobile tax. • The electric vehicle plastics market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are BASF SE (Germany), The Dow Chemical Company (U.S.), INEOS Capital Limited (Switzerland), SABIC (Saudi Arabia), and Lyondellbasell Industries Holdings B.V. (The Netherlands). http://www.marketsandmarkets.com/Market-Reports/electric-vehicle-plastic-market-219387183.html

  5. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/electric-vehicle-plastic-market-219387183.html

  6. Contact Us Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.comMarketsandMarkets Bloghttp://twitter.com/marketsmarkets

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