Electric Vehicle Engineering Plastics Market to Advance at CAGR of 27.3% during Forecast Period, Notes TMR Study

2021-12-23 04:26:42 By : Mr. Jianbin Ge

ALBANY, N.Y. , Dec. 21, 2021 -- Transparency Market Research: The valuation of the electric vehicle engineering plastics market is expected to touch US$ 11 Bn by 2031. Original equipment manufacturer (OEMs) and EV manufacturers are increasingly seeking engineering plastics to meet the meet stringent mechanical and chemical property requirements for various EV components. Of note, the development of lighter-weight electric vehicles will boost their range considerably, thereby catalyzing purchase of these vehicles.

Stringent mechanical and chemical property requirements for EV components are generating massive revenue streams, note a TMR study on the electric vehicle engineering plastics market.  The demand can be attributed from the polymers used in diverse components such as dashboard, interior trims, bumpers and lighting, electric motor and powertrain, and connectors and cables.

The electric vehicle production has gathered considerable momentum in several economies around the world. Robust policy push and government-driven incentives, including purchase incentives are key pivots for promotion of electromobility in transportation sector. Increasing focus of EV manufactures on meeting the safety, strength, and other performance requirements of automotive is bolstering the utilization of engineering plastics.

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Key Findings of Electric Vehicle Engineering Plastics Market Study

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Electric Vehicle Engineering Plastics Market: Key Drivers

Electric Vehicle Engineering Plastics Market: Regional Growth Dynamics

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Some of the prominent players in the electric vehicle engineering plastics market are:

Global Electric Vehicle Engineering Plastics Market: Segmentation

Electric Vehicle Engineering Plastics Market, by Product Type

Electric Vehicle Engineering Plastics Market, by Component

Electric Vehicle Engineering Plastics Market, by Region

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Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research's award-winning coverage of the global Chemicals & Materials Market:                     

Transparent Plastics Market - https://www.transparencymarketresearch.com/transparent-plastics-market.html

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