Report ID: UCMIG15E2318
Report ID:
UCMIG15E2318 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the global electric vehicle plastics market achieved a valuation of USD 1.55 billion. This market encompasses the demand and utilization of plastic materials in the manufacturing of electric vehicles (EVs) for various applications such as interior components, exterior body parts, and battery enclosures. The market's growth can be attributed to factors such as the increasing adoption of electric vehicles, advancements in lightweight and durable plastic materials, government regulations promoting sustainable transportation, and the growing focus on reducing carbon emissions, driving the demand for plastics in the EV industry worldwide.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2318