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The global auto industry is witnessing, since the past decade, a tremendous push towards electrification. This, along with environmental concern push the needs for more sustainable but also better performing polymers to withstand the new requirements of the increasing electrified vehicles. One such polymer: Polyamide is known to be a type of synthetic polymers that are made of repeating amide linkages, which are commonly used in automotive Industry. The key reasons of its use are light weighting, efficiencies and costs.
These polyamides are high quality and proven products for components such as battery brackets and housings in electric vehicles. Their partially aromatic matrix enables them to remain stiff and strong, even after water absorption. EV segment, though still at a nascent stage, will very quickly pick up after certain initial challenges are overcome.
Owing to the above, the Polyamide in E-mobility market is anticipated to flourish at a robust CAGR in the coming years.
The growth of this market is attributed to various pertaining factors including the developments across engineering of/in plastics, growing acceptance of electric cars across developing countries, increasing awareness among automakers about multitude of benefits of using polyamide, the escalating trend of vehicle electrification etc.
Moreover, increasing fuel prices and environmental concerns are resulting in a monumental shift from conventional, internal combustion engine (ICE) only vehicles to their electric variants. Consequently, HEVs are said to account for over 60% of the revenue share of polyamide in e-mobility market. This creates more opportunities for the growth of polyamide manufacturers in the e-mobility market.
Furthermore, polyamides are highly proven to provide thermal stability, temperature resistance properties, can withstand high temperatures attributed to their flame-retardant characteristic and are also associated with fast battery charging. All these factors, collaboratively, contribute to the scaling of the polyamide in e-mobility market.
POLYAMIDE IN E-MOBILITY MARKET SEGMENTATION:
By End Users/Applications:
By Vehicle Type:
Among all regions, the Asia Pacific region is expected to witness a significant growth in this market in the next few years. This can be attributed to the rapidly growing automotive industry and the trend of vehicle electrification in developing countries, the rise in local production and sales of electric vehicles, increasing demand for polyamide in e-mobility market in versatile applications, such as e-motors and batteries, increasing investment by the government and the players etc.
India plans to ban ‘non-green vehicles’ by 2030, France and Germany by 2040. And even China, which produces about 30 per cent of the worldwide vehicles tend to develop a similar strategy. These decisions have a huge impact on OEMs strategies and thereby affect the overall market of polyamide in e-mobility.
FEW KEY PLAYERS IN POLYAMIDE IN E-MOBILITY MARKET:
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global polyamide in e-mobility market by the following segments:
- End Users/Applications
- Vehicle Type
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Polyamide in E-mobility Industry Report
The report offers a comprehensive insight on the Polyamide in E-Mobility Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.