Electric vehicle plastics are those raw materials, which are prominently used to manufacture parts and supplies that make up an electric vehicle
New York, NY -- (SBWIRE) -- 01/02/2018 -- While metal is the go-to material when it comes to manufacturing of various components for automobiles, the resultant increase in weight of vehicles have led the automobile manufacturers to look out for alternatives in order to improve the overall efficiency of vehicles. Hence, plastics are common materials after metals that are utilized currently to build various parts of a vehicle. From the perspective of electric vehicles, higher quantity of plastic material is used than the conventional vehicles owing to inclusion of larger battery pack, smaller size of internal combustion engine and demand for lightweight materials to improve fuel efficiency. Electric vehicle plastics are those raw materials, which are prominently used to manufacture parts and supplies that make up an electric vehicle.
Electric vehicle plastics made components can be found in the interior, exterior, luggage section and bonnet section of an electric vehicle. Inclusion of plastic based parts is advantageous as it can cover over half the volume of the electric vehicle alongside contributing less than 15% of the weight of the electric vehicle. Rise in sales and production of electric vehicles coupled with Government regulations on automobile emissions are some of the key factors attributing to the growth of electric vehicle plastics market in the coming years.
Request Report For TOC @ https://www.persistencemarketresearch.com/toc/13375
With a move towards manufacturing automobiles that contribute less greenhouse gases emissions and highly fuel efficient, electric vehicles and its variants are being manufactured by almost all the major automobile manufacturers owing to improving year on year sales of electric vehicles directly influencing the growth of the electric vehicle plastics market. Another factor that drives the growth of the market is the decrease in the prices of raw materials used in the manufacture of electric vehicles. The increasing involvement of plastics as raw materials to build automotive parts and supplies is also one of the major factors attributing to the growth of the electric vehicle plastics market.
The electric vehicles market in North America and Western Europe region are flourishing at a healthy rate as a result of increasing adoption of non-polluting vehicles as a means of transportation, thereby rendering an attractive prospect for the growth of electric vehicle plastics market. Close on the heels of the above two regions, Asia Pacific region along with Japan has also witnessed a healthy sales of electric vehicles especially in China further improving the demand of such vehicles paving a way for the growth of the electric vehicle plastics market. In contrast, the market in Latin America and Middle East & Africa region may witness a slower growth rate of electric vehicle plastics due to lower demands and sales of electric vehicles, but may improve in later years when the demand for fossil fuels increases.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/13375
About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.