GVR Report cover Engineered Polymers In Electric Charging Infrastructure Market Size, Share & Trends Report

Engineered Polymers In Electric Charging Infrastructure Market Size, Share & Trends Analysis Report By Polymer (Engineered Polymer Plastics, Elastomers), By Region, And Segment Forecasts, 2021 To 2028

  • Published Date: ---
  • Base Year for Estimate: 2020
  • Report ID: GVR452080
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 0

The market for engineered polymers is expected to ascend at a higher growth rate in the estimated time owing to its high demand in electric charging infrastructure designed for vehicles including cars, trucks, and passenger vehicles. Switching consumer trends from traditional ICE-based vehicles to electric vehicles to reduce Co2 emissions and protect the environment is expected to increase the number of charging infrastructure, thus is likely to influence the market.

Charging infrastructure components including wall boxes, inductive charging systems, charging plugs, and sockets are primarily manufactured using engineered polymers. Pocan polybutylene terephthalate (PBT) and Durethan polyamide (PA) are widely used for the production of charging infrastructure components. The growing production of high-performance electric cars that uses wireless charging systems for high-voltage batteries is anticipated to support the demand for the abovementioned engineered polymers.

Engineered Polymers In Electric Charging Infrastructure Market Segmentation

Segments

Details

Application

Engineered Polymer Plastics; Elastomers

Region

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

 

The charging plugs in the infrastructure are manufactured with unreinforced materials to offer high standard surface quality and dimensional stability. These materials are mechanically robust, impact-resistant and flame retardant to protect the contact point with live electronic parts. Moreover, heat-conductive thermoplastics are used to remove heat that is generated in higher charging voltages and currents.

The sockets used in the infrastructure require polymer components that are excellent in mechanical strength, fire-resistant, and have a superior expansion characteristic. Thus, polyamide materials are widely used in the production of these components. Moreover, assembly covers and wall boxes used in the infrastructure are manufactured with materials with similar characteristics.

Increasing technological developments in charging mechanisms and battery compatibility have introduced inductive and wireless charging systems. Moreover, fast charging mechanism for rapidly charging battery cells has been installed in the infrastructure. These require compatible materials that have weathering resistance, flame retardancy, and creep resistance.

The global automotive industry is growing at a rapid pace on account of the accelerating technological transformations such as the introduction of no-petroleum-based fuel or hybrid vehicles, autonomous driving, and new mobility services. The industry is expected to witness significant growth owing to the increasing sales and demand in the emerging economies of India, China, and Brazil. The Asia Pacific accounted for the largest market for automobile manufacturing owing to the presence of multinational manufacturers in China, India, Japan, and South Korea.

The global automotive market is witnessing switching trends with growing popularity and demand for electric vehicles. Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe. Production for these vehicles has gained high momentum in the past few years with leading automotive manufacturers turning to the introduction of electric vehicles to their portfolio. The global production of electric vehicles witnessed a significant growth of 19.3% in 2019 with a production of over 2 million units and a growth of 22.7% in 2020 with a production of over 2.4 million units. The required charging infrastructure for these produced vehicles in the global market is anticipated to raise the demand for engineered polymers.

Growing demand for electric vehicles across the globe is anticipated to upscale the manufacturing related to its charging infrastructure. In 2020, Europe witnessed a rise in demand for electric vehicles by over 130% and is anticipated to upscale at a higher pace in the projected time. This trend is likely to increase the requirement of charging infrastructure, thereby is likely to support the market positively. 

Engineered Polymers In Electric Charging Infrastructure Market Report Scope

Report Attribute

Details

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million, and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; UK; France; China; India; Japan; South Korea; Brazil; South Africa

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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