Report : Middle East and Africa Plastics For Electric Vehicle Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Plastics Type (Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and Others); Component (Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others); Vehicle Type (BEV, and PHEV/ HEV); Application (Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring)
Interior Segment to Dominate Middle- East and Africa Plastics For Electric Vehicle Market during 2020–2027
According to a new market research study on “Middle- East and Africa Plastics For Electric Vehicle Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Plastics Type, Component, Vehicle Type, and Application,” is expected to reach US$ 197.06 million by 2027 from US$ 48.88 million in 2019. The market is estimated to grow at a CAGR of 19.2% from 2020 to 2027. The report provides trends prevailing in the Middle- East and Africa Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Emerging demand of electric vehicles are the major factor driving the growth of the Middle- East and Africa Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials utilized in electric vehicle hinder the growth of Middle- East and Africa Plastics For Electric Vehicle market.
The Middle- East and Africa market for Plastics For Electric Vehicle market is segmented into Plastics type, component, vehicle type, application, and country. Based on Plastics type, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Polyvinyl Butyral, Polyurethane (PU), Polypropylene (PP), and others. In 2019, the polypropylene segment held the largest share Middle- East and Africa Plastics For Electric Vehicle market. Based on component, the Plastics For Electric Vehicle market is divided into Dashboard, Seats, Interior Trim, Car Upholstery, Bumper, and Others. Interior trim is expected to be the leading segment over the forecast period. Based on vehicle type, the market is segmented into BEV, and PHEV/ HEV. BEV is expected to be the leading segment over the forecast period. Based on application, the market is segmented into Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring. In 2019, the interior segment held the largest share in Middle- East and Africa Plastics For Electric Vehicle market.
South Africa has the largest COVID-19 cases in the Middle East and Africa region, and is followed by Saudi Arabia and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. Due to lockdown in Middle East and African countries, various chemicals & materials companies remain closed which led to the reduction in the sale of various products which has negatively impacted the market for Plastics s for electric vehicle in the region.
BASF SE, Solvay SA, DuPont de Nemours, Inc., The Dow Chemical Company, LG Chem Ltd., Lanxess AG, Sabic, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V. are among the leading companies in the Middle- East and Africa Plastics For Electric Vehicle market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Specialty chemicals company Lanxess AG is aiming to further strengthen its market position in technologies relating to new mobility: In the future, all activities in this area will be managed by a Group initiative for e-mobility.
The Report Segments the Middle- East and Africa Plastics For Electric Vehicle market as Follows:
Middle- East and Africa Plastics For Electric Vehicle Market – By Plastics Type
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Others
Middle- East and Africa Plastics For Electric Vehicle Market – By Component
- Dashboard
- Seats
- Interior Trim
- Car Upholstery
- Bumper
- Others
Middle- East and Africa Plastics For Electric Vehicle Market – By Vehicle Type
- BEV
- PHEV/ HEV
Middle- East and Africa Plastics For Electric Vehicle Market – By Application
- Powertrain System/ Under Bonnet
- Exterior
- Interior
- Lighting and Electric Wiring
Middle- East and Africa Plastics For Electric Vehicle Market – By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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