South  America Plastics For Electric Vehicle Market Forecast to 2027 – COVID-19 Impact and 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); and Application (Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring)

Polypropylene Segment to Dominate South America Plastics For Electric Vehicle Market during 2020–2027

According to a new market research study on “South America Plastics s 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$ 152.83 million by 2027 from US$ 38.25 million in 2019. The market is estimated to grow at a CAGR of 19.1% from 2020 to 2027. The report provides trends prevailing in the South America Plastics For Electric Vehicle market along with the drivers and restraints pertaining to the market growth. Adoption of lightweight materials in an urge to reduce vehicle weight are the major factor driving the growth of the South America Plastics For Electric Vehicle market. However, issues associated with the recycling of Plastics materials used in electric vehicle hinder the growth of South America Plastics For Electric Vehicle market.

The South America market for Plastics For Electric Vehicle market is segmented into Plastic type, component, vehicle type, application, and country. Based on Plastic 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 South America 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 South America Plastics For Electric Vehicle market.

Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

BASF SE, Solvay SA, DuPont de Nemours, Inc., The Dow Chemical Company, LG Chem Ltd., Lanxess AG, Sabic, Covestro AG, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V.are among the leading companies in the South America 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, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities. This will allow BASF to support its customers with even better engineering Plastics s solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in South America.

The Report Segments the South America Plastics  For Electric Vehicle market as Follows:

South America Plastics  For Electric Vehicle Market – By Plastics  Type

• Acrylonitrile Butadiene Styrene (ABS)
• Polyamide (PA)
• Polycarbonate (PC)
• Polyvinyl Butyral
• Polyurethane (PU)
• Polypropylene (PP)
• Others

South America Plastics  For Electric Vehicle Market – By Component

• Dashboard
• Seats
• Interior Trim
• Car Upholstery
• Bumper
• Others

South America Plastics  For Electric Vehicle Market – By Vehicle Type

• BEV
• PHEV/ HEV

South America Plastics  For Electric Vehicle Market – By Application

• Powertrain System/ Under Bonnet
• Exterior
• Interior
• Lighting and Electric Wiring

South America Plastics  For Electric Vehicle Market – By Country

• Brazil
• Argentina
• Rest of SAM

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