Middle East and Africa Plastics For Electric Vehicle Market

Middle East and Africa Plastics For Electric Vehicle Market Forecast to 2027 – COVID-19 Impact and Analysis- By Plastic 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)

Number of Pages: 100

Market Introduction

Plastics, now-a-days can be an electric conductor and also an insulator. It plays a unique role in the various parts of electric vehicles. As a thermoplastics polymer, the high versatility and easy mold ability of plastics enable them to be produced in various shapes and design suiting the requirement of the electric vehicle. The plastics for electric vehicles reduced the weight of electric vehicles that provide greater range between recharges. A number of plastics offer excellent heat resistance which enable the construction of battery compartments and cooling systems and do not sacrifice the durability & safety provided by the electric vehicles. Also, the injection molded plastics are less costly as compared to the metal components, which attracts the attention of the manufactures of electric vehicles. Thus, use of bio-plastics in electric vehicles is expected to create a significant demand for plastic in the coming years, which is further anticipated to drive the plastic for electric vehicle market.

Market Overview and Dynamics

The plastic for electric vehicle market in Middle East and Africa is expected to grow from US$ 48.88 million in 2019 to US$ 197.06 million by 2027; it is estimated to grow at a CAGR of 19.2% from 2020 to 2027. Bio-based plastics involved a diversified range of materials including mass commodity plastics such as Polyethylene Terephthalate (PET) along with bio-based Polyethylene (PE), bio-based technical performance polymers and thermoplastic co polyester elastomers (TPC-ET) and many others. With the growing focus on minimizing CO2 emissions, the adoption of bio plastic over recycled plastics in vehicle manufacturing has gained momentum, especially in out-of-sight components, which have significantly contributed in reducing the overall total vehicle weight. Many manufacturers have identified the use of sustainable plastic material in production of electric vehicle to be cost effective and environment-friendly. The prominent automotive manufacturers and suppliers around the globe have significantly increased the use of bio-plastics such as bio-based polyesters, poly-amides, with an objective to substantially minimize the environmental impact of their product. For instance, KIA Soul EV deploys the use of bio-plastics in different interior parts including carpet, door latch, and the seat trims, rather than opting for recycled plastics. Other automakers, which are significantly following the paradigm shift towards the use of bio plastic in electric vehicle production are, Toyota, BMW, and Nissan so as to stay ahead of the curve in the evolving era of the use of green technologies.

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 for electric vehicle in the region.

Key Market Segments

In terms of plastic type, the polypropylene segment accounted for the largest share of the Middle- East and Africa Plastic for electric vehicle market in 2019. Based on component the plastic 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. In terms of  vehicle type, the 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 plastic for electric vehicle market.   

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Plastic for electric vehicle market in Middle- East and Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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. among others.

Reasons to buy report

• Understand the Middle- East and Africa Plastic For Electric Vehicle market landscape and identify market segments that are likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape in Middle East and Africa
• Efficiently plan mergers and acquisitions, and partnership deals in the Middle- East and Africa Plastic For Electric Vehicle market by identifying market segments with the most promising probable sales
• Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
• Obtain revenue forecast for market based on various segments for the period 2020-2027

Middle East and Africa Plastic for electric vehicle Market Segmentation

Middle East and Africa Plastic for electric vehicle Market- by Plastic Type

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

Middle East and Africa Plastic for electric vehicle Market- by Component

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

Middle East and Africa Plastic For Electric Vehicle Market – By Vehicle Type

• BEV
• PHEV/ HEV

Middle East and Africa Plastic For Electric Vehicle Market – By Application

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

Middle East and Africa Plastic for electric vehicle Market- by Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Company Profiles

• BASF SE
• Solvay SA
• DuPont de Nemours, Inc.
• The Dow Chemical Company
• LG Chem Ltd.
• Lanxess AG
• Sabic
• Asahi Kasei Corporation
• Lyondellbasell Industries Holdings B.V.

Middle East and Africa Plastics For Electric Vehicle Market Strategic Insights

Middle East and Africa Plastics For Electric Vehicle Market Segmentation Analysis

Middle East and Africa Plastics For Electric Vehicle Market Report Highlights

Middle East and Africa Plastics For Electric Vehicle Report Scope

Middle East and Africa Plastics For Electric Vehicle Market Country and Regional Insights