South America Plastic For Electric Vehicle Market Forecast to 2027 - COVID-19 Impact and Regional 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)
South America 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); and Application (Powertrain System/ Under Bonnet, Exterior, Interior, and Lighting and Electric Wiring)
Number of Pages: 99
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, the 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 South America is expected to grow from US$ 38.25 million in 2019 to US$ 152.83 million by 2027; it is estimated to grow at a CAGR of 19.1% 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. This is bolstering the growth of the plastic 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.
Key Market Segments
In terms of plastic type, the polypropylene segment accounted for the largest share of the South America 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 fastest growing 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 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 South America 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, Covestro AG, Asahi Kasei Corporation, and Lyondellbasell Industries Holdings B.V. among others.
Reasons to buy report
- Understand the South America 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 South America
- Efficiently plan mergers and acquisitions, and partnership deals in the South America 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
South America Plastic for electric vehicle Market Segmentation
South America Plastic for electric vehicle Market- by Plastic Type
- Acrylonitrile Butadiene Styrene (ABS)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyvinyl Butyral
- Polyurethane (PU)
- Polypropylene (PP)
- Others
South America Plastic for electric vehicle Market- by Component
- Dashboard
- Seats
- Interior Trim
- Car Upholstery
- Bumper
- Others
South America Plastic For Electric Vehicle Market – By Vehicle Type
- BEV
- PHEV/ HEV
South America Plastic For Electric Vehicle Market – By Application
- Powertrain System/ Under Bonnet
- Exterior
- Interior
- Lighting and Electric Wiring
South America Plastic for electric vehicle Market- by Country
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- BASF SE
- Solvay SA
- DuPont de Nemours, Inc.
- The Dow Chemical Company
- LG Chem Ltd.
- Lanxess AG
- Sabic
- Covestro AG
- Asahi Kasei Corporation
- Lyondellbasell Industries Holdings B.V.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Plastics for Electric Vehicles Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Plastics for Electric Vehicle Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand of Electric Vehicles
5.1.2 Adoption of Lightweight Materials in an Urge to Decrease Vehicle Weight
5.2 Market Restraints
5.2.1 Recycling of Plastic Materials Used in Electric Vehicle
5.3 Market Opportunities
5.3.1 Use of Bio-Plastics in Electric Vehicles
5.4 Future Trends
5.4.1 Rising Use of Advanced and Multifunctional Plastic in Electric Vehicle
5.5 Impact Analysis Of Drivers And Restraints
6. Plastics for Electric Vehicles – South America Market Analysis
6.1 Plastics for Electric Vehicles Market Overview
6.2 Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
7. Plastics for Electric Vehicle Market Analysis – By Plastic Type
7.1 Overview
7.2 South America Plastics for Electric Vehicle Market, By Plastic Type (2019 and 2027)
7.3 Acrylonitrile Butadiene Styrene (ABS)
7.3.1 Overview
7.3.1.1 Acrylonitrile Butadiene Styrene (ABS): Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Polyamide (PA)
7.4.1 Overview
7.4.1.1 Polyamide (PA): Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Polycarbonate (PC)
7.5.1 Overview
7.5.1.1 Polycarbonate (PC): Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Polyvinyl Butyral
7.6.1 Overview
7.6.1.1 Polyvinyl Butyral: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Polyurethane (PU)
7.7.1 Overview
7.7.1.1 Polyurethane (PU): Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
7.8 Polypropylene (PP)
7.8.1 Overview
7.8.1.1 Polypropylene (PP): Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.1.1 Others: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
8. Plastics for Electric Vehicle Market Analysis – By Component
8.1 Overview
8.2 South America Plastics for Electric Vehicle Market, By Component (2019 and 2027)
8.3 Dashboard
8.3.1 Overview
8.3.2 Dashboard: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Seats
8.4.1 Overview
8.4.2 Seats: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Interior Trim
8.5.1 Overview
8.5.2 Interior Trim: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Car Upholstery
8.6.1 Overview
8.6.2 Car Upholstery: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Bumper
8.7.1 Overview
8.7.2 Bumper: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
9. Plastics for Electric Vehicle Market Analysis – By Vehicle Type
9.1 Overview
9.2 South America Plastics for Electric Vehicle Market, By Vehicle Type (2019 and 2027)
9.3 BEV
9.3.1 Overview
9.3.1.1 BEV: Plastics for Electric Vehicle Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 PHEV/ HEV
9.4.1 Overview
9.4.1.1 PHEV/ HEV: Plastics for Electric Vehicle Market – Revenue, and Forecast to 2027 (US$ Million)
10. Plastics for Electric Vehicle Market Analysis – By Application
10.1 Overview
10.2 South America Plastics for Electric Vehicle Market, By Application (2019 and 2027)
10.3 Powertrain System / Under Bonnet
10.3.1 Overview
10.3.2 Powertrain System / Under Bonnet: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Exterior
10.4.1 Overview
10.4.2 Exterior: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Interior
10.5.1 Overview
10.5.2 Interior: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Lighting and Electric Wiring
10.6.1 Overview
10.6.2 Lighting and Electric Wiring: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
11. Plastics for Electric Vehicle Market – Country Analysis
11.1 Overview
11.1.1 SAM: Plastics for Electric Vehicles Market, by Key Country
11.1.1.1 Brazil: Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 Brazil: Plastics for Electric Vehicles Market, by Plastic Type
11.1.1.1.2 Brazil: Plastics for Electric Vehicles Market, by Component
11.1.1.1.3 Brazil: Plastics for Electric Vehicles Market, by Vehicle Type
11.1.1.1.4 Brazil: Plastics for Electric Vehicles Market, by Application
11.1.1.2 Argentina: Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 Argentina: Plastics for Electric Vehicles Market, by Plastic Type
11.1.1.2.2 Argentina: Plastics for Electric Vehicles Market, by Component
11.1.1.2.3 Argentina: Plastics for Electric Vehicles Market, by Vehicle Type
11.1.1.2.4 Argentina: Plastics for Electric Vehicles Market, by Application
11.1.1.3 Rest of SAM: Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 Rest of SAM: Plastics for Electric Vehicles Market, by Plastic Type
11.1.1.3.2 Rest of SAM: Plastics for Electric Vehicles Market, by Component
11.1.1.3.3 Rest of SAM: Plastics for Electric Vehicles Market, by Vehicle Type
11.1.1.3.4 Rest of SAM: Plastics for Electric Vehicles Market, by Application
12. Impact of COVID-19 Pandemic on South America Plastics for Electric Vehicle Market
12.1 Overview
13. Industry Landscape
13.1 Merger and Acquisition
13.2 Market Initiative
14. Company Profiles
14.1 BASF SE
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Solvay SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 DuPont de Nemours, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.4 The Dow Chemical Company
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 LG Chem Ltd.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Lanxess AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Sabic
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Covestro AG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Asahi Kasei Corporation
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Lyondellbasell Industries Holdings B.V.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. South America Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil Plastics for Electric Vehicles Market, by Plastic Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Plastics for Electric Vehicles Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil Plastics for Electric Vehicles Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil Plastics for Electric Vehicles Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina Plastics for Electric Vehicles Market, by Plastic Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina Plastics for Electric Vehicles Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 8. Argentina Plastics for Electric Vehicles Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Argentina Plastics for Electric Vehicles Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM Plastics for Electric Vehicles Market, by Plastic Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of SAM Plastics for Electric Vehicles Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of SAM Plastics for Electric Vehicles Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of SAM Plastics for Electric Vehicles Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. Glossary of Terms, South America Plastics for Electric Vehicle Market
LIST OF FIGURES
Figure 1. Plastics for Electric Vehicle Market Segmentation
Figure 2. Plastics for Electric Vehicle Market Segmentation – By Country
Figure 3. South America Plastics for Electric Vehicle Market Overview
Figure 4. Polypropylene Segment Held Largest Share of South America Plastics for Electric Vehicle Market
Figure 5. Brazil Country Held Largest Share of South America Plastics for Electric Vehicle Market
Figure 6. South America Plastics for Electric Vehicle Market, Industry Landscape
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Plastics for Electric Vehicle Market Impact Analysis Of Driver And Restraints
Figure 10. South America Plastics for Electric Vehicles Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. South America Plastics for Electric Vehicle Market Revenue Share, by Plastic Type (2019 and 2027)
Figure 12. South America Acrylonitrile Butadiene Styrene (ABS): Plastics for Electric Vehicle Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. South America Polyamide (PA): Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Figure 14. South America Polycarbonate (PC): Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Figure 15. South America Polyvinyl Butyral: Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Figure 16. South America Polyurethane (PU): Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Figure 17. South America Polypropylene (PP): Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Figure 18. South America Others: Plastics for Electric Vehicle Market –Revenue and Forecast to 2027 (US$ Million)
Figure 19. South America Plastics for Electric Vehicle Market Revenue Share, by Component (2019 and 2027)
Figure 20. South America Dashboard: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. South America Seats: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. South America Interior Trim: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. South America Car Upholstery: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. South America Bumper: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. South America Others: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. South America Plastics for Electric Vehicle Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 27. South America BEV: Plastics for Electric Vehicle Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. South America PHEV/ HEV: Plastics for Electric Vehicle Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. South America Plastics for Electric Vehicle Market Revenue Share, by Application (2019 and 2027)
Figure 30. South America Powertrain System / Under Bonnet: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. South America Exterior: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. South America Interior: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. South America Lighting and Electric Wiring: Plastics for Electric Vehicle Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. SAM: Plastics for Electric Vehicles Market Revenue Share, by Key Country (2019 and 2027)
Figure 35. Brazil: Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
Figure 36. Argentina: Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
Figure 37. Rest of SAM: Plastics for Electric Vehicles Market –Revenue and Forecast to 2027 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in South America Country Markets
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