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Middle East and Africa Electric Vehicle Plastics Market 2022-2028: Emphasis on Electric Vehicle Lightweighting Fueling Growth - ResearchAndMarkets.com

 
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DUBLIN--(BUSINESS WIRE)--Jul 4, 2022--

The “Middle East and Africa Electric Vehicle Plastics Market 2022-2028" report has been added to ResearchAndMarkets.com’s offering.

Market Outlook

This study on the electric vehicle plastics market in the Middle East and Africa insinuates that it is likely to observe growth with a CAGR of 25.78% in the forecasting years from 2022 to 2028. Saudi Arabia, South Africa, Turkey, the United Arab Emirates, and Rest of Middle East & Africa together constitute the market in this region.

The government of the United Arab Emirates has undertaken several measures to promote electric vehicle adoption, in a bid to diminish its carbon footprint. It has also set up a number of charging stations in the nation, which is expected to influence consumers to opt for these vehicles.

Moreover, there is no special consumption or luxury tax on EVs, which has further surged their demand in the market. Such strategic reforms to promote the adoption of electric vehicles are expected to fuel the demand for EV plastics. This, in turn, is expected to boost the electric vehicle plastic market in the UAE.

On the other hand, the government of South Africa has acknowledged the nation’s automotive industry as one of its significant sectors. It has shown substantial growth and contributes majorly to the economy. The demand for electric vehicles is also growing and several charging stations are being constructed.

The efforts to curb the harmful vehicular emissions, as part of the Clean Fuel 2 initiative, are also anticipated to enhance the sales of these vehicles. This, in turn, is expected to influence the demand for EV plastics and foster the market’s growth over the coming years.

Key Topics Covered:

1. Middle East and Africa Electric Vehicle Plastics Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on the Electric Vehicle Plastics Industry

2.2. Evolution & Transition of Electric Vehicle Plastics

2.3. Key Insights

2.3.1. Usage of Anti-Microbial Plastics/Additives in Electric Vehicles

2.3.2. Use of Bioplastic in Electric Vehicles

2.3.3. Increase in Electric Bus & Heavy-Duty Truck (Hdt) Registration in 2020

2.4. Porter’s Five Forces Analysis

2.5. Key Impact Analysis

2.5.1. Superior Technology

2.5.2. Application

2.5.3. Efficiency

2.5.4. Cost- Effectiveness

2.6. Market Attractiveness Index

2.7. Vendor Scorecard

2.8. Industry Components

2.9. Regulatory Framework

2.10. Key Market Strategies

2.10.1. Acquisitions

2.10.2. Product Developments

2.10.3. Business Expansions

2.11. Market Drivers

2.11.1. Increasing Significance of High-Performance Plastic to Assure Safety and Security

2.11.2. Emphasis on Electric Vehicle Lightweighting

2.12. Market Challenges

2.12.1. Slow Adoption of Electric Vehicles

2.12.2. Electric Vehicle Plastic Recycling Issues

2.13. Market Opportunities

2.13.1. Enhanced Popularity of Electric Micromobility Due to the Pandemic

2.13.2. Spending on Electric Vehicles by Both Consumers & Government on the Rise

2.13.3. Stringent Emission Standards to Drive Electrification

3. Middle East and Africa Electric Vehicle Plastics Market Outlook - by Electric Vehicle Type

3.1. Bev

3.2. Hev/Phev

4. Middle East and Africa Electric Vehicle Plastics Market Outlook - by Component

4.1. Powertrain

4.2. External

4.3. Internal

5. Middle East and Africa Electric Vehicle Plastics Market Outlook - by Plastic Type

5.1. Polyurethane (Pu)

5.2. Polyamide (Pa)

5.3. Acrylonitrile Butadiene Styrene (Abs)

5.4. Polypropylene (Pp)

5.5. Polycarbonate (Pc)

5.6. Other Electric Vehicle Plastic Types

6. Middle East and Africa Electric Vehicle Plastics Market - Country Outlook

6.1. United Arab Emirates

6.2. Saudi Arabia

6.3. Turkey

6.4. South Africa

6.5. Rest of Middle East & Africa

7. Competitive Landscape

8. Research Methodology & Scope

Companies Mentioned

  • Dupont
  • Dow Chemical Company
  • Evonik Industries
  • Ineos Capital Ltd
  • Basf Se
  • Plastic Omnium
  • Mitsui Chemicals
  • Covestro AG
  • Asahi Kasei Corp.
  • Lanxess Corporation
  • Lyondellbasell Industries Nv
  • Sumimoto Chemical Co Ltd
  • Momentive Performance Materials
  • Hanwha Azdel Inc

For more information about this report visit https://www.researchandmarkets.com/r/ghj6m2

View source version on businesswire.com:https://www.businesswire.com/news/home/20220704005281/en/

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KEYWORD: MIDDLE EAST AFRICA

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 07/04/2022 10:46 AM/DISC: 07/04/2022 10:46 AM

http://www.businesswire.com/news/home/20220704005281/en