| Product Code: ETC4507465 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India electric vehicle (car) polymers market import shipment displayed a robust growth trend with a significant CAGR from 2020 to 2024. However, there was a slight decline in growth momentum between 2023 and 2024. Overall, the market expansion showcased stability despite the minor dip in growth rate.
The electric vehicle (EV) market in India is on the rise, and car polymers play a vital role in the manufacturing of lightweight and efficient EV components. As the automotive industry shifts toward sustainable practices, the demand for specialized car polymers grows.
The electric vehicle car polymers market in India is gaining traction as the electric vehicle (EV) market expands. Polymers play a crucial role in EV components, including battery enclosures, lightweight body parts, and interior materials. The government`s push for EV adoption and environmental concerns are driving the demand for car polymers.
The electric vehicle car polymers market in India faces challenges associated with the transition to electric vehicles. There is a need for specialized polymers that can withstand the unique demands of electric vehicles, such as thermal management and insulation. Manufacturers must also ensure that these polymers meet safety and environmental regulations. Additionally, the market faces competition from established materials used in traditional vehicles. The infrastructure for recycling electric vehicle polymers also needs to be developed.
The India electric vehicle (EV) car polymers market has been considerably affected by the COVID-19 pandemic. As countries around the world grappled with the pandemic, supply chain disruptions, labor shortages, and reduced consumer spending created a challenging environment for the EV industry. The demand for EVs, including electric car polymers, took a hit as consumer priorities shifted during the pandemic. As people became more cautious about their financial stability, investments in new cars, including electric vehicles, were postponed. Manufacturers faced production delays, and many new EV models were delayed. This situation impacted the demand for car polymers used in EVs. However, the government`s push for sustainable transportation and the ongoing efforts to boost the EV industry offer some hope for a rebound in the market. The long-term outlook for the EV car polymers market in India depends on the pace of economic recovery, government policies, and consumer sentiment.
Players like Covestro, Dow, DuPont, and SABIC are significant contributors to the electric vehicle car polymers market in India, offering specialized materials for EV components.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Vehicle (Car) Polymers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Vehicle (Car) Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Vehicle (Car) Polymers Market - Industry Life Cycle |
3.4 India Electric Vehicle (Car) Polymers Market - Porter's Five Forces |
3.5 India Electric Vehicle (Car) Polymers Market Revenues & Volume Share, By Polymers Market Type, 2021 & 2031F |
3.6 India Electric Vehicle (Car) Polymers Market Revenues & Volume Share, By Elastomers, 2021 & 2031F |
4 India Electric Vehicle (Car) Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives and incentives promoting electric vehicles in India |
4.2.2 Increasing environmental awareness and concern for reducing carbon footprint |
4.2.3 Technological advancements in polymer materials for automotive applications |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles compared to conventional vehicles |
4.3.2 Limited availability of charging infrastructure in India |
4.3.3 Uncertainty regarding long-term performance and durability of polymer materials in electric vehicles |
5 India Electric Vehicle (Car) Polymers Market Trends |
6 India Electric Vehicle (Car) Polymers Market, By Types |
6.1 India Electric Vehicle (Car) Polymers Market, By Polymers Market Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Vehicle (Car) Polymers Market Revenues & Volume, By Polymers Market Type, 2021-2031F |
6.1.3 India Electric Vehicle (Car) Polymers Market Revenues & Volume, By Engineering Plastics, 2021-2031F |
6.1.4 India Electric Vehicle (Car) Polymers Market Revenues & Volume, By Elastomers, 2021-2031F |
6.2 India Electric Vehicle (Car) Polymers Market, By Elastomers |
6.2.1 Overview and Analysis |
6.2.2 India Electric Vehicle (Car) Polymers Market Revenues & Volume, By Synthetic Rubber, 2021-2031F |
6.2.3 India Electric Vehicle (Car) Polymers Market Revenues & Volume, By Natural Rubber, 2021-2031F |
6.2.4 India Electric Vehicle (Car) Polymers Market Revenues & Volume, By Fluoroelastomer, 2021-2031F |
7 India Electric Vehicle (Car) Polymers Market Import-Export Trade Statistics |
7.1 India Electric Vehicle (Car) Polymers Market Export to Major Countries |
7.2 India Electric Vehicle (Car) Polymers Market Imports from Major Countries |
8 India Electric Vehicle (Car) Polymers Market Key Performance Indicators |
8.1 Average battery range per charge |
8.2 Percentage of electric vehicle sales in the overall automotive market |
8.3 Investment in research and development of polymer materials for electric vehicles |
9 India Electric Vehicle (Car) Polymers Market - Opportunity Assessment |
9.1 India Electric Vehicle (Car) Polymers Market Opportunity Assessment, By Polymers Market Type, 2021 & 2031F |
9.2 India Electric Vehicle (Car) Polymers Market Opportunity Assessment, By Elastomers, 2021 & 2031F |
10 India Electric Vehicle (Car) Polymers Market - Competitive Landscape |
10.1 India Electric Vehicle (Car) Polymers Market Revenue Share, By Companies, 2024 |
10.2 India Electric Vehicle (Car) Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |