LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET 2022-2028

Chemicals & Materials | Plastic

LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET 2022-2028

Market by Electric Vehicle Type, Component, Plastic Type, and Country Outlook | Forecast 2022-2028

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As per Triton’s research report, the electric vehicle plastics market in Latin America is estimated to grow with a CAGR of 25.88% over the forecasting period between 2022 and 2028.



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The countries analyzed in this region include:

•         Brazil

•         Mexico

•         Rest of Latin America

The current trend of renting two-wheeler scooters for commute is increasing the demand for electric vehicles in the region. In Argentina, in the Rest of Latin America region, there is high adoption for plastic. These factors are expected to help the Electric Vehicle plastics market in the region to progress. The market in Brazil is expected to showcase the fastest growth in the region.

The nation is focusing largely on electric vehicles, and massive growth in their sales has been observed. According to data from the Brazilian Electric Vehicle Association (ABVE), EV sales grew by more than 66% in 2020, compared to the preceding year. The diffusion of EVs is also expected to provide more economic activities, such as in the battery, software, and plastic industries. Therefore, the electric vehicle plastics market in the region is anticipated to witness positive growth in the years to come.

The manufacturing of electric vehicles is shaping up to be a huge trend for the future of the automotive industry. Moreover, it has emerged as a promising niche in Mexico. The number of manufacturers and assemblers are already present in the country and new players are also stepping into this segment. This has increased the demand from local supply networks for various components, including plastic. The market for EV plastics in Mexico, therefore, seems promising.

A polyamide is a polymer having repeating units that are linked by amide bonds. Commercially known as Nylon, polyamide is a major high-performing engineering thermoplastic owing to its properties. Polyamides occur naturally and can also be created artificially. Synthetic polyamides are used majorly in the automotive industry, textiles, carpets, sportswear, and kitchen utensils, owing to their high strength and durability. The studied report assesses the market’s growth according to plastic type, electric vehicle type, and component. Here, the plastic type segment comprises polyamide (PA), polyurethane (PU), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polypropylene (PP), and other EV plastics.

Leading companies considered in the electric vehicle plastics market include Lanxess Corporation, BASF SE, Momentive Performance Materials, DuPont, Covestro AG, Mitsui Chemicals, and Evonik Industries.

Momentive Performance Materials is a company manufacturing silicones and advanced materials. It is also invested in producing and distributing basic siloxane additives & polymers, formulated products, and high-purity fused ceramic & quartz materials. The company serves a wide range of industries, including automotive, aerospace, electronics, semiconductors, personal care, etc. Founded in 2006, Momentive Performance Materials has its market presence all over the globe, including in Latin America.

 

Key deliverables of the report:

·       Market CAGR during the forecasting years 2022-2028

·       Detailed data highlighting key insights, industry components, and market strategies

·     Comprehensive information and estimation of the electric vehicle plastics market revenue growth in Latin America and its influence on the parent market

·       In-depth study of forthcoming trends in consumer behavioral patterns

·       A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

·     A wide-ranging study of factors that will challenge the LA electric vehicle plastics market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA 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 

2.4.1. THREAT OF NEW ENTRANTS    

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF BUYERS      

2.4.4. BARGAINING POWER OF SUPPLIERS 

2.4.5. THREAT OF COMPETITIVE RIVALRY   

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. LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY ELECTRIC VEHICLE TYPE        

3.1. BEV 

3.2. HEV/PHEV

4. LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET OUTLOOK – BY COMPONENT       

4.1. POWERTRAIN     

4.2. EXTERNAL

4.3. INTERNAL 

5. LATIN AMERICA 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. LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET – COUNTRY OUTLOOK                  

6.1. BRAZIL      

6.2. MEXICO    

6.3. REST OF LATIN AMERICA                 

7. COMPETITIVE LANDSCAPE  

7.1. DUPONT              

7.2. DOW CHEMICAL COMPANY              

7.3. EVONIK INDUSTRIES              

7.4. INEOS CAPITAL LTD     

7.5. BASF SE              

7.6. PLASTIC OMNIUM                   

7.7. MITSUI CHEMICALS                

7.8. COVESTRO AG             

7.9. ASAHI KASEI CORP.     

7.10. LANXESS CORPORATION     

7.11. LYONDELLBASELL INDUSTRIES NV

7.12. SUMIMOTO CHEMICAL CO LTD                

7.13. MOMENTIVE PERFORMANCE MATERIALS

7.14. HANWHA AZDEL INC   

8. RESEARCH METHODOLOGY & SCOPE    

8.1. RESEARCH SCOPE & DELIVERABLES                  

8.2. SOURCES OF DATA                

8.3. RESEARCH METHODOLOGY             

List of Tables

TABLE 1: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF PRODUCT DEVELOPMENTS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY PLASTIC TYPE, 2022-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PLASTIC USE IN ELECTRIC VEHICLES

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: MARKET ATTRACTIVENESS INDEX

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: RATIO OF PUBLIC CHARGERS PER EV STOCK, BY COUNTRY, 2020

FIGURE 6: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, ELECTRIC VEHICLE TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 7: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY BEV, 2022-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY PHEV/ HEV, 2022-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 10: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POWERTRAIN, 2022-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY EXTERNAL, 2022-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY INTERNAL, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, PLASTIC TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 14: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYURETHANE, 2022-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYAMIDE, 2022-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE, 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYPROPYLENE, 2022-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY POLYCARBONATE, 2022-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, BY OTHER ELECTRIC VEHICLE PLASTICS, 2022-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 21: BRAZIL ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: MEXICO ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: REST OF LATIN AMERICA ELECTRIC VEHICLE PLASTICS MARKET 2022-2028 (IN $ MILLION) 

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