Electric Vehicle Plastics Market to See Impressive Growth through 2022, Predicts Stratistics MRC in Its New Report Recently Added at MarketPublishers.13 Jan 2017 • by Natalie Aster
LONDON – In 2015, the world’s market for electric vehicle plastics stood at the value of around USD 0.36 billion. This market is expected to see impressive growth in the year ahead to climb to the value of USD 1.75 billion by the year 2022. Between 2017 and 2022, the global electric vehicle plastics market is expected to exhibit CAGR of slightly over 25%. Major factors fueling growth in this market include increasing usage of grade and bio-based plastics, favourable government policies and strict emission regulations, rising popularity and demand for alternative fuel vehicles. However, some factors could hamper growth in the world electric vehicle plastics market, for instance, high cost of batteries used in alternative fuel vehicles and plastics decomposition.
The interior application is currently the fastest-growing segment in terms of value. Plastics in the interior of a vehicle allow designers to achieve improved flexibility in manufacturing, styling and assembling auto components with reduced costs.
APAC is predicted to take lead in the world’s market for electric vehicle plastics through 2022 and is expected to increase at the highest CAGR.
Cutting-edge topical report “Electric Vehicle Plastics - Global Market Outlook (2016-2022)” prepared by Stratistics MRC gives in-depth insights into the global market for electric vehicle plastics market, explores the market scenario across the major geographies, presents historical details and describes the current situation. Additionally, future forecasts through 2022 are provided.
The research publication covers regulative framework, competitive landscape, the major market growth drivers and limiters, top challenges and opportunities, prevailing and emerging trends and discusses the hottest industry issues. It sheds light on the market dynamics, uncovers reliable info on the market shares and growth rates, includes profiles of top players and also presents valuable recommendations for established as well as new market players.
Other research studies by this publisher can be found at the Stratistics MRC page at MarketPublishers.com.