Global Polyamide in E-Mobility Market: Technological Improvements Steering GrowtPosted by Arslan on December 21st, 2018 The Fact.MR report on polyamide in e-mobility market offers readers the most important insights about growth prospects, potential opportunities, and recent trends in applications of polyamide in e-mobility market. Exclusive and unbiased conclusions, both qualitative and quantitative, about demand for polyamide in e-mobility market are provided to readers through the information included in the report. The report on Polyamide in E-Mobility Market is comprehensible are it is segmented into three sub-segments, thereby the report provides in-depth information about growth of the market in the most seamless way. Rapidly growing automotive industry and the trend of vehicle electrification in developing Asian countries, such as India and China, are creating positive growth environment for polyamide suppliers. Anticipating the burgeoning demand for electronic components for electric vehicles in the region, a majority of polyamide suppliers are likely to invest heavily in the developing Asian countries, in the upcoming years.
Rapidly-expanding Electric Vehicle Parc is Multiplying Applications of Polyamide in E-mobility According to the International Energy Agency (IEA), over more than 1 million electric vehicles were sold across the world, resulting in a global stock of over 3 million. The unprecedented rise of 54% in electric vehicle sales was recorded in 2017, attributed to some important environmental policy announcements, and this is expected to generate high demand for electric components manufactured using polyamide in e-mobility. In addition, China’s share in global sales of electric vehicles increased from just 10% in 2013 to over 40% in 2017, which indicates more lucrative opportunities for polyamide suppliers in e-mobility market in the country. Increasing stringency of environmental laws being enacted across the world is likely to accelerate electric vehicle sales in the coming years, contributing to the increasing applications of polyamide. Inclination towards Thermally Stable Automotive Components Amplify Demand for Polyamide in E-mobility One of the leading reasons behind increased applications of polyamide in e-mobility is its thermal stability and temperature resistance properties. High performance plastics, such as polyamide 6 and polyamide 66, can retain its stability at temperatures as high as 230°C, thereby manufacturing automotive components using polyamide is becoming a popular trend among automakers. Increasing demand for polyamide in e-mobility can be majorly attributed to its flame-retardant characteristic, which is boosting its applications in manufacturing of batteries, control units, and connectors in electric vehicles. Polyamide suppliers are aiming to discover innovative composites of polyamide to give automotive components electromagnetic shielding properties and diversify their product range to gain an edge in the market. Automakers Focus on Weight Reduction in Automotive Components; Metal to be Replaced by Polyamide in E-mobility Automotive manufacturers are shifting their focus towards employing high performance plastics to further enhance performance characteristics of automotive components. To eliminate the needs for maintenance and mitigate the disadvantages of heavy weight of metallic automotive components, automakers and original equipment manufacturers (OEMs) are making a shift towards using lightweight materials such as polyamide in e-mobility. Reducing weight of automotive components can help automakers to minimize energy consumption of electric vehicles, which is mainly bolstering the potential of high demand for polyamide in e-mobility. As lightweight design of automotive components measure a great importance in the automotive industry, the applications of polyamide in e-mobility are likely to be multiplied in the coming future. Competitive Landscape In the report, polyamide suppliers in e-mobility are divided according to the manufacturers of polyamide and manufacturers of electronic automotive components. Polyamide suppliers in e-mobility featured in the report are Arkema SA, Lanxess AG, DowDuPont Inc., BASF SE, EMS Group, and UBE Industries Ltd. Component manufactures featured in the report are Ashok Minda Group, CIE Automotive, Teijin Limited, Flex-N-Gate, IAC Group LLC, Magna International, Toyoda Gosei Co. Ltd., Samvardhana Motherson Group, and Nifco Inc. Like it? Share it!More by this author |