Polyamide in E-Mobility Market: Automakers Focus on Weight Reduction in Automotive Components

Posted on 2019-04-24 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Apr-24 — /EPR Network/ —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

According to a recent study published by Fact.MR, demand for polyamide in e-mobility market is likely to increase at over 6% in 2019 over 2018. The Fact.MR report finds that the electric vehicle stock will reach nearly 5 million in 2019. Growing awareness among automakers about multitude of benefits of using polyamide in e-mobility market. Thereby, Fact.MR opines that, this is expected to create numerous opportunities for polyamide manufacturers in the e-mobility market in the upcoming years.

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A majority of automakers are shifting their focus towards increasing the use of lightweight plastics such as polyamide, as it can ultimately reduce the fuel usage of the automobile. As fuel efficiency is one of the most important factors to influence the purchasing decisions of car buyers, applications of polyamide in e-mobility market are expected to escalate in the upcoming years.

Increasing fuel prices and environmental concerns are resulting in a dramatic move away from conventional, internal combustion engine (ICE) only vehicles to their electric variants.

Hybrid electric vehicles (HEVs) are outperforming any other type of electric vehicles across the world, especially in developed regions such as North America and Europe. Also, China has been showcasing extraordinary growth in terms of production and the number of on-road electric vehicles, which is further boosting sales of HEVs.

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In order to provide detailed information about the polyamide in e-mobility market in the most comprehensible manner, the Fact.MR report divides polyamide in e-mobility market into its three broad sub-segments – vehicle types, applications, and regions.

Based on the vehicle types, polyamide in e-mobility market is segmented into three main types – hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and electric vehicles (EVs). According to its applications, polyamide in e-mobility market is broadly segmented into four categories – electric/electronic components, under-bonnet components, vehicle exterior, and vehicle interior. Based on regions, the polyamide in e-mobility market is segmented into four main geographical regions – North America, Europe, Japan, and Asia Pacific region Excluding Japan.

Increased Prices of Polyamide66 Due to Tight Supply May Hamper Adoption of Polyamide in E-mobility

According to the French industry association Groupement Plasturgie Automobile (GPA), the shortage of polyamide 66 supply caused an increase of more than 40% in its price in 2017. The global demand for lightweight automotive components has surged to put the supply chain for polyamide in e-mobility under immense pressure. As the polyamide supply has been too concentrated to meeting the burgeoning demand for lightweight automotive components, a majority of polyamide manufacturers have introduced a price rise.

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.

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