EV Charging Station Raw Material Market size was estimated at $0.46 billion in 2021 and is expected to reach $4.91 billion by 2031, growing at a CAGR of 34.1% during the forecast period of 2022 to 2031.
EV Charging Station Raw Material Market
An electric vehicle charging station is a place where a piece of equipment is installed which supplies electric power for charging the plug-in vehicle. This market is concerned with various equipment, tools, and other material required setting up a charging station. These charging stations are also called electric vehicle supply equipment (EVSE) and provide special connectors that conform to the electric vehicle charging connector standards. Various supportive government policies for EV charging station across the globe offers significant growth opportunities for the market.
EV Charging Station Raw Material Market Growth and Trend
Escalating needs to control carbon emission and to encourage sustainable development have pushed automobile companies to launch electric vehicles in the market. The leading companies in the automotive industry are focusing on inventing new solutions for electric vehicle charging infrastructure. The growing demand for electric vehicles can be attributed to the supportive government policies promoting the adoption of electric vehicles. Moreover, rising environmental concerns and decreasing prices of batteries are the other vital factors affecting the demand for electric vehicles.
Consequently, with the widespread adoption of EVs, the demand for charging infrastructure to support the transition of EVs has also risen. Electric vehicle drivers are demanding fast-charging stations along the highways and on locations like workplaces, restaurants, and retail shops. Hence, the market for raw materials required to set up an EV charging station is expected to grow during the forecast period.
However, the outbreak of the Covid-19 pandemic has hampered the growth of the automobile industry. There is a decline in the sale of electric vehicles due to economic slowdown across the globe and disruption in the manufacturing process and supply chain.
EV Charging Station Raw Material Market Segmentation
The EV charging station raw material market is segmented based on material type, application, and charging point. By material type, the market is divided into metals and alloys, and polymers. The metal and alloy segment is further classified into stainless steel, carbon steel, aluminum, copper, and others. The polymer segment is subdivided into PC resins, PC blend, elastomers, polyurethanes, and TPU. The polymer segment is expected to witness robust growth during the forecast period as these materials are lightweight and can be easily molded into any shape. Moreover, these materials have excellent heat resistance and are weather resistant also. By application, the market is segregated into cords, internal wiring, connector guns, thermal switches, cable hangers, displays, and others. The connector gun segment is expected to grow at the highest CAGR during the forecast timeframe. The segmental growth can be attributed to the rising demand for DC fast-charging stations and the increasing adoption of electric vehicles across the globe. Based on charging points, the market includes level 1, level 2, and DC fast charging. The DC fast-charging segment is projected to grow at a high CAGR value over the forecast timeframe.
EV Charging Station Raw Material Market Country Analysis
The Asia Pacific will hold a significant share of the EV charging station raw material market globally over the forecast period. The regional growth can be attributed to the high adoption of electric vehicles and related infrastructure. Moreover, the rising environmental concern and supportive government policies will also propel the market growth in the region. On the other hand, Europe is the second largest shareholder for the EV charging station raw material market.
EV Charging Station Raw Material Market Share and Competition
The key players in the global EV charging station raw material market are Ryerson Holding Corporation (U.S.), DOMO Chemicals GmbH (Germany), DuPont de Nemours, Inc. (U.S.), SABIC (Saudi Arabia), BASF SE (Germany), Thyssenkrupp AG (Germany), Covestro AG (Germany), Evonik Industries AG (Germany), POSCO (South Korea), Trinseo S.A. (U.S.), Celanese Corporation (U.S.), and Lanxess AG (Germany).
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Material Type Analysis (Revenue, USD Million, 2022 - 2031)
Metals and Alloys
● Copper
● Stainless Steel
● Carbon Steel
● Aluminum
● Nickel
● Chrome
● Titanium
● Other Metals and Alloys
Polymers
● Thermoplastic Polyurethanes
● Polycarbonate Blends
● Polyurethanes
● Elastomers
● Polycarbonate Resins
Application Analysis (Revenue, USD Million, 2022 - 2031)
● Cords
● Internal Wiring
● Enclosures
● Connector Guns
● Thermal Switches
● Displays
● Flexible Conduits
● Electric Circuit Breakers
● Energy Meter and Timers
● Cable Hangers
● Charger Plug Holsters
● Nylon Glands/Lock Nuts
● Other Applications
Charging Type Analysis (Revenue, USD Million, 2022 - 2031)
● Level 1
● Level 2
● DC Fast Charging
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
EV Charging Station Raw Materials Market Companies
● Ryerson Holding Corporation
● DOMO Chemicals GmbH
● DuPont de Nemours, Inc.
● SABIC
● BASF SE
● Thyssenkrupp AG
● Covestro AG
● Evonik Industries AG
● POSCO
● Trinseo S.A.
● Celanese Corporation
● Lanxess AG
Available Versions:-
● United States EV Charging Station Raw Materials Industry Research Report
● Europe EV Charging Station Raw Materials Industry Research Report
● Asia Pacific EV Charging Station Raw Materials Industry Research Report
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