EV Charging Station Raw Materials Market is segmented by Material Type (Metals & Alloys (Stainless Steel, Carbon Steel, Aluminum, Copper, Other), Polymers (PC Resins, PC Blends, Elastomers, Polyurethanes, TPU)), Application, and Charging Type and Geography.
The EV Charging Station raw Materials Market is projected to reach market size value of USD 4.91 billion by 2028 at a 34.1% CAGR during the forecast period of 2021-2028. With respect to volume, market growth to increase at a 45% CAGR from 2021 reaching 665,984.3 metric tonnes by 2028.
EV charging stations are in demand nowadays because of the rise in the number of consumers preferring the use of electronic vehicles or electric cars since it is fuel saving and environmental friendly. But EV charging stations requires raw materials such as copper, aluminum, stainless steel, polycarbonates, elastomers, and thermoplastics polyurethanes utilized in the manufacturing of EV charging stations elements like enclosures, cables, connectors, cable insulation and jacketing, and flexible conduits.
Rise and Growth in the Market
Policies passed regarding phasing out fossil fuel-powered vehicles largely supports the flourishing of this market. Aside from the policies made, governments globally are investing in electric mobility not only to conserve energy, but to raise environmental awareness and concerns. This caused the demand in electronic vehicles infrastructure making EV charging stations mandatory. The increasing adoption of consumers from conventional cars to EVs, initiatives from major key players and companies in deploying EV charging infrastructure are the major growth drivers of this market.
COVID-19 and the emerging EV Charging Station Raw Materials Market
COVID-19 has adversely affected economies and disrupted the supply chains regarding distributing and manufacturing electronic parts needed for in this market. With the limited operation caused by restrictions and safety protocols, decline in vehicle sales dropped considerably since manufacturing are affected with respect to workforce, facility operations and supply of raw materials.
Regional areas whose investments are of high value have also halted their operations to comply with government restrictions. This has been a challenge for the manufacturing industry related to the EV charging stations because the disrupted supply chain has proportionately slowed down the economy in this market and posted a negative decline of sales in the automotive industry since shortage or absence of raw materials mean that production cannot be had.
Key Findings in the EV Charging Station Raw Materials Market
In terms of material type, the polymer segment is projected to grow at the highest CAGR by value during the forecast period of 2021-2028. polymers segment have outstanding heat and weather resistance. Having enough strength, but still lightweight and flexible to be molded into any shape and size are just a few factors why the demand has spiked. Polymers are preferred because of its higher aesthetic value.
Country Analysis: Asia Pacific dominates the market
In terms of region segment, Asia Pacific is projected to have the largest share accounted for in the EV charging station raw materials market. Next would be Europe, Latin America, and the Middle East & Africa. The factors that contributed to the fast growth of this market are: high adoption of EVs and phasing out of conventional vehicles, reduction of air pollution, climate change commitments, increased energy security, and catching up of automotive manufacturing companies in developing economies. The presence of industry players who have ongoing and promising investments have also contributed to the rapid growth of this market.
The connector guns segment is expected to have the same growth at the highest CAGR because of the high demands for DC fast-charging stations in European countries and in the U.S., promotion of electric mobility and rising government initiatives has contributed to the growth of this market.
In terms of charging type, the DC fast charging segment tops the list at the highest CAGR during the forecast period of 2021-2028. this is due to the government initiatives to set up fast charging stations. Rebate on the purchases of DC fast-charging stations, and the key players’ large investment towards the development of this market.
Share and Competition of Key Players
These major key players have a competitive landscape based on their key business strategies adopted along with a strong product portfolio. The profile includes these companies: 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).
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• 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, 2021 - 2028)
• Metals and Alloys
• Stainless Steel
• Carbon Steel
• Other Metals and Alloys
• Thermoplastic Polyurethanes
• Polycarbonate Blends
• Polycarbonate Resins
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Internal Wiring
• Connector Guns
• Thermal Switches
• 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, 2021 - 2028)
• Level 1
• Level 2
• DC Fast Charging
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• 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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