2030 Forecast for EV Battery Housing Plastics Market

1.     +1 217 636 3356 +44 20 3289 9440 sales@mobilityforesights.com    Your Cart 0   Company Market Reports Consumer Research Advisory Services Exports - Imports Careers Contact Us Blog Your cart is empty Your Name Return to Shop Business Email Global EV Battery Housing Plastics Market 2024-2030 Country Phone Number +82 Company Name Single User License : $ 3,500 Your message Corporate User License : $ 6,000 By submitting this form, you are agreeing to the  Request Sample Terms of Use and Privacy Policy. I'm not a robot reCAPTCHA Privacy - Terms BUY NOW DOWNLOAD SAMPLE DESCRIPTION TABLE OF CONTENTS EV BATTERY HOUSING PLASTICS MARKET KEY FINDINGS The global EV battery housing plastics market is projected to witness substantial growth in the coming years, driven by the burgeoning demand for electric vehicles (EVs) worldwide. The rapid adoption of EVs is fueling the demand for lightweight, durable, and high-performance plastics for battery housing applications. EVs are gaining traction due to environmental concerns, government incentives, and technological advancements. Governments worldwide are implementing stringent regulations to ensure the safety of EV batteries. Plastics with superior flame retardancy, thermal stability, and impact resistance are gaining prominence to meet these regulations. The development of innovative battery technologies, such as solid-state batteries, is driving the demand for specialized plastics that can withstand extreme conditions and maintain battery integrity. EV batteries generate significant heat during operation, which needs to be effectively dissipated to prevent overheating and potential hazards. The battery housing plastics must possess excellent thermal conductivity to facilitate efficient heat dissipation. The weight of the EV battery housing significantly impacts the overall vehicle weight, affecting range and energy efficiency. The industry is seeking lightweight plastics that maintain strength and durability without compromising performance.Companies that can develop lightweight plastics that maintain strength and durability without compromising performance will gain a competitive advantage. The growing emphasis on sustainability is driving the demand for eco-friendly plastics in the EV battery housing market. Companies that can develop and manufacture bio-based or recyclable plastics will be in high demand. The demand for EVs is expected to grow rapidly in emerging markets, such as China and India. Companies that can establish a strong presence in these markets will benefit from the surge in demand for EV battery housing plastics. INTRODUCTION As automakers commit to electrifying significant segments of their fleets, the manufacturing of electric vehicle (EV) batteries will increase over the next years, and plastics are anticipated to play an increasingly important role in that production. In an EV, the battery enclosure is in charge of offering crash-safe battery protection from electric shock and fire risks. The We use cookies to understand site usage and improve content and offerings on our site. To learn more, refer to our Privacy Policy. By continuing to use this site, or closing this box, increasing trend toward reducing vehicle weight by adopting lightweight materials is largely responsible for the growth of the global market for battery housing for electric vehicles. 0  Learn more you consent to our use of cookies. The primary function of the EV battery housing is to protect the battery pack from external damage, such as impacts, vibrations, and harsh environmental conditions. It must be able to withstand extreme temperatures, moisture, and debris to Got it! ensure the integrity of the battery cells and prevent potential hazards. Send message Continue Shopping Plastic EV battery housings are typically made from a variety of high-performance plastics, each offering unique properties that meet the specific requirements of EV battery applications. Here are some of the most commonly used plastics for EV battery housings: Polyamide, Polycarbonate, Polybutylene terephthalate, Thermoplastic polyurethane, Polyphenylene sulfide, and Polyaryletherketone. EV BATTERY HOUSING PLASTIC MARKET OVERVIEW Plastic battery housings offer several advantages over traditional metal housings for electric vehicles (EVs), making them an increasingly popular choice in the automotive industry. Here are some of the key benefits of using plastic battery housings: 1. Lightweighting: Plastic battery housings are significantly lighter than their metal counterparts, such as aluminum or steel. This weight reduction can contribute to improved fuel efficiency and range for EVs. The lighter weight also reduces the overall vehicle weight, further enhancing performance and energy efficiency. 2. Corrosion Resistance: Plastics are generally resistant to corrosion, unlike metals that can be susceptible to rust and degradation over time. This corrosion resistance extends the lifespan of the battery housing and reduces maintenance costs. 3. Design Flexibility: Plastics offer greater design flexibility compared to metals, allowing for more complex shapes and configurations. This flexibility enables engineers to design battery housings that optimize space utilization and integrate additional features, such as cooling channels or sensor mounts. 4. Impact Resistance: Plastics can withstand impact and vibration better than metals, which is crucial for protecting the delicate battery cells from damage during accidents or rough road conditions. The impact resistance of plastics reduces the risk of battery damage and ensures long-term performance. 5. Electrical Insulation: Plastics are non-conductive materials, providing excellent electrical insulation properties. This insulation prevents short circuits and protects the vehicle’s electrical system from potential hazards, ensuring safety and reliability. Multilayer plastics are gaining traction due to their ability to combine the properties of different materials, offering enhanced flame retardancy, chemical resistance, and mechanical strength. The incorporation of sensors and electronics into EV battery housings is increasing the demand for plastics that can withstand electromagnetic interference (EMI) and provide electrical insulation. The growing emphasis on sustainability is driving the adoption of bio-based plastics, such as polylactic acid (PLA) and bio- based polyethylene terephthalate (PET), which offer reduced environmental impact. EV BATTERY HOUSING PLASTIC MARKET TRENDS The trend towards smaller and lighter EVs is driving the need for thinner and more compact battery housings, requiring high- performance plastics that can maintain strength and durability without compromising size or weight. The automotive industry is continuously seeking lightweight and high-performance plastics to reduce the weight of EV battery housings, improving vehicle range and energy efficiency. Battery housing plastics are not just about functionality; they also contribute to the overall aesthetics and user experience of EVs. Manufacturers are paying attention to design elements and surface finishes to enhance the appearance and appeal of battery housings. Significant investments are being made in research and development for battery housing plastics. This includes exploring new materials, enhancing existing plastics, and developing innovative manufacturing techniques to meet the demands of the future EV industry. Public awareness and education about the importance of sustainable and high-performance battery housing plastics are growing. This is driving consumer demand for eco-friendly and durable EV battery housings, influencing manufacturer decisions. EV BATTERY HOUSING PLASTICS MARKET SIZE AND FORECAST

2. The global EV Battery Housing Plastic market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. EV BATTERY HOUSING PLASTICS MARKET NEW PRODUCT LAUNCH The SCALEbat scalable battery housing aids new businesses and automakers in creating adaptable electric vehicle platforms. The EDAG Group used the scalable floor assembly that was already being successfully marketed under the name SCALEbase as the foundation for the creation of this concept. Not only is SCALEbase’s scalability a standout feature; it is also the best method for structurally integrating diverse battery systems. Depending on regional preferences and the size of the vehicle, automakers and startups can define and approximately design the various power levels for the eDrive and battery module with us. During development, the crash requirements for various markets were taken into consideration. The extensive usage of steel roll-formed profiles for the battery housing’s structural structure has a huge potential for savings, especially when working with large numbers. Makrolon CHARGE 2408: A high-impact polycarbonate resin specifically designed for EV battery housings. It offers excellent impact resistance, chemical resistance, and flame retardancy. Bayblend FR20: A blend of polycarbonate and acrylonitrile butadiene styrene (ABS) with enhanced flame retardancy. It is suitable for EV battery housings that require exceptional fire protection. Ultramid B3EG7: A polyamide (PA) resin with enhanced glass fiber reinforcement. It is suitable for EV battery housings that require high strength, impact resistance, and thermal stability. Valox FR: A polyphenylene sulfide (PPS) resin with exceptional heat resistance, chemical resistance, and flame retardancy. It is suitable for EV battery housings that operate in extreme conditions. Xenoy HPF: A polycarbonate (PC) resin with enhanced high-flow properties. It is suitable for EV battery housings that require thin walls and complex geometries. ELECTRIC VEHICLE INDUSTRY OUTLOOK The global EV industry grew by 35% to 14.1 million units in 2023 with China and Europe dominating the market. There is an increase in investment from Tier 1 suppliers to increase the scale of manufacturing of components. SiC and GaN based electronic components are increasing in penetration across multiple regions, and manufacturers are ensuring that the production lines are ready to address the upcoming requirements. Another aspect of the industry which is gathering pace is battery recycling, which has multiple startups, OEMs, material suppliers and battery suppliers actively involved which will be the next development focus area. EVs across multiple platforms such will come in over the forecast period in the market with models based on PPE platform by Volkswagen gathering the highest attention. AUTOMOTIVE INDUSTRY OUTLOOK The automotive industry is expected to grow at 5% in 2024 compared to 2023. The forecast period will see an uptake in subscription based features over the forecast period mainly from Europe and USA. Autonomous driving is the focus area of OEMs, Tier 1 suppliers, software and hardware solution providers. Electrification is the next trend that is capturing the global automotive market with 14.1 million plugged in vehicles sold in 2023. Asia Ex China and ROW will see an improvement in the market share of HEVs more than BEVs and PHEVs. EV BATTERY HOUSING PLASTICS MARKET SEGMENTATION EV Battery Housing Plastic Market By Application North America Europe China Asia (Ex. China) ROW EV Battery Housing Plastic Market By Vehicle Type Passenger Vehicle Commercial Vehicle EV Battery Housing Plastic Market By Battery Capacity Below 100 KWh Above 100 KWh EV BATTERY HOUSING PLASTICS MARKET COMPANY PROFILE Covestro AG (Germany) BASF SE (Germany) SABIC (Saudi Arabia)

3. Eastman Chemical Company (US) DuPont de Nemours, Inc. (US) Asahi Kasei Corporation (Japan) Mitsui Chemicals, Inc. (Japan) Toray Industries, Inc. (Japan) Lanxess AG (Germany) Evonik Industries AG (Germany) EV BATTERY HOUSING PLASTICS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS 1. What are the key factors driving the growth of the global EV battery housing plastics market? 2. How is the increasing demand for electric vehicles (EVs) impacting the demand for EV battery housing plastics? 3. What are the major challenges and opportunities facing the EV battery housing plastics market? 4. How are stringent safety regulations influencing the development of EV battery housing plastics? 5. What impact are advancements in battery technology having on the EV battery housing plastics market? 6. Which battery cell format is expected to drive the highest demand for EV battery housing plastics? 7. How are the different vehicle types influencing the demand for EV battery housing plastics? 8. Which plastic types are gaining traction in the EV battery housing plastics market? 9. What are the key growth markets for EV battery housing plastics across different regions? 10. How are the different manufacturing processes employed for EV battery housing plastics? 11. What are the projected growth rates for the EV battery housing plastics market in the coming years? 12. How will the increasing demand for battery storage solutions impact the EV battery housing plastics market? 13. What are the potential disruptions and game-changing technologies that could transform the EV battery housing plastics industry? 14. What are the key strategic considerations for manufacturers seeking to succeed in the EV battery housing plastics market? 15. How will the EV battery housing plastics market contribute to the future of sustainable mobility? RELATED REPORTS MARKET REPORTS CONSUMER RESEARCH INFORMATION ADVISORY SERVICES CONTACT INFORMATION  172/1, 2nd Floor, 5th Main, 9th Cross Rd, Opposite to Kairalee Nikethan Education Trust, Indira Nagar 1st Stage, Bengaluru, Karnataka 560038, INDIA  +1 217 636 3356, +44 20 3289 9440  sales@mobilityforesights.com Working Hours: Mon - Fri (9 AM - 9 PM IST) Connect with us     © Copyright 2017-2023. Mobility Foresights. All Rights Reserved.