The China polyamide resins for battery electric vehicles market is segmented by application into body parts, electric wire cable jacket, powertrain system, EV charging systems, battery components, and others. Out of these, the body parts segment is anticipated to garner the largest revenue of USD 563.2 Million by the end of 2031, up from a revenue of USD 55.8 Million in the year 2021.
Growth Drivers
Challenges
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the China polyamide resins for battery electric vehicles market that are included in our report are Shandong Huijin Chemical Co., Ltd., Mitsubishi Chemical (China) Co., Ltd., The Dow Chemical Company, DSM, Solvay Group, LANXESS, Anqing Hongyu Chemical Co., Ltd., Merck KGaA, Domo Chemicals, Ascend Performance Materials, and others.
Ans: The growing demand for new energy vehicles (NEVs), and the increasing need amongst vehicle manufacturers to find low-cost alternatives against conventional raw materials used for manufacturing BEVs, are expected to drive market growth.
Ans: The market is anticipated to attain a CAGR of 27.6% over the forecast period, i.e., 2022 – 2031.
Ans: The major players in the market are Shandong Huijin Chemical Co., Ltd., Mitsubishi Chemical (China) Co., Ltd., The Dow Chemical Company, DSM, Solvay Group, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by application.
Ans: The body parts segment is anticipated to garner the largest revenue of USD 563.2 Million by the end of 2031 and display significant growth opportunities.
Ans: The fluctuation in the prices of raw materials, along with the concern for sourcing of polyamide resins are estimated to hamper the market growth.
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