(MENAFN- Ameliorate Digital Consultancy) The global polyamide in the E-mobility market is expected to witness a CAGR of 7.8% and reach a valuation of US $ 2.55 Bn by 2033.

Polyamide is a lightweight material that helps reduce the weight of vehicles, which is crucial for improving the range and efficiency of electric vehicles (EVs). As battery technology improves, the weight of the vehicle becomes more critical as it directly affects the range of the EV.

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Polyamide is a strong and durable material that can withstand high mechanical stresses, vibrations, and impact loads. This makes it an ideal material for automotive applications that require high performance, such as battery housings, structural components, and electrical connectors.

Moreover, it has excellent heat resistance, which is essential in the e-mobility market, where high temperatures are generated due to the high-power output of the electric motors and the charging of batteries. Polyamide can withstand these high temperatures without degrading, making it an ideal material for various applications in EVs.

Apart from this, Polyamide is a cost-effective material compared to other high-performance polymers such as polyether ether ketone (PEEK) and polyphenylene sulfide (PPS), making it an attractive option for manufacturers looking to reduce costs without compromising on the performance of their EVs.

Country-wise Insights

In the upcoming years, it is predicted that Japan will become a very significant and lucrative market in the Asia Pacific area due to changing consumer tastes and increased sales of electric vehicles. Hybrid cars, however, are now more popular than EVs in Japan and will make up about 40% of all new passenger car sales in 2021.

The demand for polyamide in e-mobility in Japan is being constrained in part by the absence of new EV models from Japanese automakers. Over the next 10 years, it is anticipated that increasing disposable income, the introduction of new EV models, encouraging government measures, and growing sustainability awareness would promote EV sales in Japan.

Key Market Trends:

The e-mobility market is rapidly evolving, and several key market trends are emerging in the use of polyamide. Some of the significant trends include:

• As the demand for EVs continues to grow, the use of polyamide in battery components such as battery housings, cell holders, and cooling systems is increasing. Polyamide's lightweight, heat resistance, and durability make it an attractive option for these applications.
• The demand for lightweight materials is increasing in the e-mobility market due to the need for higher energy efficiency and longer range. Polyamide's lightweight property is driving its adoption in the market, especially in EVs that require high-performance materials.
• The use of polyamide in structural components such as engine mounts, suspension parts, and crash structures is growing. Polyamide's excellent mechanical properties, such as strength and durability, make it a suitable material for these applications.
• The demand for sustainable materials is increasing in the e-mobility market. A recycled polyamide is an eco-friendly option that is gaining popularity as manufacturers aim to reduce their environmental footprint.
• The demand for electric buses is growing worldwide, with many cities and countries investing in electric public transport. Polyamide is being used in various bus components, such as structural parts, seats, and exterior body parts.

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Regional Landscape:

• Japan is expected to witness a sustainable market in the Asia Pacific region due to evolving consumer preferences and rising sales of electric vehicles.
• Europe is expected to witness a highly attractive market for polyamide suppliers due to rising awareness regarding sustainability. Moreover, countries such as Germany, France, Italy, and the United Kingdom are expected to favor high demand in 2033.

Competitive Landscape:

The competitive landscape in the polyamide market for e-mobility is characterized by intense competition, with companies investing heavily in research and development, partnerships, and acquisitions to enhance their market presence and gain a competitive edge.

• For instance, in January 2022, Solvay, a chemical manufacturer, launched a polyamide compound with upgraded performance.

Moreover, polyamide suppliers are also investing in the expansion of their production capacity to meet increasing demand.

Key Segments of Polyamide in E-Mobility Industry Research

• By Vehicle Type :
  • Hybrid Electric Vehicles (HEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Electric Vehicles (EVs)
• By Application :
  • Electric/Electronic Components
  • Under-Bonnet Components
  • Vehicle Exterior
  • Vehicle Interior
• By Region :
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Key Questions Covered in the Report

• What is the projected valuation of the polyamide in the E-mobility in 2023?
• At what rate will the global polyamide in the E-mobility market grow until 2033?
• Which are the factors hampering the growth of polyamide in the E-mobility Industry?
• Which region is expected to lead in the global polyamide in the E-mobility market from 2023 to 2033?
• Which are the factors driving the market during the forecast period?
• What is the expected market value of polyamide in the E-mobility market during the forecast period?

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