The global Engineered Polymers in Electric Charging Infrastructure Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Engineered Polymer Plastics, Elastomers).
In the market for engineered polymers in electric charging infrastructure, the future is driven by trends such as electric vehicle adoption, infrastructure development, and advancements in polymer technology driving innovation in charging station components and materials. Engineered polymers play a critical role in providing lightweight, durable, and corrosion-resistant solutions for electric vehicle charging infrastructure, including charging connectors, cables, and housing. Key trends shaping this market include the development of high-performance polymer materials with enhanced electrical conductivity, thermal stability, and weather resistance to withstand the rigors of outdoor charging environments, the integration of smart features such as RFID tags, sensors, and thermal management systems for improved functionality and user experience, and the adoption of sustainable polymers and recycling processes to minimize environmental impact and promote circular economy principles. As electric vehicle ownership grows and charging infrastructure expands, the demand for engineered polymers that offer reliability, efficiency, and sustainability is expected to drive market growth and inspire further innovation in charging station design and materials.
The market report analyses the leading companies in the industry including AGC Chemicals Americas Inc, Asahi Kasei Corp, BASF SE, Covestro AG, Daikin Industries Ltd, Dow Inc, Evonik Industries AG, Mitsubishi Chemical Corp, Royal DSM N.V., Sumitomo Chemical Company Ltd.
One prominent market trend in the engineered polymers in electric charging infrastructure industry is the expansion of electric vehicle (EV) charging infrastructure. As the adoption of electric vehicles continues to rise globally, there is a growing need for reliable and efficient charging infrastructure to support the widespread use of EVs. Engineered polymers play a crucial role in the construction and components of EV charging stations, providing durability, weather resistance, and insulation properties necessary for outdoor installations. The trend towards the expansion of EV charging networks reflects efforts to address range anxiety, improve accessibility, and promote the widespread adoption of electric vehicles, driving market demand for engineered polymers in charging infrastructure.
A key driver in the engineered polymers in electric charging infrastructure market is government policies and incentives aimed at promoting electric vehicle adoption. Governments worldwide are implementing regulations, subsidies, and incentives to accelerate the transition to electric mobility and reduce greenhouse gas emissions from transportation. These policies include financial incentives for EV purchases, grants for charging infrastructure development, and mandates for public and private sector organizations to deploy EV charging stations. The support from government policies and incentives creates a favorable environment for investments in EV charging infrastructure, stimulating market growth for engineered polymers used in the construction and components of charging stations.
One potential opportunity in the engineered polymers in electric charging infrastructure market lies in the development of high-performance and sustainable polymer solutions. Manufacturers have an opportunity to innovate and develop engineered polymers that offer superior mechanical properties, thermal stability, and resistance to UV exposure, moisture, and harsh environmental conditions. Additionally, there is a growing emphasis on sustainability and environmental responsibility in infrastructure projects, creating demand for polymer materials that are recyclable, eco-friendly, and contribute to reducing the carbon footprint of EV charging infrastructure. By focusing on the development of high-performance and sustainable polymer solutions tailored to the specific requirements of EV charging stations, stakeholders in the industry can capitalize on opportunities to meet market demands, enhance product offerings, and drive adoption of engineered polymers in electric charging infrastructure projects.
The Market Ecosystem for engineered polymers in the electric charging infrastructure market begins with raw material suppliers including Dow, BASF, and DuPont de Nemours, providing essential polymers and additives. Specialty chemical companies including RTP Company and A Schulman further develop and modify these polymers to meet the specific requirements of electric vehicle (EV) charging components.
Manufacturing involves injection molding companies including Magna International and contract manufacturers including Foxconn, which produce charging stations and components using these engineered polymers. Additionally, emerging 3D printing companies including Stratasys play a role in prototyping and low-volume production of charging components. Distribution channels include electrical and electronics distributors including Digi-Key and Mouser Electronics, along with direct sales from polymer compounders to major charging infrastructure manufacturers.
End-users in this market primarily consist of electric vehicle charging station manufacturers including ABB, ChargePoint, and Tesla, which deploy charging infrastructure globally. Tier 1 automotive suppliers including Continental AG and Delphi Technologies also play a crucial role in developing and integrating engineered polymers into charging solutions for various car manufacturers.
The largest segment in the Engineered Polymers in Electric Charging Infrastructure Market is the "Engineered Polymer Plastics" application category. This dominance can be attributed to diverse key factors. Firstly, engineered polymer plastics offer a wide range of benefits for electric charging infrastructure applications, including durability, weather resistance, chemical resistance, and design flexibility. These materials are commonly used in the construction of charging stations, housing enclosures, cable management systems, and protective covers due to their ability to withstand harsh environmental conditions, such as UV exposure, temperature fluctuations, and moisture exposure. Additionally, engineered polymer plastics can be easily molded into complex shapes and structures, allowing for the design and customization of charging infrastructure components to meet specific functional and aesthetic requirements. In addition, the increasing adoption of electric vehicles (EVs) and the expansion of charging networks drive the demand for engineered polymer plastics in electric charging infrastructure projects. As the number of EVs on the road continues to grow, there is a corresponding need for more charging stations and infrastructure to support the charging needs of EV owners. Further, advancements in polymer science and material technology enable the development of engineered polymer plastics with enhanced performance characteristics, such as flame retardancy, electrical insulation, and mechanical strength, further driving their suitability for electric charging infrastructure applications. As a result, the Engineered Polymer Plastics application segment remains the largest in the Engineered Polymers in Electric Charging Infrastructure Market due to the widespread use of engineered polymer plastics in the construction and deployment of charging infrastructure components for electric vehicles.
By Application
Engineered Polymer Plastics
Elastomers
AGC Chemicals Americas Inc
Asahi Kasei Corp
BASF SE
Covestro AG
Daikin Industries Ltd
Dow Inc
Evonik Industries AG
Mitsubishi Chemical Corp
Royal DSM N.V.
Sumitomo Chemical Company Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Engineered Polymers in Electric Charging Infrastructure Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Engineered Polymers in Electric Charging Infrastructure Market Size Outlook, $ Million, 2021 to 2030
3.2 Engineered Polymers in Electric Charging Infrastructure Market Outlook by Type, $ Million, 2021 to 2030
3.3 Engineered Polymers in Electric Charging Infrastructure Market Outlook by Product, $ Million, 2021 to 2030
3.4 Engineered Polymers in Electric Charging Infrastructure Market Outlook by Application, $ Million, 2021 to 2030
3.5 Engineered Polymers in Electric Charging Infrastructure Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Engineered Polymers in Electric Charging Infrastructure Industry
4.2 Key Market Trends in Engineered Polymers in Electric Charging Infrastructure Industry
4.3 Potential Opportunities in Engineered Polymers in Electric Charging Infrastructure Industry
4.4 Key Challenges in Engineered Polymers in Electric Charging Infrastructure Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Engineered Polymers in Electric Charging Infrastructure Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Engineered Polymers in Electric Charging Infrastructure Market Outlook by Segments
7.1 Engineered Polymers in Electric Charging Infrastructure Market Outlook by Segments, $ Million, 2021- 2030
By Application
Engineered Polymer Plastics
Elastomers
8 North America Engineered Polymers in Electric Charging Infrastructure Market Analysis and Outlook To 2030
8.1 Introduction to North America Engineered Polymers in Electric Charging Infrastructure Markets in 2024
8.2 North America Engineered Polymers in Electric Charging Infrastructure Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Engineered Polymers in Electric Charging Infrastructure Market size Outlook by Segments, 2021-2030
By Application
Engineered Polymer Plastics
Elastomers
9 Europe Engineered Polymers in Electric Charging Infrastructure Market Analysis and Outlook To 2030
9.1 Introduction to Europe Engineered Polymers in Electric Charging Infrastructure Markets in 2024
9.2 Europe Engineered Polymers in Electric Charging Infrastructure Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Engineered Polymers in Electric Charging Infrastructure Market Size Outlook by Segments, 2021-2030
By Application
Engineered Polymer Plastics
Elastomers
10 Asia Pacific Engineered Polymers in Electric Charging Infrastructure Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Engineered Polymers in Electric Charging Infrastructure Markets in 2024
10.2 Asia Pacific Engineered Polymers in Electric Charging Infrastructure Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Engineered Polymers in Electric Charging Infrastructure Market size Outlook by Segments, 2021-2030
By Application
Engineered Polymer Plastics
Elastomers
11 South America Engineered Polymers in Electric Charging Infrastructure Market Analysis and Outlook To 2030
11.1 Introduction to South America Engineered Polymers in Electric Charging Infrastructure Markets in 2024
11.2 South America Engineered Polymers in Electric Charging Infrastructure Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Engineered Polymers in Electric Charging Infrastructure Market size Outlook by Segments, 2021-2030
By Application
Engineered Polymer Plastics
Elastomers
12 Middle East and Africa Engineered Polymers in Electric Charging Infrastructure Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Engineered Polymers in Electric Charging Infrastructure Markets in 2024
12.2 Middle East and Africa Engineered Polymers in Electric Charging Infrastructure Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Engineered Polymers in Electric Charging Infrastructure Market size Outlook by Segments, 2021-2030
By Application
Engineered Polymer Plastics
Elastomers
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AGC Chemicals Americas Inc
Asahi Kasei Corp
BASF SE
Covestro AG
Daikin Industries Ltd
Dow Inc
Evonik Industries AG
Mitsubishi Chemical Corp
Royal DSM N.V.
Sumitomo Chemical Company Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Application
Engineered Polymer Plastics
Elastomers
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Engineered Polymers in Electric Charging Infrastructure is forecast to reach $11.4 Billion in 2030 from $2.1 Billion in 2024, registering a CAGR of 32.5% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AGC Chemicals Americas Inc, Asahi Kasei Corp, BASF SE, Covestro AG, Daikin Industries Ltd, Dow Inc, Evonik Industries AG, Mitsubishi Chemical Corp, Royal DSM N.V., Sumitomo Chemical Company Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume