The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting EVs. As a result, the demand for an EV charging infrastructure among commercial and residential applications is rising. The demand for raw materials, such as high-strength metals & alloys and polymers, is also increasing simultaneously to manufacture EV charging stations. These raw materials are specially processed to provide strength and resistance to the body of EV charging station infrastructure while achieving the aesthetics and operational requirements optimally.
Meticulous Research states that the market will grow at a CAGR of 34.1% from 2021 to 2028 to reach $4.91 Billion in its latest publication on the EV charging station raw materials market. By volume, this market is expected to grow at a CAGR of 45.0% from 2021 to reach 665,984.3 metric tonnes by 2028.
The growth of this market is backed by factors such as supportive government policies for EV charging stations, increasing adoption of EVs, and increasing initiatives by private companies for deploying EV charging infrastructure. Increasing electric mobility adoption in emerging economies provides significant growth opportunities for the EV charging station raw materials market.
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Scope of the Report
EV Charging Station Raw Materials Market, by Material Type
- Metals and Alloys
- Stainless Steel
- Carbon Steel
- Other Metals and Alloys
- Thermoplastic Polyurethanes
- Polycarbonate Blends
- Polycarbonate Resins
EV Charging Station Raw Materials Market, by Application
- 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
EV Charging Station Raw Materials Market, by Charging Type
- Level 1
- Level 2
- DC Fast Charging
EV Charging Station Raw Materials Market, by Geography
- Asia-Pacific (APAC)
- South Korea
- Rest of Asia-Pacific (RoAPAC)
- Rest of Europe (RoE)
- North America
- Latin America
- Middle East & Africa
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To provide efficient analysis, Meticulous Research® has segmented this market based on materials type [metals and alloys (copper, stainless steel, carbon steel, aluminum, nickel, chrome, titanium, other metals & alloys) and polymers (thermoplastic polyurethanes, polycarbonate blends, polyurethanes, elastomers, polycarbonate resins)], application (cords, connector guns, enclosures, charger plug holsters, nylon glands/lock nuts, electric circuit breakers, energy meters and timers, internal wiring, flexible conduits, thermal switches, cable hangers, displays, and other applications), and charging type (level 1, level 2, and DC Fast Charging), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa).
Based on material type, the metals and alloys segment is expected to account for the largest share of the EV charging station raw materials market in 2021. The large share of this segment is mainly because metals and alloys have the required physical and aesthetic properties that enable manufacturers to comply with all the design and operational standards for electric vehicles and charging stations at optimum prices.
Based on application, the cords segment is expected to account for the largest share of the EV charging station raw materials market in 2021. The large share of this segment is mainly attributed to the frequent changing of EV charging station cords due to low operational life, increasing adoption of EVs worldwide, rapid increase in demand of high-power charging (HPC) cables, and technological developments in EV charging cables such as liquid-cooling. However, the connector gun segment is expected to grow at the highest CAGR during the forecast period.
Based on charging type, the Level 2 segment is expected to account for the largest share of the EV charging station raw materials market in 2021. The large share of this segment is mainly attributed to government funding and incentives for the installation of Level 2 charging stations, lower installation cost compared to DC fast-charging stations, and greater efficiency in terms of less charging time than Level 1 charging stations.
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Geographically, the Asia-Pacific region is expected to account for the largest share of the EV charging station raw materials in 2021. The large share of this market is mainly attributed to the growing demand for EVs in countries, such as China and Japan, rising government initiatives in emerging economies to reduce greenhouse gas emissions, which, in turn, is poised to increase the adoption of EVs and EV charging stations, and increasing initiatives by emerging economies– such as Indonesia and Thailand – to extend their footprint in EV and charging station production.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence for some of the key players operating in this market, including 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).
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About Meticulous Research®
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