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Asia-Pacific Electric Vehicle Polymers Markets, 2020-2028 - Market Opportunities in the Use of Plastic Fuel Tank in Extended-Range Electric Vehicles (E-Rev)
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Asia-Pacific Electric Vehicle Polymers Markets, 2020-2028 - Market Opportunities in the Use of Plastic Fuel Tank in Extended-Range Electric Vehicles (E-Rev)
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Asia-Pacific Electric Vehicle Polymers Market Report 2020: Market is Projected to Surge at a CAGR of 31.61% in Revenue During 2019-2028
March 16, 2021 05:13 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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Asia-Pacific electric vehicle polymers market is projected to surge at a CAGR of 31.61% in revenue during 2019-2028. India, China, Australia & New Zealand, Japan, ASEAN countries, South Korea, and Rest of APAC form the market in this region.
China has shown the highest growth in the regional market for electric vehicles. The continual rise in air pollution has caused health risks to rise in many cities. In such a scenario, China has attained the benefit of having massive manufacturing capacity and advanced technology to dictate the electric vehicle sector.
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ResearchAndMarkets.com s offering.
Asia-Pacific electric vehicle polymers market is projected to surge at a CAGR of 31.61% in revenue during 2019-2028. India, China, Australia & New Zealand, Japan, ASEAN countries, South Korea, and Rest of APAC form the market in this region.
China has shown the highest growth in the regional market for electric vehicles. The continual rise in air pollution has caused health risks to rise in many cities. In such a scenario, China has attained the benefit of having massive manufacturing capacity and advanced technology to dictate the electric vehicle sector.
This, in turn, displays its dominance over the electric vehicle polymers market. Many auto manufacturers are planning to invest in the Chinese market owing to the strong demand for electric vehicles, thereby boosting the EV polymers market s advancement.
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The research report suggests that the North America electric vehicle polymers market will register revenue growth at a CAGR of 29.80% in the considered years 2019-2028. The United States and Canada shape the market in this region.
In the United States, the surge in the application of polymers in electric vehicles is mainly because of an increase in the adoption and sales of these vehicles. The stringent regulations to improve electric vehicle adoption are also assisting in the growth of the studied market in North America. Moreover, the massive investments by established OEM automotive companies in electric vehicles will augment the demand for the electric vehicle polymers market during the forecast period.
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