Key Findings
The Asia Pacific electric vehicle polymer market is predicted to record high growth at a CAGR of 36.28% over the estimated period of 2020-2028. Implementation of regulations related to low CO2 emissions and the subsidies for electric and hybrid vehicles is driving the region to achieve significant market growth.

Market Insights
The Asia Pacific electric vehicle polymer market is further surveyed by segregating the region into Japan, South Korea, India, Thailand, China, Vietnam, Indonesia, and the rest of Asia Pacific that includes Singapore, Malaysia, Philippines, Taiwan, and other countries. In Indonesia, the government is encouraging the development of the electric car and related infrastructure to be a part of the LCEV program. Indonesia is expected to witness rapid electric vehicle growth due to presidential decree 55/2019. Under this legislation, the country is expected to constitute 20% of the vehicle market by 2025, and prompts EV market growth, along with energy efficiency and security and clean air quality. While the decree supports the importers for a limited time, the bulk of incentives support the EV infrastructure. In countries like Thailand, the government announced a policy in 2020 to make the country a hub for electric vehicles in the next five years. The plan includes the use of electric vehicles by government organizations and state enterprises, the introduction of electric buses and electric motorcycle taxis, and building of charging stations.
The Vietnamese car industry is one of the fastest-growing in South East Asia. The launching of a new national prestige project Vinfast, a subsidiary of Vingroup, is further anticipated to supplement the market growth. Singapore’s central government is ardently concentrating on the adoption and enhancement of electric vehicles in the country.

Competitive Insights
Asahi Kasei Corporation, Arkema SA, Daikin Industries, Ltd, China Petroleum & Chemical Corporation, JSR Corporation, etc. are some of the prominent companies operating in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments