China Polyamide Resins for Battery Electric Vehicles Market Analysis 2021-2031

The China polyamide resins for battery electric vehicles market is anticipated to grow with a CAGR of 27.6% during the forecast period, i.e., 2022-2031. Factors such as the increasing demand for different types of electric vehicles worldwide, along with the growing need amongst electric vehicle manufacturers to increase their vehicle production, which in turn, is driving the need for different types of raw materials used in the manufacturing of vehicle components, are anticipated to drive the growth of the market in the coming years. The market is estimated to garner a revenue of more than USD 2070 Million by the end of 2031, up from a revenue of near to USD 190 Million in the year 2021.

By application, the China polyamide resins for battery electric vehicles market is segmented into body parts, electric wire cable jacket, powertrain system, EV charging systems, battery components, and others. By the end of 2031, the body parts segment is anticipated to garner the largest revenue of close to USD 560 Million. Moreover, the segment generated a revenue of about USD 50 Million in the year 2021.

Some of the prominent industry leaders in the China polyamide resins for battery electric vehicles market that are included in our report are Shandong Huijin Chemical Co., Ltd., Mitsubishi Chemical (China) Co., Ltd., The Dow Chemical Company, DSM, Solvay Group, LANXESS, Anqing Hongyu Chemical Co., Ltd., Merck KGaA, Domo Chemicals, Ascend Performance Materials, and others.