The EV Charging Station Raw Materials Market is expected to reach a value of $4.91 billion by 2028, at a CAGR of 34.1% during the forecast period 2021-2028.
Factors such as supportive government policies for establishing EV charging stations, increasing adoption of EVs, and increasing initiatives by private companies for deploying EV charging infrastructure are driving the growth of the EV charging stations raw material market. However, the potential shortfall in mining capabilities and environmental effects of illegal mining in ecologically sensitive regions are likely to hinder the market’s growth. In addition, the increasing adoption of electric mobility in emerging economies is projected to provide significant growth opportunities for vendors operating in this market.
The Impact of COVID-19 on the EV Charging Station Raw Materials Market
The COVID-19 pandemic outbreak has caused a widespread economic downturn. Several countries imposed strict lockdowns to contain the infection, thereby leading to the shutdown of manufacturing industries and disruptions in supply chains and production schedules. The economic slowdown has significantly disrupted the automotive industry, causing rapid declines in light vehicle sales.
With the increasing initiatives to boost the adoption of electric mobility across the world, the requirement of ancillary services, such as EV charging stations, is also expected to rise during the forecast period. Increasing demand for EV charging stations will directly impact the requirements of raw materials, such as stainless steel, copper, aluminum, polycarbonates, elastomers, and thermoplastics polyurethanes used for critical manufacturing components of EV charging stations, such as enclosures, cables, connectors, cable insulation and jacketing, and flexible conduits.
Here are the top 10 companies operating in EV Charging Station Raw Materials Market
Founded in 1968 and headquartered in Pohang-si, South Korea, POSCO provides a wide range of hot-rolled products, cold-rolled products, plate products, wire rod products, electrical steel products, and stainless-steel products. With its subsidiaries and a strong distribution network, the company has its presence across South Korea, Japan, China, Asia (others), North America, and other regions.
The company operates through four reportable segments Steel, Trade, Construction, and Others. POSCO caters to different industries, including automotive, construction, shipbuilding, energy, home appliances, and industrial machinery.
Founded in 2015 and headquartered in Leverkusen, Germany, Covestro produces various polyurethane and polycarbonate-based raw materials. In addition, the company develops sustainable solutions to address climate change, resource depletion, urban expansion, population growth, and the resulting increase in awareness of environmental issues. Covestro provides various solutions, including 3D printers, composites, foams, adhesives, elastomers, plastics, coatings, films, and thermoplastic polyurethane. With its subsidiary and strong distribution network, the company has its global presence across Germany, the United States, China, and other regions.
The company operates through four reportable segments Polyurethanes, Polycarbonates, Coatings, Adhesives, Specialties, and Other segments. Covestro caters to various industries, including automotive, construction, cosmetics, electronics, electrical & appliances, energy, healthcare, industrial & agricultural applications, marine & ships, packaging & print, rail, security & protection, sports & leisure, and wood & furniture.
Incorporated in 2019 and headquartered in Delaware, U.S., DuPont is a leading supplier of high-performance engineering polymers, resins, adhesives, specialty pastes & films. DuPont operates through five reportable segments: Electronics & Imaging; Nutrition & Biosciences; Transportation & Industrial; Safety & Construction; and Non-Core.
Through its Transportation & Industrial segment, DuPont de Nemours, Inc. operates in the EV charging station raw materials market. Major products offered by the company in this market are DUPONT ZYTEL nylon resins, CRASTIN PBT thermoplastic polyester resin, RYNITE PET polyester resin, and TYNEX filaments. With its strong distribution network, the company has its presence across North America, Asia-Pacific, Europe, and Latin America.
Founded in 1865 and headquartered in Ludwigshafen, Germany, BASF SE is a multinational chemical company and the largest chemical producer in the world. BASF provides a wide range of products consist agriculture, automotive & transportation, chemicals, coating solutions, construction, electronics & electric, energy & resources, furniture & wood, home care and I&I cleaning, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastic & rubber, product finder, pulp & paper, textile, leather & footwear, and segments.
The company operates through seven reportable segments Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Others. BASF provides engineering plastics, polyurethane, and specialty foams, coatings, pigments, catalysts, axle and transmission lubricants, fuel additives, coolants, and brake fluids, as well as battery materials for e-mobility. With its subsidiary and strong distribution network, the company has its presence across Germany, the United States, the United Kingdom, and Europe.
Founded in 1976 and headquartered in Riyadh, Saudi Arabia, Saudi Basic Industries Corporation, known as SABIC, is a Saudi Arabian multinational chemical manufacturing company that provides chemicals, agri-nutrients, plastics, and metals. SABIC provided various products and services, including polymer, specialties, chemicals, agri-nutrients, metals, e-business, and services.
The company operates through three reportable segments Petrochemicals and Specialties, Agri-Nutrient, and Hadeed. SABIC caters to agriculture, automotive, building & construction, consumer, electrical & electronics, healthcare, industrial, mass transportation, and packaging industries. In addition, SABIC provides a wide range of polymer material solutions to EVSE manufacturers for manufacturing connectors and sockets, support frames, console units, displays, port covers, and exterior fascia of EV charging stations. With its subsidiary and strong distribution network, the company has its global presence across KSA, China, Europe, the Americas, Asia, and others.
“Meticulous Research in its latest publication on EV Charging Station Raw Materials Market has predicted the growth of 34.1% during the forecast year 2021-2028”
Founded in 1842 and headquartered in Chicago, U.S., Ryerson Holding is a leading processor and distributor of industrial metals worldwide. The company offers various metals and alloys for industrial and automotive applications, such as steel, stainless steel, aluminum, alloy, nickel, brass, copper, and bronze. Ryerson focuses on sheet & coil processing, plate processing, bar, tube & structural processing, and supply chain services. In addition, the company provides metal alloys to charging station manufacturers for manufacturing NEMA 4 and 4X enclosures. With its subsidiary and strong distribution network, the company has its presence across the U.S., Canada, China, and Mexico.
The company operates through one operating and reportable segment, Metals Service Centers.
Founded in 2013 and headquartered in Leuna, Germany, DOMO Chemicals is a leading manufacturer of engineering materials and polyamides. The company offers a wide range of polyamide products, such as polyamide 6/6.6 intermediates, polyamide 6/6.6 resins, engineered materials, performance fibers, fertilizers, and petrochemical products.
DOMO Chemicals caters to various industries, such as mobility, health & wellbeing, urbanization, and lifestyle. Its polymer products are extensively used in various end-use applications, such as automotive, fibers & yarns, electrical & electronic, and industrial & consumer goods. DOMO Chemicals consist of Chemical Intermediates, Domamid Engineering Plastic, Domamid Virgin Resins, DOMOgran 45, Econamid, Stabamid Virgin Grades, Technyl Engineering Plastics, and Thermec brands. In addition, the company also provides polyamide solutions for manufacturing HV plugs, cables, and connectors for EV charging stations. With its strong distribution network, the company has its presence across North America, Asia, and Europe.
Founded in 1999 and headquartered in Essen, Germany, thyssenkrupp is a multinational conglomerate focusing on industrial engineering and steel production. The company provides a wide range of products, including hot strip, middle band, strip sheet, heavy plate, thin sheet/surface-refined products, organically coated strip and sheet, electrical steel, packaging steel, composite material, and byproducts.
The company operates through seven reportable segments: Automotive Technology, Industrial Components, Elevator Technology, Plant Technology, Marine Systems, Materials Services, and Steel Europe. thyssenkrupp caters to different industry sectors, including automobile/trucks, construction, machine/plant construction, energy, special vehicles, packaging, and household. In addition, the company provides electrical steel for manufacturing transformers. With its subsidiary and strong distribution network, the company has its global presence across Germany, the U.S., China, and Outside Germany.
Founded in 2007 and headquartered in Essen, Germany, Evonik is one of the world’s leading specialty chemicals companies and provides specialty chemicals, animal nutrition, specialty additives, smart materials, health, care, cosmetic solutions, high-performance polymers, membranes, silica, innovation, sustainability, resource efficiency, and nutrition. In addition, Evonik Industries provides various products and solutions, including adhesives & sealants, analytics – laboratory specialist, plant care, and composites, for automotive, construction, food, medical technology, oil & gas, and tire and rubber industries. With its subsidiaries and a strong distribution network, the company has its presence across Asia-Pacific, Europe, Middle East & Africa, North America, and Central & South America.
The company operates through five reportable segments—Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Services. The company caters to different markets, including adhesives & sealants, animal nutrition, automotive, agriculture, coatings, composites, construction, design, electronics and telecommunications, environment and utilities, food, beverages & supplements, household care, lifestyle, metal, mining, oil, and gas, optics, personal care, pharmaceuticals and health, plastics and general industry, printing, and pulp, paper, and packaging.
Founded in 2010 and headquartered in Pennsylvania, U.S., Trinseo is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products. With its subsidiaries and a strong distribution network, the company has its presence across North America, Latin America, EMEA, and Asia-Pacific.
The company operates through six reportable segments Latex Binders, Synthetic Rubber, Engineered Materials, Base Plastics, Polystyrene, and Feedstocks. The company has 17 manufacturing sites located strategically around the world. Trinseo caters to industries including automotive, personal care, edgebands, footwear, building & construction, consumer electronics, consumer goods, home appliances, medical, packaging, sheet & profile extrusion, CASE, paper & board, textiles & carpet, tires, and technical rubber goods.
Popular Mentions: Celanese Corporation, Lanxess AG
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