Advanced Materials In Electrical Vehicle Charging Infrastructure Market Size, Share & Trends Analysis Report By Material, By Region, And Segment Forecasts, 2021 To 2028

Negative environmental impacts due to the dominant use of petroleum-based transportation have stimulated the transition towards electrified transportation. The transition is expected to rapidly advance due to several benefits associated with it such as falling prices due to large scale production and political incentives are expected to aid the market growth.

For transportation, electrical vehicles are emerging as a recognized solution and are expected to continue being accepted as the technology advanced and the economic feasibility is getting more important. EVs offer enhanced efficiency through improved fuel economy along with reduced emissions. In addition, the advent of electric vehicles is expected to offer a diversity of fuel options for transportation.

However, the lack of well-developed electric vehicle charging infrastructure is restricting the widespread uptake of the electric vehicles market. Several companies are employing efforts in research and development to offer backup through lightweight, functional, and robust materials solutions for electric vehicle supply equipment in home wall chargers and public charging stations.

Advanced Materials In The Electric Vehicle Charging Infrastructure Market Segmentation

Plug-in hybrids and electric vehicles are rapidly gaining popularity as consumers are looking forward to finding different ways to curb greenhouse emissions. However, the large-scale adoption of electric vehicles is restricted by the lack of a widespread network of electric charging stations when compared with easily accessible commercial gasoline stations.

All the stakeholders in the electric vehicle industry including automotive OEMs, businesses, governments, and private households are employing efforts to tackle the e-mobility infrastructure challenge. For instance, supermarket chains have initiated to offer free parking spaces with charging points. In addition, cities are creating parking spaces with AC charging points for electric vehicles.

Private companies are also shifting to electric vehicle fleets majorly coupled with renewable energy supply. In addition, they are also outfitting the offices with charging infrastructure. Automotive OEMs are also developing batteries with a larger capacity to extend the driving range and also with quick charging attributes. Moreover, they are collaborating with the operators to create a network of DC charging points along the highway and outside the city centers. Private households are installing an AC charging set up for their cars. All these endeavors require the backup of advanced materials for the development of enhanced vehicle supply equipment.

The participants across the EV market value chain are collaborating to develop low-cost, reliable, and sustainable materials for electric car chargers. The manufacturers are coming up with patented polycarbonate resins and blends that are expected to provide high utility in the manufacturing of charger housing, display lenses, front covers, light guides, connectors for both outdoor and indoor charging stations. There are also other materials such as polyurethanes, thermoplastic polyurethanes, and elastomers that are used for the fabrication of decorative parts in connectors and their associated power cables and holders.

The companies are building advanced solutions for electric charging vehicles solutions based on their long-lasting expertise in the field of automotive and electric applications. They are building lightweight battery housings, and also housings for manifold electronic and electrical devices.

Polycarbonate is emerging as the most functional material for electric vehicle charging infrastructure as it offers superior robustness, high dimensional stability, impact resistance, flame retardancy coupled with outstanding insulation properties that can be customized to cater to product safety standards.

In addition, the polycarbonate materials offer excellent resistance to rust, corrosion, and weathering thus emerging as a highly compatible material for outdoor charging facilities that can withstand extreme storage temperatures. Furthermore, the housings fabricated using polycarbonate materials offer a reduced level of shrinkage post tooling and low water absorption when compared to other semi-crystalline materials. Moreover, PC materials provide high moisture resistance along with impact strength at low temperatures. The decorative parts, casings, and front cover made using polycarbonate materials also offer flame and UV resistance.

There is a broader set of aesthetic properties offered by polycarbonate materials in the manufacturing of charging station components. The components manufactured using these materials can be engineered to match any translucent or opaque color or for complete transparency. These materials can be molded into intricate shapes and can also be combined with metals and other polymer materials to suit any customized design as per the household or corporate designs. They exhibit a broader range of textures ranging from matte to textured and high gloss.

Polycarbonate materials are expected to provide a scalable and cost-effective growth trajectory to the EV charging infrastructure market. These materials can be conveniently mass-produced along with high functionality that is needed for an electric enclosure along with toughness and superior aesthetics that heighten the appeal to EV drivers.

Moreover, these materials are expected to offer a superior strength-to-weight ratio when compared with other conventional materials such as aluminum and steel for the same design forms. In addition, the polycarbonate materials also offer outstanding impact performance when compared with PMMA clear plastic acrylic and standard polystyrene.

Companies such as Covestro AG are launching high-performance polycarbonate solutions under the brand name ‘Bayblend’ and ‘Makrolon’ which are made from a blend of certified mass-balanced renewable feedstock, post-consumer recycled content, and post-industrial recycled content. In addition, the company has also launched high-performance polyurethane materials under the brand name ‘Desmopan’.

Advanced Materials In The Electric Vehicle Charging Infrastructure Market Report Scope