EV Charging Station Raw Materials Market Set to Surge, Projected to Reach $4.91 Billion by 2028
(Pune, 27-11-2023) The global market for EV Charging Station Raw Materials is anticipated to witness remarkable growth, reaching a valuation of $4.91 billion by 2028, with an impressive CAGR of 34.1% during the forecast period from 2021 to 2028. The surge is attributed to a confluence of factors, including robust government support, rising EV adoption, and increased initiatives by private entities to deploy EV charging infrastructure.
📈 Driving Forces:
1. Government Backing: Supportive policies worldwide aimed at establishing robust EV Charging Station Raw Materials markets.
2. EV Adoption: The global trend towards electric vehicles is a significant catalyst.
3. Private Initiatives: A surge in efforts by private enterprises to bolster EV charging infrastructure.
💡 Challenges:
1. Mining Challenges: A potential shortfall in mining capabilities poses a challenge.
2. Environmental Concerns: The environmental impact of illegal mining in ecologically sensitive regions hampers market growth.
💡 Opportunities:
1. Emerging Markets: The rising adoption of electric mobility in emerging economies presents substantial growth prospects for EV Charging Station Raw Materials vendors.
🌐 Top 10 Companies Driving Growth: https://meticulousblog.org/top-10-companies-in-ev-charging-station-raw-materials-market/
1. POSCO (Founded: 1968, Headquarters: Pohang-si, South Korea):
o Diverse product range including hot-rolled and cold-rolled products.
o Strong global presence in South Korea, Japan, China, North America, and more.
2. Covestro AG (Founded: 2015, Headquarters: Leverkusen, Germany):
o Producer of polyurethane and polycarbonate-based raw materials.
o Global presence with solutions in 3D printers, composites, foams, adhesives, and more.

3. DuPont de Nemours, Inc. (Founded: 2019, Headquarters: Delaware, U.S.):
o Leading supplier of high-performance engineering polymers and resins.
o Notable products include DUPONT ZYTEL nylon resins and CRASTIN PBT thermoplastic polyester resin.

4. BASF SE (Founded: 1865, Headquarters: Ludwigshafen, Germany):
o Largest chemical producer globally, offering a wide range of products.
o Focus on engineering plastics, polyurethane, specialty foams, and battery materials for e-mobility.

5. SABIC (Founded: 1976, Headquarters: Riyadh, Saudi Arabia):
o Major chemical manufacturing company with a global presence.
o Provides polymer material solutions for EVSE manufacturers.

6. Ryerson Holding Corporation (Founded: 1842, Headquarters: Chicago, U.S.):
o Processor and distributor of industrial metals worldwide.
o Offers metals and alloys for industrial and automotive applications.

7. DOMO Chemicals (Founded: 2013, Headquarters: Leuna, Germany):
o Leading manufacturer of engineering materials and polyamides.
o Provides polyamide solutions for manufacturing HV plugs, cables, and connectors for EV charging stations.

8. Thyssenkrupp AG (Founded: 1999, Headquarters: Essen, Germany):
o Multinational conglomerate focusing on industrial engineering and steel production.
o Provides electrical steel for manufacturing transformers.

9. Evonik Industries AG (Founded: 2007, Headquarters: Essen, Germany):
o Leading specialty chemicals company with a diverse product portfolio.
o Offers solutions for automotive, construction, food, medical technology, and more.

10. Trinseo S.A. (Founded: 2010, Headquarters: Pennsylvania, U.S.):
o Global materials solutions provider and manufacturer of plastics.
o Operates through segments such as Latex Binders, Synthetic Rubber, and Engineered Materials.
🌐 Top 10 Companies: https://meticulousblog.org/top-10-companies-in-ev-charging-station-raw-materials-market/
Meticulous Research Projections: In its latest publication, Meticulous Research predicts a substantial growth of 34.1% in the EV Charging Station Raw Materials Market during the forecast year 2021-2028.
For More Information:Meticulous Research®’s comprehensive report delves deeper into each company, offering detailed analysis on recent financial performance, key products, significant company strategies, partnerships, and acquisitions. The report provides global market size estimates, market share analysis, revenue numbers, and covers key issues and trends in the EV Charging Station Raw Materials Market. For more information, refer to Meticulous Research®’s latest report on Global Opportunity Analysis and Industry Forecast (2021-2028).
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