REDDING,
Calif., June 18, 2024 /PRNewswire/ --
According to a new market research report titled,
'EV Charging Station Raw Materials Market
by Material Type (Metals & Alloys (Stainless Steel,
Aluminum, Copper), Polymers (PC Resins, Elastomers, TPU)),
Application (Cords, Displays), Charging Type, and Geography—Global
Forecast to 2031,' the EV charging station
raw materials market is projected to reach
$8.1 billion by 2031, at a
CAGR of 35.6% from 2024–2031. In
terms of volume, the market is expected to reach 1,09,248.5
metric tons by 2031, at a CAGR of 12.7% from
2024–2031.
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An electric vehicle charging station provides electric energy to
recharge EVs. The rising need to reduce carbon emissions and other
harmful pollutants associated with traditional transportation has
increased the demand for EV charging infrastructure for both
commercial and residential applications. As a result, there is a
surge in demand for raw materials like high-strength metals,
alloys, and polymers, essential for manufacturing EV charging
infrastructure. These materials undergo specialized processing to
ensure that the charging infrastructure meets both aesthetic and
operational standards.
The global EV charging station raw materials market
is segmented by material type (metals & alloys (copper,
stainless steel, carbon steel, aluminum, nickel, titanium, chrome,
other metals & alloys), polymers (thermoplastic polyurethanes,
polycarbonate blends, polyurethanes, elastomers, polycarbonate
resins)), application (cords, internal wiring, enclosures,
connector guns, thermal switches, displays, flexible conduits,
electric circuit breakers, energy meters and timers, cable hangers,
nylon glands/lock nuts, charger plug holsters, other applications),
charging type (level 2 charging, DC fast-charging, level 1
charging). The study also evaluates industry competitors and
analyzes the market at the regional and country levels.
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Based on material type, the global EV
charging station raw materials market is segmented into metals
& alloys and polymers. In 2024, the metals & alloys segment
is expected to account for the larger share of around 60% of
the EV charging station raw materials market. This segment's
large market share can be attributed to the surge in electric
vehicle adoption, increasing investments and initiatives by
electric mobility stakeholders to deploy wireless EV charging
systems, and increasing government initiatives aimed at promoting
the use of EVs. Metals and alloys possess the essential physical
and aesthetic properties necessary for manufacturers to meet design
and operational standards for electric vehicles and charging
stations at optimal prices. Among these, stainless steel, aluminum,
copper, nickel, and titanium are the most utilized raw materials
within the electric mobility ecosystem.
Based on application, the global EV Charging Station Raw
Materials market is segmented into cords, connector guns,
enclosures, charger plug holsters, nylon glands/lock nuts, electric
circuit breakers, energy meters and timers, internal wiring,
flexible conduits, thermal switches, cable hangers, displays, and
other applications. In 2024, the cords segment is expected to
account for the largest share of around 61% of the EV
charging station raw materials market. This segment's large
market share can be attributed to the frequent replacement of EV
charging station cords due to their low operational lifespan, the
global surge in EV adoption, the rising demand for high-power
charging (HPC) cables, and technological advancements in EV
charging cables, including innovations like
liquid-cooling.
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Based on charging type, the global EV Charging Station
Raw Materials market is segmented into Level 1 charging, Level 2
charging, and DC fast-charging. In 2024, the Level 2 charging
segment is expected to account for the largest share of around
85% of the EV charging station raw materials market.
This segment's large market share can be attributed to
government funding and incentives aimed at the installation of
Level 2 charging stations, the lower installation costs of Level 2
charging stations compared to DC fast-charging stations, and their
greater efficiency, offering reduced charging times compared to
Level 1 charging stations.
Based on geography, the EV Charging Station Raw Materials
market is segmented into North
America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the
largest share of around 59% of the EV charging station raw
materials market. Asia-Pacific's
significant market share can be attributed to the growing demand
for EVs in countries such as China
and Japan and rising government
initiatives to reduce greenhouse gas emissions. Additionally,
electrification presents various opportunities across the value
chain. For economies with well-established automotive manufacturing
hubs like Indonesia and
Thailand, it offers opportunities
to expand their EV and charging station production. Moreover, it
allows less developed economies to advance their automotive
manufacturing capabilities.
The key players operating in the
global EV charging station raw materials market
are Ryerson Holding Corporation (U.S.), DOMO Chemicals GmbH
(Germany), DuPont de Nemours, Inc.
(U.S.), SABIC (Saudi Arabia), BASF
SE (Germany), thyssenkrupp AG
(Germany), Covestro AG
(Germany), Evonik Industries AG
(Germany), POSCO (South Korea), Trinseo S.A. (U.S.), Celanese
Corporation (U.S.), and Lanxess AG
(Germany).
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Scope of the Report:
EV Charging Station Raw Materials Market Assessment—by
Material Type
- Metals & Alloys
- Copper
- Stainless Steel
- Carbon Steel
- Aluminum
- Nickel
- Titanium
- Chrome
- Other Metals & Alloys
- Polymers
- Thermoplastic Polyurethanes
- Polycarbonate Blends
- Polyurethanes
- Elastomers
- Polycarbonate Resins
EV Charging Station Raw Materials Market Assessment—by
Application
- Cords
- Internal Wiring
- Enclosures
- Connector Guns
- Thermal Switches
- Displays
- Flexible Conduits
- Electric Circuit Breakers
- Energy Meters and Timers
- Cable Hangers
- Nylon Glands/Lock Nuts
- Charger Plug Holsters
- Other Applications
EV Charging Station Raw Materials Market Assessment—by
Charging Type
- Level 2 Charging
- DC Fast-Charging
- Level 1 Charging
EV Charging Station Raw Materials Market
Assessment—by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Morocco
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Singapore
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- UAE
- Israel
- Rest of Middle East &
Africa
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