Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Global EV Charging Infrastructure Materials Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Material Type, Application, Charger Type, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.
EV Charging Infrastructure Materials Market registered market value of around USD 2.41 Billion in 2023 is expected to grow at a CAGR of 33.2% during 2025-2030.
The global market for electric vehicle (EV) charging infrastructure materials is witnessing a significant transformation driven by the increasing adoption of electric vehicles worldwide. This surge in EV adoption is a direct response to growing environmental concerns, governmental regulations promoting clean energy, and advancements in battery technology. As nations commit to reducing carbon emissions, the demand for efficient and widespread EV charging stations has become crucial, thereby boosting the market for materials that are integral to building these facilities.
At the forefront of this market are materials such as copper, Aluminium, steel, and various polymers, which are essential for the construction of both the hardware and the electronic components of EV charging stations. Copper is particularly prominent due to its high electrical conductivity and durability, making it ideal for use in cables and electrical components. Aluminium, being lightweight and corrosion-resistant, is used in the construction of EV charging station frames and parts of the infrastructure that benefit from reduced weight without compromising structural integrity.
The market dynamics are influenced by technological advancements in charging systems, such as the development of faster and more efficient charging technologies including Level 2 and DC fast charging. These technologies require materials that can withstand higher currents and provide reliable performance over extended periods, pushing manufacturers to innovate in material science. For instance, the development of heat-resistant polymers and advanced metallic alloys that can handle rapid electricity transmission without degrading is crucial for the sustainability of fast charging infrastructures.
Environmental and regulatory policies also play a pivotal role in shaping the market. Regulations such as the European Union's directives on reducing carbon footprints and the U.S. government's policies on infrastructure investment significantly impact market strategies. Companies are compelled to invest in research and development to comply with these regulations while ensuring cost-effectiveness and market competitiveness.
Moreover, sustainability concerns are prompting companies to explore recycling and reusing materials, especially metals like copper and steel. The lifecycle analysis of materials used in EV charging stations is becoming a critical part of product development strategies. Companies are not only looking at the performance but also the environmental impact of their material choices, pushing for innovations that include biodegradable or more recyclable materials.
The market is also witnessing a rise in collaborations between material suppliers, manufacturers of charging station components, and automotive OEMs to streamline supply chains and reduce material wastage. These partnerships are crucial for synchronizing the development of EVs and the corresponding charging infrastructure, ensuring that advancements in vehicle technology are complemented by the charging systems.
Segment Insights
By Material Type, Polymers is expected to grow at the fastest CAGR of 36% during 2025-2030. Polymers in electric vehicle (EV) charging infrastructure materials market is undergoing rapid growth, driven by the escalating demand for electric vehicles and the consequent expansion of charging infrastructure worldwide. Polymers, due to their inherent properties such as high insulation capacity, resistance to wear and corrosion, flexibility, and reduced weight, are becoming integral materials in the construction and maintenance of EV charging stations. These synthetic materials are crucial not only in the functional components such as cables and connectors but also in the structural and aesthetic elements of the charging units.
Geographical Insights
Asia Pacific is the largest region in the Global EV Charging Infrastructure Materials Market. The Asia-Pacific region has seen a significant increase in electric vehicle sales, driven by growing consumer awareness and preference for sustainable transportation options. China, as the leading market, has reported substantial year-on-year growth in EV sales, which has created a corresponding demand for charging infrastructure and the materials required to build it.
Many governments in the Asia-Pacific region, particularly in China, have implemented supportive policies and incentives to promote the adoption of electric vehicles. These policies often include subsidies for EV purchases, investments in charging infrastructure, and targets for EV adoption, all of which directly stimulate the demand for materials needed in the construction of EV charging stations.
Reasons to buy this report:
- In-Depth Comparative Assessment of Top 20 Markets in the EV Charging Infrastructure Materials Industry: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
- Comprehensive Historical, Present, and Future Analytics of the EV Charging Infrastructure Materials Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of EV Charging Infrastructure Materials Market.
- Detailed Analysis of EV Charging Infrastructure Materials Market By Material Type, Application, and Charger Type Across 20 Countries
- Beyond the Purchase: 90 Days of Support
- Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
- Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
- Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
- Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and Material Type positioning using the Opportunity Portfolio Matrix (OPM)
- Strategic Industry Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies
Global EV Charging Infrastructure Materials Market: Historic and Forecast
Impact Analysis of Macro Economic Factors on Global EV Charging Infrastructure Materials Market
- Global Prevalence of EV Charging Infrastructure Materials (% of overall Materials)
- EV Charging Infrastructure Materials Matrix
- Global EV Charging Infrastructure Materials Market: Dashboard
- Global EV Charging Infrastructure Materials Market: Market Size and CAGR, By Value, 2020-2030 (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market: Market Size and CAGR, By Volume, 2020-2030 (Million Tons & CAGR)
- Global EV Charging Infrastructure Materials Market: Market Value Assessment
- Assessment of Degree Impact of COVID-19 on Global EV Charging Infrastructure Materials Market
Global EV Charging Infrastructure Materials Market Segmentation : By Material Type
- Global EV Charging Infrastructure Materials Market, By Material Type Overview
- Global EV Charging Infrastructure Materials Market Attractiveness Index, By Material Type (2025-2030)
- Global EV Charging Infrastructure Materials Market Size, By Copper, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By Steel, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By Aluminium, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By Polymers , By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By Other Material Types, By Value, 2020H-2030F (USD Billion & CAGR)
Global EV Charging Infrastructure Materials Market Segmentation : By Application
- Global EV Charging Infrastructure Materials Market, By Application Overview
- Global EV Charging Infrastructure Materials Market Attractiveness Index, By Application (2025-2030)
- Global EV Charging Infrastructure Materials Market Size, By Cables and Connectors, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By Enclosures, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By Power Conversion Systems, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By User Interface and Networking, By Value, 2020H-2030F (USD Billion & CAGR)
Global EV Charging Infrastructure Materials Market Segmentation : By Charger Type
- Global EV Charging Infrastructure Materials Market, By Charger Type Overview
- Global EV Charging Infrastructure Materials Market Attractiveness Index, By Charger Type (2025-2030)
- Global EV Charging Infrastructure Materials Market Size, By Level 1 & 2 Charger, By Value, 2020H-2030F (USD Billion & CAGR)
- Global EV Charging Infrastructure Materials Market Size, By DC Fast Charger, By Value, 2020H-2030F (USD Billion & CAGR)
Competitive Positioning
- Companies' Service Positioning
- Market Position Matrix
- Market Share Analysis of EV Charging Infrastructure Materials Market
Company Profiles
- POSCO
- Covestro
- DuPont
- BASF SE
- SABIC
- Ryerson Holding Corporation
- DOMO Chemicals
- ThyssenKrupp AG
- Evonik Industries AG
- Trinseo
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