Acceleration in Adoption: The UK electric car market continues to witness exponential growth, with sales surging year on year. Reports indicate that the adoption rate of electric vehicles (EVs) has skyrocketed, reflecting a shift towards sustainable transportation solutions. Government Incentives Driving Change: One of the primary drivers behind this surge is the unwavering support from government initiatives and policies aimed at promoting clean energy transportation. Incentives such as grants, tax benefits, and low-emission zones play a pivotal role in incentivizing consumers to switch to electric cars. https://citaevcharger.co.uk/uk-and-electric-cars-ev-market-stats-2024/

Polypropylene Market Revenue, Development, Revenue, Future Growth, Future Strategies, Business Opportunities, Growth Statistics by 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Regional Insights Promising Growth of the Packaging Industry to Aid the Asia Pacific Market Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billionin 2020. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

According to a market report by Lucintel, the future of the global electric vehicle sensor market https://www.lucintel.com/electric-vehicle-sensor-market.aspx looks promising with opportunities in the BEV, HEV, PHEV, and FCEV applications. The global electric vehicle sensor market is expected to reach an estimated $23.5 billion by 2030 with a CAGR of 11.1% from 2024 to 2030. The major drivers for this market are increasing penetration of these sensors in the autonomous vehicles, rising adoption of ADAS and EBD systems in the electric vehicles, and growing concern regarding the safety of autonomous vehicles. In this market,current sensor, temperature sensor, position sensor, pressure sensor, speed sensor, LiDAR sensor, RADAR sensor, and image sensor are the major segments of electric vehicle sensor market by product. Lucintel forecast that image sensor is expected to witness highest growth over the forecast period. Within this market, BEV is expected to witness highest growth over the forecast period. Europe is expected to witness highest growth over the forecast period. Continental AG, Denso, Robert Bosch, Sensata,Valeo, Ampheol, and Renesas are the major suppliers in the electric vehicle sensor market. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com About Lucintel At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. 972.636.5056 Related reports 1.Computer and Peripheral Connector Market https://www.lucintel.com/computer-and-peripheral-connector-market.aspx 2.Multilayer Ceramic Capacitor Market https://www.lucintel.com/multilayer-ceramic-capacitor-market.aspx 3. Semiconductor Wafer Cleaning Equipment Market https://www.lucintel.com/semiconductor-wafer-cleaning-equipment-market.aspx 4. Printed Circuit Board Market: https://www.lucintel.com/pcb-markets.aspx 5. Semiconductor Market: https://www.lucintel.com/semiconductor-market.aspx 6. Connector Market: https://www.lucintel.com/connector-market.aspx 7. Pressure Sensor Market: https://www.lucintel.com/pressure-sensor-market.aspx 8. Probe Card Market: https://www.lucintel.com/probe-card-market.aspx 9. Sensor Market: https://www.lucintel.com/sensor-market.aspx 10. Smart Card IC Market: https://www.lucintel.com/smart-card-ic-market.aspx

Polypropylene Market Report Production Capacity and Consumption Analysis, Trends Analysis Report and Forecasts, 2021 – 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Segmentation Based on type, the market is bifurcated into homopolymer and copolymer. On the basis of end-user, this market has been segmented into packaging, automotive, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceuticals, electrical & electronics, agriculture, and others. Here, the consumer goods/lifestyle segment accounted for a 7.1% share in the global market in 2020. By region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

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Automotive Electric Drivetrain System Market The Automotive Electric Drivetrain System Market refers to the industry segment that encompasses the development, production, and deployment of electric drivetrain systems for vehicles. A drivetrain is a critical component of any vehicle that transfers power from the engine (or motor) to the wheels, enabling the vehicle to move. In the case of electric vehicles (EVs), an electric drivetrain system replaces the traditional internal combustion engine (ICE) and associated transmission components. https://www.prophecymarketinsights.com/market_insight/Global-Automotive-Electric-Drivetrain-System-3299

Automotive Electric Drivetrain System Market The Automotive Electric Drivetrain System Market refers to the industry segment that involves the development, production, and deployment of electric drivetrain systems for vehicles. The drivetrain system in a vehicle is responsible for transmitting power from the engine or motor to the wheels, enabling the vehicle to move. In the case of electric vehicles (EVs), the drivetrain consists of components that transmit power from the electric motor to the wheels. https://www.prophecymarketinsights.com/market_insight/Global-Automotive-Electric-Drivetrain-System-3299