According to a new market report published by Lucintel, the future of the automotive under the hood plastic market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle segments. The automotive under the hood plastic market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4.1 billion by 2025 with a CAGR of 0% to 2% from 2020 to 2025. The major drivers of growth for this market are increasing demand for lightweight materials for OEM’s to reduce vehicle weight, increasing vehicle production, and stringent government regulations on fuel economy and emissions.
Browse 139 market data tables and 168 figures spread through 261 pages and in-depth TOC on “Automotive Under the Hood Plastic Market"
To download report brochure, please go to https://www.lucintel.com/automotive-under-hood-plastic-market.aspx and click "report brochure" tab
In this market, air intake manifolds, engine covers, rocker covers, and front end modules are some of the major application segments. On the basis of its comprehensive research, Lucintel forecasts that the engine cover and front end module application will show above average growth during the forecast period.
Passenger car, light commercial vehicle, and heavy commercial vehicle are the major vehicle segments of the automotive under the hood plastic market. Light commercial vehicles segment is expected to show above average growth during the forecast period.
In this market polyamides, polypropylene, and other resins are used for under the hood application. Polyamide resin is expected to show above average growth during the forecast period due to high resistance to abrasion, low friction characteristics, electrical resistance, and heat and chemical resistance.
Europe is expected to remain the largest region due to increasing use of plastic content per vehicle coupled with stringent government regulations to reduce carbon emissions and increasing fuel efficiency.North America is expected to witness significant growth over the forecast period because of strict carbon emission regulations and reduced CAFÉ target in 2025.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of carbon fiber imposed plastics, and development of cellulose enabled hybrid composites. BASF, Lyondellbassell, EI Du Pont de Nemours.Co, and Borealis are the major under the hood plastic suppliers in the automotive under the hood plastic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive under the hood plastic market by application, vehicle type, resin type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Automotive Under the Hood Plastic Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive under the hood plastic market by application, vehicle type, resin type, and region, as follows:
By Application Type [$ Million and (kilotons) from 2014 to 2025]
Air Intake Manifolds
Engine Covers
Rocker Covers
Front End Module
Other Components
By Vehicle Type [$ Million and (kilotons) from 2014 to 2025]
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Resin Type [$ Million and (Kilotons) from 2014 to 2025]
Polyamides
Polypropylenes
Other Plastics
By Region [$ Million and (Kilotons) from 2014 to 2025]
North America
Europe
Germany
France
Russia
United Kingdom
Asia Pacific
China
Japan
South Korea
India
Indonesia
The Rest of the World
This 261-page 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 click on this link https://www.lucintel.com/automotive-under-hood-plastic-market.aspx or helpdesk@lucintel.com.
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