Automotive Under the Hood Plastic Market Trends and Forecast
The future of the global automotive under the hood plastic market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle segments. The global automotive under the hood plastic market is expected to grow at a CAGR of 5.2% from 2021 to 2027. The major drivers 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.
Emerging Trends in the Automotive Under the Hood Plastic Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing trend of bike sharing, development of folding automotive under the hood plastics, and custom fit automotive under the hood plastics.
A total of 168 figures/charts and 139 tables are provided in this 261-page report to help in your business decisions. To learn the scope, benefits, companies researched, and other details of the global automotive under the hood plastic market report, please download the report brochure.
Automotive Under the Hood Plastic Market by Segments
The analyst forecasts that polyamide resin will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive under the hood plastic market by application, vehicle type, resin type, and region, as follows:
Automotive Under the Hood Plastic Market by Application Type [$ Million and (Kilotons) from 2016 to 2027]:
- Air Intake Manifolds
- Engine Covers
- Rocker Covers
- Front End Module
- Other Components
- Automotive Under the Hood Plastic Market by Vehicle Type [$ Million and (Kilotons) from 2016 to 2027]:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive Under the Hood Plastic Market by Resin Type [$ Million and (Kilotons) from 2016 to 2027]:
- Polyamides
- Polypropylenes
- Other Plastics
Automotive Under the Hood Plastic Market by Region [$ Million and (Kilotons) from 2016 to 2027]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Russia
- United Kingdom
- Asia Pacific
- China
- Japan
- South Korea
- India
- Indonesia
- The Rest of the World
- Brazil
- Argentina
List of Automotive Under the Hood Plastic Companies
Companies in the market compete on the basis of the product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive under the hood plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive under the hood plastic companies profiled in this report includes.
- BASF
- Lyondellbassell
- EI Du Pont de Nemours.Co
- Borealis
Automotive Under the Hood Plastic Market Insights
The analyst forecasts that polyamide resin will remain the largest segment, and it is also expected to witness the highest growth over 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 the 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.
Features of the Global Automotive Under the Hood Plastic Market
- Market Size Estimates: Global automotive under the hood plastic market size estimation in terms of value ($M) and volume (kilotons) shipment.
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
- Segmentation Analysis: Global automotive under the hood plastic market size by various segments, such as by application, vehicle type, resin type in terms of value and volume.
- Regional Analysis: Global automotive under the hood plastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different segments by application, vehicle type, resin type and regions for the global automotive under the hood plastic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive under the hood plastic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model
FAQs
Q1. What is the automotive under the hood plastic market size?
Answer: The global automotive under the hood plastic market is expected to reach an estimated $4.2 billion by 2027.
Q2. What is the growth forecast for automotive under the hood plastic market?
Answer: The automotive under the hood plastic market is expected to grow at a CAGR of 5.2% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive under the hood plastic market?
Answer: The major drivers 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.
Q4. What are the major applications or end use industries for automotive under the hood plastic?
Answer: Rock cover components is the major segment by applications for automotive under the hood plastic.
Q5. What are the emerging trends in automotive under the hood plastic market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding automotive under the hood plastics, and custom fit automotive under the hood plastics.
Q6. Who are the key automotive under the hood plastic companies?
Answer: Some of the key automotive under the hood plastic companies are as follows:
- BASF
- Lyondellbassell
- EI Du Pont de Nemours.Co
- Borealis
Q7.Which automotive under the hood plastic product segment will be the largest in future?
Answer: The analyst forecasts that polyamide resin will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to high resistance to abrasion, low friction characteristics, electrical resistance, and heat and chemical resistance.
Q8: In the automotive under the hood plastic market, which region is expected to be the largest in the next 5 years?
Answer: Europe is expected to remain the largest region due to the 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 a reduced CAFÉ target in 2025.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
- Q.1 What are some of the most promising growth opportunities for the global automotive under the hood plastic market by application (air intake manifolds, engine covers, rocker covers, front end modules, and other components), by vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), resin type (polyamide, polypropylene, and other plastics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q.2 Which segments will grow at a faster pace and why?
- Q.3 Which region will grow at a faster pace and why?
- Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
- Q.5 What are the business risks and competitive threats in this market?
- Q.6 What are the emerging trends in this market and the reasons behind them?
- Q.7 What are some of the changing demands of customers in the market?
- Q.8 What are the new developments in the market and which companies are leading these developments?
- Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
- Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
- Q.11 What M&A activity has occurred in the last five years?
Table of Contents
1. Executive Summary
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- E I Du Pont De Nemours and Co.
- The Dow Chemical Company
- Solvay Plastics
- Royal DSM
- Borealis AG
- LyondellBassel Industries NV
- SABIC
- Exxon Mobil
- Arkema SA
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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