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 reach an estimated $4.8 billion by 2024 with a CAGR of 1.8% from 2019 to 2024. 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.

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 2019-2024: 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 2013 to 2024]
• Air Intake Manifolds
• Engine Covers
• Rocker Covers
• Front End Module
• Other Components
By Vehicle Type [$ Million and (kilotons) from 2013 to 2024]
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
By Resin Type [$ Million and (Kilotons) from 2013 to 2024]
• Polyamides
• Polypropylenes
• Other Plastics
By Region [$ Million and (Kilotons) from 2013 to 2024]
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Russia
o United Kingdom
• Asia Pacific
o China
o Japan
o South Korea
o India
o Indonesia
• The Rest of the World
o Brazil
o Argentina
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 email us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 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 key 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? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing 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 material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?