High Growth & Smooth Sailing of Automotive Under the Hood Composites Market

Posted by Stratview Research on December 12th, 2019

The Cutting-Edge Stratview Insights:

Stratview Research prognosticates the market to grow at a healthy CAGRover the next five years and expects the market to cross over of US$ 6,667.3 million mark by 2023.

The estimates are a result of market analysis over a period of 2012-17, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Under the Hood Composites Market during the period 2018-23.

Identifying the Factors & Avenues of Growth

Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Under the Hood Composites Market respondsto all the significant inquiries.

Composites have been a game changer in the automotive industry for meeting the challenging requirements of the industry such as improving fuel economy and reducing carbon emissions. Stringent emission norms imposed by the governments of different countries are leading to a sharp increase in the demand for composite materials in the automotive industry. Today, composites are found in almost all major application areas including under the hood, exterior, and interior. Under the hood is the biggest application area, accounting for nearly 40% of the total automotive composites market.

Between the two types of composites, thermoplastic and thermoset, thermoplastic composites are predominantly used in the automotive under the hood market. The continuously changing requirements of physical and mechanical properties of components located at different areas of a vehicle is leading to an improvement in the properties of existing materials as well as a shift towards high-performance materials. Components located at under the hood areas are prone to higher temperature and pressure as compared to the interior and exterior automotive components. This is leading to the entry of high-performance composites for under the hood components in the industry.

One of the biggest trends in the automotive industry is engine downsizing. Engine downsizing elevates the temperature of under the hood as these engines run hotter. Furthermore, the space of the engine compartment is getting lessened as cars are getting more compact. In such high- temperature and -pressure environments, components made with conventional materials cannot reliably deliver performance as desired. Composite components have been proven not only in achieving greater fuel efficiency but also in delivering higher performance and long-term reliability.

The automotive under the hood composites market is likely to grow at an impressive growth rate over the next five years to reach US$ 6,667.3 million in 2023. The auto industry has efficaciously been ushering in a new era of lightweight vehicles with a meticulous investment into composite components in under the hood areas that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating composite components in their mass-selling vehicle models with the purpose to improve the overall fuel efficiency of vehicles in order to address stringent government regulations, such as CAFE Standards and EU Commission on Carbon Emissions Reduction Targets.

Unravelling the Critical Segments

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.

                It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.

                The market of Automotive Under the Hood Composites has been divided into categories such as by Vehicle Type, Application Type, Resin Type, Manufacturing Type, Process Type, By Region. Insights on each segment can be of critical importance to any player.

Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:

• Which are the best performing segments of the market?
• Which is the most dominant region?
• Which material is the most promising?
• Who are the movers and shakers of the market?
• What are the regional growth hotspots?
• What are the segmental growth forecasts?

To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/345/Automotive-Under-the-Hood-Composites-Market.html

INOAC Corporation. at the Helm

The top 5 players are INOAC Corporation, MANN+HUMMEL Group, Röchling Group, Magneti Marelli S.p.A., Aisin Seiki, MAHLE Group, Calsonic Kansei Corporation, Denso Corporation

Other important firms are MAHLE Group, Calsonic Kansei Corporation, Denso Corporation, Valeo Group

Emerging Trends:

Increasing Demands of Air intake manifold

Based on the application type, the automotive under the hood composites market is segmented as Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, and Others. Air intake manifold is likely to remain the largest application of composites in under the hood market during the forecast period. It is also the largest thermoplastic composite component in the automotive industry. Charge air cooler (includes end caps and end tanks) is likely to be the fastest-growing composite component in the automotive under the hood composites market during the same period

Passenger Car to Remain the Growth Engine

The global automotive under the hood composites market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle).  Passenger car is expected to remain the growth engine of the global automotive under the hood composites market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of composites in passenger cars is likely to elevate the demand for under the hood composites in the passenger car segment in the foreseeable future.

PA composite to remain the dominant resin type

Based on the resin type, the automotive under the hood composites market is segmented as Polyamide (PA) Composites, Polypropylene (PP) Composites, Polybutylene Terephthalate (PBT), Polyphenylene Sulphide (PPS), and Others. PA composite is expected to remain the largest resin type in the automotive under the hood composites market during the forecast period. Major under the hood composite components, such as air intake manifold, radiator end tank, and engine cover, are largely made with PA composites only, where PA6 and PA66 being the major resin grades.

Asia-Pacific to be the Largest Market

Based on region, Asia-Pacific is likely to remain the largest automotive under the hood composites market during the forecast period. Asia-Pacific is the largest automobile producer, accounting for more than 50% of vehicles produced worldwide. China and India are the growth engines of the regional demand for automobiles as well as composites for under the hood applications. North America and Europe are also likely to generate sizeable growth opportunities in the coming five years. 

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