Automotive Under the Hood Composites Market Size to Grow at a CAGR of 4.5% till 2023

Automotive Under the Hood Composite Market is expected to grow at a CAGR of 4.5% during the next five years, according to a newly added report by Stratview Research. 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.

The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2018-2023.

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As per the report, among different vehicle types, 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.

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.

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.

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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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The report further mentions about the key manufacturing players Aisin Seiki, Calsonic Kensai, Denso Corporation, MAHLE GmbH, Mann+Hummel, Magneti Marelli, and Röchling Group. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive under the hood composites market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report
The report on automotive under the hood composites market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

For inquiries, Contact:
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Stratview Research
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Direct: +1-313-307-4176

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About Stratview Research
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