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Automotive Under the Hood Composites Market Forecasted to Reach US$ 6,667.3 million in 2023
The report on Automotive Under the Hood Composites Market is a 240-page study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.
Published 11 January 2019
Stratview Research has launched a research report on Automotive Under the Hood Composites Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Under the Hood Composites Market from 2018 to 2023.
This 240-page report is segmented in five ways to provide a 360-degree holistic view. The segments are –
o Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Stratview Research has presented the study of Automotive Under the Hood Composites Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The key raw material suppliers for automotive under the hood composites market are Owens Corning, Johns Manville, BASF SE, DuPont, DSM, Lanxess AG, and Celanese Corporation, whereas the major under the hood composite component manufacturers are Aisin Seiki, Calsonic Kensai, Denso Corporation, MAHLE GmbH, Mann+Hummel, Magneti Marelli, and Röchling Group.
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Composite components changing the automotive industry
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.
Engine downsizing in automotive 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.
Passenger car expected 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.
Air intake manifold likely to remain the largest application
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.
PA composite expected to remain the largest 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.
China and India are the growth engines of the regional demand for automobiles
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.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the Automotive Under the Hood Composites Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
Click Here for Other Reports from Stratview Research in the Automotive & Transportation Industry
This 240-page report is segmented in five ways to provide a 360-degree holistic view. The segments are –
- By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle)
- By Application Type (Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, Others)
- By Resin Type (PA Composites, PP Composites, PBT Composites, PPS Composites, Others)
- By Manufacturing Process Type (Injection-Molded Composites, Blow-Molded Composites, Others)
- By Region
o Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Stratview Research has presented the study of Automotive Under the Hood Composites Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The key raw material suppliers for automotive under the hood composites market are Owens Corning, Johns Manville, BASF SE, DuPont, DSM, Lanxess AG, and Celanese Corporation, whereas the major under the hood composite component manufacturers are Aisin Seiki, Calsonic Kensai, Denso Corporation, MAHLE GmbH, Mann+Hummel, Magneti Marelli, and Röchling Group.
Go through the detailed scope
Or
Get a free sample of the report
Composite components changing the automotive industry
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.
Engine downsizing in automotive 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.
Passenger car expected 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.
Air intake manifold likely to remain the largest application
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.
PA composite expected to remain the largest 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.
China and India are the growth engines of the regional demand for automobiles
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.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
- Research Methodology
This report studies the Automotive Under the Hood Composites Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
- Extensive secondary research,
- Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
- Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
Click Here for Other Reports from Stratview Research in the Automotive & Transportation Industry
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