Dallas, TX / CRWE PRESS RELEASE / Dec. 9, 2021 - According to the recent study the under the hood plastic market is projected to reach an estimated $4.1 billion by 2025 from $4.0 billion in 2019, at a CAGR of 0.5% to 2.0% from 2020 to 2025. Growth in this market is primarily driven by the increasing demand for lightweight materials for OEM’s to reduce vehicle weight, increasing vehicle production, and stringent government regulations on fuel economy and emissions.

Browse 168 figures / charts and 139 tables in this 261 -page report to understand trends, opportunities and forecast in under the hood plastic market by application (air intake manifolds, engine covers, rocker covers, front end modules, and other components), 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).

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“Polypropylene market is expected to remain the largest segment during the forecast period.”

Based on resin type, the under the hood plastic market is segmented into polyamide, polypropylene, and other plastics. Lucintel forecasts that the polypropylene market is expected to remain the largest segment.

“Within the under the hood plastic market, the rocker cover segment is expected to remain the largest application”

Based on application, the rocker cover segment is expected to witness the largest growth over the forecast period.  

“Europe will dominate the under the hood plastic market in near future”

Europe is expected to be 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.

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Major players of under the hood plastic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market.  BASF SE, Lyondellbassell, EI Du Pont de Nemours.Co, Borealis AG and others are among the major under the hood plastic providers.

This unique 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 click on this link https://www.lucintel.com/automotive-under-hood-plastic-market.aspx  or helpdesk@lucintel.com