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Another equally influential trend of light weighting has led to the replacement of metal with plastics, especially with under hood applications.
The demand for lighter and more cost-efficient vehicles has boded well for the automotive under hood plastics market, as replacing metals with plastics greatly reduces the total weight of vehicles.
New analysis from Frost & Sullivan (chemicals.frost.com), Global Automotive Under Hood Plastics Market, finds that the market earned revenues of $1.51 billion in 2009 and estimates this to reach $2.50 billion in 2016.
If you are interested in a virtual brochure for this study, please send an email to Sarah Saatzer, Corporate Communications, at sarah.saatzer[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
To ensure sustainable growth of the automotive under hood plastics market, plastic resin manufacturers have to identify potential metal replacement opportunities and develop cost effective polymer material suited for a particular application. Only a few plastic resin manufacturers have dabbled in product development in the under hood plastics segment of the automotive market. The performance requirements for plastics are significant and this requires investments in R&D.
"Newly developed polymers for under hood applications can be introduced to automotive OEMs, which can, in turn, test them on particular vehicle models," says Frost & Sullivan Research Analyst Aniruddh Menon "Based on the success factors, the new plastic component can be continuously used on models."
Global Automotive Under Hood Plastics Market is part of the Chemicals & Materials Growth Partnership Services program, which also includes research in the following markets: Global Markets for Plastics in Passenger Vehicles, Global Automotive Refinish Coating Additives Markets, Impact of Automotive Trends on the Chemical Markets, and U.S. Automotive Fuel Additives Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
Global Automotive Under Hood Plastics Market / N795
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