Automotive Headlamp Lens Cover Market – Growth Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–#Automotive–The global
automotive headlamp lens cover market is expected to grow
at a CAGR of close to 3% during the period 2018-2022, according
to a new market research study by Technavio.

The report presents a comprehensive research of the global automotive
headlamp lens cover market by product that includes glass and
plastic. The report also determines the geographic breakdown of the
market in terms of detailed analysis and impact, which includes key
geographies such as APAC, the Americas, and EMEA.

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Market driver: rising preference for composite plastic for
manufacturing automotive headlamp lens cover

Composite plastics are being chosen to manufacture automotive
headlamp lens cover. Plastic automotive headlamp lens cover reduces the
chances of breakage, reduces weight, and improves visibility. Polymethyl
Methacrylate (PMMA) and PC are the frequently used composite plastics
for manufacturing automotive headlamp lens cover. Both these plastics
have merits and demerits. PC plastic has more flexibility and is softer.
Therefore, it can be easily molded into the desired shape. However, PC
plastic is sensitive to ultraviolet radiation and abrasions. This causes
the material to oxidize up to a haze value of 30%. OEMs are treating PC
plastic with an ultraviolet inhibitor to reduce the haze value to about
5%, thereby making them more reliable.

According to a senior analyst at Technavio for automotive
components research, “PMMA plastic has a higher degree of
resistance to ultraviolet radiation that is experienced during daytime
driving. The haze value for PMMA plastic is estimated to be less than 5%
even after three years of use. But, the material has very less tolerance
to abrasions, which increases the risk of breakage. Thus, PMMA plastic
is used in signal lights and other secondary light sources.”

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Market trend: use of multilayer injection molding technique for
manufacturing automotive headlamp lens cover

The multilayer injection molding technique comprises the injection of
two resins into a mold. The core material is instantaneously pushed
through the nozzle or injection gate into the mold. This technique
creates a three-layered product in the time taken to make a single-layer
product. Automotive
headlamp lens cover is manufactured with multiple layers.
Conventional technology needs more manufacturing time as every
additional coating on the automotive headlamp lens cover requires more
time to cool and solidify over the headlamp. Thus, the multilayer
injection molding technique is being preferred for manufacturing plastic
automotive headlamp lens cover because it reduces the overall time taken
to manufacture a unit by allowing the coating to cool at the time of
injection.

Market challenge: fluctuation in crude oil prices affecting
procurement cost of PC plastic

Plastic compounds are usually derived from organic materials such as
crude oil. Various other natural substances from which plastic can be
made are natural salt, natural gas, coal, and cellulose. However, crude
oil is extensively used for producing plastic. Therefore, fluctuating
crude oil prices could affect the stability of plastic production cost
during the forecast period.

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