According to IMARC Group latest report titled” Automotive Heat Shield Market Size:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global automotive heat shield market to grew at a CAGR of around 4% during the forecast period (2021-2026).
An automotive heat shield refers to metal plates designed to protect various automotive parts from overheating. It can also be produced from other metallic and non-metallic materials, such as nylon, ceramic, fiberglass, and aluminum. An automotive heat shielddissipates, reflects, and absorbs the heat generated from the vehicular engine through thermal insulation and radiative cooling. This mechanism controls the under-bonnet temperature and maintains optimal thermal comfort, thereby increasing driver comfort and engine performance. Apart from this, automotive heat shields exhibit high emissivity, good refractoriness, cost-effectiveness, and ease of installation.
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Market Trends & Drivers:
A significant expansion in the automotive sector, along with the increasing demand for commercial and electric vehicles (EVs) is majorly driving the global automotive heat shield market growth. Additionally, rapid technological advancements, such as the incorporation of turbochargers in compression and automotive spark ignition (SI) systems, to increase engine performance are contributing to the market growth. Moreover, the rising demand for high mobility, lightweight, and fuel-efficient vehicles are encouraging manufacturers to use metal composites and meta-framing materials in the production of automotive heat shields, which is acting as a growth-inducing factor.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Dana Incorporated
- DuPont de Nemours Inc
- ElringKlinger AG
- HAPPICH GmbH
- Lydall Inc.
- Morgan Advanced Materials Plc
- NICHIAS Corporation
- Talbros Automotive Components Ltd.
- Tenneco Inc.
Automotive Heat Shield Market Segmentation:
Our report has categorized the market based on Region, Material, Product, Application and Vehicle Type.
Market Breakup by Material:
Market Breakup by Product:
- Single Shell
- Double Shell
- Sandwich Type
Market Breakup by Application:
- Exhaust System
- Under Bonnet
- Engine Compartment
- Under Chassis
Market Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicles
Market Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Explore full report with table of contents: https://www.imarcgroup.com/automotive-heat-shield-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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