According to IMARC Group latest report titled” Automotive Heat Shield Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2023-2028″, The global automotive heat shield market size reached US$ 11.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.
Industry Definition and Application:
An automotive heat shield is a specially designed sheet that protects automotive parts from excessive heat generated from the engine and exhaust systems. It plays an essential role in increasing an engine’s power output by controlling temperatures under the bonnet and maintaining optimum thermal comfort inside the vehicle. Automotive heat shield fabrication can be done with both metallic and non-metallic materials, such as nylon, aluminum, and ceramics. These shields are cost-efficient, easy to install, are customizable.
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Automotive Heat Shield Market Trends & Drivers:
The expanding automotive sector, along with a growing focus on controlling carbon emissions from vehicles, is also propelling the global market for automotive heat shield. Furthermore, several technological advancements have led to the integration of superchargers in spark ignition and compression ignition engines, thereby augmenting the market growth. With an increasing preference for lighter automotive parts, numerous key manufacturers are also developing lightweight heat shield materials. Additionally, the emergence of electric and hybrid vehicles has led to a rise in demand for heat shields, which is further propelling the global market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Competitive Landscape with Key Players:
- Autoneum
- Carcoustics
- Dana Incorporated
- DuPont de Nemours Inc
- ElringKlinger AG
- HAPPICH GmbH
- Lydall Inc.
- Morgan Advanced Materials Plc
- NICHIAS Corporation
- Talbros Automotive Components Ltd.
- Tenneco Inc.
- Zircotec
Market Breakup by Material:
- Metallic
- Non-Metallic
Market Breakup by Product:
- Single Shell
- Double Shell
- Sandwich Type
Market Breakup by Application:
- Exhaust System
- Turbocharger
- Under Bonnet
- Engine Compartment
- Under Chassis
- Others
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Market Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicles
- Others
Market Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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