Automotive Heat Shield Market

The Automotive Heat Shield Market is predicted to rise to USD 14,200 million by 2028, witnessing 3.4% CAGR during 2021-2028

Automotive Heat Shield Market Overview

An automotive heat shield is a designed sheet that is used to protect the automotive components from the excessive heat generated from engine and exhaust systems. It is basically used to cover the engine body and protect it from heat damage. Moreover, it maintains and reduces the body temperature of vehicle and maintains optimal thermal comfort inside the vehicle.

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Major Automotive Heat Shield Market Drivers

The factors driving the global Automotive Heat Shield Market include the increase in the use of lithium-ion batteries which is employed in the electric vehicles that generate a significant amount of heat. The lack of effective heat management system has a negative impact on the battery life and vehicle range. Thus, the increasing demand for electric vehicles will boost the growth of automotive heat shield market. For instance, according to IEA, in 2020, the sale of electric car reached 3 million globally which is 40% up from 2019.
Moreover, growing technological advancement in automotive sector leads to the increase in the lightweight heat shield material such as Sheet structures made with DuPont Nomex fiber which reduce the overall weight of car and increase the fuel efficiency of the vehicle; thus, this factor will propel the growth of this market.

Restraint in the Automotive Heat Shield Market

However, increasing concerns related to price the price of raw material such as solid steel, aluminum etc, are high which will hamper the growth of this market.
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Material type – Segment Analysis

Based on the Material type, the non-metallic market segment is expected to grow at a higher CAGR rate in the global automotive heat shield market during the forecast period owing to the increase in the usage of composite and other related material for manufacturing the heat shields. Moreover, non-metallic components have a high temperature resistance capacity and lightweight in nature. Thus, this factor will drive the growth of this segment.

Application – Segment Analysis

Based on the Application, turbocharger heat shield segment is projected to grow at a higher CAGR rate in the global automotive heat shield market during the forecast period due to the growing penetration of turbochargers and components such as air intake and helps the turbo build boost faster and can reduce turbo flutter. Furthermore, it acts as a thermal insulator for the vehicle. It improves the heat management system which leads to fuel efficiency and performance of vehicle. Thus, fuel efficient vehicle will boost the growth of this segment.

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Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to grow at a higher CAGR rate in the global automotive heat shield market during the forecast period due to the rising demand for low emission vehicle in this region. The growing utilization of elctric vehicles in this region has boosted the growth of this market. For instance, according to IEA in 2020 the registration of new electric vehicle is 1.2 million in China which is second highest sales over the globe of electric vehicle.

Top Market Players

Various notable players operating in the market, include, Dana Limited., Morgan Advanced Materials and its affiliates, Autoneum, ElringKlinger AG, Lydall, Inc., Tenneco Inc., DuPont., Carcoustics, Zircotec, UGN Inc., among others.

Key Developments:

• • In Jan 2020, Dana Incorporated announced its collaboration with Peterbilt Motor Company for electric truck powertrain development. Peterbilt will integrate Dana’s electric-propulsion system into its Model 220EV battery electric vehicles.
  • April 2019. Freudenberg Performance Materials and Freudenberg Sealing Technologies are working together to provide shielding with plastic housings from disruptions caused by electromagnetic waves. With an aim of replacing the aluminum versions that have dominated the market.

Segments covered in the Report:

The global Automotive Heat Shield Market has been segmented on the basis of Material type, Application, and regions. Based on Material type, the market is segmented into Metallic and Non-metallic. Based on Application, the market is segmented into Turbocharger Heat Shield, Exhaust System Heat Shield, Under Chassis Heat Shield, Under Bonnet Heat Shield and Engine Compartment Heat Shield. Based on vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle.

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Market Segmentation

Global Automotive Heat Shield Market by Material type

• • Metallic
  • Non-metallic

Global Automotive Heat Shield Market by Application

• • Turbocharger Heat Shield
  • Exhaust System Heat Shield
  • Under Chassis Heat Shield
  • Under Bonnet Heat Shield
  • Engine Compartment Heat Shield

Global Automotive Heat Shield Market by vehicle Type

• • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Heat Shield Market by Region

• • North America Automotive Heat Shield Market (Option 1: As a part of the free 25% customization)

    • North America Automotive Heat Shield Market by Material type
    • North America Automotive Heat Shield Market by Application
    • North America Automotive Heat Shield Market by vehicle Type
    • US Automotive Heat Shield Market All-Up
    • Canada Automotive Heat Shield Market All-Up

  • Europe Automotive Heat Shield Market (Option 2: As a part of the free 25% customization)

    • Europe Automotive Heat Shield Market by Material type
    • Europe Automotive Heat Shield Market by Application
    • Europe Automotive Heat Shield Market by vehicle Type
    • UK Automotive Heat Shield Market All-Up
    • Germany Automotive Heat Shield Market All-Up
    • France Automotive Heat Shield Market All-Up
    • Spain Automotive Heat Shield Market All-Up
    • Rest of Europe Automotive Heat Shield Market All-Up

  • Asia-Pacific Automotive Heat Shield Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Automotive Heat Shield Market by Material type
    • Asia-Pacific Automotive Heat Shield Market by Application
    • Asia-Pacific Automotive Heat Shield Market by vehicle Type
    • China Automotive Heat Shield Market All-Up
    • India Automotive Heat Shield Market All-Up
    • Japan Automotive Heat Shield Market All-Up
    • Rest of APAC Automotive Heat Shield Market All-Up

  • RoW Automotive Heat Shield Market (Option 4: As a part of the free 25% customization)

    • RoW Automotive Heat Shield Market by Material type
    • RoW Automotive Heat Shield Market by Application
    • RoW Automotive Heat Shield Market by vehicle Type
    • Brazil Automotive Heat Shield Market All-Up
    • South Africa Automotive Heat Shield Market All-Up
    • Saudi Arabia Automotive Heat Shield Market All-Up
    • UAE Automotive Heat Shield Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Heat Shield Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Dana Limited.
  • Morgan Advanced Materials and its affiliates
  • Autoneum
  • ElringKlinger AG
  • Lydall, Inc.
  • Tenneco Inc.
  • DuPont.
  • Carcoustics
  • Zircotec
  • UGN Inc.