The global automotive heat shield market size is expected to grow from $11.82 billion in 2021 to $13.15 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global automotive heat shields market size is expected to grow to $16.4 billion in 2026 at a CAGR of 5.7%.
What is the Global Automotive Heat Shield Market?
The automotive heat shield market consists of sales of automotive heat shields by entities (organizations, sole traders, and partnerships) that manufacture automotive heat shields that are designed to absorb excessive heat by absorbing, reflecting, or dissipating the heat. A heat shield is expected to have high thermal resistance and high thermal emittance. The heat shield helps in protecting the parts from the heat and also deflects them away or by absorbing them.
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What drives the Global Automotive Heat Shield Market?
The growing focus on heat shields made of lightweight material is contributing to the growth of the automotive heat shield market. This type of heat shield decreases the weight of the car and also improves its efficiency. A lightweight heat shield provides thermal protection and increases the overall performance of the car as compared to heavy material. According to the Office of Energy Efficiency & Renewables Energy, a 10% reduction in vehicle weight can save up to 6-8% of fuel. The usage of lightweight components and efficient engines in one-quarter of the US fleet can save up to 5 billion gallons of fuel annually by 2030. Moreover, lightweight heat shields insulated with melamine foam can withstand up to 1000°F. Another type of heat shield made with a thin layer of hydrophobic melamine foam for spot heat fix is temperature rated to 800°F, the two heat shields are 98% reflective. The lightweight heat shield offering fuel efficiency and thermal protection is increasing focus on lightweight heatshield, which in turn driving the market for the automotive heat shield.
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Global Automotive Heat Shield Market Segments
The global automotive heat shield market is segmented:
By Material Type: Metallic, Non-Metallic
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
By Product Type: Single Shell, Double Shell, Sandwich
By Application: Exhaust System Heat Shield, Turbocharger Heat Shield, Under Bonnet Heat Shield, Engine Compartment Heat Shield, Under Chassis
By Sales Channel: OEM, Aftermarket
By Geography: The regions covered in the automotive heat shield market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global automotive heat shield market.
Automotive Heat Shield Global Market Report 2022provides market size and growth forecasts for the global automotive heat shield market, global automotive heat shield market share, automotive heat shield market segments and geographies, automotive heat shield market competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive heat shield market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Automotive Heat Shield Industry Playersinclude Autoneum, Carcoustics, Dana Incorporated, Elringklinger, Lydall, Morgan Advanced Materials, Tenneco, UGN, Covpress, DuPont, Federal-Mogul Corporation, and Happich. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
