Global Automotive Heat Shield Industry, Forecast to 2025 - GlobeNewswire

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Dublin, Aug. 27, 2020 (GLOBE NEWSWIRE) -- The "Automotive Heat Shield Market by Application (Engine, Exhaust, Under Bonnet, Under Chassis, Turbocharger), Product (Single Shell, Double Shell, Sandwich), Function (Acoustic, Non-Acoustic), Material, Vehicle Type, EV, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.The global automotive heat shield market is projected to reach USD 13.9 billion by 2025 from USD 11.7 billion in 2020, at a CAGR of 3.4%. Some of the key players in the automotive heat shield market are Dana Incorporated (US), Morgan Advanced Materials (UK), Autoneum (Switzerland), ElringKlinger AG (Germany), Lydall Inc. (UK), Carcoustics (Germany), and UGN Inc. (US).Growing advancements in advanced automotive technologies to fuel the demand for the automotive heat shield.OEMs demand lightweight, contaminant-free, and cost-effective heat shields, which are used for different heat-producing components of a vehicle. The materials used in the fabrication of heat shields are aluminum, nylon fibers, and ceramics. These materials need to be lightweight and multifunctional to meet the high demand from OEMs.The exhaust system heat shield is projected to be the largest heat shield application in 2020.The exhaust system heat shield retains the heat in the exhaust system of the vehicle and acts as a thermal barrier for exhaust components. Exhaust system heat shields are used in the muffler, exhaust manifolds, catalytic convertor, and exhaust downpipe. These heat shields can reduce 70% of the heat radiating from the exhaust system. A majority of vehicles are equipped with exhaust system heat shields to reduce the amount of heat radiated by the exhaust system and to protect the other parts of a vehicle.The acoustic segment is estimated to be the largest automotive heat shield market, by function.Acoustic heat shields eliminate the noise and sound in the engine compartment, transmission tunnel, and bulkhead. In addition, these are thermos-formable and offer lower emissions. These are made of absorber materials that are generally among high-expansion foam, polyester fiber, glass fiber, Rockwool, cotton, and metal cover or foil. For example, Dana Incorporated's Victor Reinz is a thermal acoustic protective shielding. It protects vehicle components from engine exhaust heat and insulates exhaust components. This increases efficiency, fuel utilization, and vehicle performance.Acoustic heat shields for the underbody are considered an integral component of the underbody system and provide high thermal performance solutions. It even contributes to an improvement of the underbody aerodynamics. It also provides effective protection against high-frequency sounds by combining them with a sound absorber. These benefits will drive the acoustic heat shield market.Europe is projected to be the second-largest automotive heat shield market during the forecast period.The growth of the automotive heat shield market in Europe can be attributed to technological advancements carried out in the industry, such as high mobility logistic trucks for their enhanced capabilities. Europe has stringent emission regulations to tackle rising emission levels. According to experts, stringent emission regulations in Europe would be a major challenge for both passenger car and commercial vehicle manufacturers in 2020.Key Topics Covered1 IntroductionFor more information about this report visit https://www.researchandmarkets.com/r/q77btqResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900



August 27, 2020 at 09:43PM
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Global Automotive Heat Shield Industry, Forecast to 2025 - GlobeNewswire

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