NEW YORK, Sept. 7, 2016 /PRNewswire/ -- Aluminum heat shield market projected to reach USD 1.02 billion by 2021
The global aluminum heat shield market is projected to reach USD 1.02 billion by 2021, at a CAGR of 4.5% from 2016 to 2021. Increasing vehicle production across the globe is one of the factors driving the growth of the aluminum heat shield market. Rising concern towards safety in automotive and firearms is another factor that has increased the demand for aluminum heat shield products.
Automotive industry is projected to hold the highest market share till 2021
Automotive industry is projected to hold the largest market share for aluminum heat shields with aluminum heat shields use in passenger cars, heavy trucks, and light commercial vehicles. Aluminum-based heat shields are mainly used in exhaust systems in automobiles to protect the vehicle body and components from the heat generated by the engine.
Asia-Pacific region is projected to retain its largest market share in aluminum heat shield market by 2021
The aluminum heat shield market in Asia-Pacific is expected to register the highest CAGR between 2016 and 2021. The growth of the aluminum heat shield market in Asia-Pacific and Middle East & Africa regions is driven by the increasing demand of aluminum heat shield from the automotive industry. China is a major market in Asia-Pacific, followed by India and Japan.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:
- By Company Type: Tier 1 - 37%, Tier 2 - 50% and Tier 3 – 13%
- By Designation: C level – 50%, Director level - 31%, Others - 19%
- By Region: North America - 31%, Europe - 38%, APAC - 25%, RoW - 6%
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and regulations. It also discusses competitive strategies adopted by market players across different regions. The companies profiled in this report are Dana Holding Corporation (U.S.), Federal Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Elringklinger AG (U.S.), Progress-Werk Oberkirch AG (Germany), Thermotec Automotive Products (U.S.), and Zircotec Ltd (U.K.), among others.
Reasons to buy this report:
This report covers the following key aspects:
- The market size by 2021 and its growth rate
- Key market trends
- Factors driving this market
- Challenges that impact market growth
- Key players in this market
- Global report covers key regions such as North America, Central & Eastern Europe, Western Europe, Middle East & Africa, South America, and Asia-Pacific with their major countries
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