LONDON, Aug. 1, 2016 /PRNewswire/ -- "The heat shield market is projected to reach USD 4.19 billion by 2021"
The market size of heat shield is projected to reach USD 4.19 billion by 2021 and is projected to register a CAGR of 5.06% between 2016 and 2021. The growing demand from the end-use industries such as automotive, aircraft, and defense is expected to drive the demand for heat shield. Increasing automotive and aircraft production and rising concern towards safety and security, especially in the exhaust system of automotive and aircrafts, are the major factors boosting the heat shield market.
"Automotive industry is expected to witness the highest growth rate during the forecast period"
The automotive industry is expected to witness the highest growth rate between 2016 and 2021. The demand for heat shields in this industry is estimated to rise, especially due to the rise in the demand for passenger cars in the emerging economies such as India, China, and Brazil. The market is also expected to grow due to rising safety concerns in the exhaust system of automotive. Rising demands for luxury cars which require more heat shield protection due to large number of comfort and high-end features is further expected to boost the heat shield market.
"Asia-Pacific is projected to be the fastest-growing market during the forecast period"
Asia-Pacific is estimated to be the fastest-growing heat shield market, in terms of value. Increasing middle class population, rise in the automotive manufacturing activities in the region, and the presence of key heat shield manufacturers in the region are the major factors boosting the heat shield market in the region.
Break-up of profiles by the primary participants for the report
- By Company Type – Tier 1–37%, Tier 2–50%, and Tier 3–13%
- By Designation – C Level–50%, Director Level–31%, and Others–19%
- By Region – North America–28%, Western Europe–24%, Central Europe–17%, Asia-Pacific–14%, the Middle East & Africa–10%, and Latin America–7%
The report includes company profiles of key players and recent activities undertaken in the market such as new product launches, expansions, and R&D. Some of the major companies profiled in this report are Morgan Advanced Materials (U.K.), Dana Holding Corporation (U.S.), Federal Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Elringklinger AG (Germany), Progress-Werk Oberkirch AG (Germany), UGN Inc. (U.S.), ThermoTec Automotive (U.S.), and Zircotec (U.K).
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- Porter's Five Forces Analysis
- Value Chain Analysis
- Market Segmentation (Type, Application, and Region) by Volume and Value
- Competitor Analysis
Detailed Information on Strategic Developments in the Industry
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