Recovery in Economic Activities to Invigorate Demand in Automotive Heat Shield Market, Valuation to Surpass US$ 10.3 Bn by 2030: TMR

ALBANY, N.Y., Nov. 2, 2020 /PRNewswire/ -- Automakers seek high-performance heat management materials for maintaining the integrity of automotive component and improving the overall performance of vehicles. Focus on safety of automobiles has boosted the integration of emission control mechanisms and efficiency boosting devices such as catalytic converters, exhaust pipes, and turbochargers, thereby propelling the deployment of automotive heat shields.

The automotive heat shield market has made strides from the trend of discovery of novel heat management solutions for the automobile industry particularly for high-performance vehicles such as sports utility vehicles and multi-utility vehicles.

Vehicle manufacturers are keen on adopting automotive heat shields that combine heat management and are also high on aesthetics.

The global automotive heat shields market is expected to clock a CAGR of ~4% during 2020-2030. In the increasingly fragmented competitive landscape, assert analysts at TMR, prominent players in the self-adhesive heat shields should be relentlessly focused on offering novel materials to vehicle manufacturers. By 2030-end, the market is expected to surpass US$ 10.3 Bn.

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Key Findings of Automotive Heat Shield Market Report

• Of all the vehicle types, passenger vehicles held the major share in automotive heat shields market in 2019
• Of all the key types, rigid heat shield was the leading segment in 2019
• Asia Pacific held the dominant segment in 2019 in the global automotive heat shields market
• Globally, Europe also held a substantial share in the same year
• Rise in R&D activities by prominent tier-1 suppliers will help propel Europe market during forecast period

Explore 288 pages of top-notch research, incisive insights, and detailed country-level projections on Automotive Heat Shield Market (Type: Rigid Heat Shield and Flexible Heat Shield; Vehicle Type: Passenger Vehicle and Commercial Vehicle; and Application: Turbo Heat Shields, Thermal Sleeves, Exhaust Manifold & Header Wrap, Exhaust Manifold & Header Heat Shield, Catalytic Converter & Exhaust Pipe, Underbody Heat Shield, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/heat-shield-market.html 

Automotive Heat Shield Market: Key Driving Factors and Promising Avenues

• A large drive for the automotive heat shield market comes from the demand for heat management systems in several of the heat sources present in the automotive components.
• The demand for lightweight materials that can act as heat dissipation or sink to high-heat prone components, propelled the adoption of high-temperature automotive applications. Also, the demand for coatings that can enhance the aesthetic appeal of heat sinks has unlocked new revenue streams such as ceramics.
• Numerous new avenues in the market have come from constant advances in materials used. The heat sinks need to withstand harsh environmental condition vehicles are constantly exposed to.
• The advent of self-adhesive heat shields with pressure-sensitive adhesives has expanded the capitalization avenue for material suppliers in the automotive heat shield market.
• Proliferating in the use of turbochargers and superchargers in new generation of devices such as multi-utility vehicles and sports utility devices is bolstering the sales.
• Swelling number of passenger vehicles that need to meet regional regulations pertaining to emissions and carbon footprint are bolstering the expansion of the market.
• Professional racecars are emerging as a new avenue for the marketing of heat shield materials.
• The need for improving the safety and efficacy of automotive has bolstered the demand for heat management solutions among original equipment manufacturers.
• Efforts by governments to spur sales of vehicles through a favorable taxation policy in various countries has also boosted the outlook of the automotive heat shield market.

Analyze global automotive heat shield market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Automotive Heat Shield Market: Regional Assessment

Key Impediments to Automotive Heat Shield Market Stakeholders

Recent few months have put a snag in expansion in the automotive heat shield market due to economic activities coming to grinding halt in numerous key caused large disruption in automobile production activities and slowed down the consumer demand.

However, in recent weeks, as economic activity is picking up pace in key geographies, there is a gradual uptick in demand for automotive. Especially in European nations, China, and Japan, suppliers of heat shield materials will see rise in demand. Sales of vehicles are also expected to rise and reach pre-COVID era, thus painting an optimistic scenario in the coming months.

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The Automotive Heat Shield Market has been segmented as follows:

Automotive Heat Shield Market, by Vehicle Type

• Passenger Vehicle
• Hatchback
• Sedan
• Utility Vehicle
• Commercial Vehicle

Automotive Heat Shield Market, by Type

• Rigid Heat Shield
• Flexible Heat Shield

Automotive Heat Shield Market, by Application

• Turbo Heat Shield
• Thermal Sleeves
• Exhaust Manifold & Header Wrap
• Exhaust Manifold & Header Heat Shield
• Catalytic Converter & Exhaust Pipe
• Underbody Heat Shield
• Others

Automotive Heat Shield Market, by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa
• Latin America
• Brazil
• Mexico
• Rest of Latin America

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