Passenger Cars Estimated to be the Largest Segment for Heat Shield in Automotive Industry

The report “Heat Shield Market by End-Use Industry (Automotive, Aircraft & Defense (Firearm)) and Material Type (Aluminum, Metallic, Non-Metallic) – Global Trends & Forecasts to 2021″, The global market size of heat shield was USD 3.14 Billion in 2015 and is projected to reach USD 4.19 Billion by 2021, at a CAGR of 5.06% between 2016 and 2021. Rise in automotive and aircraft production, and rising concern towards safety in the end-use industries are the major factors driving the heat shield market.

Browse 85 market data Tables and 46 Figures spread through 123 Pages and in-depth TOC on “Heat Shield Market by End-Use Industry (Automotive, Aircraft & Defense (Firearm)) and Material Type (Aluminum, Metallic, Non-Metallic) – Global Trends & Forecasts to 2021”

https://www.marketsandmarkets.com/Market-Reports/heat-shield-market-12217042.html

Automotive industry end-use industry captures the largest share of the heat shield market

The heat shield market is segmented based on end-use industry into automotive, aircraft, and defense (firearms). Automotive heat shield captured the maximum share of the overall heat shield market in 2015 and is projected to witness high growth rate during the forecast period. This is due to the rising living standards and rising demand for automotive in the developing countries.

By material type, non-metallic heat shield captures the largest share of the heat shield market

Heat shields are segmented as metallic and non-metallic based on the material type. Non-metallic heat shield is the most commonly used heat shield material mainly due to rising use of composites and related materials in the manufacturing of heat shields. In addition, the non-metallic heat shields are lighter in weight and have high temperature resisting capacity, which accounts for their higher market share.

Asia-Pacific is the largest heat shield market

The heat shield market is broadly segmented into six regions, namely, Asia-Pacific, North America, Western Europe, Central & Eastern Europe, South America, and the Middle East & Africa. Asia-Pacific is the largest heat shield market, followed by North America and Western Europe, in terms of value. The rising consumption of passenger cars, especially in the developing economies, and increased safety and security requirements in the exhaust system of automotive and aircrafts are some of the major factors boosting the heat shield market.

Currently, various market players such as 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.) dominate the global heat shield market.

Target Audience:

  • Heat shield manufacturers
  • Heat shield dealers
  • Heat shield suppliers
  • End users
  • Raw material suppliers and others.

Market Segmentation, by Material Type:

The heat shield market has been segmented based on material type:

  • Aluminum heat shield

Market Segmentation, by End-Use Industry:

The heat shield market has been segmented based on application:

  • Passenger cars
  • Light commercial vehicles
  • Heavy trucks
  • Buses & coaches
  • Piston engine aircraft
  • Turbine engine aircrafts

Market Segmentation, by Region:

The regional analysis covers:

  • Asia-Pacific
  • North America
  • Western Europe
  • Central & Eastern Europe
  • South America
  • Middle East & Africa

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