Heat Shield Market 2018 To 2023 Analysis: Global Size, Major Players, Trends - Morgan Advanced Materials, Dana, Federal Mogul, Autoneum, Lydall, Elringklinger, ThermoTec, And Zircotec

Heat Shield Market Prognosticated to Escalate with a Staggering CAGR by forecast period of 2018 to 2023. Market Research Future published a research report on “Global Heat Shield Market” which provides comprehensive information on Heat Shield Industry Size, Scope, Stake, Progress, Trends and Regional Forecast to 2023.

Heat Shield Market Key Players Analyzed In Report Are:

Morgan Advanced Materials, Dana Holding Corporation, Federal Mogul Holding Corporation, Autoneum Holdings AG, Lydall Inc., Elringklinger AG, Progress-Werk Oberkirch AG, UGN Inc., ThermoTec Automotive, Zircotec, and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global heat shield market.

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Heat Shield Market Overview:

The global heat shield market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of heat shield will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).  

Heat shields are commonly used to protect parts of a device from heat generated by its energy source. Rapid growth in the automotive industry with the growing number of temperature sensitive components in the modern vehicle resulted in increasing demand in the heat shield market. Moreover, the growing demand for a heat shield that satisfies the demand for luxury vehicles. The expansion of luxury vehicles and as well as it is expected to add to the growth of the market. However, the fluctuating cost of raw materials acts as a barrier to the growth of the heat shield market.

The increasing military expenses directly have an impact on the market. Moreover, the factor responsible for the growth of heat shield market is minimal cooling air flow, tightly packed components, and others resulted in high temperature in the engine compartment and across the exhaust system. This is the primary factor that drives the growth of the heat shield market and has gained prevalence in the recent times, with the usage of best in class technologies in aircraft. Rising the safety concern among the consumers is also fuelling the growth of heat shield market. Thus, the growth of the heat shield market is expected to go hand in hand with the growth of luxury vehicles in the market.

The increasing demand of fuel efficient vehicle, which has resulted in the development of a set of heat shield market. The increased focus of manufacturers on technological advancements of luxury vehicles will lead to an increase in the use of heat shield, due to which there will be growth in heat shield market. The growing population in countries such as China and India and the rising demand for luxury vehicles would result in increased heat shield market in the forthcoming years. Hence, it is expected that the rapid fleet expansion would eventually drive the heat shield market. Moreover, the rising vehicle production volume and the growing trend of engine downsizing, will drive the growth of heat shield market during the forecast period.

Industry/ Innovation/ Related News:

September, 2014 – Federal-Mogul acquired the TRW engine valve business for long-term development of Powertrain division.

June, 2014 – Morgan Advanced Materials acquired Porextherm Dammstoffee GmbH to strengthen the growth of Morgan Advanced materials.

Heat Shield Market Segmentation:

The global heat shield market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Material: Comprises Metallic and Non-metallic
Segmentation by Product: Comprises Exhaust Heat Shield Insulation, Turbo Heat Shield, Spark Plug Boot Heat Shield, Thermal & Heat Shield Sleeving, Fire Arm Heat Shield and Others.
Segmentation by End User: Comprises Automotive, Defence, Aircraft and Others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Heat Shield Market: Regional Analysis

Asia-Pacific region market is dominating the market of heat shield market due to increasing rate of industrialisation & urbanisation with increasing demand of commercial as well as passenger vehicles. The market in the developed countries is largely driven by increasing the demand of luxury vehicles which helps in growth of heat shield market.

North America region is referred to as the second-largest heat shield market due to factors such as increase demand for automobiles as well as significant growth in defense and aircraft sector have fuelled the demand for heat shield market.

List of Tables:

TABLE 1 GLOBAL HYBRID POWER SOLUTION MARKET, BY PRODUCT

TABLE 2 GLOBAL HYBRID POWER SOLUTION MARKET, BY END USER

TABLE 3 GLOBAL HYBRID POWER SOLUTION MARKET, BY REGIONS

TABLE 4 NORTH AMERICA HYBRID POWER SOLUTION MARKET, BY COUNTRY

TABLE 5 NORTH AMERICA HYBRID POWER SOLUTION MARKET, BY PRODUCT

TABLE 6 NORTH AMERICA HYBRID POWER SOLUTION MARKET, BY END USER

TABLE 7 U.S. HYBRID POWER SOLUTION MARKET, BY PRODUCT

TABLE 8 U.S. HYBRID POWER SOLUTION MARKET, BY END USER

TABLE 9 CANADA HYBRID POWER SOLUTION MARKET, BY PRODUCT

TABLE 10 CANADA HYBRID POWER SOLUTION MARKET, BY END USER

TABLE 11 EUROPE HYBRID POWER SOLUTION MARKET, BY COUNTRY

TABLE 12 EUROPE HYBRID POWER SOLUTION MARKET, BY PRODUCT

TABLE 13 EUROPE HYBRID POWER SOLUTION MARKET, BY END USER

TABLE 14 GERMANY HYBRID POWER SOLUTION MARKET, BY PRODUCT

Continued…

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