Automotive Heat Shield Market Research Forecast 2020 to 2026! Know Why You Really Need it?

The flourishing automotive industry and growing sales of automotive vehicles are factors expected to favor the growth of the automotive heat shield market, says Fortune Business Insights in a report, titled “Automotive Heat Shield Market Size, Share & Industry Analysis, By Type (Header & Exhaust Type, Thermal & Heat Shield Sleeving, Turbo Heat Shields, Exhaust Heat Shield Insulation, Spark Plug Boot Heat Shields), By Vehicle Type (Passenger car, Light-Duty Commercial vehicle, Heavy-Duty Commercial Vehicle), By Material Type (Metallic, Non-metallic) and Regional Forecast, 2019-2026” the growing safety concerns regarding road accidents is a crucial factor predicted to bolster the healthy growth of the market.

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List of the Major Companies in the Global Automotive Heat Shield Market Include:

Elkringklinger AG (Germany)
Federal-Mogul LLC (U.S)
Lydall, Inc. (U.S)
Inc. (U.S)
Heatshield Products, Inc. (U.S)
HAPPICH GmbH(Germany)
Autoneum (Switerzland)
Dana Limited (U.S)
Morgan Advanced Materials (U.K)
The automotive heat shield market report executes a PESTEL study and SWOT analysis to reveal the stability, restrictions, openings, and threats in the market. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and merchandise segments. Moreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems. Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers.

Acquisition of Gasket Materials by Lydall Performance to Augment Market Growth

Lydall, Inc., a leading manufacturer of filtration media and automotive thermal and acoustical barriers, announced that it acquired the gasket materials business from Hollingsworth & Vose Company (“H&V”) on April 1, 2019. The merger between the companies is predicted to aid in broadening the company’s portfolio and expand its global position, which, in turn, will uplift the automotive heat shield market share.

The Interface brand is an internationally known leader with a comprehensive portfolio of complete sealing solutions, deep in-house technical capabilities, and vertical integration. Furthermore, the President of Lydall Performance Materials said in a statement, “We are extremely excited about the acquisition of the gasket materials business from H&V. It coincides perfectly with our strategy of continuing to grow our market share in the sealing market with high-quality products.” He also added, “We look forward to serving the needs of existing and new customers as a result of this transaction, and we believe all will experience a seamless transition to Lydall Performance Materials.”

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In addition, the growing production of automotive around the world is predicted to spur growth opportunities for the market. The rising advancement in heat shielding technology is likely to bode well for the automotive heat shield market. Moreover, the growing number of partnerships and collaborations between companies is predicted to facilitate automotive heat shield growth.

Government Regulations Regarding Road Safety Foster Growth in Asia Pacific

Geographically, the market is categorized into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is expected to dominate the market during the forecast period owing to developing infrastructure. The rise in the sales of vehicles and government regulations for car safety to prevent accidents are factors predicted to aid the growth of the market during the forecast period.

North America is expected to grow rapidly during the forecast period owing to the advancement in heat shielding technologies in ceramic materials for heat shield components. Europe is expected to witness high growth during the forecast period due to the rising demand for luxury and high-end cars with fuel-efficient capacity and standard emission norms in the region. These factors together are expected to spur new opportunities for the market.

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