Market for Aluminum Shields in the Automotive Sector Worth USD 984.9 Million in 2021 – Rise in Vehicle Production – Research and Markets
June 13, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Aluminum Heat Shield Market – Global Forecast To 2021” report to their offering.
The major factors which are driving the demand for aluminum heat shields are the rise in vehicle production, rise in military expenditure, and rising demand for luxury vehicles. The factors which act as restraints in the aluminum heat shield market are the availability of substitutes and the emergence of battery driven vehicles. Advancement in technology due to continuous R&D activities by the major OEMs is the major factors boosting the aluminum heat shield market.
An aluminum heat shield is a type of heat shield which is designed to shield a component from absorbing excessive heat either by dissipating, reflecting or simply absorbing the heat. Aluminum-based heat shields find applications in automotive and defense industries. In an automobile powered by an internal combustion engine, the exhaust system from the engine exhaust to the tailpipe is the biggest producer of heat after the engine itself. The surfaces of the parts that actually carry the exhaust gases can reach temperatures up to about 900°C. Since exhausts often pass near important (and thermally sensitive) components, it is especially important to protect the sensitive parts and modules from heat and also to prevent local overheating of the car body.
Asia-Pacific is the largest market for aluminum heat shield, followed by North America. Asia-Pacific accounted for 31.2% of the global aluminum heat shield market in 2015. The market in Western Europe is estimated to experience high growth with its market size estimated to grow from USD 130.6 million in 2016 to USD 165.8 million in 2021, at a CAGR of 4.9% during the forecast period.
Companies Mentioned:
- Autoneum Holdings Ag
- Dana Holding Corporation
- Elringklinger Ag
- Federal Mogul Holding Corporation
- Lydall Inc.
- Progress-Werk Oberkirch Ag
- Thermotec Automotive Products
- Zircotec Ltd
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Aluminum Heat Shield Market, By End-Use Industry
6 Aluminum Heat Shield Market, By Application
7 Aluminum Heat Shield Market, By Region
8 Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/3z9wwz/aluminum_heat
View source version on businesswire.com: http://www.businesswire.com/news/home/20160613006284/en/
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