Report Overview

The global market for automotive heat shields was valued at USD 12.79 billion in 2021. This market is expected to reach USD 21.42 billion growing at a CAGR of 4.8%, between 2023 and 2032. Market growth is expected to be driven by increasing product utilization in the manufacturing of electric cars, lightweight products, fuel-efficient passenger cars, as well as commercial vehicles.

The heat shield is an essential part of dissipating excess heat from a vehicle. It protects sensitive components and maintains optimal thermal comfort within the vehicle. This product can also increase the engine’s power output by regulating the temperature under the bonnet and lowering intake air temperatures. This market report provides a detailed analysis of the Automotive Heat Shield market size, share, growth, key trends, competitive landscape, future trends, and other major factors.

Global Automotive Heat Shield Market Analysis

Product Type Analysis

In terms of ‘Product Type’, the ‘Single Shell’ heat shield segment dominated this market, accounting for more than 60.4% of total revenues in 2021. A single shell heat shield is made of aluminum foil, with a thickness between 0.3 and 1.0mm. This heat shield is extremely effective against low-temperature heat sources. Their greater space requirements are expected to limit their widespread adoption over the forecast period.

‘Double Shell’ heat shields are typically made of two aluminum sheets, with a thickness of between 0.3 and 1.0mm. These products are very lightweight and can withstand low to moderate temperatures. They are used primarily in the heat management of turbochargers and catalytic converters.

Sandwich products can be used to protect against extremely high temperatures. Because of its superior heat management and smaller space requirements, this product is popularly used in high-performance racing cars. It is also used as an insulation (Heat Insulation) mat in electric vehicles to protect battery packs.

Over the forecast period, the ‘Double Shell’ segment is projected to register significant growth. These products are used in heat management applications under the bonnet to control engine temperatures and to maintain overall vehicle performance.

Application Analysis

On the basis of ‘Application’, the ‘Engine Compartment’ segment accounted for more than 32.6% of total revenues in 2021. To protect the engine compartment from high temperatures, heat shields are widely used. The engine is the most critical component in an automobile assembly.

Incorrect heat management can lead to engine failure and decrease the life expectancy of an engine. To curb surging environmental damage, governments around the world are imposing stringent emission norms on automobiles.

Heat management is a key factor in improving the performance, fuel economy, and service life of a vehicle’s engine assembly. Technological advancement in manufacturing has allowed for the automotive production of heat shields that are space-saving. In the future, there will be a growing demand for fuel-efficient cars.

Material Analysis

With respect to ‘Material’, this market’s largest segment, the metallic segment, accounting for over 80.2% of total revenues in 2021. The main driver of this segment was its wide-ranging product adoption in different types of vehicles. Moreover, they are also expected to be popular due to their moldability, durability, and superior conductivity.

Metallic heat shields are composed mostly of aluminum, stainless steel, or other metals with high conductivity. Due to their superior lightness, conductivity, and durability, the growing demand for metallic alloys continues to increase.

The ‘Non-Metallic’ segment is projected to index the fastest CAGR of 5.1% over the forecast period. This segment is expected to grow due to its key attributes, such as flame resistance, superior heat dissipation, and durability. Non-metallic heat seals are being increasingly adopted in under-bonnet and high-temperature-hose applications.

Vehicle Type Analysis

With regards to ‘Vehicle Type’, the ‘Passenger Cars’ segment accounted for over 72.2% of global revenues in 2021. Product demand was driven by a growing demand for passenger cars in the Asia Pacific, the Middle East, and Africa.

Over the forecast period, the ‘Light Commercial Vehicles’ (LCVs) segment is expected to grow at a 4.5% CAGR. The primary driver of this segment is likely to be the growing demand for LCVs such as pickup trucks and delivery vans from e-Commerce and logistic companies looking to improve their last-mile delivery services.

In 2021, the ‘Electric Vehicle’ segment accounted for 5.2% of overall revenues. An electric vehicle assembly is incomplete without heat shield materials. These materials play an important role in increasing vehicle range and prolonging battery life. They dissipate and control the heat generated by lithium-ion batteries.

Key Market Segments

By Product

• Single Shell
• Double Shell
• Sandwich

By Application

• Exhaust System
• Turbocharger
• Under Chassis
• Under Bonnet
• Engine Compartment

By Material

• Metallic
• Non-Metallic

By Vehicle

• Passenger Car
• Electric Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Market Dynamics

Vehicle performance may be significantly impacted by excessive heat generation or poor heat management. An engine that is heats-up beyond a threshold can result in an immediate decrease in power and potential spark plug failures. It is therefore important to use effective heat shields that are effective in maintaining optimal vehicle temperatures, promoting fuel efficiency, and lowering overall vehicle temperatures.

The heat generated by lithium-ion battery-operated electric cars is significant. The battery’s life expectancy and range will be greatly affected by a poor heat management system. There is anticipated to be an exponential increase in the demand for electric vehicles over the next decade.

Furthermore, advanced technology in the incorporation of turbochargers or superchargers within spark ignition engines and compression ignition engines will boost the future growth of the heat shield market share.

A rise in per-capita disposable income and improvement in living standards is causing an increase in demand for passenger vehicles across the Asia Pacific and the Middle East and Africa which is driving consumer demand.

Also, with the increasing technological innovations in the automobile sector, the number of heat shields in a car has significantly increased from the manifold down to the spark plug.

Most heat shields are made of lightweight metals like aluminum. Bauxite ore that is mined from the Earth’s surface yields aluminum. The implementation of different mining control regulations around the globe has led to volatility in global aluminum prices.

Technological advances that have been made, like the integration of turbochargers or superchargers within spark ignition engines and compression ignition engines, will boost the future growth of the market for heat shields.

Regional Analysis

The Asia Pacific was the dominant regional market, accounting for nearly 38.9% of total revenues in 2021. LCVs and HCVs are in high demand as the region provide efficient logistical services to its expanding industrial sector. The rapid growth of e-Commerce has created a significant demand for commercial vehicles and thereby increased the demand for automotive heat shields.

A main driver of regional demand was the growing demand for lighter and more fuel-efficient vehicles. Market growth is expected to be boosted by the development of the automotive industry and the increasing adoption of electric cars.

Key Regions and Countries Covered in This Rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of Middle East & Africa

Market Share & Key Players Analysis:

In response to the increasing demand for lightweight parts from automobile manufacturers, key industry players are working hard on developing more efficient, lightweight heat shield materials. To increase product durability, flame resistance, and longevity, these companies are adopting new materials such as meta-aramid and metal composites.

Major players like DuPont and Zircotech are working with major automotive manufacturers to create heat shield materials that cater to their needs. Listed below are some of the most prominent players in the global automotive heat shield market:

Кеу Маrkеt Рlауеrѕ:

• DuPont
• Dana Incorporated
• Zircotec
• Morgan Advanced Materials
• Autoneum
• ElringKlinger AG
• Lydall Inc.
• Tenneco Inc.
• Carcoustics
• UGN Inc.
• Happich Gmbh
• NICHIAS Corporation
• Federal-Mogul Corporation
• Other Key Players

These are the market players in this industry.