PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1712825
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1712825
The automotive heat shield market is projected to grow from USD 12.14 billion in 2025 to USD 12.68 billion by 2032 at a CAGR of 0.6%.
Scope of the Report | |
---|---|
Years Considered for the Study | 2021-2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Units Considered | Volume (Units) and Value (USD Million) |
Segments | Type, Application, Function, Material Type, Vehicle Type, Electric Vehicle Type, and Region |
Regions covered | Asia, North America, Europe, and Rest of the World |
The demand for heat shield materials is shifting toward options that are lightweight, low in density, and capable of withstanding high temperatures. The increasing use of turbochargers in ICE vehicles is driving the need for heat shields to effectively manage high temperatures and improve engine efficiency. Additionally, the rise in plug-in hybrid electric vehicles is expected to further increase the demand for heat shields, as they are essential for protecting both engine and electric components. Enhanced heat shield insulation for better thermal resistance and fuel efficiency standards propel market growth.
"Non-metallic heat shields are pegged to grow at a higher rate in the automotive heat shield market during the forecast period."
Non-metallic heat shields are projected to grow at a higher rate in the automotive heat shield market during the forecast period. Made from composite materials, ceramic fibers, and other insulating materials, these heat shields provide effective thermal protection while being lighter than metallic alternatives. These heat shields are commonly used in various applications, including engine compartments, electronic boxes, ECUs, batteries, and firewalls under the bonnet. They are also applied to under-chassis components like transmission tunnels, gearboxes, and turbocharger systems, including intake manifolds and air intake areas. The rising demand for lightweight and fuel-efficient vehicles drives the growth of the automotive non-metallic heat shield market. Companies such as Kokusan Parts Industry Co., Ltd. (Japan), Carcoustics (Germany), Anhui Parker New Material Co., Ltd. (China), ElringKlinger AG (Germany), Tenneco Inc. (US), and Alkegen (US), among others, provide non-metallic heat shields tailored for various automotive applications.
"The acoustic heat shield segment is projected to be the larger segment in the market during the forecast period."
Acoustic heat shields are estimated to account for the largest market share in the automotive heat shield market due to their dual functionality of thermal insulation and noise reduction. As modern vehicles increasingly focus on passenger comfort and regulatory compliance, manufacturers integrate acoustic heat shields to minimize engine and exhaust noise while effectively managing heat dissipation. The growing adoption of lightweight and multi-layered heat shields in internal combustion engine vehicles, hybrids, and electric vehicles further boosts demand. Vehicle models such as the Ford Mustang, General Motors' Chevrolet Corvette, and Daimler's Mercedes-Benz G-Class incorporate thermal acoustical protective shields (TAPS). Additionally, advancements in composite materials and manufacturing technologies enhance their efficiency, making them the preferred choice for automakers globally.
"Europe is projected to account for a significant market share in the automotive heat shield market during the forecast period."
Europe is expected to have a significant market share in the automotive heat shield market during the forecast period. The European automotive heat shield market is primarily driven by stringent environmental regulations that mandate cleaner and more sustainable automobiles. This has increased demand for advanced heat shield materials and lightweight thermal insulation solutions to improve fuel efficiency and reduce emissions. The increasing emphasis on fuel efficiency and thermal management has also raised the demand for high-performance heat shields, which help minimize energy losses in vehicle systems by effectively managing heat dissipation. Additionally, the region's transition toward EVs is accelerating demand for specialized heat shields designed to address the unique thermal challenges of EV powertrains, such as battery temperature regulation, motor cooling, and protection of electrical components from excessive heat. ElringKlinger AG (Germany), Autoneum (Switzerland), Carcoustics (Germany), Adler Pelzer Holding GmbH (Germany), and Zircotec (UK), among others, are some of the leading automotive heat shield manufacturers in the region.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
The automotive heat shield market is dominated by major players, including Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), Alkegen (US), Sanwa Packing Industry Co., Ltd. (Japan), Technol Eight Group (Japan), Thai Summit Group (Thailand), Kokusan Parts Industry Co., Ltd. (Japan), Carcoustics (Germany), Aspen Aerogels, Inc. (US), Futaba Industrial Co., Ltd. (Japan), DuPont (US), Zircotec (UK) and Morgan Advanced Materials (UK) These companies are developing products tailored to specific applications, incorporating new features, and using innovative materials.
Study Coverage
The report covers the automotive heat shield market in terms of Application (Exhaust system heat shield, Turbocharger heat shield, Under bonnet heat shield, Engine compartment heat shield, and Under chassis heat shield), Product (Single Shell, Double Shell, Sandwich), Function (Acoustic, Non-Acoustic), Material type (Metallic and non-metallic), Vehicle Type, Electrical Vehicle Type, and Region. It covers the competitive landscape and company profiles of the major automotive heat shield market ecosystem players.
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.