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Global Automotive Heat Shield Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Automotive Heat Shield Market value is expected to reach $17.82 billion growing at a CAGR of 5.4% during 2022-2028.Automotive heat shields are used to limit the spread of heat from excessively hot components that can cause vehicle damage. The heat shields are determined by the design, weight, material, and structure of the vehicle's components. Furthermore, the heat shields are built to fit the various shapes and sizes of the component, which vary according on the vehicle model. The engine generates a large quantity of heat and requires a precise temperature to function properly, and the shield protects the components by absorbing or deflecting the heat.
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By geography, North America is projected to have the highest CAGR over the forecast period, the key factor driving regional demand was the increased desire for lightweight and fuel-efficient vehicles. Heat shield advancements with advances in ceramic materials for heat shield components will accelerate the expansion of this sector over the forecast period. Furthermore, the presence of a well-developed automotive industry, combined with increased use of electric vehicles, is likely to drive market expansion throughout the projection period.
Some of the key players profiled in the Automotive Heat Shield Market include ElringKlinger AG, Autoneum, Röchling, NICHIAS Corporation, Shiloh Industries, The Narmco Group, UGN Inc., Carcoustics, Lydall Inc., Morgan Advanced Materials, Zircotec, Dana Incorporated, DuPont, Tenneco Inc. and HKO Group.
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Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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