Market Synopsis
An engine compartment, turbocharger and exhaust system are attached closely which generates excessive heat. Thus automotive shielding is used to lower the temperature of underbody engine and reduces the heat in engine compartment. The importance of heat management system in automobiles is increasing due to use of temperature sensing components in automobiles which requires heat shielding. The massive growing sales of premium vehicles will boost the demand for heat shielding system with increased number of application such as adaptive cruise control, forward collision warning in running the vehicle. Increase in GDP and growing purchasing power of the customers will enhance the growth of the market. Increasing use of customized heat shield products depending upon the size and shape of the parts increases the demand for the market. Moreover, the growth of the market is challenged by the high price of the raw materials. The increase trend for customized heat shields with other components increases the growth of the market.
The prominent players in the Automotive Shielding Market are-
PLC (UK), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Dana Limited (US), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), and Schaffner Holding (Switzerland), Autoneum (Switzerland), Progress-WerkOberkirch AG (Germany)
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