Asia Pacific Automotive Heat Shield Market to reach $1.3 bn by 2026

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Asia Pacific Automotive Heat Shield Market to
reach 1.3 bn by 2026 Graphical Research
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Asia Pacific Automotive Heat Shield Market Size
is estimated to cross USD 1.3 billion by 2026. A
substantial amount of heat released by cars
containing internal combustion engines and a
rising need to prevent radiant heat damages to
vehicles are expected to propel the APAC
automotive heatshield market size. The growing
acceptance of catalytic converters powerful
engines and an increasing trend toward the
adoption of electric vehicles are significantly
contributing to the application of heatshields in
automobiles. Increasing restrictions imposed by
government authorities in the region are further
pushing manufacturers to develop vehicles with
controlled emissions and noise reduction.
However, automotive heat shields tend to increase
the overall vehicle weight, which has negative
impacts on vehicle performance. Therefore,
manufacturers are shifting their focus toward the
development of high-performance and lightweight
heat shield products, which is likely to improve
fuel efficiency and reduce the temperature of the
intake air. These key trends indicate a positive
outlook for the APAC automotive heatshield market
growth. Moreover, the market is anticipated to
witness a significant growth in Asia Pacific
during the forecast period. Asia Pacific is a
major vehicle market and in 2019 held almost 48
of the global sales. Alarming air quality in the
region coupled with alleviated vehicle sales has
been pushing concerned authorities to regulate
vehicle emissions. Air quality is a critical
issue in many APAC countries however, China and
India are the major contributors. Therefore, the
rising focus of authorities to mitigate vehicle
emissions has directed automotive manufacturers
to take lightweight components into application.
This also improves the inclusive fuel efficiency
of automobiles. For instance, in 2016, the Indian
Ministry of Road Transport and Highways (MoRTH)
issued a notification of BS-VI emission standards
for all major lightweight vehicle categories. The
new regulation aims to alleviate around 25 of
NOx emissions from on-road vehicles.
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The LCV segment is anticipated to witness over
4.5 CAGR in the APAC automotive heatshield
market. The growth will be majorly attributable
to the nations that have the most vehicle
production facilities including India and China,
among others.   As electric vehicles continue to
adopt more powerful batteries, industry
participants are focusing on the advancement of a
new technological approach to keep battery cells
cool. One of those safety components includes a
low-weight silicone rubber heat shield meant for
the lithium battery system. APAC is one of the
major adopters of electric vehicles with China
being the major adopter. At the end of 2019,
almost half of the electric vehicles were in
China. India and Thailand are also accelerating
toward e-mobility as the government targets 30
of the total production to be EVs by 2030.
Therefore, the increasing adoption of electric
vehicles across the region is expected to
stimulate the APAC automotive heatshield market
growth.   Prominent manufacturers involved in the
APAC automotive heatshield market include Estamp
S.A.U., QUSA Thermal, Inc., Dana Limited,
iSoKlick Holding GmbH, Datsons Engineering Works
Pvt. Ltd., Niranjan Auto Components Pvt. Ltd.,
Talbros Automotive Components Ltd., Victor Reinz
India Pvt. Ltd., Boyd Corporation, Vandapac Co.,
Ltd., Rieter, and Elcon Group, among others.
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Segmentation of Asia Pacific Automotive Heat
Shield Market APAC Automotive Heatshield
Market, By Vehicle Type PCV LCV Automotive
Heatshield Market, By Material Type Aluminum Alumi
nized Steel APAC Automotive Heatshield Market,
By Application Engine Underbody Heatshield The
above information is provided on a country basis
for the following Asia Pacific China India Japan
South Korea Malaysia Rest of Asia Pacific  
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