August 05, 2021
According to the report titled ‘Automotive Engine Encapsulation Market Size By Product Type (Body Mounted, Engine Mounted), By Vehicle (Passenger Cars, Commercial Vehicle), By Material (Polypropylene, Polyurethane, Carbon Fiber) By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global automotive engine encapsulation market is expected to grow considerably during 2021-2027.
High demand for polyurethane material for properties like high chemical & thermal, surging automotive production, and rise in usage of body mounted engines are factors propelling the growth of automotive engine encapsulation market.
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For the unintended, engine encapsulation basically means to encapsulate the engine, in turn acting as a thermal absorber. These encapsulations are made using PP foams.
Stringent rules to curb carbon emissions from engines, and the demand for cost effective and lightweight engine encapsulations are also contributing to the market growth. On the contrary, high cost of thermal engine encapsulation system is restraining the growth of the industry expansion.
By product type, the market is segmented into body mounted, and engine mounted. The body mounted segment is slated to witness a growth rate of 4% during the forecast period, owing to preference for better insulation in automobile, and strict rules in several regions to curb carbon emissions.
Based on material terrain, automotive engine encapsulation market is bifurcated into polypropylene, polyurethane, and carbon fiber. Out of these, polyurethane segment is anticipated to capture 30% market share by 2027, due to the material being less susceptible to weathering and microbiological attack. Also, polyurethane provides superior thermal performance with high-temperature insulation and easy molding.
With respect to vehicle type, the market is classified into commercial vehicles, and passenger cars. While different sales channels deployed are aftermarket, and OEM.
Moving on to regional terrain, MEA market is expected to showcase modest growth through 2027 owing to dependency for raw materials on countries like Germany and China. Surge in sales of luxury cars and increase in automotive production are likely to boost the market growth in the coming years.
The competitive landscape of worldwide automotive engine encapsulation market is defined by companies like Autoneum Holding AG, Woco Industrietechnik GmbH, SA Automotive, ElringKlinger AG, Unitex India Pvt. Ltd., BASF SE, Greiner AG, Charlotte Baur Formschaumtechnik GmbH, Trocellen Automotive, Röchling Group, Borgers SE & Co. KGaA, Continental AG, UFP Technologies Inc., Adler Pelzer Holding GmbH, and DBW Advanced Fiber Technologies GmbH.