According to recent study titled ‘Automotive Heatshield Market Size By Vehicle (Passenger Cars, LCV, HCV), By Material, By Application, By Sales Channel, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global automotive heatshield market is expected to register a healthy growth rate through 2026.
 

Proliferating passenger vehicles sales, subsequent rise in automotive production, in consort with escalating demand for lightweight parts to improve fuel economy, and growing presence of automakers, especially in emerging economies like India and China are driving global automotive heatshield market growth.
 

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For those unfamiliar, heatshields safeguard structures by absorbing excessive heat. High thermal emittance and resistance of the product reflects and releases heat away from itself. Owing to their easy installation and cost-effectiveness, heatshields have capitalized as one of the most widely used components in heat management system. Besides, technological advancements are further enhancing global automotive heatshield industry outlook.
 

Based on vehicle type, HCV segment of global automotive heatshield market is predicted to register a yearly growth rate of 5% during the analysis period, attributable to rise in logistics and construction activities in Asia Pacific and Latin America.
 

Considering material type, stainless steel segment is anticipated to secure 25% of global automotive heatshield market share by the end of the forecast timeframe. Favorable characteristics like corrosion resistance, high-thermal insulation, strong mechanical properties, and exceptional thermal performance with ease of molding are fueling the demand for stainless steel in heatshield manufacturing.
 

Speaking of application spectrum, global automotive heatshield market size from turbocharger segment is projected to record a CAGR of 3.5% over the forecast period, driven by increasing adoption of turbocharger technology, mainly in gasoline vehicles and race cars for increasing air ratio to enhance the overall performance.
 

On the geographical front, Middle East & Africa automotive heatshield industry is expected to witness a sluggish growth over 2020-2026, due to logistical complications and high dependance on raw material supply from Asian countries like India and China. However, increasing automotive production and rise in yearly vehicles sales throughout the region will augment the demand for automotive heatshield in the aftermarket.  
 

Some of the renowned names in worldwide automotive heatshield market sphere are Zircotec Ltd., ElringKlinger AG, Lydall Inc., Morgan Advanced Material plc, Autoneum Holding AG, Tenneco Inc., Estamp Int, Frenzelit GmbH, DuPont Inc., RGBSI, and Dana Inc.