The Report “Aluminum Heat Shield Market By End-Use Industry (Automotive & Defense) and By Application (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches, and Firearms) - Global Forecast to 2021” is estimated to reach $1.02 billion by 2021, growing at a CAGR of 4.5% from 2016 to 2021.
Browse through the TOC of the Global Aluminum Heat Shield Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Automotive industry is expected to lead the global aluminum heat shield market by 2021
The automotive industry is one of the largest consumers of aluminum-based heat shields. Aluminum-based heat shields are mainly used in exhaust systems, especially in automobiles to protect the vehicle body and components from heat generated by the engine. Increased vehicle production in the automotive industry is also driving the growth of the global aluminum heat shield market in this segment. Apart from the automotive industry, defense is another end-use industry propelling the demand of aluminum heat shields.
Asia-Pacific is projected to lead the global aluminum heat shield market by 2021
In 2015, the Asia-Pacific region accounted for the largest share of the global aluminum heat shield market, followed by North America. This market in Asia-Pacific and Middle East & Africa is further expected to witness high growth, owing to the increased production of passenger cars and light commercial vehicles in these regions.
Key players in the global aluminum heat shield market include Dana Holding Corporation (U.S.), Federal-Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), ElringKlinger AG (U.S.), Progress-Werk Oberkirch AG (Germany), Thermo-Tec Automotive Products (U.S.), and Zircotec Ltd. (U.K.), among others.
The report focuses on the current market trends, estimates, and forecasts of the global aluminum heat shield market during the forecast period. Key strategic activities in the market including mergers/acquisitions, collaborations/partnerships, and product launches/developments have been covered in this report, which offer worthy insights about the growth perspectives of this market. New product developments and expansions are essential growth strategies adopted by key players in this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technological modifications of aluminum heat shields to match their increased demand from various end-use industries. The aluminum heat shield market has been segmented on the basis of end-use industry (automotive, defense), application (passenger cars, light commercial vehicles, heavy trucks, buses & coaches, firearms), and region.
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