Heat Shield Market (Aluminum, Metallic, Non-Metallic) Seeing 5.06% CAGR to Reach $4.19Bn by 2021

The market size of heat shield is projected to reach USD 4.19 billion by 2021 and is projected to register a CAGR of 5.06% between 2016 and 2021 while by material type, non-metallic heat shield captures the largest share of the heat shield market.

Heat shields are segmented as metallic and non-metallic based on the material type. Non-metallic heat shield is the most commonly used heat shield material mainly due to rising use of composites and related materials in the manufacturing of heat shields. In addition, the non-metallic heat shields are lighter in weight and have high temperature resisting capacity, which accounts for their higher market share.

Complete report on global heat shield market spread across 123 pages, profiling 10 companies and supported with 85 tables and 46 figures is now available at http://www.rnrmarketresearch.com/heat-shield-market-by-end-use-industry-automotive-aircraft-defense-firearm-and-material-type-aluminum-metallic-non-metallic-global-trends-forecasts-to-2021-market-report.html .

The growing demand from the end-use industries such as automotive, aircraft, and defense is expected to drive the demand for heat shield. Increasing automotive and aircraft production and rising concern towards safety and security, especially in the exhaust system of automotive and aircrafts are the major factors boosting the heat shield market.

The automotive industry is expected to witness the highest growth rate between 2016 and 2021. The demand for heat shields in this industry is estimated to rise, especially due to the rise in the demand for passenger cars in the emerging economies such as India, China, and Brazil. The heat shield market is also expected to grow due to rising safety concerns in the exhaust system of automotive. Rising demands for luxury cars which require more heat shield protection due to large number of comfort and high-end features is further expected to boost the heat shield market.

Asia-Pacific is estimated to be the fastest-growing heat shield market, in terms of value. Increasing middle class population, rise in the automotive manufacturing activities in the region, and the presence of key heat shield manufacturers in the region are the major factors boosting the heat shield market in the region.

The report includes company profiles of key players and recent activities undertaken in the heat shield market such as new product launches, expansions, and R&D. Some of the major companies profiled in this report are Morgan Advanced Materials (U.K.), Dana Holding Corporation (U.S.), Federal Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Elringklinger AG (Germany), Progress-Werk Oberkirch AG (Germany), UGN Inc. (U.S.), ThermoTec Automotive (U.S.), and Zircotec (U.K). Request a discount on this report at http://www.rnrmarketresearch.com/contacts/discount?rname=632018 .

To determine the market size of various segments and sub-segments of the heat shield market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (37%), Tier 2 (50%) and Tier 3 (13%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (50%), Directors Level (31%) and others (19%) from various key organizations operating in the global heat shield market. The primary interviews were conducted worldwide covering regions such as North America (28%), Western Europe (24%), Central Europe (17%), Asia-Pacific (14%), the Middle East & Africa (10%) and Latin America (7%).

On a related, another research on Automotive Heat Shield Market Global Trends & Forecasts to 2020 says, the market in the Asia-Pacific region is estimated to grow at the highest CAGR, by value, of 8.4% from 2015 to 2020. Growing adoption of electronics in automobiles, the increasing demand for luxury vehicles, and technological advancements in heat shields are the major factors. The report classifies and defines the global automotive heat shield market size, in terms of volume and value. Companies like Autoneum Holding AG (Switzerland), Elring Klinger AG (Germany), and Federal-Mogul Corporation (U.S.) have been profiled in this 207 pages research report http://www.rnrmarketresearch.com/automotive-heat-shield-market-by-vehicle-type-application-exhaust-system-under-bonnet-turbocharger-engine-compartment-under-chassis-material-metallic-non-metallic-off-highway-vehicle-loader-excavator-and-by-region-global-tren-market-report.html .

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