A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Heat
Shield Market.
The study, titled “Heat
Shield Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Heat Shield Market: Overview
Heat
shields, as their name suggests, are designed to shield components
against absorbing excessive heat, either by reflecting, dissipating,
or simply absorbing heat. Installation of heat shields is one of the
widely used heat management techniques, adopted especially across the
automotive industry. Besides this, the demand for heat shields is
also witnessed across space, defense, and other industrial sectors.
Heat shields are mostly made from aluminized steel, which make them
highly cost-effective, thus fuelling its demand worldwide
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An
effective heat shield covers properties such as good emissivity,
reflectivity, and conductivity. Aluminum is used in a majority of
heat shield products, as it can withstand higher temperatures and
offer good conductivity, reflectivity, and emissivity. Considering
these factors, experts forecast strong growth for the global heat
shield market. For the purpose of the study, the market is segmented
based on type, application, and region. By type, the market can be
bifurcated into rigid heat shields and flexible heat shields.
The
report presents a comprehensive overview of the global heat shield
market, covering growth drivers and various restraints posing threat.
It includes decisive data retelling the market’s trajectory of the
years. The study is intended to offer refined growth outlook for the
global heat shield market between 2016 and 2024. It provides detailed
assessment of the factors backing market’s growth across the
various segments and includes profiles of the leading companies in
the global heat shield market.
Global
Heat Shield Market: Trends and Opportunities
The
global heat shield market is forecast to showcase moderate growth
between 2016 and 2024. The rising production and use of automobiles,
spurred by the recent technological advancements will bolster sales
prospects for heat shield producers. The expanding market battery
driven vehicles has emerged as a key restraint for the market.
Nevertheless, the demand for heat shield is expected to rise at a
steady pace in automotive, aircraft, and defense sectors, thereby
creating viable opportunities for the market’s growth.
As
concerns regarding safety and security continue to haunt the
aerospace sector, the heat shield market will witness moderately
rising demand from the industry. In addition, recent advancements in
the space technology has emerged as one of the chief market drivers.
The rising disposable income and increasing demand for modern
features in automobiles will continue boosting the global heat shield
market through the forecast period.
Global
Heat Shield Market: Regional Outlook
Regionally,
North America, Latin America, Europe, Asia Pacific, and the Middle
East & Africa make the key segments in the global heat shield
market. Among these regions, Europe holds dominance in terms of usage
of heat shields across diverse applications. Besides this, the rising
demand advanced automobiles has made North America a lucrative market
for heat shield producers. In addition Asia Pacific and the Middle
East & Africa will offer the market attractive opportunities
through the forecast period. Rapid industrialization and rising
demand for automobile witnessed across these regions will create an
environment conducive to the growth of the heat shield market.
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Global
Heat Shield Market: Vendor Landscape
Some
of the leading players in the global heat shield market are HAPPICH
GmbH, Dana Limited, FEDERAL MOGUL, PROGRESS-WERK OBERKIRCH A.G,
Covpress Ltd, UGN Inc., Autoneum, ElringKlinger A.G, Morgan Advanced
Materials, and Lydall Inc. The report includes detailed profiles of
these companies covering product portfolio, recent mergers and
acquisitions, and development trends. The impact of strategies they
adopt on the overall market is gauged as well.
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