Global Heat Shield Market - 2021-2028

Market Overview

The Global "Heat Shield Market" is estimated to reach at a high CAGR during the forecast period (2021-2028).

An overheating object is protected by a heat shield, which dissipates, reflects, absorbs or simply burns and falls away from the aircraft, dragging the excess heat with it. The phrase is most commonly applied to exhaust heat management and systems for thermal transfer caused by friction.

Heat shields work in two ways to protect structures from excessive temperatures and thermal gradients. Thermal insulation and radiative cooling are two techniques that insulate the underlying structure from high exterior surface temperatures while radiating heat outwards. Low thermal conductivity (high thermal resistance), high emissivity and good thermal stability are the three properties required of a heat shield to achieve optimal operation (refractoriness).

Heat shields are generally used on most engines to protect components and bodywork from heat damage due to the huge amounts of heat produced by internal combustion engines. In addition to providing protection, good heat shields can improve performance by lowering under-bonnet temperatures, lowering intake temperature. Heat shields are available in a wide range of prices, but most are simple to install, using stainless steel clips or high-temperature tape.

Market Dynamics

Growing demand for excellent insulation services in various End-User areas is triggering the market share for the product. On-going technological advancements in the product are expected to create opportunities for the heat shield market to grow in the forecast period.

Growing demand for excellent insulation services in various End-User areas is triggering the market share for the product

The most significant purposes of thermal management in automobiles are to protect sensitive vehicle components from the effects of heat and to provide the occupants with optimal thermal comfort. From the front to the back of a vehicle, heat shielding devices are specially built to manage radiant, convective, and conductive heat properly. The amount of heat shields per vehicle varies a lot. Small, low-power vehicles may only require two heat shields, whereas high-powered luxury automobiles may require as many as thirty.

Heat shields were once primarily utilized in the engine compartment for heat management, specifically to protect against "hot spots" such as exhaust manifolds. Their construction was rather simple, consisting primarily of twin aluminum shells with an intermediate rock wool layer. Increased use of heat shields has been attributed to more powerful engines, the introduction of catalytic converters and the trend toward closed engine compartments (to limit noise emissions). Major End-User areas are exhaust manifold heat shields, catalytic converter heat shields, turbocharger heat shields and starter motor heat shields.

Furthermore, heat shields are also effective for lowering under-bonnet temperatures, which allows for lower air intake temperatures and consequently higher power output. They can also keep more heat in the exhaust, reducing back-pressure in the system. Heat shields for the dashboard frequently include a sound dampening effect as well. Thus growing End-User areas of the heat shield in various End-Users owing to its excellent heat protection is uplifting the market demand for the product.

On-going technological advancements in the product are expected to create opportunities for the heat shield market to grow in the forecast period

Heat protection (or thermal management) is no longer a separate concern. The applicable heat shields are progressively integrated into multifunctional components in a comprehensive system approach.

Aluminum heat shields will be more and more integrated into innovative solutions for different purposes such as engine encapsulations to reduce fuel consumption and polluting emissions while treating noise at its source, combined heat protection and sound management solutions for the engine and exhaust line and thermal comfort in light vehicle passenger compartments. Acoustic heat shields provide good thermal protection while also significantly reducing external noise. Underbody heat shields can also be regarded as an integral part of the underbody system, and they can even help improve underbody aerodynamics.

For instance, Autoneum's newly developed aluminum foil technology integrates the heat protection properties of aluminum foil into plastic composite parts of the underbody, eliminating the need for separate heat shields. Thus, resulting in a cost and weight-saving measure ideal for underbody panels exposed to low to medium heat levels. The aluminum foil is immediately pressed onto the long-fiber thermoplastic composite carrier (glass or natural fibers) in the compounding and molding process.

The high cost of the heat shield and increasing electric vehicle sales hamper market growth

The high cost of heat shields is the biggest impediment to the market. The exhaust system may need to be removed to fit the new heat shield. Automotive heat shields account for 1.5 times more cost in the aftermarket than in the OEM. The new heat shields cost roughly US$40 or more each, and the customer has to remove the old ones and replace them with the new ones. It's only a few bolts and some sheet metal, but it can be a pain. If the customer takes their automobile to a shop, the parts will cost around US$150, and the labor will take around an hour.

Although heat shields are suggested to be replaced every 100,000 to 150,000 kilometers, many car owners do not prefer to replace the old one with a new one due to cost or a lack of awareness of vehicle safety. Electric vehicles have become a significant initiative in several countries globally with rising emission limits. Although heat shields are used in battery management systems, they are not as common as IC engines. It is since electric vehicles produce significantly less heat than engines.

Furthermore, heat shields reduce a system's running costs by capturing radiated heat that would otherwise increase the load on the system's low-temperature stage. While heat shields have always been important, recent variations in helium pricing have rendered them even more crucial to the cost-effective operation of liquid helium systems.

COVID-19 Impact Analysis

The heat shield industry's expansion is being moderately hampered due to coronavirus outbreaks across the globe. The major End-user of heat shields has been seen in the automotive industry. The COVID-19 pandemic wreaked havoc on the automotive industry, driving sales to drop as OEMs battled to meet demand while several countries went into lockdown.

For example, the COVID-19 situation has forced nearly all German automotive-related companies to place their employees on short-term work during the shutdown, a plan in which employees are temporarily laid off and receive a significant portion of their income through the government.

Globally, the repercussions of the COVID-19 crisis are immense and unprecedented. Many auto-retail establishments have been shuttered for a month or more. Profits at the top 20 global automakers are expected to fall by US$100 million in 2020, a six-percentage-point drop from just two years ago.

Furthermore, the supply chain was disrupted during the pandemic, leading the market to move slowly. However, businesses are optimistic about sales and resume operations following the pandemic, with many economies slowly recovering.

Segment Analysis

The global heat shield market is bifurcated based on types, products, end-user and region.

The excellent physical properties of aluminum, such as reflectivity and emissivity, thermal conductivity and specific heat capacity, make the segment the ideal material for the fabrication of heat shields.

The global heat shield market based on type can be divided into metallic and non-metallic. Out of the mentioned materials, metallic heat shield holds the dominating position in the market. The metallic heat shield segment is further categorized into aluminum-based heat shields, which is the primary driver for the segmental growth of the product.

The excellent physical properties of aluminum - reflectivity and emissivity, thermal conductivity and specific heat capacity - make the segment the ideal material for the fabrication of heat shields. Aluminum absorbs and reemits very little infrared light due to its high reflectivity and low emissivity. Heat is swiftly transported away from any hot spots in the heat shield due to aluminum's thermal solid conductivity.

In addition, aluminum has a high specific heat capacity. It means that when a given amount of heat energy is absorbed, the temperature rise is less than for many other materials. Thus the characteristics as mentioned above of the aluminum-based heat shield are escalating the segmental growth.

Furthermore, Aluminium sheets and foils are ideal for meeting the diverse manufacturing and servicing needs of automobile heat shields. In order to meet the high package limits, one of the most crucial requirements is good formability. Heat shields must cover the hot component completely and as closely as feasible.

Heat shields are generally quite complex shapes to fit neatly between the numerous components due to space constraints, particularly in the engine compartment and underbody area. Heat shields are often installed 15 to 25mm from the car's underbody, 10 to 15mm from the fuel tank and 25 to 50mm from the exhaust pipe. Thus growing End-User demand for aluminum-based heat shields is boosting the market share for the segment.

Geographical Analysis

Asia-Pacific holds the largest percentage share for the heat shield market in terms of value due to major driving factors such as the rise in automotive production, rise in disposable income, an increased number of heat shield manufacturers in the region.

Asia-Pacific holds the largest percentage share for heat shield in terms of value due to major driving factors such as the rise in automotive production, rise in disposable income, an increased number of heat shield manufacturers in the region. The Asia-Pacific dominates the vehicle heat shield industry.

In recent years, huge industrialization has occurred due to the abundance of good natural and human resources and the availability of inexpensive labor, raw materials, a well-developed transportation network, and investor-friendly industrial regulations. Increased automotive production and sales in nations like India, China and ASEAN countries and the developing automotive components sector are some of the primary drivers for the market.

Furthermore, demand for luxury cars has increased at a higher rate in the past few years. These premia and sports automobiles require high-performance turbochargers to achieve performance and fuel efficiency. In nations like India, China and Japan, demand for luxury cars has risen dramatically in the last five years. The desire for luxury cars as a status symbol has increased demand even further. The premium car market in China has grown at the fastest rate. Thus, the growing automotive industry in Asia-Pacific is expected to boost the market share for the product in the forecast period.

Competitive Landscape

The heat shield market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth are Heatshield Products, Autoneum Holdings AG, Morgan Advanced Materials, Dana Holding Corporation, Lydall Inc., Elringklinger AG, Progress-Werk Oberkirch AG, UGN Inc., Federal-Mogul Holding Corporation, ThermoTec Automotive and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the growth of the heat shield market globally.

For instance, on March 10th, 2021, Zircotec has launched a new heat shield - ZircoFlex SHIELD. New heat shield technology reduces heat transfer by approximately a quarter compared to conventional heat shield systems. It provides significant surface temperature reduction, with up to a 125-degree Celcius reduction achieved during testing.

Heatshield Products

Overview: Heatshield Products has been developing honest, American-made products for thermal solutions for over 60 years in the automotive sector. Heat management choices for maritime, welding, military, industrial, heavy-duty, household, automotive and motorbike vehicle End-Users are included in their portfolio.

Product Portfolio: The Company has a product portfolio of Heat Shield that includes:

Lava Battery Heat Shield: The Lava Battery Heat Shield from Heatshield Products extends the life of a vehicle's battery by sheltering it from radiant engine compartment heat. According to Heatshield Products, this innovative battery heat shield uses heat barrier material to keep a battery functioning within its stated operating parameters, ensuring top performance. These heat shields protect various batteries, including lead, gel, AGM and lithium batteries, against heat damage.

Key Development

For instance, on October 5th, 2021, Heatshield Products is launching brand new heat shield material such as Lava™ Battery Heat Shield and Spark Plug Boot Protector - Pro-Boot™ Shield for cars in their growing line.

Why Purchase the Report?

Visualize the heat shield market segmentation by types, product, end-user, highlighting key commercial assets and players.

Identify commercial opportunities in the heat shield market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of heat shield market-level 4/5 segmentation.

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Product mapping in excel for the key product of all major market players

The global heat shield market report would provide approximately 61 market data tables, 53 figures and 180 pages.

Target Audience 2022

Service Providers/ Buyers

Automotive Companies

Aircraft Companies

Emerging Companies

Manufacturers

Logistics companies

Distributors