SAN FRANCISCO, Dec. 15, 2020
SAN FRANCISCO, Dec. 15, 2020 /PRNewswire/ -- The global automotive heat shield market size is expected to reach USD 15.2 billion by 2027, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 3.6% from 2020 to 2027. Growing product utilization in the production of modern-day electric vehicles to improve heat dissipation is expected to drive the market over the forecast period.
The rise in demand for electric vehicles is expected to have a positive impact on product demand. Rising product utilization to dissipate the heat generated by the battery pack, coupled with the rising focus on improving the travel range of the electric vehicles, is expected to drive the market over the forecast period.
Key suggestions from the report:
Read 102 page research report with ToC on "Automotive Heat Shield Market Size, Share & Trends Analysis Report By Product (Single Shell, Double Shell, Sandwich), By Application, By Material, By Vehicle Type, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/automotive-heat-shield-market
Growing regulatory support in the form of rebates and subsidies for promoting the adoption of electric vehicles in various parts of the world is expected to have a positive impact on market growth. Furthermore, the Government of China's pledge to become a carbon-neutral economy by the year 2060 is further projected to drive the product demand over the forecast period.
Key players in the global market are actively collaborating with the automotive manufacturers to improve the thermal performance of the vehicle along with its fuel efficiency. DuPont, Zircotec, Dana Incorporated, and Morgan Advanced Materials are some of the notable companies that are collaborating with the leading automotive manufacturers across the world.
Grand View Research has segmented the global automotive heat shield market on the basis of product, application, material, vehicle type, and region:
List of Key Players of Automotive Heat Shield Market
Find more research reports on Advanced Interior Materials Industry, by Grand View Research:
Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Corporate Sales Specialist, USA
Grand View Research, Inc.
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter