The global automotive heat shield market size was valued at USD 12.0 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. Rising product utilization in the production of electric vehicles, lightweight and fuel-efficient passenger cars, and commercial vehicles is expected to fuel market growth. Heat shield plays an integral role in dissipating the excess heat generated by the vehicle, protecting sensitive vehicle components against heat, and helping maintain optimal thermal comfort inside the vehicle. Furthermore, the product helps increase the power output of an engine by controlling the under-bonnet temperature and lowering the intake air temperatures.
The single shell segment emerged as the largest product segment in the U.S. in 2022. Over the years, the country has emerged as one of the largest markets for passenger cars and commercial vehicles. Thus, the wide-ranging use of single shell heat shield in a variety of vehicles to protect the vehicle against relatively low-temperature heat sources is fueling the segment growth.
Excess heat generation and lack of heat management inside may prevent the vehicle from performing optimally. Excessive heating of an engine may result in lower power output and spark plug failures. Thus, it is of utmost importance to employ effective heat shields to maintain vehicle temperatures and fuel efficiency.
The lithium-ion batteries employed in battery-operated electric vehicles generate a significant amount of heat. Lack of effective heat management and dissipation system has an immense bearing on battery life and vehicle range. Thus, the growing demand for electric vehicles is expected to drive product demand over the forecast period.
The majority of the heat shields are made from lightweight metals, such as aluminum. Aluminum is extracted from the bauxite ores mined from the earth’s surface. However, the implementation of various mining control regulations across the world has caused volatility in global aluminum prices, thereby affecting the profit margins of the market players.
The passenger car segment held the largest revenue of 77.8% in 2022 and is expected to grow at the fastest CAGR of 4.7% over the forecast period. An increase in per capita disposable income and improvement in living standards are generating a burgeoning demand for passenger cars in Asia Pacific and the Middle East and Africa, thereby driving the product demand. Moreover, factors such as passenger safety, technological advancement and regulatory compliances drive the market growth.
The light commercial vehicles (LCVs) segment is expected to grow at a CAGR of 4.3% over the forecast period. Growing demand for various types of LCVs, such as delivery vans and pickup trucks, from e-commerce and logistics companies to strengthen their last-mile delivery services is expected to be the primary factor driving the segment.
The electric vehicles segment held a considerable share of the overall revenue in 2022. Heat shield materials form an integral part of the electric vehicle assembly. They play an instrumental role in increasing the vehicle range and increasing the battery life by dissipating and controlling the heat generated by the lithium-ion batteries.
The heavy commercial vehicles (HCVs) segment is expected to witness robust growth over the forecast period. The growing adoption of liquefied natural gas (LNG) as an alternative to highly polluting diesel fuel is expected to provide a significant boost to the demand for heavy commercial vehicles, thereby increasing demand for automotive heat shields in the HCV segment.
Asia Pacific dominated the market and accounted for the largest revenue share of 37.5% in 2022 is expected to grow at the fastest CAGR of 5.4% during the forecast period. The region generates a burgeoning demand for LCVs and HCVs to provide effective logistical services to its rapidly expanding industrial sector. Furthermore, the rapid growth of the e-commerce sector has generated a significant demand for commercial vehicles, thereby increasing demand for automotive heat shields.
The adoption of stringent vehicular emission norms in Europe has nudged automotive manufacturers to employ lightweight alloys, such as Al-Mg (Aluminum-Magnesium), in the production of heat shield materials. Lightweight products help reduce the overall weight of the vehicle and improve fuel efficiency by effective heat dissipation.
China is expected to expand at a significant CAGR over the forecast period. In September 2020, Chinese President Xi Jinping announced a plan to make China carbon neutral by the year 2060. Under this initiative, the country is expected to promote greater adoption of electric vehicles, and thereby drive the product demand in electric vehicle applications.
North America is expected to grow at a CAGR of 4.1% during the forecast period. Growing demand for lightweight and fuel-efficient vehicles was the primary factor driving the regional demand. Moreover, the presence of a well-developed automotive industry, coupled with the rising adoption of electric vehicles, is expected to boost market growth over the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), the region produced around 14.8 million vehicles in 2022.
The single shell segment accounted for the largest revenue share of 58.6% in 2022. Single shell product is made from single-layer aluminum foil with a thickness of 0.3 - 1.0 mm. This heat shield is highly effective against relatively low-temperature heat sources. However, their greater space requirement is expected to hinder their wide-ranging adoption over the forecast period.
Double shell heat shields are generally made from two aluminum sheets of 0.3 - 1.0 mm thickness. These products are extremely lightweight and are designed to tolerate low to medium temperatures. It is mainly used in the heat management of catalytic converters, turbochargers, and starter motors of vehicles.
The double shell segment is expected to witness lucrative growth over the forecast period. These products are majorly employed in under-bonnet heat management applications to help control the overall temperature of the whole engine assembly and maintain optimum vehicle performance.
The sandwich segment is expected to grow at the fastest CAGR of 5.6% during the forecast period. The sandwich products are used to provide protection against extremely high temperatures. This product is widely used in high-performance racing cars owing to its superior heat management property and relatively fewer space requirements. Furthermore, it is employed as an insuCentral and Southg mat in electric vehicles to protect the battery packs installed on the vehicle floor.
The engine compartment segment accounted for the largest revenue share of around 30.8% in 2022. The heat shield is extensively used to protect engine assembly against high temperatures. The engine is probably the most important component of an automotive assembly. Improper heat management may lead to engine failure and reduce the life of the engine assembly.
Governing bodies across the globe are employing stringent automotive emission norms to curb the rapidly rising environmental damage. The aforementioned trend is expected to boost the demand for automotive turbochargers since it is an eco-friendly device that aids in realizing fuel economy across several vehicle types, and thereby drive the product demand.
The turbocharger segment is expected to register the fastest CAGR of 5.8% over the forecast period. The growing use of turbochargers in various types of vehicles, such as passenger cars, light commercial vehicles, and heavy commercial vehicles, is expected to provide a major boost to the segment growth over the forecast period.
Effective heat management helps improve the performance, fuel efficiency, and service life of a vehicle engine assembly. Additionally, the improvement in production technology has enabled the fabrication of space-saving heat shields. Thus, the growing demand for fuel-efficient vehicles is expected to drive the product demand in the upcoming future.
The metallic segment held the largest revenue share of 85.5% in 2022. Wide-ranging product adoption in various types of vehicles was the primary factor driving the segment. Additionally, their mouldability, durability, superior conductivity, and high-temperature resistance attributes are further expected to propel the product demand.
Metallic heat shields are generally made from aluminum, stainless steel, and other such metals that display high conductivity. The growing trend towards reducing the overall weight of the vehicular assembly is driving the demand for products made from various types of metallic alloys owing to their comparable conductivity, durability, and superior lightweight property.
The non-metallic segment is expected to grow at the fastest CAGR of 5.2% over the forecast period. Superior heat dissipation property, flame resistance, and durability are some of the key attributes that are expected to drive the segment over the forecast period. Non-metallic heat shields are witnessing growing adoption in under bonnet applications, including high-temperature hoses.
Non-metallic materials are generally made from composites or meta-aramid materials owing to their formability, flame resistance, and ability to withstand extremely high temperatures. Additionally, the non-metallic heat shields are extremely lightweight compared to metallic ones. This is expected to increase the share of the segment over the forecast period.
Key industry players in the market are focusing on developing lightweight heat shield materials in accordance with the demand for lightweight components from automotive manufacturers. These companies are progressively adopting innovative materials, such as metal composites and meta-aramid materials, in order to increase product durability and flame resistance.
Major players such as DuPont, Dana Incorporated, Zircotech, and Morgan Advanced Materials are actively collaborating with major automotive manufacturers in order to develop customized heat shield materials suitable to their specific needs.
In April 2023, Autoneum completed the acquisition of Borgers Automotive. This development has led to Autoneum's operational scope now encompassing 67 production facilities across the globe, with a workforce of approximately 16,100 individuals spanning 24 different countries. By integrating the well-established German company into its operations, Autoneum has taken another significant step in fortifying its position as a worldwide leader in sustainable solutions for vehicle acoustic and thermal management
In June 2022, Zircotec demonstrated its commitment to enhancing manufacturing capacity by acquiring a neighboring facility spanning 10,000 square feet. This newly acquired space is earmarked to play a pivotal role in fostering business expansion specifically within the domains of Low-Carbon and Zero-Carbon vehicle sectors
In February 2022, Tenneco Inc. made a significant announcement regarding its decision to enter into a firm agreement for acquisition by funds associated with Apollo Global Management. As the worldwide mobility landscape undergoes transformative shifts and gains increased dynamism, this strategic move will empower Tenneco to effectively implement its global strategy and further enhance its diverse business segments
In June 2020, Morgan Advanced Materials, a prominent manufacturer specializing in composite materials, advanced ceramics, and carbon-based products, unveiled its acquisition of Carbo San Luis. This move not only reflects their ongoing commitment to investment in the region, encompassing countries like Argentina, Chile, and Peru, but also signifies a proactive approach to nurturing future network expansion. Moreover, this agreement is poised to synergistically enhance Morgan Advanced Materials' capabilities in producing and marketing heat-resistant and abrasion-resistant products
Market size value in 2023
USD 12.6 billion
Revenue forecast in 2030
USD 17.3 billion
CAGR of 4.6% from 2023 to 2030
Base year for estimation
2018 - 2021
2023 - 2030
Revenue in USD million/billion, and CAGR from 2023 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, application, material, vehicle type, region
North America; Europe; Asia Pacific; Central and South America; MEA
U.S.; Canada; Mexico; Germany; France; Italy; UK; Spain; China; India; Japan; South Korea; Thailand; Australia; Brazil; Saudi Arabia
Key companies profiled
DuPont; Dana Limited.; Zircotec Ltd; Morgan Advanced Materials; Autoneum; ElringKlinger AG; Lydall, Inc.; Tenneco Inc.; CARCOUSTICS; UGN Inc.
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global automotive heat shield market report based on product, material, application, vehicle type, and region:
Product Outlook (Revenue, USD Million, 2018 - 2030)
Application Outlook (Revenue, USD Million, 2018 - 2030)
Material Outlook (Revenue, USD Million, 2018 - 2030)
Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle(HCV)
Regional Outlook (Revenue, USD Million, 2018 - 2030)
Central and South America
Middle East and Africa
b. The global automotive heat shield market size was estimated at USD 12.0 billion in 2022 and is expected to reach USD 12.6 billion in 2023.
b. The automotive heat shield market is expected to grow at a compound annual growth rate of 4.6% from 2023 to 2030 to reach USD 17.3 billion by 2030.
b. The metallic segment dominated the automotive heat shield market with a share of 85.4% in 2022, owing to their mouldability, durability, superior conductivity, and high-temperature resistance.
b. Some of the key players operating in the automotive heat shield market include DuPont; Dana Incorporated; Zircotec; Morgan Advanced Materials; Autoneum; ElringKlinger AG; Lydall Inc.; Tenneco Inc.; Carcoustics; and UGN Inc.
b. Key factors that are driving the automotive heat shield market are rising product utilization in the production of electric vehicles, lightweight and fuel-efficient passenger cars, and commercial vehicles.
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