Market for aluminium shields in the automotive sector to be worth $984.9 mln in 2021

The global market for aluminium shields in the automotive sector will be worth USD 984.9 million in 2021, according to a recently published market research report.

The major factors which are driving the demand for aluminium heat shields are the rise in vehicle production, rise in military expenditure, and rising demand for luxury vehicles, the report revealed. The factors which act as restraints in the aluminium heat shield market are the availability of substitutes and the emergence of battery driven vehicles. Advancement in technology due to continuous R&D activities by the major OEMs is the major factors boosting the aluminium heat shield market.

An aluminium heat shield is a type of heat shield which is designed to shield a component from absorbing excessive heat either by dissipating, reflecting or simply absorbing the heat. Aluminium-based heat shields find applications in automotive and defense industries. In an automobile powered by an internal combustion engine, the exhaust system from the engine exhaust to the tailpipe is the biggest producer of heat after the engine itself. The surfaces of the parts that actually carry the exhaust gases can reach temperatures up to about 900°C. Since exhausts often pass near important (and thermally sensitive) components, it is especially important to protect the sensitive parts and modules from heat and also to prevent local overheating of the car body.

According to the report, Asia-Pacific is the largest market for aluminium heat shield, followed by North America. Asia-Pacific accounted for 31.2 per cent of the global aluminium heat shield market in 2015. The market in Western Europe is estimated to experience high growth with its market size estimated to grow from USD 130.6 million in 2016 to USD 165.8 million in 2021, at a CAGR of 4.9 per cent during the forecast period, suggested data published in the report.