Sarasota, FL -- (SBWire) -- 07/03/2018 --Global Automotive Engine Encapsulation Market: Overview
The automotive engine encapsulation is used for insulating the engine for the better transfer of heat between the surroundings and the engine body. This helps in minimizing the warm-up time and also provides heat while the engine starts. Owing to the growing demand for the silent vehicles and growing concerns related to fuel-efficiency there is an increasing demand for the automotive engine encapsulation market.
Global Automotive Engine Encapsulation Market: Growth Factors
The key factors driving the automotive engine encapsulation market are the increasing demand for the vehicles that are sound-free and fuel-efficient. The other factors that are driving the growth of the market are the strict norms related to the emissions and the growing demand for the vehicles that are stylish and aerodynamically efficient. The body mounted encapsulation anticipates holding majority of the market shares owing to its increased penetration in the light-duty automobiles. The body mounted encapsulation system is made from carbon fiber thus is costly. As carbon fiber is of high quality and possess beneficial characteristics such as thermal insulating and sound absorbing properties it is being increasingly used in the production of automotive engine encapsulations. Increase in the demand for the luxury automobiles in the emerging and the developed economies have fuelled the demand for the automotive engine encapsulation market. Infrastructural and other developments are also expected to positively influence the growth of the global market.
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Global Automotive Engine Encapsulation Market: Segmentation
The global automotive engine encapsulation market can be segmented into its material type, product type, vehicle class, and by fuel type. On the basis of material type, the market is segregated into polyurethane, glasswool, polypropylene, polyamide, and carbon fiber. Based on the product type, the automotive engine encapsulation market is bifurcated into body-mounted and engine-mounted. In terms of vehicle class, the global market is divided into luxury light-duty vehicles, mid-priced light-duty vehicles, and economic light-duty vehicles. On the basis of fuel type, the market is categorized into diesel and gasoline.
Global Automotive Engine Encapsulation Market: Regional Analysis
It is anticipated that the Asia Pacific will dominate the automotive engine encapsulation market. It is also expected that this region will experience a rapid market growth in the coming years owing to which it will retain its dominance in the global automotive engine encapsulation market. Asia Pacific holds a major share in the global automobile production owing to which the demand for the automotive engine encapsulation is also increasing. The increasing sales and production of the automobiles in the economies such as Japan, China, South Korea, and India positively affect the growth of the market. Other factors that support the growth of the market are the increasing disposable income and the implementation of the stringent regulations.
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The developed regions such as Europe and North America will also experience a rapid development in the automotive engine encapsulation market in the coming years.
Global Automotive Engine Encapsulation Market: Competitive Players
Some of the key market players that are involved in the automotive engine encapsulation market are Continental, ElringKlinger, Furukawa Electric, Adler Pelzer, Hennecke, 3M, Polytec, Carcoustics, UGN, Autoneum, Roechling, Greiner, Woco, SA Automotive, BASF, Saint-Gobain, Evonik, and Uniproducts, among others.
Global Automotive Engine Encapsulation Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Automotive Engine Encapsulation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026
Automotive Engine Encapsulation Market: Size, Share, Growth, Trends, and Forecasts 2018–2026