Automotive Engine Encapsulation Market: Industry Global Revenue, Historical Growth & Forecast Period 2022- 2027
The automotive engine encapsulation market size is estimated to exceed USD 8 billion by 2027. improvement in their engine design to offer more compact and efficient temperature insulation materials. This is playing a key role in the adoption of efficient engine encapsulation technology for reducing noise, carbon emissions and enhancing fuel efficiency.
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Given the increasing toxic emission from automobiles, car manufacturers are constantly seeking to improve their engine design. This is further generating the demand for higher and efficient temperature insulation materials which is likely to provide superior protection, lower vibration, and low insulation properties. That said, to realize these demands, some of the major industry players are brainstorming to developing materials that are engineered according to consumers’ need for specific applications. Additionally, they are also laying intrinsic focus on forward integration, in terms of services from material selection for the engine encapsulation to the final installation and product.
Aftermarket channel of sales of automotive engine encapsulation materials and solutions has been gradually expanding over a while now as engine encapsulation supports reduction of nearly 40-60% of noise, heat, radiation, and vibration generated from the vehicle engine. In fact, engine encapsulation also boasts of a sensible replacement rate, making the aftermarket sales channel highly prominent across various major economies. The aftermarket size depends upon the higher solution quality and increasing customer preferences toward the price of the product.
The global automotive engine encapsulation market is highly consolidated and boasts the presence of prominent industry leaders, who have been going nine yards for developing novel products and solutions in the business space.
Europe automotive engine encapsulation market is expected to observe a substantial CAGR of around 3.5% through 2027 with increasing automotive production in the countries including Spain, Germany and Russia. As per the European Automobile Manufacturers’ Association (ACEA) statistics, registration of new cars in the European Union increased by 25.2% during the first half of 2021. In addition, stringent regulations in the region aimed at minimizing the carbon emissions and improving cool-down performance of the engine are also supporting the market expansion.
For instance, Shanghai Feili and Hefei Kaijie, two of the prominent auto component producers had in 2019, introduced BASF’s Elastofoam polyurethane integral foam for use in engine covers, in a bid to enhance the cabin comfort to some of the newly produced vehicles in China. According to news reports, Elastofoam PU offers superior control to noise, vibration, and harshness which stands out to be an ideal solution for cars allowing the riders to leverage benefits of better experience inside the vehicle’s cabin.
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Some Point from Table of Contents:
Chapter 5 Automotive Engine Encapsulation Market, By Vehicle
5.1 Automotive engine encapsulation market insights, by vehicle
5.2 Passenger Cars
5.2.1 Global market estimates and forecasts, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Commercial Vehicle
5.3.1 Global market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 6 Automotive Engine Encapsulation Market, By Material
6.1 Automotive engine encapsulation market insights, by material
6.2 Polypropylene
6.2.1 Global market estimates and forecasts, 2017 - 2027
6.2.2 Market estimates and forecast, by region, 2017 - 2027
6.3 Polyurethane
6.3.1 Global market estimates and forecasts, 2017 - 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
6.4 Carbon fiber
6.4.1 Global market estimates and forecasts, 2017 - 2027
6.4.2 Market estimates and forecast, by region, 2017 – 2027
6.5 Others
6.5.1 Global market estimates and forecasts, 2017 - 2027
6.5.2 Market estimates and forecast, by region, 2017 - 2027
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