Selbyville, Delaware, Feb. 23, 2021 (GLOBE NEWSWIRE) —
Global Market Insights, Inc. has recently added a new report on the automotive engine encapsulation market which estimates the market valuation for automotive engine encapsulation will cross US$ 8 billion by 2027. The increasing need for thermal insulation solutions for the engine bay to reduce noise, carbon emissions, and improve fuel efficiency will drive the industry growth.Car manufacturers are continuously improving their engine design, which is becoming more compact, leading to the need for more higher & efficient temperature insulation materials, which provide superior protection, have low insulation properties, and also lower vibration. To accommodate this need, many market participants are developing materials that are engineered to consumers need for specific applications. Market players are focusing on forward integration, in terms of services from material selection for the engine encapsulation to the final installation, which helps manufacturers to simulate the performance of engine encapsulation such as acoustic absorption and insulation performance.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4950The aftermarket is expected to observe a decent growth during the forecast period, since engine encapsulation helps to reduce up to 40% – 60% noise, radiant heat, and vibration generated from the automotive vehicle engine. Owing to large heat, vibration, and noise generation in vehicles, engine encapsulation has a sensible replacement rate. The aftermarket size depends on the higher solution quality along with customer preferences toward the price of the product. Cost-effectiveness is a key advantage that will expand the market growth during the forecast period.Europe automotive engine encapsulation market size will witness around 3.5% CAGR over the forecast timeframe. Countries including Russia, Spain, and Germany have significant automotive production. The rise in the Europe automotive engine encapsulation market can be attributed to strict regulations to reduce carbon emission and improve cool-down performance of the engine.The key automotive engine encapsulation market players are investing in increasing their production capacity and footprint along the way. For instance, in 2018, Dana Limited inaugurated its new manufacturing facility in China. This new manufacturing facility will produce thermal management solutions for conventional & new-energy vehicles.Some major findings of the automotive engine encapsulation market report include:Asia Pacific will lead automotive engine encapsulation market size due to its large automotive production in emerging countries including China, Japan, and India.Automotive engine encapsulation manufacturers are concentrating on value addition in their solutions by developing materials, which have high specific heat capacity, thermal conductivity, and reflectivity & emissivity.The engine mounted segment is growing at a considerable rate as it requires a small surface to be insulated and has low costs and higher efficiency since it is closer to the heat and noise source.The ongoing covid-19 has affected the global automotive production owing to severe lockdown and social distancing norms by several government authorities. Moreover, the usual pause duration of an automotive engine encapsulation manufacturing plant across the world is about 20 – 30 working days, which is likely to affect the overall sales of automotive engine encapsulation in 2020.Request for customization of this research report at https://www.gminsights.com/roc/4950Partial chapters of report table of contents (TOC):Chapter 2 Executive Summary2.1 Automotive engine encapsulation industry 360° synopsis, 2017 – 20272.1.1 Business trends2.1.2 Product trends2.1.3 Vehicle trends2.1.4 Material trends2.1.5 Sales channel trends2.1.6 Regional trendsChapter 3 Automotive engine encapsulation Industry Insights3.1 Industry segmentation3.2 COVID-19 impact on automotive engine encapsulation industry3.3 Industry ecosystem analysis3.3.1 Raw material supply3.3.2 Value addition at each stage3.3.3 Vendor matrix18.104.22.168 List of key raw material suppliers22.214.171.124 List of key automotive engine encapsulation manufactures126.96.36.199 List of key/potential customers3.4 Pricing analysis (including COVID-19 impact)3.4.1 Regional price trends3.4.2 Cost structure analysis, 20203.5 Innovation & sustainability3.5.1 Technology landscape3.5.2 Future trends3.6 Regulatory landscape3.6.1 U.S3.6.2 Europe3.6.3 China3.7 Industry impact forces3.7.1 Growth drivers188.8.131.52 Increasing focus on light-weighting and fuel efficiency products184.108.40.206 Growth in passenger vehicle sales220.127.116.11 Rising demand for NVH treatment3.7.2 Industry pitfalls & challenges18.104.22.168 Prohibitive cost of thermal engine encapsulation system3.8 Growth potential analysis, 20203.9 Porter’s analysis3.10 Competitive landscape3.10.1 Top player’s analysis, 20193.10.2 Strategy dashboard3.11 PESTLE analysis3.12 COVID-19 impact on automotive industryAbout Global Market InsightsGlobal Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.Contact Us:
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Selbyville, Delaware, Feb. 23, 2021 (GLOBE NEWSWIRE) —