Automotive Engine Encapsulation Market Set to Soar Past USD 8.49 Billion by 2030
The global Automotive Engine Encapsulation market size is expected to reach USD 8.49 billion by 2030 and exhibit a CAGR of 6.13% in the forecast period (2023−2030), according to Skyquest’s latest research report. The stringent regulations related to emissions and fuel efficiency, the growing emphasis on noise reduction and vehicle comfort, increasing awareness of the benefits of thermal management for engine efficiency, the pursuit of lightweight and improved aerodynamics to enhance fuel economy, and the trend toward electric and hybrid vehicles, which necessitate thermal and acoustic management solutions to optimize performance and extend battery life is fueling the market’s growth.
Westford, USA, Feb. 27, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Automotive Engine Encapsulation market, increasing adoption of electric and hybrid powertrains, the integration of smart materials and sensors for improved encapsulation performance, the development of modular and customizable encapsulation solutions for different vehicle models, the focus on sustainable and recyclable materials in encapsulation design, and the utilization of advanced manufacturing techniques such as 3D printing and injection molding for cost-effective and precise encapsulation components, are the trends that aid in the market’s growth.
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Browse in-depth TOC on “Automotive Engine Encapsulation Market”
- Pages – 157
- Tables – 92
- Figures – 74
Automotive engine encapsulation is the process of shielding the engine from the outside environment. This is done using various materials, such as plastic, foam, and metal. Engine encapsulation provides several benefits.
Prominent Players in Automotive Engine Encapsulation Market
- Autoneum
- Continental
- Roechling
- ElringKlinger
- Greiner
- Furukawa Electric
- Woco
- Adler Pelzer
- SA Automotive
- Hennecke
- BASF
- 3M
- Saint-Gobain
- Polytec
- Evonik
- Carcoustics
- Uniproducts (India)
- UGN
- Henniges Automotive
- Hennig Corporation
- Freudenberg NOK
- Lydall
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Thermoplastic Materials Demand to Grow Substantially in the Forecast Period
Thermoplastic materials dominated the global online market as they are lightweight and relatively affordable compared to other options, making them a preferred choice for cost-conscious automakers. The reduced weight contributes to improved fuel efficiency. Thermoplastics can be molded and formed using various manufacturing techniques, including injection molding and extrusion. This ease of processing allows for the efficient production of complex shapes and components, aligning with automotive design requirements.
Passenger Car is the Leading Application Segment
In terms of application, the passenger cars is the leading segment due to the increasingly stringent emissions regulations and a focus on fuel efficiency, have a strong need for effective engine encapsulation. Encapsulation helps reduce aerodynamic drag, improve thermal management, and enhance fuel economy. Passenger cars require a comfortable and quiet interior environment for occupants. Effective acoustic encapsulation is crucial to reduce engine noise, contributing to a quieter and more pleasant driving experience.
Europe is the leading Market Due to the Technological Advancements
Europe has some of the most stringent emissions regulations globally. To meet these requirements, automakers in the region have focused on engine encapsulation as a means to reduce emissions by improving engine efficiency. The region is home to numerous leading automotive manufacturers and suppliers. The concentration of automotive production facilities and research centers in the region has driven the demand for advanced engine encapsulation solutions.
A recent report thoroughly analyzes the major players operating within the Automotive Engine Encapsulation market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Automotive Engine Encapsulation.
Key Developments in Automotive Engine Encapsulation Market
- In March 2023, BASF SE, a German chemical company, launched its new Akutherm engine encapsulation system. The system is designed to reduce noise and vibration in engines and improve fuel efficiency.
- In February 2023, Autoneum Holding AG, a Swiss automotive supplier, acquired Trocellen Automotive, a French manufacturer of lightweight insulation materials. The acquisition will help Autoneum expand its product portfolio and strengthen its position in the automotive engine encapsulation market.
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Key Questions Answered in Automotive Engine Encapsulation Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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