Automotive Engine Encapsulation Market Key Players, Growth Forecast...

Automotive Engine Encapsulation Market Key Players, Growth Forecast 2032

Δημοσιευμένα 2024-09-09 09:27:17

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Automotive Engine Encapsulation Market Overview

By 2030 The Automotive Engine Encapsulation Market is expected to reach a value of USD 5,500 Million at a CAGR of more than 5.4% during the forecast period 2022-2030. The COVID-19 pandemic has affected the market in a negative manner as there were lockdown and shutdown restrictions implemented by our Government in several regions.

The automotive engine encapsulation protects the engine from environmental issues and maintains engine temperature for a long time, even after the engine is turned off. This slows down the process of engine cooling rate and provides the initial heat during start-up. Hence, it helps minimize CO₂ emissions as the encapsulation reduces the friction between engine parts and provides a warm-up time for the engine.

However, the market is expected to return to a normal rate as economies start to recover slowly. The main key factor operating the Automotive Engine Encapsulation Market is the strict government pollution management rules and regulation acts. The importance of the Automotive Engine Encapsulation Market will rise as governments globally create strict pollution standards and plan to set even higher emissions limitations over the upcoming years.

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Due to many advantages, such as lower CO2 emissions and less airborne noise, demand for automobile engine encapsulation is estimated to rise throughout the predicted period. Engine encapsulation was previously only available in luxury automobiles, but this feature is now increasingly offered in lower-end vehicles to fulfill the difficult noise emission standards.

The Vehicle fuel efficiency is improved by Engine encapsulation which allows the engine and oils and lubricants to reach a higher beginning temperature; this is why most producers include it in their cars. Due to the deficiency of traditional engines in electric cars, the Automotive Engine Encapsulation Market is predicted to be controlled.

Engine Encapsulation Industrial news

In 2021, BASF announced that it is increasing its product portfolio of polyamides for the high-temperature range by developing a new heat-stabilized Ultramid for the high-temperature range. The polyamide, strengthened with 30% glass fibers, is known to display an excellent thermal aging performance and vibration in internal combustion engines, hybrids, or electric vehicles.

Engine Encapsulation Market Key Players

· Röchling Group (Germany)

· Adler Pelzer Holding GmbH (Germany)

· Autoneum (Switzerland)

· ElringKlinger AG (Germany)

· Greiner Foam International GmbH (Austria)

· Woco Industrietechnik GmbH (Germany)

· Carcoustics (Germany)

· Trocellen GmbH (Germany)

· SA Automotive (US)

· Continental Corporation (Germany)

Engine Encapsulation Market Regional analysis

Based on region, the automotive engine encapsulation market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.

The Asia Pacific region is expected to dominate the market by volume and value. The Asia Pacific region accounts for more than 50% of the global automobile production. The region consists of developing economies such as China and India, with other developed nations such as South Korea and Japan. The increase in the disposable income in developing countries such as China and India and the strict growing restriction of emission rules are the main key factors operating the market in the Asia Pacific region.

Engine Encapsulation Market segmentation

By Material Type

● Polypropylene

● Polyurethane

● Polyamide

● Glass wool

● Carbon fiber

By Product Type

● Engine-mounted

● Body-mounted

By Vehicle class

● Economic light-duty vehicles