Global Automotive Engine Encapsulation Market Size Study & Forecast, By Material (Carbon Fiber, Polyurethane, Polypropylene, Polyamide, Glass wool) By Fuel Type (Gasoline, Diesel), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commerci

Global Automotive Engine Encapsulation Market Size Study & Forecast, By Material (Carbon Fiber, Polyurethane, Polypropylene, Polyamide, Glass wool) By Fuel Type (Gasoline, Diesel), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) and Regional Analysis, 2023-2030

Global Automotive Engine Encapsulation Market is valued at approximately USD 2.55 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2023-2030. Automotive engine encapsulation is a technology utilized in modern vehicles to improve fuel efficiency, reduce emissions, and enhance overall vehicle performance. This technology involves enclosing the engine compartment with insulating materials to minimize the escape of heat generated by the engine. Additionally, engine encapsulation serves to dampen engine noise, resulting in a quieter and more comfortable driving experience for passengers. This technology has become increasingly prevalent in the automotive industry as manufacturers strive to meet stringent emissions regulations while simultaneously enhancing vehicle refinement and efficiency. The Automotive Engine Encapsulation market is expanding because of factors such as rising environmental awareness among consumers, implementation of stringent fuel efficiency and emission regulations, and consistently growing demand for automobile production.

Furthermore, the rising adoption of stringent regulations aimed at enhancing fuel efficiency and curbing carbon emissions to address climate change nationwide is anticipated to drive demand for engine encapsulation across the automotive sector. For instance, in April 2023, the Environmental Protection Agency (EPA) unveiled ambitious criteria aimed at further reducing hazardous air pollutant emissions from light and medium-duty vehicles, commencing with the model year 2027. This proposal builds upon the EPA's previously finalized federal greenhouse gas emissions standards for passenger cars and light trucks spanning model years 2023 to 2026. Leveraging advancements in clean car technology, these standards are poised to unlock a plethora of benefits for Americans, encompassing the reduction of climate pollution, enhancement of public health, and cost savings for drivers in terms of fuel and maintenance expenditures. The proposed standards are slated to be implemented gradually over the model years spanning from 2027 to 2032. Along with this, in March 2020, the US Federal Government issued a mandate stipulating a yearly reduction of 1.5% in automotive fuel consumption and emissions from 2021 to 2026. The US Department of Energy (DOE) highlights that reducing vehicle weight by 10% can yield a significant 6-8% improvement in fuel economy. Consequently, companies have commenced the practice of engine encapsulation using materials such as carbon fiber and glass fiber composites. In addition, rising advancements in materials science and engineering technologies as well as rising demand for sound-free and fuel-efficient vehicles are creating new opportunities for market growth. However, the rising inclination of the automotive sector towards producing electric vehicles restrict market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Engine Encapsulation Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 attributed to the region's advanced manufacturing infrastructure and the burgeoning automotive industry. Moreover, there is a growing emphasis on enhancing fuel efficiency throughout the region, which is anticipated to drive the demand for engine encapsulation in vehicles. Engine encapsulation plays a pivotal role in enhancing aerodynamics, reducing drag, and optimizing thermal management, all of which are instrumental in achieving heightened fuel economy and adhering to stringent fuel efficiency regulations. Asia Pacific is expected to grow at the fastest rate during the forecast period. This expansion is fueled by swift economic growth, resulting in increased disposable income and higher rates of automobile ownership. The escalating demand for innovations geared toward enhancing vehicle performance, comfort, and efficiency is propelling the advancement of engine encapsulation systems, thereby bolstering market growth within the region.

Major market players included in this report are:
BASF SE
Hennecke GmbH
Roechling Group
Furukawa Electric Co., Ltd.
Continental AG
Woco Industrietechnik GmbH
3M Company
Elringklinger AG
Adler Pelzer Holding GmbH
SA Automotive

Recent Developments in the Market:
 In September 2023, Covestro and BASF joined forces to pioneer lightweight engine encapsulation solutions. Through this collaboration, the two chemical giants are working towards the development of engine encapsulation components featuring Covestro polycarbonates and BASF polyamides. This strategic partnership is geared towards reducing vehicle weight while concurrently optimizing fuel efficiency.

Global Automotive Engine Encapsulation Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Material, Vehicle Type, Fuel Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Material:
Carbon Fiber
Polyurethane
Polypropylene
Polyamide
Glass wool

By Fuel Type:
Gasoline
Diesel

By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.