Automotive Encapsulation Market

SKU: DMAUTR727 | Last Updated On: Sep 21 2022 | Available Formats

> Global Automotive Encapsulation Market Expected to reach a high CAGR by 2029: DataM Intelligence

Global Automotive Encapsulation Market is segmented By product type (Body Mounted, Engine Mounted), By material type (Carbon Fiber, Glass, Poly Urethane, Poly Propylene, Foam, Others), By fuel (Diesel, Gasoline), By Application (Light Commercial Vehicles, Heavy Duty Vehicles, Heavy Commercial Vehicles, Commercial Vehicles), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global "Automotive Encapsulation Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).

  • Automotive engine encapsulation is a technique in which the engine of the vehicle is isolated from the external environment to maintain the temperature of the engine and also improve fuel efficiency.

  • According to Nissan, engine encapsulation cuts CO2 emissi0ns by 2.5g/kg and reduces exterior noise by 5db(A). Encapsulation helps the engine to lower the engine cooling rate and provides the first heat during the start of the engine.

  • Thus, it helps reduce the friction between the engine parts and provides a short warm-up time for the engine. Automotive glass encapsulation has evolved from the original design function where more and more glass elements can be introduced into a single window.

  • This is responsible for reducing the overall cost of the vehicle and also improving the design aesthetics of the car.

Metrics

Details

Market CAGR

 High 

Segments Covered

By Product, By Material, By Fuel, By Application, And By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Dynamics

  • Stringent emission norms and the need to reduce the overall automobile noise have pushed the manufacturers to incorporate automotive encapsulation techniques which can result in decreasing the total emissions of the vehicle and also reducing the noise.

  • Major countries of the world imposing stringent norms on automobile emissions is one of the major driving factors of this automotive encapsulation market.

  • According to the Euro 5b tier, which was approved in September 2011 by the European emission standards, the permissible levels of NOx emissions for diesel vehicles were 0.180 g/kg, and particulate matter was 0.005 g/kg. Due to increasing levels of environmental pollution, it has recently launched the Euro 6d mandate which will be approved in January 2020.

  • According to the Euro 6d emission mandates, the allowable limit for NOx emissions is 0.080g/kg and particulate matter emissions are 0.0045 g/kg. Bharat Stage emission standards (BSES) are emission mandates approved by the Government of India to control the emissions of vehicles sold in India.

  • The first emission norms, India 2000 were introduced in the year 2000, and they have improved progressively throughout the years keeping in mind the regulation of environmental pollutants. The recent emission standards Bharat Stage VI will be approved in the year 2020.

  • This will serve as a significant opportunity for global engine manufacturers to make necessary design changes in the engine by incorporating encapsulation techniques. Key market drivers include stringent emission norms, the need for improved fuel efficiency, and the demand for low noise-producing vehicles.

  • According to the International Energy Agency, 2017 witnessed global record sales of 1.1 million electric cars. The sales of electric vehicles have increased by more than 50% in 2017 and China has accounted for nearly half of the sales. The global stock of electric vehicles surpassed 3 million in 2017.

  • This increasing demand for electric vehicles is one of the primary factors hampering the growth of the global automotive encapsulation market. Key market restraints include increasing demand for electric cars, and the high cost of Encapsulation.

  • Materials used for encapsulation like carbon fiber and polyurethane are costly and are widely used for encapsulating luxury vehicles. The present cost of a pound of carbon fiber is 10 whereas steel, on the other hand, costs less than a dollar. Reducing the cost of encapsulation materials may pose a significant challenge for manufacturers of encapsulation materials.

Market Segmentation

  • The global automotive encapsulation market has been segmented by type, material, fuel type, application, and geography.
    Carbon fiber is an expensive material due to its excellent sound absorbing and thermal insulation properties.

  • Therefore, carbon fiber finds its primary application in the luxury light vehicles segment. In 2017, China accounted for 32% Of the global luxury car sales when compared to 29% in 2016.  As the demand for luxury vehicles is increasing around the globe, especially in developing countries like China and India, carbon fiber continues to remain the dominant segment in encapsulation materials.

Geographical Analysis

  • The global Automotive encapsulation market is segmented into North America, Europe, Asia Pacific, South America, and the Rest of the world.

  • The increasing sales of light-duty automobiles in the Asia – Pacific region drive this segment to dominate the global automotive encapsulation market geographically.

  • According to the 2017 International Organization for Motor Vehicle Manufacturers (OICA) sales statistics, 40.7 million passenger cars were sold in the Asia- Pacific region compared to 17.9 million vehicles in Europe.

  • Developing nations like Japan, China, and India are majorly responsible for automobile encapsulation market expansion and the presence of well-established Original Equipment Manufacturers (OEMs) in these regions will help them to upgrade to high-performance encapsulation technologies. China accounts for nearly 61% of the vehicles in the Asia Pacific region followed by Japan and India. New product developments and highly increasing R&D capabilities will help the Asia Pacific region to dominate this market for a significant time frame in the future.

Competitive Trends

  • The major players in the global automotive encapsulation market include Fritz Holding GmbH, AGC Inc, Saint – Gobain Corporation, Trocellen GmbH, Polymer Process Development L.L.C, Rochling Group, Continental AG Corporation, Erling Klinger, Adler Pelzer, Autoneum, Greiner Foam International, and SA Automotive.
    Some of the major players in this market incorporate competitive strategies like mergers and acquisitions to retain their position in the market and also contribute to the growth of their companies.

  • For instance, in November 2018, Rochling Group acquired Scharwtz GmbH Technical plastics advancing its growth strategy with new technologies of large-format cast parts from polyamide. Furthermore, in April 2018, the Adler Group and FSI announce the signing of a binding contract for a partnership focused on the further development of the Adler group by planning a joint venture with Hayashi Telempu in Japan to support new energy vehicle acoustic and thermal solutions.
    New product launches and expansion of facilities are some other vital strategies adopted by most companies to contribute to the growth of the company and improve their market growth rate. Polymer Process Development L.L.C(PDLC), USA extended its production methods in July 2017 to produce smart and switchable encapsulating glass materials. PDLC is one of the few companies in the world to adopt this new emerging technology.  In April 2017, Autoneum Group opened several new facilities around the globe to promote its growth in the field. Some of its new facilities opened up in Hungary, the Czech Republic, China, and other countries.

The scope of the Report:

  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The Global Automotive Encapsulation Market is segmented based on the product type as body-mounted type, and Engine mounted type.

  • Based on the material the market is categorized as carbon fiber, glass, polyurethane, Polypropylene, foam, Poly Vinyl Chloride, and others.

  • Based on the fuel, the market is segmented as – Diesel, Petrol, and Gasoline.

  • Based on the application, the market is segmented as – Light Commercial Vehicles (LCV), Heavy Duty Vehicles (HDV), Heavy Commercial Vehicles (HCV), and commercial Vehicles (EV). Based on geography the market is segmented into – North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

Trending Topics

Automotive Electric Bus Market

Automotive Carbon Thermoplastic Market

Automotive Exhaust Market

FAQ

What is the Growth Rate of the Automotive Encapsulation Market?

Grow at a high CAGR during the forecasting period (2022-2029).

What Companies Are Included in the Encapsulation Market?

Frank Holding GmbH, AGC Inc, Or just- Gobain Corporation, Trocellen GmbH, Polymer Process Development L. T. C., Continental AG Corporation, and Erling Klinger are the firms in the worldwide automotive encapsulation market.

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