Automotive Heat Shield Market Report 2026

The automotive heat shield market size has grown strongly in recent years. It will grow from $15.49 billion in 2025 to $16.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to stricter vehicle emission norms, growth in internal combustion engine vehicles, rising engine downsizing trends, increased turbocharger adoption, demand for component protection from heat.

The automotive heat shield market size is expected to see strong growth in the next few years. It will grow to $21.88 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to expansion of electric and hybrid vehicles, increasing vehicle thermal management complexity, demand for lightweight and fuel-efficient vehicles, growth in commercial vehicle production, advancements in heat-resistant materials. Major trends in the forecast period include lightweight heat shield materials adoption, rising demand for high-temperature resistant designs, increased use of multi-layer and sandwich heat shields, customization of heat shields for advanced powertrains, growth in aftermarket heat shield replacement.

The rising adoption of electric vehicles is significantly contributing to the growth of the automotive heat shield market in the coming years. An electric vehicle (EV) is a vehicle powered by one or more electric or traction motors. The expansion of the electric vehicle market is increasing the demand for specialized heat shields used in battery thermal management systems, as the batteries and other EV components generate heat that must be controlled and dissipated through heat shield technology. For example, in March 2024, the International Energy Agency - a France-based intergovernmental organization - reported that approximately 14 million electric cars were registered worldwide in 2023, representing a 35% increase from the 10.5 million registered in 2022. Electric vehicles accounted for 18% of total car sales in 2023, up from 14% in 2022, with weekly registrations surpassing 250,000. Battery electric vehicles represented 70% of the global electric car fleet in 2023. Therefore, the growing number of electric vehicles is expected to drive the automotive heat shield market.

Major companies in the automotive heat shield market are pursuing a strategic partnership approach to support microbusinesses and microfinance institutions. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in September 2023, Beerenberg, a Norway-based provider of maintenance and modification services, teamed up with aerogel-it, a Germany-based manufacturer of aerogel materials for various applications, including thermal insulation, electric vehicle batteries, and bio-based products. As a result of this partnership, aerogel-it will exclusively distribute and market Oryza aerogel thermal insulation products for the Building & Construction industry in the DACH region and the EV Safe heat shield products for the European Automotive market. Oryza aerogel provides space-saving, energy-efficient thermal insulation for new builds and renovation projects and plays a crucial role in protecting electric vehicle batteries from thermal runaways. This collaboration enhances Beerenberg's portfolio of cost-effective and sustainable solutions by incorporating Oryza aerogel.

In April 2023, Autoneum Holding AG, a Switzerland-based manufacturer of vehicle acoustic and thermal insulation solutions, acquired Borgers Automotive for an undisclosed amount. This acquisition broadened Autoneum’s portfolio by adding textile-based acoustic and insulation materials for vehicles, including heat shields, aligning with the company’s sustainable manufacturing objectives. Borgers Automotive is a Germany-based producer of automotive components focused on heat insulation and acoustic applications.

Major companies operating in the automotive heat shield market are Autoneum Holding AG, Dana Incorporated, ElringKlinger AG, Tenneco Inc, Lydall Inc, Morgan Advanced Materials plc, Sumitomo Riko Co Ltd, Nichias Corporation, Talbros Automotive Components Ltd, Zircotec Ltd, Happich GmbH, Heatshield Products Inc, Thermo-Tec Automotive Products Inc, Alkegen, Sanwa Packing Industry Co Ltd, Technol Eight Group, Futaba Industrial Co Ltd, Bstflex Ningguo Bst Thermal Products Co Ltd, Ningbo Ruihang Autoparts Co Ltd, Murugappa Morgan Thermal Ceramics Ltd.

Asia-Pacific was the largest region in the automotive heat shield market in 2025.Europe was the second-largest region in the automotive heat shield market share. The regions covered in the automotive heat shield market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive heat shield market report are Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.

The automotive heat shield market consists of sales of fixed, or rigid heat shield and flexible heat shield. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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