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Automotive Engine Encapsulation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The automotive engine encapsulation market is segmented by Product type (Engine Mounted, Body Mounted), by Fuel Type (Gasoline, Diesel), by Material Type (Carbon Fiber, Polyurethane, Polypropylene, Polyamide, Glasswool) and Geography.

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Market Snapshot

Automotive Engine Encapsulation Market Overview
Study Period: 2018 - 2026
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6 %
Automotive Engine Encapsulation Market Key Players

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Market Overview

The automotive engine encapsulation market is expected to register a CAGR of over 6% during the forecasted period (2020 - 2025)

  • Rapid growth in the sales of fuel-efficient and aerodynamically efficient vehicles is fostering the market growth, creating opportunities to manufacturers. Government rules and regulations around the world are promoting fuel-efficient components which is a key driver behind the surge in demand for automotive engine encapsulation market. Its numerous advantages such as reducing carbon emission from vehicles and unwanted airborne noise, increasing fuel efficiency and enhance engine performance are also expected to drive the automotive engine encapsulation market during the forecasted period.
  • Automotive engine encapsulation retains the heat of the engine within the automotive engine compartment and enhances the efficiency and performance of the vehicle engine by allowing oils and lubricants to perform at their best. Moreover, it limits vehicle-generated noise by applying material which includes an acoustic function that ranged up to 5db. Increasing luxury vehicle sales, raising income levels, and consumer awareness is expected to help this market grow during the forecasted period.

Scope of the report

The automotive engine encapsulation market report contains the latest trends and technological developments in the market, demand by Product Type, Fuel Type, Material Type, Geography and share of major players across the globe.

Product Type
Engine Mounted
Body Mounted
By Fuel Type
Gasoline
Diesel
By Material Type
Carbon Fiber
Polyurethane
Polypropylene
Polyamide
Glasswool
Geography
North America
United States
Canada
Rest Of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest Of The World
Latin America
Middle East & Africa

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Key Market Trends

Stringent Government Regulations To Drive The Market Growth

Stringent government regulations for emission control is the primary factor to drive the automotive engine encapsulation market during the forecasted period. Its advantages ranged from reducing carbon emissions from vehicle and unwanted airborne noise, increasing fuel efficiency, and enhance engine performance. As governments from around the world are implementing stringent emission regulations and even are planning to set even higher emissions standards in the coming years, the importance of automotive engine encapsulation will increase. The United States regulations mandate that by 2025, the average fuel economy standard must meet 54.5 miles per gallon. As per the US Department of Energy (DOE), reducing the weight of vehicles by 10% yields an increase of 6-8% in fuel economy. As a result, companies have started using materials like carbon fiber and glass fiber composites for engine encapsulation. EU emission regulations mandate a mere 95 g/Km of CO2 by 2021, with another 15% reduction by 2025, and in 2030, a further 30% reduction from 2021.

According to European directives and standards (2000/53/EC-End Life 0f Vehicles), US Department of Transportation, the automotive manufacturing industry has to follow certain norms in regarding environmentally friendly recycling and dismantling of vehicles, higher fuel efficiency standards, and increase in the use of recyclable materials which offers high potential for the composites market to grow during the forecasted period. A slowdown in global economic growth and structural change in the automotive industry are hurting this market, but during the forecasted period, the automotive encapsulation market is expected to grow.

Automotive Engine Encapsulation Market Key Trends

Asia-Pacific Is Leading the Automotive Encapsulating Market

Chinese automotive exports are heavily influenced by global economy and environmental regulations. Recent changes in the regulations across the world has had little to no impact on the growth rate of sales in 2019. In 2019, around 285,000 commercial vehicles and 725,000 passenger cars were exported from China. Since a few years back, China has been world’s largest car production country. Over one quarter of the global passenger cars were manufactured in China in 2018, exceeding the overall share of the European Union. In other car markets, Chinese car brands enjoy a significant cast advantage over imported cars from international automobile manufacturers. Thus, other developing countries and emerging markets were the main export destinations for Chinese vehicle exports. With rules and regulations changing around the world and introduction of China 6 regulations, Chinese manufacturers are expected to gain momentum, this paired with low labour cost and high technological manufacturing this market is expected to boom during the forecasted period. In terms of material, the carbon fiber segment is expected to expand at a rapid rate during the forecasted period as it is light weight and has high temperature resistance. Most sports cars and high-end vehicles have engine encapsulation made from carbon fiber. In 2017, the carbon fiber market alone reached 23.5 Kt, soaring from 19.9% from a year earlier and sharing 27.9% global total. The figure rose to 26.6 Kt in 2018. In 2018, China produced 12% of the world carbon fiber and ranked 3rd in the global production. The body mounted segment is anticipated to expand at a significant pace during the forecasted period. Most of the mid and luxurt segment passenger vehicles are equipped with body mounted encapsulation, hence the segment is likely to account for a major share of the automotive engine encapsulation market. The growth of middle-class population in the region is driving the sales of automobiles and with above mentioned factors, China is expected to lead the market during the forecasted period.

Automotive Engine Encapsulation Market Growth by Region

Competitive Landscape

The Automotive Engine Encapsulation Market is a fragmented one with players such as Continental AG, Autoneum Holding AG, BASF SE, Trocellen Automotive, etc. dominating the market. The main revenue generation strategy of key players is winning contracts from OEMs and vehicle manufacturers.

Continental AG, Furukawa Electric Co. Ltd, SA Automotive, BASF SE, 3M, Evonik Industries AG, Compagnie de Saint-Gobain SA, Erlingklinger AG, Autoneum Holding AG, Adler Pelzer

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Engine Mounted

      2. 5.1.2 Body Mounted

    2. 5.2 By Fuel Type

      1. 5.2.1 Gasoline

      2. 5.2.2 Diesel

    3. 5.3 By Material Type

      1. 5.3.1 Carbon Fiber

      2. 5.3.2 Polyurethane

      3. 5.3.3 Polypropylene

      4. 5.3.4 Polyamide

      5. 5.3.5 Glasswool

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest Of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest Of The World

        1. 5.4.4.1 Latin America

        2. 5.4.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Continental AG

      2. 6.2.2 Furukawa Electric Co. Ltd

      3. 6.2.3 SA Automotive

      4. 6.2.4 BASF SE

      5. 6.2.5 3M

      6. 6.2.6 Evonik Industries AG

      7. 6.2.7 Compagnie de Saint-Gobain SA

      8. 6.2.8 Erlingklinger AG

      9. 6.2.9 Autoneum Holding AG

      10. 6.2.10 Adler Pelzer

      11. 6.2.11 Trocellen Automotive

      12. 6.2.12 Roechling Group

      13. 6.2.13 Woco Group

      14. 6.2.14 Charlotte Baur Formschaumtechnik GmbH

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Engine Encapsulation Market market is studied from 2018 - 2026.

The Automotive Engine Encapsulation Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2019.

BASF SE, Trocellen Automotive, Continental Tires, Autoneum Holding AG, Roechling Group are the major companies operating in Automotive Engine Encapsulation Market.

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