Increasing demand for space exploration and the growing commercial aviation industry are projected to fuel the growth of the global heat shield market at a CAGR of 5% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published a cooked research report on the “global heat shield market” that contains the information from 2019 to 2030. The Heat Shield market is estimated to register a CAGR of 6.32% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Heat Shield market—  Morgan Advanced Materials (U.K.), Dana Holding Corporation (U.S.), Federal-Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Progress-Werk Oberkirch AG (Germany), UGN Inc. (U.S.), and Zircotec (U.K.).ThermoTec Automotive (U.S.), Elringklinger AG (Germany) and others.

Market Highlights

The global heat shield market is accounted for to register a CAGR of 7% during the forecast period and is estimated to reach USD 10.08 billion by 2030.

The growing emphasis on safety and environmental conservation has led to the implementation of more rigorous safety regulations and environmental protection policies in various industries, including aerospace, marine, oil & gas, and others. As a result, there has been an increased adoption of heat shields, which is a significant factor contributing to the growth of the heat shields market.

The automotive industry is the primary consumer of heat shield products, and the demand for these products is increasing due to the industry's focus on fuel efficiency and emission control, as well as the growing production of vehicles.

The heat shield market is experiencing innovation due to the advancements in material technology. The emergence of materials such as polytetrafluoroethylene (PTFE), silica fabrics, and composite materials is enabling the creation of more efficient heat shields. Continuous advancements in material science will likely drive further innovation in the heat shield market.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Heat Shield Market Trends

Segment Analysis

The global Heat Shield market has been segmented based on Material, Product, End User.

Based on material, the market is segmented into Metallic and Non-metallic. The non-metallic segment is likely to grow at a faster pace in the forecast period.

Non-metallic heat shields, such as ceramic fibers, silica, and carbon fibers, have several advantages over metallic heat shields, including lighter weight, superior thermal insulation, and corrosion resistance. As industries such as aerospace, automotive, and industrial demand heat shields that are more durable, lighter, and offer better thermal protection, the demand for non-metallic heat shields is predicted to increase.

Moreover, progress in material science and manufacturing technologies is facilitating the development of new and more efficient non-metallic heat shield materials. These materials are projected to offer even better performance characteristics, such as higher temperature resistance and improved durability, which will further fuel their adoption in various applications.

Further, we estimate that the market segment will continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new products launches.  

Based on product, the global Heat Shield market has been segmented into Exhaust Heat Shield Insulation, Turbo heat shield, Spark plug boot heat shield, Thermal Heat shield sleeving, Firearm heat shield. Turbo Heat Shield segment may experience the most significant growth in the future. Turbochargers are gaining popularity in automobiles because they provide better performance and fuel efficiency. However, turbochargers produce extremely high temperatures that can damage adjacent components and reduce performance if not properly addressed. Therefore, there is increasing demand for turbo heat shields, which can shield nearby parts and enhance the overall system's effectiveness.

Further, based on the end user, the market is segmented into Automotive, Defense, Aircraft, others. The automotive segment had the largest market share in 2022. The automotive heat shield market is the biggest part of the market due to the growing use of turbochargers and engine downsizing in vehicles to improve fuel efficiency and performance. Turbochargers create a lot of heat, so effective heat shielding solutions are necessary.

Regional Analysis

The global Heat Shield market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Heat Shield market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Heat Shield market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Heat Shield market comprises of the Middle East, Africa, and Latin America.

The imperative factors, such as increasing adoption of turbochargers in vehicles and Growth in aerospace and defense spending, are boosting the growth of the North America region. The increasing adoption of turbochargers in vehicles is fueling the expansion of the heat shield market. Turbochargers produce high temperatures that can damage nearby components. Heat shields protect these components from elevated temperatures, ensuring their integrity and longevity. As turbochargers gain more popularity in the North American automotive market, demand for heat shields is anticipated to rise. Additionally, the aerospace and defense industry in North America is experiencing growth, with increased spending on R&D. Heat shields are essential components in aerospace and defense applications, shielding both the vehicle and occupants from the extreme heat generated during flight or re-entry. As spending in this sector ascends, demand for heat shields is projected to multiply.

Moreover, the Europe market has been persistently growing owing to factors such as transition to electric vehicles and growth in the aerospace industry.

Additionally, market factors, such as rapid industrialization and growing automotive industry are driving the Asia-Pacific region’s growth.

Furthermore, the rest of the world's market is divided into the Middle East, Africa, and Latin America. The market factors such as growing oil and gas industry and increasing focus on renewable energy.

Key Findings of the Study

• The global Heat Shield market is expected to reach USD 10.08 billion by 2030, at a CAGR of 5% during the forecast period.


• The Asia Pacific region is currently experiencing rapid growth in the heat shield market due to the region's rapid industrialization, growing automotive industry, and increasing demand for heat shields in various industrial applications.


• Based on end user, the automotive industry segment was attributed to holding the largest market in 2022, with an approximate market share of XX%.


• Morgan Advanced Materials (U.K.), Dana Holding Corporation (U.S.), Federal-Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Progress-Werk Oberkirch AG (Germany), UGN Inc. (U.S.), and Zircotec (U.K.).ThermoTec Automotive (U.S.), Elringklinger AG (Germany) and others, are the key market players.