Global Automotive Engine Encapsulation Market is predominantly led by the Increasing Production of Vehicles; Asserts MRFR Unleashing the Forecast for 2019−2025

Market Synopsis
The automotive engine encapsulation market is growing rapidly. The market growth attributes to the increased demand for fuel-efficient vehicles and stringent regulations to minimize engine noise and CO2 emissions. The demand for fuel-efficient vehicles is rising with the growing greenhouse gas emissions and reduces the carbon footprint. Besides, continual efforts of automotive OEMs to develop new methods and components escalate the growth of the market.
According to Market Research Future (MRFR), the global automotive engine encapsulation market is poised to create a valuation of over USD 5.5 BN by 2025, registering an impressive CAGR during the assessment period (2019 – 2025). Fuel-efficient vehicles offer improved mileage at decreased fuel costs. Encapsulation reduces the friction between engine parts with improved short warm-up time for the engine, ultimately minimizing CO2 emissions.
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Hence, automotive OEMs continuously develop new methods and components, which boost the market growth, offering full encapsulation to keep engine noise and vibration out of the cabin. Also, the global demand for encapsulation materials is rising continually. The increasing advances in the development of compact size engines drive the demand for automotive engine encapsulation during the review period.
On the other hand, fluctuating prices and the demand-supply gap in raw materials required for automotive engine encapsulation production is a significant factor estimated to impede the market growth. Also, the limited applications of engine encapsulation in electric and hybrid vehicles hamper the growth of the market. Nevertheless, the growing awareness about the environment and increase in demand for low noise vehicles would support market growth throughout the forecast period.

MRFR profiled key global Automotive Engine Encapsulation Market players. They are:
Adler Pelzer Holding GmbH (Germany), Röchling Group (Germany), Autoneum (Switzerland), Greiner Foam International GmbH (Austria), ElringKlinger AG (Germany), Woco Industrietechnik GmbH (Germany), Trocellen GmbH (Germany), Carcoustics (Germany), SA Automotive (US), and Continental Corporation (Germany), among others.
Global Automotive Engine Encapsulation Market - Segmentations
The report is segmented into five dynamics;
By Type : Engine Mounted and Body Mounted.
By Vehicle Type : Passenger Car, LCV, and HCV.
By Material : Polyurethane, Carbon Fiber, Polyamide, Polypropylene, and others.
By Sales Channel : OEM and Aftermarket.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Global Automotive Engine Encapsulation Market - Geographical Analysis
Europe dominates the global automotive engine encapsulation market. In 2019, the region had accounted for the largest as in 35.7% share of the overall market, reaching a valuation of USD 1.4 billion. The region is the fastest-growing market for automotive engine encapsulation, which further impacts the market sales positively. Besides, the presence of several well-established automakers and OEMs in the region influence the growth of the market.
Moreover, stringent emission standards such as Euro 6 and the downsizing of engines to reduce vehicle weight, in turn, increase the demand for engine encapsulation. Furthermore, the augmenting demand for encapsulation technologies and the spurting growth in the automotive industry in the region foster market sales. The European automotive engine encapsulation market is projected to retain its dominance, growing at 5.2% CAGR throughout the estimated period.
The Asia Pacific region stands second in the global automotive engine encapsulation market. In 2019, the region was valued at USD 1.2 billion. The market growth is driven by the increase in automotive production and the demand for technologically advanced vehicles. China and India hold a significant share in the regional market. Also, the growing demand for advanced engine management systems fosters regional market growth.
Additionally, the spurting growth in information and communication technology (ICT), automotive, and transportation industries create a substantial market demand. The APAC automotive engine encapsulation market is projected to create a considerable revenue pocket, growing at 7.5% CAGR during the assessment period.
The North American automotive engine encapsulation market is emerging as the fastest-growing market. Factors such as the growth in the automotive industry across the region and the flourishing OEM market propel the regional market growth brilliantly. Additionally, the augmenting demand for engine covers and shields with superior mechanical and tensile strength and low thermal expansion boost the growth of the regional market.
Moreover, advances in carbon fiber-enabled engine encapsulation systems and a steady rise in the luxury car sales in the US impact the market growth, positively. The automotive engine encapsulation market in North America is estimated to the highest CAGR over the next six years.

Global Automotive Engine Encapsulation Market – Competitive Landscape
Highly competitive, the automotive engine encapsulation market appears fragmented with the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch. Substantial investments are transpired in R&D to develop a completely different technology compared to their competition.
Industry/Innovation/Related News:
July 01, 2020 ---- Sumitomo Bakelite Co., Ltd. (Japan), a leading auto component manufacturer, announced opening a new manufacturing line in Europe to produce epoxy encapsulation materials. The company is aiming to reach sales in the encapsulation compound market of Yen 12 BN by 2025. The new epoxy encapsulation composite materials production line in Belgian production subsidiary would provide local manufacturing capacity for specialist encapsulation materials in the automotive and new mobility fields in Europe.
Looking at the significant demand for these new encapsulation material applications from OEMs and Tier 1s in Europe, the company has decided to place its latest manufacturing line in Belgium at its Vyncolit NV subsidiary.
Key Questions Addressed by the Report
• What was the historic market size (2020)?
• Which segmentation (Product/ Capacity) is driving market?
• What will be the growth rate by 2025?
• How are the key players in this market?
• What are the strategies adopted by key players?
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TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA
3 MARKET LANDSCAPE
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASED DEMAND FOR FUEL-EFFICIENT VEHICLES
4.2.2 STRINGENT REGULATIONS TO MINIMIZE ENGINE NOISE AND CO2 EMISSIONS
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 LIMITED APPLICATIONS OF ENGINE ENCAPSULATION IN ELECTRIC AND HYBRID VEHICLES
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 GROWING TREND OF ENGINE DOWNSIZING
4.5 CHALLENGE
4.5.1 FOCUS ON PUBLIC TRANSPORTATION
4.6 IMPACT OF COVID-19 ON THE GLOBAL AUTOMOTIVE ENGINE ENCAPSULATION MARKET
4.6.1 ECONOMIC IMPACT: IMPACT ON AUTOMOTIVE INDUSTRY
4.6.2 IMPACT ON AUTOMOTIVE PRODUCTION
4.6.3 IMPACT ON AUTOMOTIVE ENGINE ENCAPSULATION INDUSTRY
4.6.4 IMPACT ON WORLD TRADE

List Of Tables

TABLE 1 LIST OF ASSUMPTIONS
TABLE 1 GLOBAL AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 2 GLOBAL AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 3 GLOBAL AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY MATERIAL, 2018–2025 (USD MILLION)
TABLE 4 GLOBAL AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY SALES CHANNEL, 2018–2025 (USD MILLION)
TABLE 5 GLOBAL AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 6 NORTH AMERICA: AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 7 NORTH AMERICA: AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 8 NORTH AMERICA: AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 9 NORTH AMERICA: AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY SALES CHANNEL, 2018–2025 (USD MILLION)
TABLE 10 US: AUTOMOTIVE ENGINE ENCAPSULATION MARKET, BY TYPE, 2018–2025 (USD MILLION)

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