Automotive Engine Encapsulation- Business Outlook
Automotive Engine Encapsulation is the process of insulating heat and mechanical vibration of an engine from the automobile. The business outlook for the Automotive Engine encapsulation looks positive in the short and medium term. Market research shows encapsulation reduces noise and increases the thermal efficiency of the engine. It retains heat and enhances the performance of the engine by providing oils and other lubricants to perform their best. The thermoplastics are fused to support strictures, which are mounted across the engine. According to Global market database, insulation helps in heat retention for a longer duration, protecting against cold. This helps in preventing difficulties associated with the cold start of the engine, which is a major problem in North America. The luxury car market is the primary user of engine encapsulation, as income increases, demand for quieter cars increases.
Business Outlook of Automotive- Classification and analysis
According to Global market database, Based on material used for encapsulation, the market is classified based on the material used. Carbon fiber, Glasswool, Polyamide, and Polyurethane are a few of them. Carbon fibers are favored over other materials due to their high strength and low weight property. The demand for carbon fiber is projected to grow at a rapid rate. The only disadvantage with carbon fibers is the cost associated with them. They are excessively used in the luxury and premium car segment.
Based on the automobile segment, the market can be segmented into passenger car segments, luxury car segments, and commercial vehicle segments. According to market research tools, the passenger car segment is the fastest-growing segment and is heavily market-driven.
Based on the method of encapsulation employed, the market is divided into body mounting and engine mounting. Insulation material is mounted on the engine in engine mounting, isolating noise produced by the engine. In body mounting type, the entire engine is enclosed inside the isolation box. According to Global market database, the body mounting type has a higher market share. It is easy to design and compatible.
Business Outlook of Car Segment
With aid of the Global market database, market dynamics are analyzed. The market forecast is anticipated to expand further due to stringent government norms on emission and customer emphasis on noise reduction. Encapsulation decreases the wear of engine components and increases the fuel and thermal efficiency of the engine. The growth in the petrol vehicle segment is expected to be higher than diesel. This is due to rigorous emission norms associated with diesel vehicles.
The passenger cars segment is assumed to be a significant booster for encapsulating the market. Due to covid-19, the market contracted, but the growth looks fine. This is due to the rising favorable view on owning a passenger car. According to market research tools, the North American market, which is the biggest for passenger cars, is expected to expand. Governments around the world are striving for policies for firmer adoption of EVs and alternative fuel vehicles, which is anticipated to hamper the market growth. As the need for fuel-efficient engines improves, the demand for automotive encapsulation also increases.
Growth Catalyst for Automotive Engine Encapsulation
According to market research, encapsulation has many benefits, ranging from reduced carbon emissions from vehicles and unwanted noise to enhanced engine performance. As market databases like Global market database suggest, governments around the world are exerting climate change seriously and announcing policy initiatives. Countries are implementing stringent emission regulations and planning higher emissions standards for years ahead, the need for automotive engine encapsulation will improve. Noise reduction is a key parameter in the premium sector. The Semi-premium sector is growing steadily in North America, this is anticipated to further boost the demand for engine encapsulation technology.
According to business outlook, The United States regulations mandate that by 2025, the average fuel economy standard meeting 23.43 km- pl. As per data released by the US Department of Energy, reducing the weight of vehicles by 10% yields an increase of 6-8% in fuel economy. Due to this companies are using lightweight 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 by 2021. Some countries are adopting the Euro standards for emission to further tighten the norms in their respective countries.