Aluminum heat shields are aluminum sheets or foils used in the manufacturing of heat insulating shields; these shields are majorly used in automotive and defense applications. They are designed to shield components from absorbing excessive heat either by dissipating, reflecting, or simply absorbing the heat. Major companies operating in the global aluminum heat shield market are Dana Holding Corporation (U.S.), Federal-Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), ElringKlinger AG (Germany), Progress-Werk Oberkirch AG (Germany), Thermo-Tec Automotive Products (U.S.), and Zircotec Ltd. (U.K.).
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Key companies have adopted various strategies such as expansions, partnerships, agreements, collaborations, acquisitions, and new product launches in order to gain competitive advantage in the market. The growing demand of aluminum heat shields from emerging economies has resulted in a surge of strategic initiatives undertaken by market players. Companies are also making investments to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the global aluminum heat shield market.
Federal-Mogul Holding Corporation (U.S.) is one of the leading producers of aluminum heat shield products. The company is focusing on new product launches as well as business expansion strategies to strengthen its market position and consolidate its financial position in the global aluminum heat shield market. For instance, in April 2015, the company announced the development of a new sealing and gasket manufacturing plant in Nanchang, China. This plant will produce steel cylinder heat gaskets, exhaust manifold gaskets, bonded pistons, and heat shields, which, in turn, will increase the company’s operational capacity by 50%. Moreover, in December 2014, the company introduced a new product named Protexx Shield, which provides superior insulation and high resistance to contamination by fluids. In October 2014, the company established a new ‘system protection’ manufacturing facility in Changshu, China, to support domestic customers in automotive, high-speed rail, and aviation sectors.
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Autoneum Holdings AG (Switzerland) is another leading player in the global aluminum heat shield market. The company adopted expansions, new product developments, and joint ventures as key growth strategies to grab market opportunities that are prevailing in the global aluminum heat shield market. For instance, in June 2014, the company established a new manufacturing site (Autoneum Korea Ltd.) to develop thermal management components in South Korea. With the establishment of this new facility, the company also expanded the scope of its existing RIMIC technology. The new technology is used in the manufacture of a wide range of lightweight, multifunctional heat shields that offer effective protection against high-frequency sounds by combining aluminum with a sound absorber.
Apart from expansions and new product launches, companies have also adopted agreements, joint ventures, collaborations, and mergers & acquisitions to sustain their growth in the global aluminum heat shield market between 2011 and 2015.
