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APAC is estimated to be a major contributor to this growth owing to presence of large automotive production facilities across countries like India, Japan, and China. Meanwhile, the automotive engine encapsulation market of Europe is expected to witness lucrative growth on the back of stringent regulations rolled out to reduce carbon emissions.
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Automotive Engine Encapsulation Market Trends, Analysis & Forecast,2027
Continued… The automotive engine encapsulation market is projected to be driven by the need for efficient thermal insulation solutions for engine bay by automakers. Integration of such thermal solutions can help reduce carbon emissions, noise, and enhance vehicle fuel efficiency. Car manufacturers are extensively focusing on improving their engine design, which is inciting the need for more efficient & higher temperature insulation materials that provide better heat protection, and can lower vibration. Manufacturers and suppliers operating in the automotive engine encapsulation market are making efforts to improve their offerings by utilizing materials that have high specific thermal conductivity, heat capacity, and reflectivity & emissivity. Firms are capitalizing on growing their production capacity. For instance, in 2018, Dana Limited opened its new manufacturing facility in China. This innovative manufacturing facility was developed to produce thermal management solutions for new energy & conventional vehicles.
KeyInsights Total Knee Replacement Market: • However, the COVID-19 pandemic has impacted the automotive engine encapsulation market severely. Due to severe lockdowns and restrictions imposed by governments globally, automotive production has adversely been affected. With this, overall sales of the automotive engine encapsulation could likely be impacted in the year 2021.
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Major Companies Total Knee Replacement Market: • Bocholt • UFP Technologies Inc. • Röchling Group • Continental AG • TROCELLEN AUTOMOTIVE • Greiner Foam • Charlotte Baur Formschaumtechnik GmbH • BASF SE
Regional Total Knee Replacement Market: • APAC is estimated to be a major contributor to this growth owing to presence of large automotive production facilities across countries like India, Japan, and China. Meanwhile, the automotive engine encapsulation market of Europe is expected to witness lucrative growth on the back of stringent regulations rolled out to reduce carbon emissions. • Countries like Spain, Russia, and Germany have some of the world’s leading automakers that house large scale automotive production facilities. Based on these factors, it is estimated that the Europe automotive engine encapsulation market may record up to 3.5% CAGR over the estimated timeframe of 2021 to 2027.
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