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The automotive engine encapsulation industry, with prominent players, such as BASF SE, Hennecke GmbH, Roechling Group, Furukawa Electric Co., Ltd., Continental AG, and Woco Industrietechnik GmbH holds a market share of ~20-25%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.
Major players operating in the automotive engine encapsulation industry include: