Automotive NVH Materials Market 2022 Demands, Size, Share, Opportunity and Global Outlook – BASF, The Dow, 3M, ElringKlinger, Huntsman Corp., Sumitomo Riko

The Automotive NVH Materials market is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

Automotive NVH Materials Market Overview

The global Automotive NVH Materials market is expected to exhibit a CAGR of over 6.1% to reach a value of around USD 17.7 billion by the end of the forecast period of 2021-2028. Automotive NVH materials are used to reduce unwanted noise, vibrations (oscillations induced by mechanics), and harshness (degree of discomfort). NVH materials include moulded rubbers, metal and film laminates, moulded foams, and engineered resins. NVH materials are in high demand due to their capacity to absorb noise and keep it out of the vehicle, decreasing discomfort and improving ride quality.

Automobile sales in emerging markets like India and China have gradually increased, and government mandates to lower vehicle noise are driving up demand for NVH materials in these areas. Also, manufacturers are designing lightweight cars with better fuel economy, which affects the vehicle’s noise and vibration. Automakers are focusing on M&A to increase their NVH solution portfolio. Changes in lifestyles and increased incomes are the major reasons driving automotive NVH market expansion.

Automotive NVH Materials market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Automotive NVH Materials Market are, BASF SE (Germany), The Dow Chemical Company (US), 3M Company (US), ElringKlinger AG (Germany), Huntsman Corporation (US), Sumitomo Riko Co. Ltd (Japan), Covestro AG (Germany), Celanese Corporation US), Huntsman Corporation (US), Lanxess AG (Germany), Henkel AG & Co. KGaA (Germany), Wolverine Advanced Materials, LLC (US), Borgers AG (Germany), DuPont (US) and Eastman Chemical Company (US)

Most important Segments of Automotive NVH Materials market covered in this report are,

By Type

Based on Type, the global automotive NVH Materials market has been divided into rubbers, thermoplastic polymers, engineering resins, polypropylene, textile materials, fiberglass, mixed textile fiber, polyester fiber, textile materials (synthetic), and textile materials (cotton). The rubbers segment recorded the largest market share in 2021. Rubber is dense and consistent, which makes it an ideal medium to absorb sound and vibration. These properties also allow for an even distribution of sound and vibration across the material. Increasing demand for refinement in a vehicle, noise, vibration, and harshness is likely to drive the rubbers segment revenue growth.

By Application

By Application, the global automotive NVH market has been segmented as absorption, insulation, insulator & absorber, damper, trunk module, floor module, wheel arches, cockpit module, roof module, engine casing & bonnet liners, and wheels. The absorption segment grows at the fastest rate during the forecast period. The growing NVH tests are anticipated to drive the demand for the automotive NVH materials market.

By Vehicle Type

By Vehicle Type, the global automotive NVH materials market has been bifurcated into passenger vehicles, LCV (Light Commercial Vehicles), and HCV (Heavy Commercial Vehicles). The passenger vehicles segment recorded the largest market share in 2021 and is anticipated to grow steadily during the forecast period. The growing population, increased spending power, and easy access to credit and funding are key factors that boost the passenger vehicles segment.

Automotive NVH Materials Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Automotive NVH Materials Market.
• Automotive NVH Materials Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Automotive NVH Materials Market market-leading players.
• Conclusive study about the growth plot of Automotive NVH Materials Market for forthcoming years.
• In-depth understanding of Automotive NVH Materials Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Automotive NVH Materials Market.

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The global Automotive NVH Materials market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Regional Analysis

APAC is expected to dominate the global automotive NVH materials market due to China, Korea, Japan, and India’s highly established vehicle industry and long-term investment in driving technology. The market in Europe is projected to witness high demand for automotive NVH materials due to the region’s growing strict emission, fuel consumption, and noise regulations. Major contributors to the market growth include Germany, the UK, France, and Russia. The North American market for automotive NVH materials is driven by the increasing research and development investments in automobiles and mass production techniques. Moreover, the presence of significant domestic manufacturers, combined with stringent laws governing vehicle fuel economy, is projected to be a substantial factor driving the North America automotive NVH materials market growth.

LIST OF TABLES

TABLE 1 GLOBAL AUTOMOTIVE NVH MATERIALS MARKET, BY TYPE, 2018–2028 (USD BILLION)

TABLE 2 GLOBAL AUTOMOTIVE NVH MATERIALS MARKET, BY APPLICATION, 2018–2028 (USD BILLION)

TABLE 3 GLOBAL AUTOMOTIVE NVH MATERIALS MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)

TABLE 4 GLOBAL AUTOMOTIVE NVH MATERIALS MARKET, BY REGION, 2018–2028 (USD BILLION)

TABLE 5 NORTH AMERICA AUTOMOTIVE NVH MATERIALS MARKET, BY COUNTRY, 2018–2028 (USD BILLION)

TABLE 6 NORTH AMERICA AUTOMOTIVE NVH MATERIALS MARKET, BY TYPE, 2018–2028 (USD BILLION)

TABLE 7 NORTH AMERICA AUTOMOTIVE NVH MATERIALS MARKET, BY APPLICATION, 2018–2028 (USD BILLION)

TABLE 8 NORTH AMERICA AUTOMOTIVE NVH MATERIALS MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)

TABLE 9 US AUTOMOTIVE NVH MATERIALS MARKET, BY TYPE, 2018–2028 (USD BILLION)

TABLE 10 US AUTOMOTIVE NVH MATERIALS MARKET, BY APPLICATION, 2018–2028 (USD BILLION)

TABLE 11 US AUTOMOTIVE NVH MATERIALS MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)

TABLE 12 CANADA AUTOMOTIVE NVH MATERIALS MARKET, BY TYPE, 2018–2028 (USD BILLION)

TABLE 13 CANADA AUTOMOTIVE NVH MATERIALS MARKET, BY APPLICATION, 2018–2028 (USD BILLION)

TABLE 14 CANADA AUTOMOTIVE NVH MATERIALS MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)

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