IMARC Group, a leading market research company, has recently released a report titled "Automotive NVH Materials Market Report by Product (Polyurethane, Mixed Textiles Fibers, Fiber Glass, Polyester Fiber, NBR, Polypropylene, PVC, Textile Materials (Synthetic), Textile Materials (Cotton)), Vehicle Type (Passenger Vehicles, LCV, HCV), Application (Trunk Module, Floor Module, Wheel Arches, Cockpit Module, Roof Module, Engine Casing, Bonnet Liners), and Region 2024-2032". The study provides a detailed analysis of the industry, including the automotive nvh materials market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global automotive NVH materials market size reached US$ 13.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Request to Get the Sample Report: https://www.imarcgroup.com/automotive-nvh-materials-market/requestsample
Factors Affecting the Growth of the Automotive NVH Materials Industry:
- Growing Demand for Comfort and Ride Quality:
The ongoing shift towards enhancing comfort and ride quality, driving the need for noise, vibration, and harshness (NVH) materials, is one of the major factors boosting the market growth. Moreover, the growing demand for a quiet and smooth driving experience, which necessitates the integration of advanced NVH solutions, is catalyzing the market growth. Along with this, the increasing investment in research and development (R&D) to create materials that can effectively dampen noise and vibrations, leading to a more pleasant driving environment, is fostering the market growth. Furthermore, the rise in electric vehicles (EVs), amplifying the focus on NVH materials as EVs make road noise and vibrations more noticeable, is anticipated to drive the market growth.
- Rapid Advancements in Material Science and Technology:
The rising innovations in polymers, composites, and acoustic materials, leading to the development of more effective and lightweight NVH solutions, are positively impacting the market growth. In line with this, they offer superior noise and vibration-damping properties, contributing to overall vehicle weight reduction and enhancing fuel efficiency and performance. Moreover, the increasing utilization of sustainable and recyclable materials that align with the shift towards environmental sustainability is propelling the market growth. In addition to this, the development of nanotechnology, enabling the creation of materials with enhanced acoustic properties at the microscopic level, is fueling the market growth.
- Increasing Automotive Production and Sales:
The steady growth in production and sales of automobiles is positively impacting the market growth. Moreover, the surge in automotive production due to rising incomes, urbanization, and increasing vehicle ownership is fueling the market growth. In line with this, the growing demand for NVH materials, as manufacturers aim to enhance the quality and competitiveness of their vehicles, is bolstering the market growth. Additionally, the ongoing trend towards lightweight vehicles, driven by stringent fuel efficiency and emission norms, bolstering the need for advanced NVH materials that do not add significant weight, is catalyzing the market growth. Moreover, the rising emphasis on driver comfort and reduction in noise-induced fatigue in the commercial sector is favoring the market growth.
Automotive NVH Materials Market Report Segmentation:
By Product:
- Polyurethane
- Mixed Textiles Fibers
- Fiber Glass
- Polyester Fiber
- NBR
- Polypropylene
- PVC
- Textile Materials (Synthetic)
- Textile Materials (Cotton)
Polyurethane represented the largest segment due to its excellent noise absorption properties and versatility in various automotive applications.
By Vehicle Type:
- Passenger Vehicles
- LCV
- HCV
- Passenger vehicles accounted for the largest market share as it constitutes the majority of automotive production and has a higher demand for NVH solutions to enhance comfort.
By Application:
- Trunk Module
- Floor Module
- Wheel Arches
- Cockpit Module
- Roof Module
- Engine Casing
- Bonnet Liners
On the basis of application, the market has been divided into trunk module, floor module, wheel arches, cockpit module, roof module, engine casing and bonnet liners.
Regional Insights:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Asia Pacific’s dominance in the automotive NVH materials market is attributed to the significant growth in automotive production and increasing vehicle ownership in several countries.
Global Automotive NVH Materials Market Trends:
The burgeoning integration of smart materials, such as piezoelectric and shape memory alloys, that offer dynamic responses to noise and vibrations while adapting in real-time to varying conditions is positively influencing the market growth. Moreover, the increasing utilization of active noise control (ANC) technology in automotive applications by generating sound waves that counteract incoming noise, thus reducing unwanted sounds, is fostering the market growth. Moreover, the advent of autonomous vehicles, emphasizing the need for superior NVH solutions to ensure passenger comfort in a variety of new scenarios, is boosting the market growth.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=1149&flag=C
Top Companies Operated in Automotive NVH Materials Industry:
- BASF SE
- The DOW Chemical Company
- ExxonMobil
- 3M Company
- Mitsui Chemicals, Inc.
- Sumitomo Riko Company Limited
- Covestro AG
- Celanese Corporation
- Huntsman Corporation
- Lanxess AG
- Borgers AG
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Comments