Press release
Automotive NVH Materials Market Global Trends 2018 Industry Major Vendors – (3M, BASF, Dow chemical, Huntsman Corporation, ExxonMobil)
Automotive NVH Materials Market to grow in the forecast period owing to increasing demand from automobile industry due to strict government protocols for safer and noiseless vehicles is the key driving factor for automotive NVH materials market. Extensive applications of product in passenger vehicles in order to reduce noise, vibrations and harshness levels stimulates the vehicle buying decision is also a major factor for fueling the product demand. Shift in consumer preferences and possible use of product in battery powered light vehicle is anticipated to drive the automotive NVH materials market within upcoming years.Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/1458
Foam laminates based noise and vibration product emerged as the foremost product due to its superior properties which comprises of light weight, good thermal stability & compression and hardness. Usage of foam laminates for insulation of door and floor in commercial and passenger vehicle are the key driving factor for the automotive NVH materials market growth in upcoming years. Additionally, increasing use of foam laminates for cushioning and roof lining in vehicles due to flexibility and light weight of the product is anticipated to uplift the demand of product.
Rubbers are extensively used resource for controlling harshness and absorbing vibrations in vehicles due to their superior properties, includes noise insulation and vibration damping. Low cost, high temperature stability and fluid resistance, makes rubbers the utmost ideal type of product. This, in turn is projected to propel the automotive NVH materials market growth.
Aftermarket services includes customization, replacement parts and maintenance & repair have observed the rapid growth over past period. Growing demand for the customization and auto replacement parts for soundproofing is projected to increase the demand for the automotive NVH materials market over the forecast time frame.
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On the basis of application, absorption segment is anticipated to lead the automotive materials market during forecast time frame. Vibration and noise absorbing resources are manufactured by several products which includes rubber, thermoplastic polymer and resins.
Increasing use of heavy and light commercial vehicle for transportation and logistics has led to the growing need for noise reduction and acoustic features in vehicles which will also drive the product demand in forecasted time frame.
Asia-Pacific led by China and India is anticipated to lead the automotive NVH materials market during projected time frame. High demand for product in this region is attributed to the expansion of production capacity. Increasing investments by foreign companies and rise in living standard are the other major factors for the automotive product growth in Asia pacific.
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Presence of several key market players in the automotive NVH materials market includes 3M Company, BASF SE, Dow chemical company, Huntsman corporation, Sumitomo Riko Company Limited and ExxonMobil Corporation. Some other notable participants include Unique Fabricating Inc., W. KOPP GmbH & Co. KG, ElringKlinger AG and Rogers Foam Cooperation.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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