Global NVH Materials Market 2019 Outlook & Deep Study of Top Key Players: Covestro AG, Celanese Corporation, Huntsman Corporation, Lanxess AG, and Borgers AG.

NVH Materials Market Overview
Noise, Vibration, and Harness (NVH) materials are specifically used to reduce noise and vibration of vehicles. NVH materials are used within the interiors of the vehicle to reduce noise and vibrations experienced due to occupants in the cabin, while it is also use on the exterior to reduce the noise and vibrations by the vehicle. The key sources of noise from a vehicle include engine, driveline, tires, brakes, and wind. Vibrations are usually experienced at the steering vehicle, seats, armrests, pedals, floor, and doors. NVH materials are acoustic devices which are generally classified as sound absorbing materials, sound barrier materials, and sound damping materials. Sound absorbing materials are porous polyurethane foam and their sound attenuating properties are determined by the normal specific sound absorbing coefficient.

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Fragmented Market
The global NVH materials market is highly fragmented due to the presence of many established and local players across the world. Major players involved in the market include BASF SE, The DOW Chemical Company, Exxonmobil Corporation, 3M Company, Mitsui Chemicals, Inc., Sumitomo Riko Company Limited, Covestro AG, Celanese Corporation, Huntsman Corporation, Lanxess AG, and Borgers AG.

Prevalent Scenario in NVH Materials Market
Rapidly increasing population, fast growing urbanization, and increasing demand for cars are the major drivers for the NVH materials market. According to the International Organization of Motor Vehicle Manufacturers, the global automotive production in 2016 accounted for 94.9 million units of which about 75% share was contributed by cars.

Moreover, there are increasing warranty claims imposed by regulatory authorities in the interest of the customers against the noise, vibration, and harness. This has led the automotive manufacturers to aggressively invest in research and development to develop and incorporate NVH materials in the automotive environment. The consumers are focusing on the vehicle performance in terms of speed, horsepower, fuel economy, comfort, and NVH characteristics which affect their buying decision. Owing to their lightweight and flexibility, the foam laminates are widely used as insulation materials for floor insulation, door insulation, floor lining, and cushioning of vehicles.

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Emerging economies such as China and India are experiencing immense growth in the automobile sector due to rapidly increasing population and rising living standards in these countries. Moreover, abundant availability of raw materials and cheap labor in these countries have led to the key global manufacturers to set up their operation units and cater to the increasing demand for automobile in these countries. This scenario has fueled the growth of the NVH materials in the Asia-Pacific region as compared to North America and Europe.

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This release was published on openPR.