Press release
Increasing Need for Fuel Efficiency in Vehicles to Take Automotive NVH Materials Market Forward
Registering a 7.2% CAGR during the forecast period (2018-2023), the global automotive noise, vibration, and harshness (NVH) materials market is predicted to generate a revenue of $11,467.5 million by 2023, witnessing a substantial increase in revenue from $7,579.8 million in 2017. The factors positively influencing the market growth are the rising demand for light-weight automobiles across the world and advancements in the material sciences field. Substances which have the ability to reduce or block noise, vibration, harshness (NVH) generated from vehicle parts, such as the steering wheel, engine box, and accelerator paddles are referred to as NVH materials.Get a sample copy of the report: https://www.psmarketresearch.com/market-analysis/automotive-nvh-materials-market/report-sample
The automotive NVH materials market is observing the trend of the emergence of bio-based polyurethane. Presently, synthetic polyurethane is used for all automotive NVH applications, as it is light weight and have appreciable acoustic properties. However, with the rising popularity of eco-friendly cars, many manufacturers are focusing on using natural materials, such as soya, felt, and sugarcane fibers for developing bio-based polyurethane. This is easily biodegradable, has lowcost, and helps in noise and carbon emission reduction; all of these properties makebio-based polyurethane more preferred over synthetic materials.
The automotive NVH materials market is witnessing growth due to the advancements in the field of material science. To take care of the noise generated from automobile parts, huge amounts of insulation was used to fill door panels, floors, and roofs. With technical advancements, scientists have been able to develop high-performance acoustic materials, such as biopolymers, natural fiber composites, and recycled materials.These materials offer high air resistance, high density, and high dampening properties, which help in effectively reducing NVH in vehicles.
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Automotive NVH materials market competitive landscape
Some of the major players operating in the global automotive NVH materials market are DowDuPont Inc., Exxon Mobil Corporation, Sumitomo Chemical Company Limited, Huntsman Corporation, Lanxess AG, Covestro AG, 3M Company, BASF SE, Mitsui Chemicals Inc., and Borgers SE & Co. KGaA.
GLOBAL AUTOMOTIVE NVH MATERIALS MARKET SEGMENTATION
By Type
Rubber
Foam
PVC
Metal Sheet
Cork
Felt
Others
By Application
Sound Absorption
Insulation
Vibration Damping
By Vehicle Type
Passenger Vehicles
LCV
HCV
By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
APAC
China
India
Japan
South Korea
Australia
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle-East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
Contact:
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Email: enquiry@psmarketresearch.com
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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