Automotive NVH Materials Market Growing With A CAGR Of Around 9% By 2027| BASF, 3M, Huntsman Corporation, Exxon Mobil, WARREN NONWOVENS LIMITED, Covestro, Mitsui Chemicals, Dow, Celanese, Sumitomo Riko Company Limited, Lanxess, Borgers

Recent research and the current scenario as well as future market potential of "Global Automotive NVH Materials Market 2020".

The global automotive NVH materials market is growing with a CAGR of around 9% during the forecast period from 2020-2027.

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The global automotive NVH materials market was valued at USD xx million in 2017 and is estimated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025. Automotive NVH (Noise Vibration Harshness) materials are used for re-ducing noise and vibration in vehicles. The vibration and noise coming from various engine accessories like cooling fans, steering wheel, pedals, and floor are reduced by absorption or insulation through the use of these materials.

Drivers & Restraints

The high growth in the automotive industry, increasing awareness among consumers along with the stringent government regulations for quieter & safer vehicles is driving the market for automotive NVH materials. The awareness among the customers about the advantages of NVH reduction and acoustic management in cars is leading to an increase in NVH materi-als utilization in vehicles. Consumers are demanding for more comfort and safety in the ve-hicles. The manufacturers in the automotive industry are striving to improve the nature & architecture of components by deploying several materials to reduce noise and vibration in vehicles to meet the expectations of the customer. The increasing warranty claims from customers against the vehicle manufacturers for component noise vibration & harshness is also contributing to the growth of the market.

The development and increased usage of substitutes like active noise control system, which helps the manufacturers to achieve noise control without using NVH materials, is a major restraint to the growth of the market.

Segment Analysis

The global automotive NVH materials market report segments the market by type, applica-tion, and vehicle type. The type segment includes rubbers, thermoplastic polymers, and en-gineering resins. The rubber segment is expected to dominate the global automotive NVH materials market in the coming years. The rubber segment has been further sub-segmented as nitrile butadiene rubber (NBR), ethylene propylene diene monomer (EPDM), and others. Due to its unique physical properties such as lightweight, high density and consistency, rub-bers are widely accepted as ideal materials for sound absorption in vehicles. It provides op-timum noise insulation and vibration damping. The growing demand for quieter and safe vehicles is boosting the market for NVH rubber materials. The low cost, high-temperature stability, and fluid resistance of rubber is further contributing to the market growth of the segment.

Further, the report segments the market by the application as absorption, damping, insula-tion, and others. Also, based on the type of vehicle, the market has been segmented as pas-senger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Pas-sengers cars had the largest market share in 2017 owing to the high production output of cars among all the vehicle types. However, the HCV segment is estimated to register the highest growth during the forecast period. It is because of the increasing use of heavy-duty trucks in the logistics and transportation industry for transporting bulky commodities over long distances. Also, the presence of stringent regulations regarding vehicle safety, in terms of vehicle weight and safety standards will propel the demand for lightweight materials in HCVs, and hence it will boost the market for NVH materials in Heavy Commercial Vehicles (HCV).

Global Automotive NVH Materials Market Share - By Type, 2017
Passenger Cars 40%
Light Commercial Vehicles 30%
Heavy Commercial Vehicles 30%

Geographical Analysis

The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and RoW. Asia-Pacific held the largest market share in 2017, and it is expected to continue its dominance during the forecast period. The high demand for NVH materials in the region is primarily due to the growing automotive industry in coun-tries like China, South Korea, India, Japan, Thailand, and Indonesia. Many key players are investing heavily in the region and set up their production facilities in countries like China, Japan, and India. The low manufacturing cost, availability of skilled workforce, and favour-able government policies are the primary reason for the increasing investments in the re-gion. China is the largest consumer of NVH materials in the region and will dominate the Asia-Pacific as well as the global market during the forecast period.

North America and Europe held a significant market share in 2017, and the demand for NVH materials in these regions is primarily boosted by the increasing demand of automobiles coupled with the existing government regulations regarding noise pollution.

Global Automotive NVH Materials Market Share - By Geography, 2017
North America 25%
Europe 25%
Asia-Pacific 40%
South America 5%
Rest of the World 5%

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Key Players

The Global Automotive NVH Materials market is highly fragmented due to the presence of many established and local players around the world. The report profiles the following com-panies-

BASF, 3M, Huntsman Corporation, Exxon Mobil, Warren Nonwoven Ltd., Covestro AG, Mitsui Chemicals, Dow Chemicals, Celanese Corporation, Sumitomo Riko Company Limited, Lanx-ess AG, and Borgers AG. These companies are adopting various growth strategies like mer-gers & acquisitions, expansions and new product developments for enhancing market com-petitiveness.

Why purchase the report?

Visualize the composition of the Automotive NVH Materials market across each indi-cation, in terms of type, color type and end-user highlighting the key commercial as-sets and players.
Identify commercial opportunities in the Automotive NVH Materials market by ana-lyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Automotive NVH Materials market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Automotive NVH Materials market products of all major market players

Target Audience
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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