Global Automobile Soundproof Material Market Strategic Assessment & SWOT Analysis 2021-2028| Noico Solutions, Kasai Kogyo, Kojima Industries, KILMAT, Thermo-Tec, SOOMJ, HushMat, FatMat

Global Automobile Soundproof Material Market to Grow Rapidly due to Increasing Applications in End-use Industries

The growing concern about noise is the key factor driving the growth of the worldwide market for Automobile Soundproof Material. During the forecast era, the global demand is projected to be powered by rising industrial growth and intense mechanization. It is also expected that the general growth rate of various industrial sectors, such as the automotive sector, which is at a high rate contributing to economic growth, will drive the growth of the industry in the coming years. Technology must be used according to changing and increasing customer needs, though automotive industry developments have seen an upward trend in the recent past and are expected to see a similar trend during the forecast period for the Automobile Soundproof Material market.

Growth Drivers that Support the Global Automobile Soundproof Material Market:

• Cabin comfort and luxury have become the main focus areas for manufacturers with the increase in demand for automobiles, especially premium passenger cars. The main goal is to ensure that the sound level of the vehicle does not reach the limit that is allowable. In order to respond to the increased emphasis on automotive acoustics and meet the increased demand for acoustic materials, material suppliers are adopting strategies of expansion and new product growth.
• An automotive component's raw material plays an important role in setting the price of the component. The price of raw materials and crude oil varies across the globe. Some of the primary raw materials used in the manufacture of acoustic components are acrylonitrile, ethylene, rubber, polyurethane, polypropylene, and fibreglass.
• In recent years, OEMs have focused on reducing the weight of the vehicle to comply with strict CO2 emission and fuel efficiency regulations. The use of nonwoven fabrics, which have many automotive applications, has increased in the current scenario.
• The Asia Pacific area has emerged as the biggest acoustic materials market. In 2019, Asia Pacific accounted for the greatest production of global vehicles. The area is expected to be the highest, by volume as well as value, market for Automobile Soundproof Material. The enormous output of vehicles in the area gives the acoustic materials industry a tremendous growth opportunity.
• In the world, China is the largest car market. While the country has seen a decline in sales over the last few years, as in 2020, it reported a decline in sales compared to 2019. The China Association of Car Manufacturers (CAAM) announced that the production of vehicles for January through December was 25.22 million units, a decrease of 2.0 percent compared to the same timeframe in the previous year, due to poor overseas demand for Chinese vehicles, while sales were 25,311 million units for 2020 in the same period. The area has a higher potential for growth than markets like North America and Europe that have matured.

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Companies Seek to Expand their Global Foot-Print

• Autoneum unveiled its own ATLAS acoustics measurement technique in August 2020, which enables customers to verify and configure noise-reducing components according to their preference.
• Nissan developed a lightweight noise reduction material in Jan 2020. A lightweight noise-reducing technology known as acoustic mete-material has been developed by Nissan. It consists of a structural lattice and plastic film. It weights one-fourth of conventional rubber boards, but it is sound isolated to the same degree. As the weight is decreased, this will improve the vehicle's fuel economy.

Major companies functioning in the global Automobile Soundproof Material Market are Kasai Kogyo, Noico Solutions, Kojima Industries, Thermo-Tec, KILMAT, SOOMJ, FatMat, HushMat, Xinan Automobile Sound-Insulation Felt.

Market Segmentation:
By Type:
• Sound-proof Foam
• Sound-Insulation Felt
• Sound-proof Mat
• Others

By Application:
• Passenger Cars
• Commercial Vehicles

By Region:
• North America
o North America, by Country
 US
 Canada
 Mexico
o North America, by Type
o North America, by Application

• Western Europe
o Western Europe, by Country
 Germany
 UK
 France
 Italy
 Spain
 The Netherlands
 Rest of Western Europe
o Western Europe, by Type
o Western Europe, by Application

• Asia Pacific
o Asia Pacific, by Country
 China
 India
 Japan
 South Korea
 Australia
 Indonesia
 Rest of Asia Pacific
o Asia Pacific, by Type
o Asia Pacific, by Application

• Eastern Europe
o Eastern Europe, by Country
 Russia
 Turkey
 Rest of Eastern Europe
o Eastern Europe, by Type
o Eastern Europe, by Application

• Middle East
o Middle East, by Country
 UAE
 Saudi Arabia
 Qatar
 Iran
 Rest of Middle East
o Middle East, by Type
o Middle East, by Application

• Rest of the World
o Rest of the World, by Country
 South America
 Africa
o Rest of the World, by Type
o Rest of the World, by Application

Objectives of this report:
• To estimate the market size for automobile soundproof material market on a regional and global basis.
• To identify major segments in the automobile soundproof material market and evaluate theirmarket shares and demand.
• To provide a competitive scenario for the automobile soundproof material market with major developments observed by key companies in the historic years.
• To evaluate key factors governing the dynamics of automobile soundproof material market with their potential gravity during the forecast period.

Reasons to Buy This Report:
• It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
• Market size estimation of the automobile soundproof material market on a regional and global basis.
• A unique research design for market size estimation and forecast.
• Identification of major companies operating in the market with related developments
• Exhaustive scope to cover all the possible segments helping every stakeholder in the automobile soundproof material market.

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This release was published on openPR.