Press release
Global NVH Control Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028
The NVH control market is anticipated to grow at a significant CAGR of 6.2% during the forecast period (2022-2028). NVH fabrication refers to the production of noise-reducing components, commonly known as NVH (Noise, Vibration, and Harshness) materials. Parts made of NVH materials are designed to reduce and eliminate unwanted noise and vibration. NVH control market is being driven by rising demand from the automotive industry as a result of severe government mandates for quieter and safer cars. Lower NVH levels influence car-buying decisions, hence NVH controller is widely used in passenger vehicles. In the future, the market is likely to be driven by the increased interest in NVH control in battery-powered light vehicles.The global NVH control market is segmented based on product type and application. Based on product type, the market is sub-segmented into shock absorbers and sound insulation. Among these product types, the shock absorbers segment is expected to propel the growth of the market. Various thermoplastic polymers, engineering resins, and rubbers are used to make absorption materials. Various rubbers, such as EPDM, synthetic rubbers, and NBR, are used in the fabrication of various sections of automobiles to dampen and reduce vibrations experienced by occupants. Rubbers also have good physical features such as high density, heat resistance, weather resistance, and vibration absorption, making them a suitable NVH material. Another NVH material utilized in the absorption application in automobiles is polyurethane foam sheet. Based on the application, the market is sub-segmented into automobiles, industrial, and others.
The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, Mansons launched 'Red Dot' high-temperature NVH components. Mansons International, the supplier of a range of components for the truck and trailer space, launched a slew of products for commercial vehicles, keeping in mind the upcoming BS-VI norms. This series of NVH mounts have been in development and testing for the last 18 months.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BASF SE, Huntsman Corp., 3M & Co., ExxonMobil Corp., Dow Chemical Co., and Sumitomo Riko Co. Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global NVH Control Market is available at:
https://orionmarketreports.com/global-nvh-control-market/105072/
Global NVH Control Market Report by Segment
By Product Type
• Rubber Shock Absorber
• Sound Insulation
By Application
• Automobiles
• Industrial
• Others
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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