Press release
At a CAGR of 5.5%, Automotive NVH Materials Market to Reach US$ 16.3 Billion by 2027
The global market reached a value of US$ 11.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting at a CAGR of 5.5% during 2022-2027.
NVH is a term referred to describe the noise, vibration, and harshness of a car. Automotive noise, vibration, and harshness materials (NVH) help minimize such issues in automobiles, especially in buses and cars. The materials are largely used to reduce the noise and vibration transmitted by the engine accessories, such as floor and pedals, cooling fans, and steering wheels. The air-borne and stricture sounds can hamper the durability of the vehicle and cause discomfort to the passengers. Thus, NVH materials are witnessing huge demand in the automotive industry to improve durability, lower cabin sounds in vehicles, and enhance fuel economy.
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The rising sale of luxury cars and surging per capita income of the consumers are some of the key factors primarily accelerating the market growth. The governments of various countries are implementing stringent regulations to reduce vehicle noise levels, which is creating a positive outlook for the market. Moreover, the rapidly expanding automotive industry and rising focus on noise cancellation and acoustic management in passenger cars are factors providing a significant boost to the market growth. Additionally, the key manufacturers are now employing polyurethane, polypropylene, and polyvinyl chloride, as NVH materials to widen their product portfolio, which is driving market growth across the globe.
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Key Market Segmentation:
Based On Product:
Polyurethane
Mixed Textiles Fibers
Fiber Glass
Polyester Fiber
NBR
Polypropylene
PVC
Textile Materials (Synthetic)
Textile Materials (Cotton)
Based On Vehicle Type:
Passenger Vehicles
LCV
HCV
Based On Application:
Trunk Module
Floor Module
Wheel Arches
Cockpit Module
Roof Module
Engine Casing
Bonnet Liners
Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape:
BASF SE
The DOW Chemical Company
ExxonMobil
3M Company
Mitsui Chemicals, Inc.
Sumitomo Riko Company Limited
Covestro AG
Celanese Corporation
Huntsman Corporation
Lanxess AG
Borgers AG.
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/automotive-nvh-materials-market
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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