Automotive NVH Materials Market Report, Size, Share, Growth, Trends and Forecast 2023-2028

According to the latest report by IMARC Group, titled "Automotive NVH Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,' the global automotive NVH materials market size reached US$ 12.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028

Automotive noise, vibration, and harshness (NVH) materials are mainly used to reduce unwanted vibrations and harshness in automobiles, especially in cars and buses. They are beneficial in controlling structure-borne and air noises and noises generated from the interior components of the vehicle, which can otherwise negatively affect the durability of the car and cause discomfort to the passengers. These materials also enhance fuel economy, improve durability, and lower cabin sounds. As a result, they are witnessing huge demand to offer optimum comfort and improve ride quality.

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The rising sale of luxury cars and increasing consumer per capita income are some of the primary factors driving the market growth. The rapidly expanding automotive industry is acting as another major growth-inducing factor. Additionally, key manufacturers are using polypropylene (PP), polyvinyl chloride (PVC), and polyurethane (PU) as standard NVH materials to expand their product portfolio. They are also developing lightweight vehicles to improve the noise and vibration quality of the vehicles, which is providing an impetus to the market growth. Furthermore, governments of several nations are implementing stringent regulations to reduce vehicle noise levels, which is creating a positive outlook for the market.  Other factors, such as evolving lifestyles and rapid technological advancements, are bolstering the market growth.

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Automotive NVH Materials Market 2023-2028 Competitive Analysis and 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

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1149&flag=C

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Some of these key players include:

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.

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.

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Contact Person: Elena Anderson
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Phone: +1-631-791-1145
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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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