Automotive NVH Materials Market Size To Reach US$ 16.7 Billion by 2028 | CAGR 5%

According to the latest report published 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.

Automotive noise, vibration, and harshness (NVH) materials reduce unwanted noise, vibrations, and harshness in automobiles, especially buses and cars. Structure- and air-borne sounds can cause discomfort for passengers and hamper the vehicle's durability. Various engine accessories, like steering wheels, cooling fans, floor and pedals, transmit vibration and noise which are reduced using NVH materials. As the use of these materials improves durability, enhances fuel economy and lowers cabin sounds in vehicles, they are being used by automotive manufacturers across the globe. Moreover, an increase in the sales of luxury cars around the world, coupled with the flourishing automotive industry, is providing thrust to the growth of the NVH materials market.

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Automotive NVH Materials Market Trends:

At present, non-woven automobile NVH materials are in constant demand from vendors on account of their lightweight and oil resistance. Besides, manufacturers are widening their product portfolio by employing polyurethane, polypropylene and polyvinyl chloride as NVH materials. Apart from this, governments around the world are implementing strict regulations to reduce vehicle noise levels. For instance, the European Commission adopted a new regulation to reduce noise pollution from passenger vehicles, buses, trucks, coaches, etc. in 2014. In line with this, automobile manufacturers are utilizing NVH materials to minimize unwanted noise. Further, the use of barriers with tunable transmission loss and sound absorbers with tunable frequency response are expected to propel the sales of automotive NVH materials.

Automotive NVH Materials Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the automotive NVH materials market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

BASF SE
The DOW Chemical Company
ExxonMobil
3M Company
Mitsui Chemicals
Sumitomo Riko Company Limited
Covestro AG
Celanese Corporation
Huntsman Corporation
Lanxess AG
Borgers AG.

Key Market Segmentation:

The report has segmented the automotive NVH materials market on the basis of product, vehicle type, application and region

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

Based On Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

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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

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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