Press release
Automotive NVH Materials Market Current Scenario and Growth Prospects to 2023-2028
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.Request PDF Sample of the Report: https://www.imarcgroup.com/automotive-nvh-materials-market/requestsample
What is Automotive NVH Materials?
Automotive Noise, Vibration, and Harshness (NVH) materials are employed to diminish undesired noise, vibrations, and harsh sensations in automobiles, particularly in buses and cars. Both structural and airborne noises can lead to passenger discomfort and potentially compromise the vehicle's longevity. Numerous components within the vehicle, such as steering wheels, cooling fans, flooring, and pedals, are sources of vibration and noise, but these can be mitigated with the application of NVH materials. These materials not only enhance vehicle durability but also contribute to improved fuel efficiency and reduced cabin noise levels, making them increasingly adopted by automotive manufacturers worldwide. Furthermore, the growing global sales of luxury vehicles, combined with the thriving automotive industry, are propelling the NVH materials market forward.
What are the growth prospects and trends in the automotive NVH materials industry?
Currently, there is a continuous demand among suppliers for non-woven automotive NVH (Noise, Vibration, and Harshness) materials due to their lightweight properties and resistance to oil. Additionally, manufacturers are diversifying their range of products by incorporating materials like polyurethane, polypropylene, and polyvinyl chloride for NVH purposes. Furthermore, governments worldwide are enacting stringent regulations aimed at reducing noise levels in vehicles. For example, in 2014, the European Commission introduced new regulations to mitigate noise pollution from various types of vehicles such as passenger cars, buses, trucks, and coaches. Consequently, automobile manufacturers are utilizing NVH materials to mitigate undesirable noise. Moreover, the adoption of tunable transmission loss barriers and sound absorbers with adjustable frequency responses is anticipated to drive the sales of automotive NVH materials.
Who are the key players operating in the industry?
The report covers the major market players including:
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 and application
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
Ask Analyst for 10% Free Customized Report: 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
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.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
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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