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Automotive Noise, Vibration And Harshness Materials Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Automotive Noise, Vibration And Harshness Materials Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the automotive noise, vibration, and harshness materials industry. This report on automotive noise, vibration, and harshness materials market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automotive noise, vibration and harshness materials market size has grown strongly in recent years. It will grow from $12.67 billion in 2023 to $13.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to regulatory compliance, consumer demand for quieter vehicles, global automotive production growth, government support, market growth in emerging economies.
The automotive noise, vibration and harshness materials market size is expected to see strong growth in the next few years. It will grow to $18.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to electric vehicle (EV) growth, rise in autonomous vehicles, urbanization trends, rise in disposable income. Major trends in the forecast period include enhanced testing and measurement, integration of NVH simulation, multi-material solutions, customization for vehicle segments, integration of smart materials.
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Key Market Players:
Dow Chemical Company, 3M Company, Sumitomo Riko Co. Ltd., Covestro AG, Huntsman International LLC, Celanese Corporation, Eastman Chemical Company, Nihon Tokushu Toryo Co. Ltd., Second Skin Audio Inc., FatMat Sound Control, HushMat Inc., Soundproof Cow LLC, GT Sound Control Inc., Wolverine Advanced Materials LLC, Silent Coat UK Ltd., DuPont de Nemours Inc., Exxon Mobil Corporation, Lanxess AG, Saudi Basic Industries Corporation, Goodyear Tire & Rubber Company, Yokohama Rubber Company Limited, H.B. Fuller Company, Sika AG, Autoneum Holding AG, Nitto Denko Corporation, Henkel AG & Co. KGaA, W. L. Gore & Associates Inc., Borgers SE & Co. KGaA, Megasorber Pty Ltd., Silentium Ltd., Vibracoustic GmbH, ElringKlinger AG, Rogers Corporation, Saint-Gobain S.A.
Market Drivers:
According to the Automotive Noise, Vibration And Harshness Materials Market Report 2024 by The Business Research Company, the key factors driving the growth of the automotive noise, vibration, and harshness materials market, includes the rising number of households globally. A household is a family or a collection of people who reside together. Home insurance provides a complete defense against a range of dangers for people's households, other residential buildings, and their belongings. For instance, in June 2024, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government administrations, the number of privately owned home completions in May 2024 was 1,518,000 on a seasonally adjusted yearly basis increased by 5.0% from 1,446,000 in May 2022.
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Market segments for home insurance include:
1) By Type: Rubber, Plastic And Foam, Fibers, Other Types
2) By Vehicle: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
3) By Application: Absorber, Isolator, Damper
4) By End User: Hood, Trunk, Chassis, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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