Press release
Automotive NVH Materials Market to Reach US$ 19.6 Billion, Globally, by 2032 at 4.5% CAGR - IMARC Group
How Big is the Automotive NVH Materials Market?
The global automotive NVH materials market size reached US$ 13.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
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What is Automotive NVH Materials?
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.
Automotive NVH Materials Market Trends:
Currently, there is a consistent demand among vendors for non-woven automobile NVH (Noise, Vibration, and Harshness) materials due to their lightweight nature and resistance to oil. Additionally, manufacturers are expanding their range of offerings by incorporating materials such as polyurethane, polypropylene, and polyvinyl chloride for NVH purposes. Furthermore, governments worldwide are enacting stringent regulations aimed at decreasing vehicle noise emissions.
For example, the European Commission introduced new regulations in 2014 to mitigate noise pollution from various types of vehicles including passenger cars, buses, trucks, and coaches. Consequently, automobile manufacturers are increasingly utilizing NVH materials to mitigate undesirable noise. Moreover, the utilization of barriers with adjustable transmission loss and sound absorbers with adjustable frequency response is anticipated to drive the sales of automotive NVH materials.
Leading Companies Operating in the Global Automotive NVH Materials Industry:
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
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Media Contact:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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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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