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Noise, Vibration, and Harshness (NVH) Material Market Size, Competitive Landscape, Revenue Analysis, 2021-2031
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Overview of NVH Materials:
NVH materials are automotive components used to absorb sound and vibration, mitigating noise, vibration, and harshness to provide passengers with a comfortable driving experience. These materials are utilized to reduce noise and vibration from various engine accessories, such as steering wheels, cooling fans, floors, and pedals. The demand for NVH materials is expected to rise as automotive manufacturers prioritize noise control and reduction in both passenger and commercial vehicles to enhance fuel efficiency, minimize interior noise, and improve durability.
Key Market Segments:
Material: The thermoplastic polymer segment dominated the market in 2021, capturing over two-fifths of the global NVH material market revenue and is projected to maintain its lead through 2031. Meanwhile, the engineering resins segment is anticipated to exhibit the fastest CAGR of 6.1% during the forecast period.
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Application: The absorption segment contributed to nearly one-fifth of the market share in 2021 and is expected to remain dominant by 2031. Conversely, the damping segment is forecasted to witness the fastest CAGR of 5.9% during the forecast period.
End-Use Industry: The automotive segment accounted for the highest share in 2021, generating approximately half of the global NVH material market revenue. Meanwhile, the consumer goods segment is projected to register the fastest CAGR of 6.1% during the forecast period. The report also covers the aerospace and power tools segments.
Region: Asia-Pacific held the largest market share in 2021, contributing more than two-thirds of the global revenue. Additionally, it is expected to exhibit the fastest CAGR of 5.9% from 2022 to 2031. Other regions analyzed include North America, Europe, and LAMEA.
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Key Players:
Leading players in the global NVH material market include 3M, BASF SE, Borgers SE & Co. KGaA, Dow, Eagle Industries, Inc., Henkel Corporation, Huntsman International LLC., NITTO DENKO CORPORATION, Roush Enterprises, and Sumitomo Riko Company Limited. These companies have implemented various strategies such as partnerships, expansions, and collaborations to strengthen their position in the industry. The report provides insights into the business performance and developments of these key players.
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