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Surging Electric Vehicle Sales Drive Growth In The Automotive Acoustic Materials Market Driver: Leading Transformation in the Automotive Acoustic Materials Market in 2025
Automotive Acoustic Materials Market
The growth of the automotive acoustic materials market is projected to be propelled by the rising sales of electric vehicles. These vehicles utilize electricity either wholly or partially. Automotive acoustic materials play a crucial role in minimizing the noise within the vehicles, achieved through sound absorption and soundproofing. A record-breaking 1.2 million car buyers in the United States opted for electric vehicles in 2023, constituting 7.6% of the entire U.S. vehicle market, signifying an increase from 5.9% in 2022, according to a Kelley Blue Book report, an entity of Cox Automotive company, released in January 2024. Consequently, the surge in electric vehicles sales is fueling the expansion of the automotive acoustic materials market.
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What Is the projected market size and growth rate for the automotive acoustic materials market?
In previous years, there has been a significant expansion in the automotive acoustic materials market. The market value is projected to increase from $3.71 billion in 2024 to $3.95 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. This growth over the past period is due to factors such as regulatory compliance, the obligation for emission reduction, the rise in urbanization, elevated levels of consumer comfort and expectations, as well as the booming market for electric and hybrid vehicles.
The market size of automotive acoustic materials is anticipated to witness robust expansion in the upcoming years, reaching a value of $5.19 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. This growth during the projected period can be related to increasing self-driving vehicles, customization of vehicle interiors, environmental issues, escalating infrastructure projects, and emerging economic growth. Key trends for the forecast period comprise of solutions specific for electric vehicles, sophisticated noise reduction technologies, tailored interior acoustics, augmented reality audio systems, intelligent materials and sensors.
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What new trends are reshaping the automotive acoustic materials market and its opportunities?
Cutting-edge technology is a prominent trend that is gaining traction within the automotive acoustic materials market. Many top-tier companies engaged in this market are employing new technological strategies, such as Flexi-Loft, a revolutionary, weight-reducing felt-based technology, to maintain their market leadership. For instance, Digital Metal, a Swedish metal additive manufacturing firm, unveiled its DMP/PRO binder jet 3D printer in May 2022. This metal additive manufacturing system utilizes binder jetting technology to painstakingly construct high-precision metal components layer by layer. By selectively applying a binding agent to a powder bed, it can produce highly detailed geometries and components, making it ideal for sectors such as automotive, aerospace, and medical. This printer's high-throughput and scalability features make it perfectly suited for both early-stage prototypes and full-scale production runs.
What major market segments define the scope and growth of the automotive acoustic materials market?
The automotive acoustic materials market covered in this report is segmented -
1) By Material Type: Acrylonitrile Butadiene Styrene (ABS), Fiberglass, Polyvinyl Chloride (PVC), Polyurethane (PU) Foam, Polypropylene, Textiles
2) By Component: Arch Liner, Dash, Fender and Floor Insulator, Door, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray, Other Components
3) By Vehicle Type: Passenger Cars, LCV, HCV
4) By Application: Underbody and Engine Bay Acoustics, Interior Cabin Acoustics, Exterior Acoustics, Trunk Panel Acoustics
Subsegments:
1) By Acrylonitrile Butadiene Styrene (ABS): ABS Sheets, ABS Foam
2) By Fiberglass: Fiberglass Mats, Fiberglass Panels
3) By Polyvinyl Chloride (PVC): Rigid PVC Sheets, Flexible PVC Sheets
4) By Polyurethane (PU) Foam: Rigid PU Foam, Flexible PU Foam
5) By Polypropylene: Polypropylene Sheets, Polypropylene Foam
6) By Textiles: Non-woven Textiles, Woven Textiles, Composite Textiles
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Which region dominates the automotive acoustic materials market?
Asia-Pacific was the largest region in the automotive acoustic materials market share in 2024. The regions covered in the automotive acoustic materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the automotive acoustic materials industry growth?
Major companies operating in the automotive acoustic materials market include Dow Chemical Company, 3M Acoustic Solutions, BASF SE, Covestro AG, Henkel Adhesives Technologies India Private Limited, LyondellBasell Industries Holdings B.V., Sumitomo Riko Co. Ltd., Sika AG, Rockwool A/S, Huntsman International LLC, Johns Manville, Saint-Gobain Ecophon AB, Harman International, Thomas Publishing Company, UFP Technologies Inc., Nihon Tokushu Toryo Co. Ltd., Knauf Insulation Ltd., Owens Corning, DuPont Automotive, ThyssenKrupp Automotive AG, Bridgestone Americas Inc., Metaldyne LLC, Detroit Diesel Corp., Alps Automotive Inc., American Showa Inc., Electrolux AB, LG Electroncis Inc., Miele & Cie. KG, Samsung Electronics Co. Ltd., Panasonic Corporation, Koninklijke Philips N.V., Shanghai Energy New Materials Technology Co. Ltd., Sinoma Science & Technology Co. Ltd., Cangzhou Mingzhu Plastic Co., Teijin Limited, Nitto Denko Corporation
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What Is Covered In The Automotive Acoustic Materials Global Market Report?
•Market Size Forecast: Examine the automotive acoustic materials market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive acoustic materials market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive acoustic materials market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive acoustic materials market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive acoustic materials market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive acoustic materials market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive acoustic materials market.
•Competitive Landscape: Review strategic developments in the automotive acoustic materials market, including expansions, agreements, and new product launches.
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