Press release
Automotive Acoustic Materials Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Automotive Acoustic Materials Market
What Is the Projected Growth of the Automotive Acoustic Materials Market?
The market size of automotive acoustic materials has witnessed robust growth in the past few years. It is projected to escalate from $3.71 billion in 2024 to $3.95 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. The historic growth of the market can be tied back to factors such as compliance with regulations, targets for emission reduction, rise in urbanization, customer comfort and expectations, as well as the increase in electric and hybrid vehicles.
In the forthcoming years, the automotive acoustic materials market is predicted to witness substantial expansion. The estimated market value is expected to be $5.19 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.1%. The anticipated growth can be linked to the surge in autonomous vehicles, the trend of customizing vehicle interiors, environmental considerations, the rise in infrastructure initiatives, and evolving economies' growth. Trends expected over this forecast period encompass solutions specific for electric vehicles, pioneering soundproofing technologies, personalized interior acoustic designs, augmented reality sound, along with smart materials and sensors.
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What Are the Different Automotive Acoustic Materials Market Segments?
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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What Are the Primary Drivers Shaping the Automotive Acoustic Materials Market?
The growth of the automotive acoustic materials market is foreseen to be driven by the surge in electric vehicle sales. Electric vehicles, which use electricity to function entirely or partially, employ automotive acoustic materials to decrease interior noise through soundproofing and absorption. In January 2024, Kelley Blue Book, a Cox Automotive firm based in the US, published a report showing that in 2023, a record number of 1.2 million US car purchasers opted for electric vehicles. This represented 7.6% of the total U.S. vehicle market, an increase from 5.9% in 2022. Consequently, the escalating sale of electric vehicles acts as a catalyst for the expansion of the automotive acoustic materials market.
Which Companies Are Leading in the Automotive Acoustic Materials Market?
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
What Are the Major Trends Shaping the Automotive Acoustic Materials Market?
Technological innovation is becoming a prevalent trend in the automotive acoustic materials industry. Renowned companies in this industry are launching new technologies such as Flexi-Loft, an innovative felt-based technology, to reduce the weight of their products and maintain their market position. For instance, in May 2022, Digital Metal, a metal additive manufacturing firm based in Sweden, unveiled the DMP/PRO binder jet 3D printer. This is a unique metal additive manufacturing system that utilises binder jetting technology to produce intricate, high-precision metal components layer by layer. The binding agent selectively applied to a powder bed enables the creation of sophisticated geometries and components, making it suitable for various industries, such as automotive, aerospace, and medical. The printer is designed to be scalable and provide high throughput, making it perfect for both prototype creation and full-scale production.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Acoustic Materials Market?
2. What is the CAGR expected in the Automotive Acoustic Materials Market?
3. What Are the Key Innovations Transforming the Automotive Acoustic Materials Industry?
4. Which Region Is Leading the Automotive Acoustic Materials Market?
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