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Surging Electric Vehicle Sales Drive Growth In The Automotive Acoustic Materials Market: Transformative Forces Shaping the Automotive Acoustic Materials Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Automotive Acoustic Materials Industry Market Size Be by 2025?
In recent times, the market size for automotive acoustic materials has consistently expanded. This market is expected to increase from $3.71 billion in 2024 to $3.88 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.7%. The growth in this historical period can be credited to a variety of factors, such as adherence to regulations, objectives for emission reduction, the rise of urbanization, heightened comfort and anticipations of consumers, and the expansion of electric and hybrid vehicles.
What's the Long-Term Growth Forecast for the Automotive Acoustic Materials Market Size Through 2029?
The market size for automotive acoustic materials is projected to experience significant expansion in the upcoming years, reaching a value of $5 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The prominent factors driving this growth over the forecast period include the surge of autonomous vehicles, customisation of vehicle interiors, environmental issues, escalating infrastructure projects, and growing economies. Key trends anticipated during the forecast period involve solutions specifically designed for electric vehicles, advanced noise reduction technologies, tailor-made interior acoustics, augmented reality audio, along with smart materials and sensors.
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What Are the Key Growth Drivers Fueling the Automotive Acoustic Materials Market Expansion?
The automotive acoustic materials market is projected to expand due to the rising sales of electric vehicles. These are vehicles that are powered either wholly or partially by electricity. Acoustic materials in automobiles assist in diminishing internal vehicle noise through soundproofing and sound absorption processes, particularly in electric vehicles. As per a report by Kelley Blue Book, a company under US-based Cox Automotive, in January 2024, it was revealed that a record-breaking 1.2 million US car buyers opted for electric vehicles in 2023. This represented 7.6% of the entire US vehicle market, which is a rise from 5.9% in 2022. Hence, the growing preference for electric vehicles is boosting the growth of the automotive acoustic materials market.
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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Acoustic Materials Market?
Advancements in technology are a primary trend gaining traction in the sector of automotive acoustic materials. Major players within this market are adopting novel technologies; an example being Flexi-Loft, a new felt-based technology that lightens the weight of the product in order to maintain their stronghold in this sector. For instance, Digital Metal, a metal additive manufacturing company based in Sweden, debuted the DMP/PRO binder jet 3D printer in May 2022. This system manufactures high-precision metal parts layer by layer by utilizing binder jetting technology, which selectively applies a binder to a powdery bed, thus enabling the creation of detailed geometries and components suitable for sectors such as automotive, aerospace, and medical. The printer is designed for high throughput and scalability, making it perfectly suited for both prototype development and full-scale manufacturing runs.
How Is the Automotive Acoustic Materials Market Segmented?
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 Companies Are Leading the Charge in Automotive Acoustic Materials Market Innovation?
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
Which Regions Are Leading the Global Automotive Acoustic Materials Market in Revenue?
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.
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