Press release
Global Automotive NVH Materials Market Analysis and Industry Forecast 2017 – 2024
Extensive applications of product in passenger vehicles in order to reduce noise, vibrations and harshness levels stimulates the vehicle buying decision is also a major factor for fueling the product demand. Shift in consumer preferences and possible use of product in battery powered light vehicle is anticipated to drive the automotive NHV materials market within upcoming years.
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On the basis of application, absorption segment is anticipated to lead the automotive materials market during forecast time frame. Vibration and noise absorbing resources are manufactured by several products which includes rubber, thermoplastic polymer and resins.
Foam laminates based noise and vibration product emerged as the foremost product due to its superior properties which comprises of light weight, good thermal stability & compression and hardness. Usage of foam laminates for insulation of door and floor in commercial and passenger vehicle are the key driving factor for the automotive NHV materials market growth in upcoming years.
However, NHV materials are of high importance in reducing vibration and noise, the usage of substitute products to control such effects are restraining factor for the product demand. The expansion of active noise control systems for vehicles could hamper the growth of the automotive NHV materials market.
Increasing use of heavy and light commercial vehicle for transportation and logistics has led to the growing need for noise reduction and acoustic features in vehicles which will also drive the product demand in forecasted time frame.
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Presence of several key market players in the automotive NHV materials market includes 3M Company, BASF SE, Dow chemical company, Huntsman corporation, Sumitomo Riko Company Limited and ExxonMobil Corporation. Some other notable participants include Unique Fabricating Inc., W. KOPP GmbH & Co. KG, ElringKlinger AG and Rogers Foam Cooperation.
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Automotive Aftermarket Size By Vehicle Part (Replacement Parts [Belt, Brake, Clutch, Lighting, Electrical, Engine & AC, Exhaust, Filters, Suspension, Transmission, Wiper], Accessories), By Sales Outlet (Professional [Garages & Service Stations, Automobile Dealerships, Government], DIY, OEM), By Region (U.S., Canada, Germany, UK, Russia, China, India, South Korea, Japan, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, GCC), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/automotive-aftermarket
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