Automotive NVH Materials Market

SKU: DMCH683 | Last Updated On: Sep 23 2022 | Available Formats

> Global Automotive NVH Materials Market Expected to reach a high CAGR of 6.55% By 2029: DataM Intelligence

Global Automotive NVH Materials Market is segmented By Type (Rubbers, Thermoplastic Polymers, Engineering Resins), By Application (Absorption, Damping Insulation, Others), By Vehicle Type (Passenger Vehicles, LCV, HCV), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global "Automotive NVH Materials Market" is growing with a high CAGR of around 6.55% during the forecast period from 2022-2029.

  • Automotive NVH (Noise Vibration Harshness) materials are used for reducing noise and vibration in vehicles. The vibration and noise coming from various engine accessories like cooling fans, steering wheel, pedals, and floor are reduced by absorption or insulation through the use of these materials.

Metrics

Details

Market CAGR

6.55%

Segments Covered

 By Type, By Application, By Vehicle Type, And By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Drivers and Restraints

  • The high growth in the automotive industry, increasing awareness among consumers along with stringent government regulations for quieter & safer vehicles is driving the market for automotive NVH materials.

  • The awareness among the customers about the advantages of NVH reduction and acoustic management in cars is leading to an increase in NVH materials utilization in vehicles.

  • Consumers are demanding more comfort and safety in their vehicles. Manufacturers in the automotive industry are striving to improve the nature & architecture of components by deploying several materials to reduce noise and vibration in cars to meet the expectations of the customer.

  • The increasing warranty claims from customers against the vehicle manufacturers for component noise vibration & harshness are also contributing to the growth of the market.

  • The development and increased usage of substitutes like active noise control system, which helps manufacturers to achieve noise control without using NVH materials, is a significant restraint to the growth of the market.

Market Segmentation Analysis

  • The global automotive NVH materials market report segments the market by type, application, and vehicle type. The type segment includes rubbers, thermoplastic polymers, and engineering resins. The rubber segment is expected to dominate the global automotive NVH materials market in the coming years.

  • The rubber segment has been further sub-segmented as nitrile butadiene rubber (NBR), ethylene propylene diene monomer (EPDM), and others.

  • Due to their unique physical properties such as lightweight, high density, and consistency, rubbers are widely accepted as ideal materials for sound absorption in vehicles.

  • It provides optimum noise insulation and vibration damping. The growing demand for quieter and safe vehicles is boosting the market for NVH rubber materials.

  • The low cost, high-temperature stability, and fluid resistance of rubber are further contributing to the market growth of the segment.

  • Further, the report segments the market by the application of absorption, damping, insulation, and others. Also, based on the type of vehicle, the market has been segmented as passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Passenger cars had the largest market share in 2017 owing to the high production output of vehicles among all vehicle types.

  • However, the HCV segment is estimated to register the highest growth during the forecast period. It is because of the increasing use of heavy-duty trucks in the logistics and transportation industry for transporting bulk commodities over long distances.

  • Also, the presence of stringent regulations regarding vehicle safety, vehicle weight, and safety standards will propel the demand for lightweight materials in HCV, and hence it will boost the market for NVH materials in Heavy Commercial Vehicles (HCV).

Market Geographical Share

  • The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and RoW. Asia-Pacific held the largest market share in 2017, and it is expected to continue its dominance during the forecast period.

  • The high demand for NVH materials in the region is primarily due to the growing automotive industry in countries like China, South Korea, India, Japan, Thailand, and Indonesia. Many key players are investing heavily in the region and setting up their production facilities in countries like China, Japan, and India.

  • The low manufacturing cost, availability of a skilled workforce, and favorable government policies are the primary reason for the increasing investments in the region. China is the largest consumer of NVH materials in the area and will dominate the Asia-Pacific as well as the global market during the forecast period.

  • North America and Europe held a significant market share in 2017, and the demand for NVH materials in these regions is primarily boosted by the increasing demand for automobiles coupled with the existing government regulations regarding noise pollution.

Market Key players

  • The Global Automotive NVH Materials market is highly fragmented due to the presence of many established and local players around the world.

  • The report profiles the following companies- BASF, 3M, Huntsman Corporation, Exxon Mobil, Warren Nonwoven Ltd., Coventry AG, Mitsui Chemicals, Dow Chemicals, Celanese Corporation, Sumitomo Riko Company Limited, Lanxess AG, and Borgers AG. These companies are adopting various growth strategies like mergers & acquisitions, expansions, and new product developments for enhancing market competitiveness.

Trending Topics

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FAQ

What is the Growth Rate of the Automotive NVH Materials Market?

Growing with a high CAGR of around 6.55% during the forecast period from 2022-2029.

Which Companies are Included in the Automotive NVH Materials Market?

Borgers AG, Dow Chemicals, Celanese Organization, Sumitomo Riko Company Limited, BaSF, 3 M, Exxon Mobil, Warren Nonwoven Ltd.

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