Global Automotive NVH Materials Market Size of $7.7 billion in 2017


Posted March 2, 2020 by Goal_T

The automotive NVH materials market was valued at $7.7 billion in 2017 and is estimated to reach $12.6 billion by 2024. This market is also expected to observe a CAGR of 7.3% during the forecast period.

 
The automotive NVH materials market was valued at $7.7 billion in 2017 and is estimated to reach $12.6 billion by 2024. This market is also expected to observe a CAGR of 7.3% during the forecast period. The increasing shifting trend of consumers towards comfortable and eco-friendly cars there are several automobile manufacturers who have steadily started utilizing natural constituents such as soya and sugarcane for the enlargement of bio-based polyurethane. Moreover, the utilization of bio-based polyurethane is the major trend witnessed in the growth of global automotive NVH materials market.

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On the basis of application, the automotive NVH materials market is segmented into vibration dampening, insulation, and sound absorption. Among these applications, sound absorption application is expected to witness fastest growth, registering a CAGR of 8.3% during the forecast period. The growing demand for this application is accredited towards large number of complaints observed for undesirable noise from vehicle across the globe. The use of sound absorbing applications helps the automotive manufacturers in enhancing and improving consumer satisfaction and providing them comfort in all aspects. Furthermore, this is expected to propel the growth of automotive NVH materials market across the globe.

Geographically, Asia-Pacific have been contributing largest revenue and is expected to generate $6.2 billion by 2024. Moreover, the growth of this market in this region is due to growth in automotive industry that is enhancing the demand for automotive NVH materials. The largest share of this market is accounted towards increasing usage of automotive NVH materials in the passenger’s vehicles particularly in countries such as India and China. Furthermore, it has been observed that in North America, the U.S. holds largest market for automotive NVH materials and this domination is anticipated to endure during the forecast period.

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Some of the major players operating in the global automotive NVH materials market are Exxon Mobil Corporation, Huntsman Corporation, Mitsui Chemicals Inc., Sumitomo Chemical Company Limited, Covestro AG, 3M Company, Lanxess AG, BASF SE, DowDuPont Inc., and Borgers SE & Co. KGaA


Global Automotive NVH Materials Market Coverage


Type Insight and Forecast 2014 - 2024



Rubber

Foam

Metal sheet

Cork

Polyvinyl Chloride (PVC)

Felt

Others

Application Insight and Forecast 2014 - 2024



Sound Absorption

Insulation

Vibration Dampening

Vehicle Type Insight and Forecast 2014 - 2024



Passenger Vehicles

LCV

HCV

Geographical Segmentation



Automotive NVH Materials Market by Region


North America



U.S.

By Technology

By Vehicle Type

By Application

Canada

By Technology

By Vehicle Type

By Application

Europe



Germany

By Technology

By Vehicle Type

By Application

U.K.

By Technology

By Vehicle Type

By Application

France

By Technology

By Vehicle Type

By Application

Italy

By Technology

By Vehicle Type

By Application

Spain

By Technology

By Vehicle Type

By Application

Netherlands

By Technology

By Vehicle Type

By Application

Rest of Europe

By Technology

By Vehicle Type

By Application

Asia Pacific



Japan

By Technology

By Vehicle Type

By Application

China

By Technology

By Vehicle Type

By Application

India

By Technology

By Vehicle Type

By Application

Indonesia

By Technology

By Vehicle Type

By Application

Thailand

By Technology

By Vehicle Type

By Application

South Korea

By Technology

By Vehicle Type

By Application

Rest of Asia Pacific

By Technology

By Vehicle Type

By Application

Latin America



Brazil

By Technology

By Vehicle Type

By Application

Argentina

By Technology

By Vehicle Type

By Application

Mexico

By Technology

By Vehicle Type

By Application

Rest of Latin America

By Technology

By Vehicle Type

By Application

Middle East and Africa (MEA)



Saudi Arabia

By Technology

By Vehicle Type

By Application

South Africa

By Technology

By Vehicle Type

By Application

UAE

By Technology

By Vehicle Type

By Application

Rest of MEA

By Technology

By Vehicle Type

By Application



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Last Updated March 2, 2020