The report [143 Pages] "Automotive NVH Materials Market by Type (Rubbers, Thermoplastic Polymers, Engineering Resins), Application (Absorption, Insulation), Vehicle Type (Passenger Vehicles, LCV, HCV) - Global Forecast to 2021", the global automotive NVH materials market is projected to reach USD 13.52 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021.

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Major manufacturers, such as BASF SE (Germany), ExxonMobil Chemical Company (U.S.), 3M Company (U.S.), The Dow Chemical Company (U.S.), Mitsui Chemicals, Inc. (Japan), Huntsman Corporation (U.S.), Covestro AG (Germany), Celanese Corporation (U.S.), and Sumitomo Riko Company Limited (Japan), are profiled in this report. These companies have adopted both, organic and inorganic growth strategies to grow in the market. BASF SE (Germany) and Sumitomo Riko Company Limited (Japan) are among the major players in the global automotive NVH materials market.

Absorption and insulation are the two application segments of the automotive NVH materials market, of which absorption was the largest application segment in 2015. Vibration absorbing materials are produced using various types of automotive NVH materials, such as rubbers, thermoplastic polymers, and engineering resins. Manufacturers combine various rubbers, such as EPDM, NBR, and other rubbers, to dampen and control the vibrations in vehicles.

Based on vehicle type, the passenger vehicles segment is expected to lead the automotive NVH materials market by 2021. Growth in per capita income and rise in the standard of living in emerging economies are some of the factors propelling the growth of the automotive industry’s passenger vehicles segment. Passenger vehicles are known for their optimum safety and ride comfort, which is why automotive NVH materials find extensive application in passenger vehicles.

Asia-Pacific is the fastest growing region in the automotive NVH materials market. Sumitomo Riko Company Limited (Japan) and Mitsui Chemicals (Japan) are the major producers and distributors of automotive NVH materials in this region. China leads the global automotive NVH materials market. This has led to a rise in international companies setting up their manufacturing plants and sales offices in the country, which, in turn, positively impact the growth of the automotive NVH materials in the region.

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