NVH Automotive Materials Market To Reach USD 20.73 Billion

New York, December 9, 2021 (GLOBE NEWSWIRE) – NVH Automotive Materials Market Overview: According to a comprehensive research report from Market Research Future (MRFR), NVH Automotive Materials Market Research report: information by type (rubbers, thermoplastic polymers, engineering resins, polypropylene, textile materials) by application (absorption, insulation, insulation and absorber, shock absorber, trunk module, floor module, wheel arches), by type of vehicle (passenger vehicles, LCV (light commercial vehicles) and HCV (heavy commercial vehicles)) Forecast 2030 ”.

Leading industry players presented in the Global Automotive NVH Materials Market report include

  • BASF SE (Germany)
  • The Dow Chemical Company (United States)
  • 3M Company (United States)
  • ElringKlinger AG (Germany)
  • Huntsman Corporation (United States)
  • Sumitomo Riko Co. Ltd (Japan)
  • Covestro AG (Germany)
  • Celanese Corporation United States)
  • Huntsman Corporation (United States)
  • Lanxess AG (Germany)
  • Henkel AG & Co. KGaA (Germany)
  • Wolverine Advanced Materials LLC (United States)
  • Borgers AG (Germany)
  • DuPont (United States) and
  • Eastman Chemical Company (United States)
  • Among others.

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The global automotive NVH materials market is both fragmented and competitive due to the presence of different international and domestic industry players. These players have used countless innovative strategies to stay ahead of the curve and also meet growing customer needs including contracts, partnerships, collaborations, contracts, new product launches, joint ventures, expansions geographic, etc. In addition, they also invest in many research and development activities.

NVH Automotive Materials Market Future Market Research Review

The global NVH automotive materials market will reach $ 20.73 billion at a CAGR of 6.58% by 2030, according to the latest Market Research Future report.

COVID-19 analysis

The proliferation of the novel coronavirus has had a severe effect on the global auto industry. A drop in car sales and production was recorded in the first half of 2020. International trade fell dramatically when severe lockdown measures forced several sectors to close. Border controls and international travel have increased the costs of international trade. Although the auto industry improved somewhat after the recession, it was greatly affected by lower demand. The majority of European countries, including the Czech Republic, Romania, Slovakia, Slovenia, Poland and Hungary, which depend on the automotive sector to increase economic growth and employment, the high degree of integration in global value chains making the auto industry vulnerable to disruption caused by a pandemic. Tighter lending standards and the increased risk of supply chain disruption will likely lead to mergers and acquisitions.


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Automotive NVH Materials Industry

https://www.marketresearchfuture.com/reports/automotive-nvh-materials-market-10729

Conductors

Increased consumer warranty claims to drive market growth

Rising consumer warranty claims against car manufacturers for component vibration and noise harshness will drive the market growth during the forecast period.

Opportunities

Increase production of heavy-duty vehicles to provide solid opportunities

The increasing use and production of heavy duty vehicles in various end-use industries will provide strong opportunities for the NVH automotive materials market during the forecast period.

In addition, some governments around the world have imposed strict noise regulations for cars. Such standard regulations have forced automakers to increase the use of NVH materials like polycarbonate, polyurethanes, and nitrile rubber, as these materials help reduce a car’s noise while ensuring performance and safety. It also stimulates the growth of the market.

Constraints

Greater use of replacements to act as market restraints

The development and also the increased use of alternatives such as active noise control systems may be market restraints during the forecast period.

Challenges

Increase in vehicle weight to act as a market challenge

Increasing vehicle weights may be a challenge for the market during the forecast period.


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Market segmentation

The global automotive NVH materials market has been divided on the basis of vehicle type, application and type.

By type, Rubber segment will dominate the market during the forecast period. The rubber is homogeneous and dense, which makes it a perfect support for absorbing sound and vibrations.

By application, absorption segment will dominate the market during the forecast period. Increasing NVH testing contributes to segment growth.

By vehicle type, the passenger vehicle segment will spearhead the market during the forecast period for growing population, easy access to finance and credit, and increased purchasing power.

Regional analysis

APAC Leading NVH Automotive Materials Market

APAC region will dominate the global automotive NVH materials market during the forecast period. The presence of a well-established automobile industry in India, Japan, Korea and China, long-term investments in driving technology, NVH materials widely used in electric, hybrid and gasoline vehicles, growing demand of passenger cars, a growing population which is increase in the need for cars, better driving comfort, expansion of production capacity, rapid development of the automotive industry, with China being the main consumer of automotive NVH materials, improvement in the level of life which directly affects the market growth, ease of access to raw materials, and low cost labor force add to the growth of the global automotive NVH materials market in the region.

North America to See Significant Growth in NVH Automotive Materials Market

North America will experience significant growth in the automotive NVH materials market during the forecast period. Increase R&D investment in automobiles and mass production techniques, as the United States is the hub of one of the largest automotive industries in the world, with most car manufacturers having engine factories, R&D , transmission factories and test centers in the United States, a global consumer base, available infrastructure, a highly skilled workforce and local and state government initiatives, the presence of top national manufacturers and laws Strict rules governing the fuel economy of vehicles are adding to the growth of the global NVH automotive materials market in the region.

Market segmentation covered by research:

NVH Automotive Materials Market Research Report: Information By Type (Rubbers, Thermoplastic Polymers, Engineering Resins, Polypropylene, Textile Materials) by Application (Absorption, Insulation, Insulation & Absorber, Shock Absorber, Trunk Module, Floor Module, wheel arches), by type of vehicle (Passenger vehicles, LCV (Light Commercial Vehicles) and VHC (Heavy Commercial Vehicles)) Forecast 2030


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