The goal of the most recent market intelligence research, named “Global Automotive Noise Vibration and Harshness Materials Market,” is to give the target audience the knowledge they need to make informed decisions. The study includes a thorough analysis of the key drivers, obstacles, opportunities, restrictions, threats, and micro- and macroeconomic factors that affect the Automotive Noise Vibration and Harshness Materials Market. The current market environment and the underlying development possibilities are thoroughly examined in the research.
The global automotive Noise, Vibration, and Harshness (NVH) materials market size is expected to reach USD 8.96 Billion at a steady revenue CAGR of 3.7% in 2032. NVH and vehicle refinement levels influence buying decisions and can be attributed to the steady revenue growth of the automotive Noise, Vibration, and Harshness (NVH) materials market. Vehicle design must meet high requirements for Noise, Vibration, and Harshness (NVH) performance.
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Therefore, when creating new car models and components, refinement is one of the key engineering/design aspects that must be taken into consideration. Vehicle noise and vibration refinement offer an overview of the noise and vibration refinement principles, approaches, advanced experimental and modeling techniques, and palliative treatments required in the process of vehicle design, development, and integration to meet noise and vibration standards. For engineers working in the automobile sector who are trying to overcome the technological obstacles in the way of creating quieter, more comfortable cars.
A significant factor that is expected to restrain market revenue growth is the installation of active noise control systems. When NVH levels are decreased, a vehicle’s overall weight rises. In order to reduce the levels of NVH in their automobiles, automakers including GM, Ford, BMW, and Toyota have developed unique and extreme approaches.
In view of the current COVID-19 pandemic, the growth of the Automotive Noise Vibration and Harshness Materials industry is expected to be significantly affected, especially due to movement restrictions and lockdowns affecting supply and demand. There has been a significant impact of the COVID-19 pandemic on several sectors of the global market. The Automotive Noise Vibration and Harshness Materials sector is expected to be affected too. The economic slowdown and dynamic changes in the demands will also adversely affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Automotive Noise Vibration and Harshness Materials industry.
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Competitive Outlook:
The global Automotive Noise Vibration and Harshness Materials market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Automotive Noise Vibration and Harshness Materials market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Companies profiled in the global Automotive Noise Vibration and Harshness Materials market:
BASF SE, DOW, Covestro AG, Celanese Corporation, 3M, Henkel Adhesives Technologies India Private Limited, DuPont, Eastman Chemical Company, Huntsman Corporation, Sumitomo Riko Company Limited
Market Scope:
One of the report’s central components is the broad Automotive Noise Vibration and Harshness Materials market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Segments Covered in this report are:
-
Application Outlook (Revenue, USD Million; 2019–2032)
- Absorption
- Insulation
-
Material Type Outlook (Revenue, USD Million; 2019–2032)
- Thermoplastic Polymers
- Engineering Resins
- Others
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Vehicle Type Outlook (Revenue, USD Million; 2019–2032)
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report addresses the following key points:
The report estimates the expected market size from 2023-2032
The report provides a forecast of market drivers, restraints, and future opportunities for the Automotive Noise Vibration and Harshness Materials market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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