Automotive NVH Materials Market Size, Share, Trends, Demands, Key Players, Emerging Technologies and Potential of Industry till 2030

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The Automotive NVH Materials Market was valued at US$ 14.19 Billion in 2023. Passenger Vehicles is one of the segments reviewed in the MMR report dominating the global Automotive NVH Materials market.

Automotive NVH Materials Market Overview:

The Automotive NVH (Noise, Vibration, and Harshness) Materials Market was valued at US$ 14.19 billion in 2023, with passenger vehicles dominating the global market. This growth is driven by the rising demand for quieter and safer cars, particularly in APAC and Europe. The automotive industry, governed by stringent regulations, requires vehicles to meet certain NVH standards, thereby fueling the demand for NVH materials. These materials play a crucial role in reducing noise and vibrations, enhancing the overall driving experience.

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Report Scope:

The report provides a comprehensive analysis of the global Automotive NVH Materials Market. It covers market dynamics, segmentation, regional insights, and key drivers, offering stakeholders a detailed understanding of the industry’s current status and future trends. The report also highlights the impact of COVID-19 on the market and explores emerging opportunities and challenges. Additionally, it includes a competitive analysis of key players, providing insights into their market positions, growth strategies, and regional presence.

Drivers:

The primary driver of the Automotive NVH Materials Market is the increasing demand for automobiles, particularly in developing markets. Asia-Pacific, the world’s largest automaker and exporter, plays a significant role in this growth. Countries like China, South Korea, Japan, and India are key production hubs, while Brazil and Turkey are emerging as fast-growing vehicle markets. As demand for cars rises, particularly in developing regions, automotive manufacturers are focusing on enhancing safety and comfort features, leading to increased use of NVH materials.

Luxury cars, known for their superior cabin quality, are a major driver of NVH materials. These vehicles require high levels of noise and vibration control, making NVH materials essential for their production. Additionally, regulatory bodies worldwide enforce stringent noise and safety standards, further driving the demand for these materials. As NVH regulations become stricter, the market for automotive NVH materials is expected to grow significantly.

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Key Players: The key players are

1. BASF SE
2. The Dow Chemical Company
3. Exxonmobil Corporation
4. 3M Company
5. Mitsui Chemicals, Inc.
6. Sumitomo Riko Company Limited
7. Covestro AG
8. Celanese Corporation
9. Huntsman Corporation
10. Lanxess AG
11. Borgers AG
12. Henkel AG
13. Recticel
14. DU Pont.

Segmentation:

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The Automotive NVH Materials Market is segmented by material type, vehicle type, and application. Material types include thermoplastic polymers, engineering resins, and rubbers like EPDM, synthetic rubbers, and NBR. These materials are used in various automotive components to reduce vibrations and noise. Vehicle types include passenger vehicles, commercial vehicles, and electric vehicles. Among these, passenger vehicles dominate the market due to the high demand for noise and vibration reduction in this segment.

In terms of application, NVH materials are used in various automotive parts, including dashboards, doors, roof panels, and engine compartments. These materials help in absorbing and dampening noise and vibrations, improving the overall comfort and driving experience. As the demand for electric and hybrid vehicles grows, new opportunities for NVH materials are emerging, particularly in reducing wind and road noise in quieter electric vehicles.

by Type

Rubbers
Thermoplastic Polymers
Engineering Resins

by Vehicle Type

Passenger Vehicles
LCV
HCV

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Automotive NVH Materials Market Regional Analysis:

APAC is expected to lead the Automotive NVH Materials Market during the forecast period. The region’s growth is driven by the expansion of production capacity and the rapid growth of the automotive industry. China is the largest consumer of automotive NVH materials in APAC, driven by population growth and improving living standards. The availability of raw materials and low-cost labor also contribute to the market’s growth in the region. As major players expand their presence in APAC, the demand for NVH materials is projected to grow at a significant rate.

Europe and North America are also key regions in the market, driven by strict regulatory standards and a high demand for luxury vehicles. In Europe, countries like Germany and France are leading the market, while in North America, the U.S. and Canada are key players. These regions are expected to see steady growth in the demand for automotive NVH materials, driven by ongoing advancements in vehicle safety and comfort features.

COVID-19 Impact Analysis:

The COVID-19 pandemic had a significant impact on the Automotive NVH Materials Market. The automotive industry faced disruptions in production and supply chains, leading to a decline in vehicle sales and, consequently, a reduced demand for NVH materials. However, as economies recover and production resumes, the market is expected to rebound. The pandemic also accelerated the shift towards electric vehicles, creating new opportunities for NVH materials designed for quieter, battery-powered vehicles.

Key Questions Answered:

  • What will be the CAGR of the Automotive NVH Materials market during the forecast period?
  • Which segment emerged as the leading segment in the Automotive NVH Materials market?
  • Who are the prominent players in the Automotive NVH Materials market?
  • What will be the Automotive NVH Materials market size by 2027?
  • Which company held the largest share in the Automotive NVH Materials market?

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