According to a market research report, the “Automotive NVH Materials Market by Material Type (Thermoplastic Polymer, Engineering Resin), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Application (Absorption, Insulation), & Region- Global Forecast to 2027”, Automotive NVH materials market size is projected to reach USD 7.4 billion by 2027 from USD 6.2 billion in 2022 growing at a CAGR of 3.7%. The growing electric vehicle industry draws lucrative opportunities for the automotive NVH materials market. The unwanted noise and vibration caused due to electric motors in EVs offers new developments for automotive NVH solutions.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227596009
This report also provides a comprehensive analysis of the companies listed below:
The key global players in the automotive NVH materials market include DuPont De Nemours, Inc. (US), BASF SE (Germany), Sumitomo Riko Company Limited (Japan), Dow Inc. (US), and Covestro AG (Germany). The global and regional players have sizable shares in the automotive NVH materials market. They are focusing on strategies such as new product launches, acquisitions, and expansions, and partnerships & agreements to expand their businesses globally.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=227596009
DuPont De Nemours, Inc. is a science company devoted to solving challenging problems, while creating measurable and meaningful value for its customers, employees, and shareholders. It operates with three business segments, namely, electronics & industrial, water & protection, mobility & materials. DuPont deals in the manufacture and sales of materials for automotive interiors and safety structures that protect drivers and passengers, improving the driving experience. DuPont high-performance materials are broadly used to help reduce NVH for a more pleasant ride. It offers automotive NVH products through mobility and materials segment. The company is focusing on expanding the availability of its products and services across the globe. This includes R&D centers for innovation that produce materials with high performance applications. Dupont also made an agreement with Celanese Corporation to divest majority of the mobility and materials segment including the engineering polymers business, performance resins and advanced solutions.
BASF SE is a Germany based chemical company which offers chemical products in agriculture, automotive and transportation, chemicals, construction, electronics and electric, energy and resources, furniture and wood, home care, industrial and institutional cleaning, and others. The company offer these products in chemicals, materials, Industrial solutions, surface technologies, nutrition and care, agriculture solutions and other business segments. Apart from all products BASF is major player for the automotive NVH materials such as Basotect, Elastoflex, Cellasto. Company offers these automotive NVH material products through material segment. It covers four main regions across globes: Europe, North America, Asia Pacific and South America, Africa, Middle East. BASF recently started world’s first testing strategy without animal testing. The company strengthened its innovation capabilities in Asia Pacific region at innovation Shanghai. In this expansion, one R&D workshop facility and one extra building are included.
The automotive NVH materials market is expected to witness the fastest Compound Annual Growth Rate (CAGR) in the segment of thermoplastic polymers. These materials are projected to experience rapid growth due to several key factors driving their adoption in the automotive industry. Thermoplastic polymers offer various advantages that make them highly suitable for NVH applications. These advantages include excellent damping properties, lightweight nature, high durability, and the ability to be molded into complex shapes easily. As the automotive industry continues to emphasize weight reduction to improve fuel efficiency and reduce emissions, the demand for lightweight materials like thermoplastic polymers has surged.
The automotive NVH (Noise, Vibration, and Harshness) material market is projected to have its largest market presence in the Asia Pacific region. Asia Pacific is expected to lead the global NVH material market due to several key factors driving its growth. The region’s rapid industrialization and urbanization have led to an increase in vehicle production and sales, resulting in a higher demand for NVH materials to improve driving comfort and reduce noise and vibration levels in automobiles. Additionally, rising consumer disposable income in countries across Asia Pacific has contributed to an uptick in demand for premium and luxury vehicles, further boosting the NVH material market. Moreover, the implementation of stringent regulations and standards related to noise and emission control in countries like China and India has created a strong impetus for automotive manufacturers to integrate advanced NVH materials into their vehicles to comply with these regulations.
Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=227596009
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.