Automotive NVH Materials Market to Witness 7.3% CAGR During 2018–2024
by Pooja Karn Research AnalyticsThe automotive NVH materials market was valued at $7.7 billion in 2017 and is estimated to reach $12.6 billion by 2024. This market is also expected to observe a CAGR of 7.3% during the forecast period. Increasing shifting trend of consumers towards comfortable and eco-friendly cars there are several automobile manufacturers who have steadily started utilizing natural constituents such as soya and sugarcane for the enlargement of bio-based polyurethane. Moreover, the utilization of bio-based polyurethane is the major trend witnessed in the growth of global automotive NVH materials market.
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Increasing disposable income, evolving lifestyles and rapid urbanization is expanding the demand for noise regulator products in vehicles. Additionally, the factors that are driving the growth of global automotive NVH material market include increasing demand for lightweight vehicles and expanding demand for automobile across the world. increasing concerns regarding health of humans and safety compliances along with implementation of stringent regulations by government authorities is propelling sustainable market for automotive NVH materials across the globe.
Among all the vehicle types, passenger vehicle has been contributing largest revenue of more than 70.0% in 2017. Incorporation of several safety regulations by the government agencies across the globe along with increasing demand for passenger vehicles is driving the growth of passenger vehicle type in this market across the globe.
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Geographically, Asia-Pacific have been contributing largest revenue and is expected to generate $6.2 billion by 2024. Moreover, the growth of this market in this region is due to growth in automotive industry that is enhancing the demand for automotive NVH materials. The largest share of this market is accounted towards increasing usage of automotive NVH materials in the passenger’s vehicles particularly in countries such as India and China. Furthermore, it has been observed that in North America, the U.S. holds largest market for automotive NVH materials and this domination is anticipated to endure during the forecast period.
Some of the major players operating in the global automotive NVH materials market are Exxon Mobil Corporation, Huntsman Corporation, Mitsui Chemicals Inc., Sumitomo Chemical Company Limited, Covestro AG, 3M Company, Lanxess AG, BASF SE, DowDuPont Inc., and Borgers SE & Co. KGaA
Global Automotive NVH Materials Market Coverage
Type Insight and Forecast 2014 - 2024
Rubber
Foam
Metal sheet
Cork
Polyvinyl Chloride (PVC)
Felt
Others
Application Insight and Forecast 2014 - 2024
Sound Absorption
Insulation
Vibration Dampening
Vehicle Type Insight and Forecast 2014 - 2024
Passenger Vehicles
LCV
HCV
Geographical Segmentation
Automotive NVH Materials Market by Region
North America
U.S.
By Technology
By Vehicle Type
By Application
Canada
By Technology
By Vehicle Type
By Application
Europe
Germany
By Technology
By Vehicle Type
By Application
U.K.
By Technology
By Vehicle Type
By Application
France
By Technology
By Vehicle Type
By Application
Italy
By Technology
By Vehicle Type
By Application
Spain
By Technology
By Vehicle Type
By Application
Netherlands
By Technology
By Vehicle Type
By Application
Rest of Europe
By Technology
By Vehicle Type
By Application
Asia Pacific
Japan
By Technology
By Vehicle Type
By Application
China
By Technology
By Vehicle Type
By Application
India
By Technology
By Vehicle Type
By Application
Indonesia
By Technology
By Vehicle Type
By Application
Thailand
By Technology
By Vehicle Type
By Application
South Korea
By Technology
By Vehicle Type
By Application
Rest of Asia Pacific
By Technology
By Vehicle Type
By Application
Latin America
Brazil
By Technology
By Vehicle Type
By Application
Argentina
By Technology
By Vehicle Type
By Application
Mexico
By Technology
By Vehicle Type
By Application
Rest of Latin America
By Technology
By Vehicle Type
By Application
Middle East and Africa (MEA)
Saudi Arabia
By Technology
By Vehicle Type
By Application
South Africa
By Technology
By Vehicle Type
By Application
UAE
By Technology
By Vehicle Type
By Application
Rest of MEA
By Technology
By Vehicle Type
By Application
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VynZ Research
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Website:https://www.vynzresearch.com
Email: support@vynzresearch.com
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Created on Feb 11th 2019 06:33. Viewed 264 times.
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