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Automotive Acoustic Materials Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3526

Automotive Acoustic Materials Market size is projected to exhibit a substantial growth rate from 2022 to 2028 with the growing significance of vehicle acoustics as a quality criterion among consumers. The car owners now prefer lesser noise and vibration for a smoother ride. Moreover, the stringent norms established by the government authorities regarding the limits for external noise levels have also instigated the demand for automotive acoustic materials over the past few years.
 

Automotive acoustical materials are available in a variety of fabrics, foams, metals, etc. that are widely used to reduce the noise in automobiles to increase the safety and comfort of passengers.
 

Various prominent automakers and OEMs are continuously engaged in the development of these efficient and cost-effective materials that can offer greater comfort to their consumers. These initiatives are expected to enhance the overall market space in the future.
 

In terms of application, the overall automotive acoustic materials market is expected to witness an appreciable growth from the interior segment by the end of 2028, owing to the emerging trend of noiseless vehicle interiors in the automotive industry, where it is considered as an important product feature regarding perceived quality. Several automakers incorporate an appropriate balance between acoustic materials and noise sources levels for the same.
 

With regards to the vehicle type, PCV segment is estimated to witness notable growth over the analysis timeframe of 2022-2028 owing to the increasing sales of passenger vehicles across the globe. This has urged the major automakers to focus on incorporating advanced acoustic solutions in their vehicles to effectively serve a large customer base. For instance, in 2020, HARMAN International partnered with Hyundai Motor Company to introduce the first ever active road noise cancellation system. The new technology has been adopted in the latter’s Genesis GV80 SUV.
 

Based on the regional terrain, Asia Pacific is expected to emerge as a significant hub for automotive acoustic materials market by the end of 2028. This can be ascribed to the thriving automotive sector coupled with the strong presence of various leading automakers in the region. According to the China Association of Automobile Manufacturers, the growth rate for the country’s domestic passenger car sales is estimated to reach 10% in 2021.
 

The major players in automotive acoustic materials market space include BASF SE, 3M, DOW Chemicals, Covestro, Huntsman International LLC, LyondellBasell, Henkel, Sika AG, Toray Industries, Harman International Industries, Inc., (Samsung Electronics), E. I. du Pont de Nemours and Company, Tex Tech Industries, Rockwool international, Fabri-Tech components, Thomas net (Thomas Industrial Network, Inc.), and Saint-Gobain Ecophon AB among others. The companies are essentially focusing on the development of innovative offerings and collaborations to gain a competitive edge in the market.
 

To illustrate, in 2021, Huntsman joined a high-impact innovation project- BIOPOL4MOTIVE with an aim to produce polyurethane foams to make car acoustic interiors more sustainable by applying highly bio-based content.
 

COVID-19 impact on automotive acoustic materials market trend

The lockdown restrictions across the globe following the COVID-19 outbreak had made a serious impact on the overall automotive industry as the manufacturing processes and supply chains were disrupted. Besides, the industry has also been affected by the global chip shortage which led to a significant decline in vehicle production. However, with the gradual lifting of restrictions, automotive production is increasing steadily which will considerably contribute to the expansion of the market.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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