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Automotive NVH Materials Market Size

  • Report ID: GMI1458
  • Published Date: May 2020
  • Report Format: PDF
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Automotive NVH Materials Market Size

Automotive NVH Materials Market size valued at USD 10.8 billion in 2019 and will grow at 6.4% CAGR from 2020 to 2026. Increasing adoption of lightweight materials coupled with rising demand for fuel efficient vehicles are the major driving factor for NVH materials.

 

Automotive NVH Materials Market
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Rising demand for superior handling and comfort in vehicle is escalating the adoption of materials offering absorbing and dampening properties. Emergence of manufacturing techniques aimed at decreasing vehicle weight owing to stringent government regulation and simultaneously maintaining optimum acoustic level will boost automotive NVH materials industry growth. Moreover, shifting inclination towards autonomous and electric vehicles will support the materials demand.
 

Automotive NVH Materials Market Report Attributes
Report Attribute Details
Base Year:2019
Automotive NVH Materials Market Size in 2019:10,773.7 Million (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:6.4%
2026 Value Projection:13,901.5 Million (USD)
Historical Data for:2016 to 2019
No. of Pages:225
Tables, Charts & Figures:245
Segments covered:Material, NVH Treatment, Vehicle
Growth Drivers:
  • Increasing consumer demand of vehicle comfort with reduced NVH levels
  • Rising consumption of plastics in automotive production
  • Technological advancements associated with NVH materials
Pitfalls & Challenges:
  • High volatility in the prices of raw materials
  • Temporary closure of manufacturing facilities due to COVID-19
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Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of automotive NVH materials was valued over USD 10.8 billion in 2019.

The industry share of automotive NVH materials is projected to witness 6.4% growth rate during 2020 to 2026.

According to the analysts at GMI, the polypropylene segment is poised to observe around 7% growth rate through 2026.

Asia Pacific market accounted for around 50% revenue share in 2019, says this research report by Global Market Insights Inc.

The prominent players operating in market include 3M, BASF, ElringKlinger AG, The Dow Chemical Company, NVH Korea, Boyd Corporation, Vibroacoustic AG, Fostek Corporation, Sumitomo Riko, Covestro AG, Autins.

Absorber & insulator NVH treatment segment will register substantial gains in the coming years on account of its large-scale coverage for vibration isolation and absorption application.

Automotive NVH Materials Market Scope

  • Automotive NVH Materials Market Size
  • Automotive NVH Materials Market Analysis
  • Automotive NVH Materials Market Share

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    Premium Report Details

    • Base Year: 2019
    • Companies covered: 15
    • Tables & Figures: 245
    • Countries covered: 19
    • Pages: 225
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