Global Automotive NVH Materials Market Size By Material Type (Rubber, Resins, Thermoplastic Polymer, Fabric-like Materials), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Geographic Scope And Forecast

Automotive NVH Materials Market Size And Forecast

Automotive NVH Materials Market size was valued at USD 6.21 Billion in 2022 and is projected to reach USD 9.48 Billion by 2030, growing at a CAGR of 3.93 % from 2024 to 2030.

The Global Automotive NVH Materials Market is experiencing market growth due to the rising demand for passenger cars in developing countries, expanding EV market, and the growing use of vehicles for an easy lifestyle. Another major factor for the expansion of the Automotive NVH Materials Market includes the growing disposable income of the global population, which is encouraging the rising demand for passenger cars. The Global Automotive NVH Materials Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive NVH Materials Market Definition

Automotive NVH materials are materials used for improving consumer satisfaction through effective management of vehicle noise, vibration, and harshness. NVH materials generally include molded rubbers, engineering resins, metal and film laminates, molded foams, and many others. Based on the material type, we have segmented the global automotive NVH materials into rubber, resins, thermoplastic polymer, fabric-like materials, and others. Thermoplastic polymers are extensively used across the automotive industry for various applications. Many of the vehicle components are manufactured using thermoplastic polymers because of their easy molding and resistance to heat, electricity, and chemical corrosion. These materials are implemented in passenger cars, light commercial vehicles, and heavy commercial vehicles.

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Global Automotive NVH Materials Market Overview

The primary growth factors for the Global Automotive NVH Materials Market include rising demand for vehicles in developing countries, increasing disposable income of the global population, and the rapidly expanding EV market. Developing countries, especially Asian and African countries, are experiencing rapid industrial growth along with the expansion of cities. The major reason behind this industrial growth is the increasing foreign investment, as Asian countries offer cheap yet skilled labor to Western companies.

Furthermore, Asia is geographically positioned to ensure easy export of goods to Europe as well as the Americas. Because of this, the local population is getting paid a handsome amount to support their basic needs. This encourages them to spend on lifestyle-based products such as vehicles. Asia also has a leading position in the global EV market, as China has shown massive development in the EV industry. Because of such market developments, Asia has secured a leading position in the Global Automotive NVH Materials Market.

Global Automotive NVH Materials Market Segmentation Analysis

The Global Automotive NVH Materials Market is Segmented on the basis of Material Type, Vehicle Type, and Geography.

Automotive NVH Materials Market, By Material Type

• Rubber
• Resins
• Thermoplastic Polymer
• Fabric-like Materials
• Others

Based on Material Type, the market is segmented into Rubber, Resins, Thermoplastic Polymer, Fabric-like Materials, and Others. The thermoplastic polymer segment controlled the greater share of the Global Automotive NVH Materials Market by material type. Thermoplastic polymers have excellent resistance to higher temperatures, chemical corrosion, and electricity. Thermoplastic polymers can change their shape when exposed to higher temperatures, provided they are not getting burned. Because of such unique features, thermoplastic polymers have found extensive applications in various industries, including the automotive industry.

Automotive NVH Materials Market, By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. The passenger cars segment exerted greater control over the Global Automotive NVH Materials Market by vehicle type. With the rising demand for vehicles, the passenger cars segment has benefitted the most, especially in developing countries. With the improving lifestyle and better payment, the population in developing countries are opting for vehicles, which have become a necessity in the current world.

Automotive NVH Materials Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on geography

the Global Automotive NVH Materials Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia Pacific region dominated the Global Automotive NVH Materials Market by geography due to its well-established and rapidly expanding automotive sector. Native players in the Asia Pacific region are experimenting with different fuel types, which offer a range of vehicles for every customer group.

Key Players

The “Global Automotive NVH Materials Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Huntsman Corporation, Celanese Corporation, Covestro, 3M, Exxon Mobil, The Dow Chemicals Company, Warren Nonwoven Ltd, BASF SE, Mitsui Chemicals Inc, and Borgers AG.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2022, Dupont signed an agreement with Celanese Corporation for the divestment of its mobility and materials segment.
• In November 2020, BASF SE launched a new product under its Ultracure brand which is based on engineering resin and uses the Ultracure 3D technology by the company.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Automotive NVH Materials Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces Model

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Automotive NVH Materials Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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