Automotive NVH Materials Market to be valued at USD 7.4 Billion by 2027 globally, at a CAGR of 3.7%, according to MarketsandMarkets™

0

MarketsandMarkets Research Pvt. ltd.

Chicago, Nov. 11, 2022 (GLOBE NEWSWIRE) — The world Automotive NVH Materials Market size is expected to reach USD 7.4 billion by 2027, at a CAGR of 3.7% from USD 6.2 billion in 2022according to the recent MarketsandMarkets™ study. The automotive NVH materials market is mainly driven by the increasing use of different types of materials such as thermoplastic polymers, engineering resins and others including rubbers, textile materials in products used as automotive NVH materials in industry automotive for the various automotive sectors. parts such as automobile interior and exterior. Moreover, it is also driven by the rapid development of the industrial sector in emerging economies such as China, India, Mexico and Brazil.

Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227596009

Browse in-depth TOC on “Automotive NVH Materials Market”

314 – Market Data Tables

56- Numbers

266- Pages

List of Automotive NVH Materials Key Players Market:

  1. DuPont De Nemours, Inc. (USA)

  2. BASF SE (Germany)

  3. Sumitomo Riko Company Limited (Japan)

  4. Covestro AG. (Germany)

  5. Dow Inc. (USA)

  6. Others

Drivers, Restraints, Opportunities, and Challenges in Automotive NVH Materials Market:

  1. Drivers: Rising demand for cars in emerging markets

  2. Constraints: Installation of active noise control systems

  3. Opportunity: Growing interest in battery and hybrid vehicles

  4. Challenges: NVH materials increase overall vehicle weight

Main results of the study:

  1. By Material Type, Thermoplastic Polymer is expected to grow at the fastest CAGR, in terms of volume, over the forecast period”

  2. By vehicle type, heavy-duty vehicles, the heavy-duty vehicles segment is expected to grow at the fastest CAGR, in terms of volume, over the forecast period.

  3. By region, North America is expected to be the second largest market after Asia-Pacific for automotive NVH materials market, during the forecast period, in terms of value and volume.

Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=227596009

“Thermoplastic Polymer is expected to grow at the fastest CAGR, in terms of volume, over the forecast period”

Thermoplastic polymers are expected to be the fastest growing segment, in terms of volume, over the forecast period. These polymers are widely used as a preliminary material in manufacturing NVH products which are used in automotive applications for interior, exterior, engine, chassis and different other automotive parts, where the property of controlling NVH levels is a major concern.

“The heavy-duty vehicle segment is expected to grow at the fastest CAGR, in terms of volume, during the forecast period.”

Heavy-duty vehicle type is expected to be the fastest growing segment in the global automotive NVH materials market, in terms of volume, during the forecast period. Due to the increase in infrastructure projects in emerging markets, the need for mass transportation of supplies and raw materials has increased. The need for mass transportation has led to an increase in the demand for HCV, thus driving the demand for automotive NVH materials.

Request 10% customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=227596009

“North America is expected to be the second largest market after Asia-Pacific for automotive NVH materials market, during the forecast period, in terms of value and volume.”

North America is the most promising regional market for polymers and related industries, including automotive NVH materials. The United States dominates the North American automotive NVH materials market with maximum share. Canada and Mexico are the other main markets for automotive NVH materials in the region. The factor contributing to the growth of the North American market for automotive NVH materials are associations such as FMVSS, CMVSS, and NHTSA, which regulate vehicle and road safety standards in the United States and Canada.

Browse adjacent markets Foam and Insulation Market Research Reports & Advice

Related reports:

  1. sodium lactate market

  2. coated fiber market

  3. Monolithic Ceramics Market

  4. Nanofiber market

  5. Polypropylene (PP) Compounds Market

  6. lithium-ion battery recycling market

  7. battery recycling market

  8. Cathode Materials Market

CONTACT: 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. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. 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. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]
Share.

About Author

Comments are closed.