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.
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314 – Market Data Tables
List of Automotive NVH Materials Key Players Market:
DuPont De Nemours, Inc. (USA)
BASF SE (Germany)
Sumitomo Riko Company Limited (Japan)
Covestro AG. (Germany)
Dow Inc. (USA)
Drivers, Restraints, Opportunities, and Challenges in Automotive NVH Materials Market:
Drivers: Rising demand for cars in emerging markets
Constraints: Installation of active noise control systems
Opportunity: Growing interest in battery and hybrid vehicles
Challenges: NVH materials increase overall vehicle weight
Main results of the study:
By Material Type, Thermoplastic Polymer is expected to grow at the fastest CAGR, in terms of volume, over the forecast period”
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.
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.
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“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.
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“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.
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