The latest report by IMARC Group, titled “Automotive NVH Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global market reached a value of US$ 11.7 Billion in 2021. Automotive noise, vibration, and harshness (NVH) materials represent tools that are utilized to minimize unwanted noise, vibrations (oscillations due to automobile mechanics), and harshness (the level of discomfort) in automobiles. These materials include various components, such as molded rubbers, metal and film laminates, molded foams, engineering resins, etc., which are used to control air and structure-borne noises. Automotive NVH materials also aid in absorbing noise and preventing it from entering the vehicle, thereby enhancing the ride quality.
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The growing sales of automobiles on account of the expanding population in developing regions are primarily driving the automotive NVH materials market across the globe. In addition to this, the implementation of stringent regulations for reducing vehicle noise levels is also augmenting the demand for NVH materials. Furthermore, several key manufacturers are developing lightweight vehicles with improved fuel efficiency, which assist in enhancing the noise and vibration quality of the cars. Additionally, the rising influence of NVH and Vehicle Refinement Levels on buying decisions, advanced NVH products with innovative technologies, and inflating income levels will continue to propel the automotive NVH materials market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting at a CAGR of 5.5% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- BASF SE
- The DOW Chemical Company
- 3M Company
- Mitsui Chemicals, Inc.
- Sumitomo Riko Company Limited
- Covestro AG
- Celanese Corporation
- Huntsman Corporation
- Lanxess AG
- Borgers AG.
Key Market Segmentation:
Breakup by Product:
- Mixed Textiles Fibers
- Fiber Glass
- Polyester Fiber
- Textile Materials (Synthetic)
- Textile Materials (Cotton)
Breakup by Vehicle Type:
- Passenger Vehicles
Breakup by Application:
- Trunk Module
- Floor Module
- Wheel Arches
- Cockpit Module
- Roof Module
- Engine Casing
- Bonnet Liners
Breakup by Region:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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