Dublin, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The "Noise, Vibration, and Harshness Materials Market: Market Size, Trends, Opportunities and Forecast by Industry Vertical, Material, Application, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.
Global Noise, Vibration, and Harshness (NVH) Materials Market was valued at USD 13.56 billion and is expected to grow at a CAGR of 6.3% during 2025-2030.
The Noise, Vibration, and Harshness (NVH) Materials Market is experiencing significant growth, driven by the rising demand for enhanced comfort, safety, and performance in automotive vehicles and other industries such as aerospace, electronics, and construction. NVH materials are designed to reduce or eliminate the effects of noise, vibration, and harshness in various applications, particularly in vehicles, where they play a crucial role in enhancing the overall driving experience.
In the automotive sector, the demand for NVH materials has been propelled by stringent regulatory standards concerning vehicle noise and the growing consumer preference for quieter and more comfortable vehicles. As electric vehicles (EVs) become more prevalent, the need for specialized NVH materials is increasing, as traditional internal combustion engine noise is absent in EVs, necessitating new materials to address road and wind noise more effectively.
Outside the automotive industry, NVH materials are finding increasing use in the aerospace sector, where reducing noise and vibration is critical for enhancing passenger comfort. Additionally, in the industrial and construction sectors, NVH materials are used to reduce noise levels in machinery, heavy equipment, and building structures. As industries focus on improving worker safety and reducing environmental noise pollution, the demand for NVH materials is expected to rise.
Segment Insights
The automotive sector holds the largest share of the NVH Materials Market, accounting for around 50% of the market in 2023. The rise in electric vehicles, stringent noise regulations, and the increasing demand for quieter, smoother rides have propelled the need for NVH solutions. The aerospace and defense industry is another key segment, where NVH materials are utilized to enhance comfort and reduce operational noise.
Geographical Insights
The Asia-Pacific region dominates the NVH Materials Market, driven by the booming automotive sector in countries like China, Japan, and South Korea. The region's rapid industrialization and expanding construction activities also contribute to the market's growth. The Americas follow closely, with significant demand from both the automotive and aerospace industries.
Reasons to buy this report:
- In-Depth Comparative Assessment of Top 20 Markets in the Noise, Vibration, and Harshness (NVH) Materials Market Material: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
- Comprehensive Historical, Present, and Future Analytics of the Noise, Vibration, and Harshness (NVH) Materials Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Noise, Vibration, and Harshness (NVH) Materials Market.
- Detailed Analysis of Noise, Vibration, and Harshness (NVH) Materials Market By Industry Vertical, Material, and Application Across 20 Countries
- Beyond the Purchase: 90 Days of Support
- Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
- Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
- Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
- Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
- Strategic Material Movements: Tracking Competitive Developments and Key Players in the Market
Key Companies
- Sumitomo Riko Company Limited
- 3M
- Dow
- Eagle Industries, Inc.
- Huntsman International LLC.
- Roush Enterprises
- BASF SE
- Borgers SE & Co. KGaA
- NITTO DENKO CORPORATION
Market Segmentation
By Industry Vertical:
- Aerospace
- Consumer Goods
- Power Tools
- Automotive
- Other Industry Verticals
By Material:
- Engineering Resins
- Thermoplastic Polymers
- Rubber
- Other Materials
By Application:
- Absorption & Damping
- Insulation
By Geography:
- Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
- Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
- Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
- Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)
For more information about this report visit https://www.researchandmarkets.com/r/l1t4um
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