Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) -- The "Global Automotive NVH Materials Market by Material Type (Thermoplastic Polymers, Engineering Resins), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), Application (Absorption, Insulation), and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive NVH material market is projected to reach USD 7.4 billion in 2027, rising at a CAGR of 3.7% during the forecast period.
The rise in the consumption of polymers used for reducing noise, vibration and ruggedness has led to the increased usage of NVH materials for the manufacture of products for various applications. As plastic makes the good replacement with metals and alloys NVH material makes the significant value for Lightweight purpose. The use of NVH materials helps to enhance the mechanical and optical properties of products and reduces NVH levels for better ride comfort.
By material type, engineering resins accounted for second-largest market share for automotive NVH materials market, in terms of value & volume, in 2021
Engineering resins have excellent mechanical strength and better thermal properties, compared to other widely used commodity plastics, such as polystyrene, PVC, polypropylene, and polyethylene. These resins are expensive and hence used in lower quantities to manufacture low-volume mechanical parts. Polyvinyl-butyl is another engineering resin, with very high damping factor value of about 35% - 37%, which ensures significant weight reduction of the vehicle without compromising with the NVH isolation properties. These resins are used in the form of sheets and fabricated parts to reduce and absorb a vehicle's interior noise, providing comfortable ride to the occupants.
By vehicle type, Light commercial vehicles accounted for second-largest market share for automotive NVH materials market, in terms of value & volume, in 2021
Vans, cargo vans, pickup trucks, three-wheeler trucks, and all other commercial goods carriers with an overall weight of 3.5 tons or more are considered light commercial vehicles. Due to their sturdy construction, low maintenance requirements, and fuel efficiency for inter-city operations, these vehicles are mostly employed for the short- to medium-distance delivery of lightweight commodities. There is a greater requirement for mass transportation of supplies and raw materials for various projects due to the expansion in infrastructure projects and industrialization. These factors have boosted the use of LCV, which has led to an increase in the market for automotive NVH materials.
Based on region, Asia-Pacific region is projected to grow at the fastest CAGR in terms of value during the forecast period
The automotive NVH materials market was dominated by Asia-Pacific within the global market in 2021. In Due to region's rapid economic growth, it is estimated to experience the highest growth rate. The easy accessibility of labor and raw materials at reduced prices, significant countries include China, South Korea, Indonesia, and Japan are luring investors to build up production facilities.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Automotive NVH Materials Market
4.2 Automotive NVH Materials Market Size, by Region
4.3 Asia-Pacific: Automotive NVH Materials Market, by Material Type and Country, 2021
4.4 Automotive NVH Materials Market Size, Vehicle Type vs. Region, 2021
4.5 Automotive NVH Materials Market, by Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for Cars in Emerging Markets
5.2.1.2 Stringent Government Regulations to Make Cars Safer and Quieter
5.2.1.3 NVH and Vehicle Refinement Levels Influence Buying Decisions
5.2.1.4 Increasing Demand from Electric Vehicle Industry
5.2.2 Restraints
5.2.2.1 Installation of Active Noise Control Systems
5.2.2.2 Use of Metals and Alloys to Reduce NVH Levels
5.2.2.3 Rising Demand for Lighter Vehicles to Improve Fuel Efficiency Restricts Market Growth
5.2.3 Opportunities
5.2.3.1 Growing Demand for Battery-Powered and Hybrid Vehicles
5.2.4 Challenges
5.2.4.1 NVH Materials Increase Overall Vehicle Weight
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Trends and Forecast for Major Economies
6 Industry Trends
6.1 Supply Chain Analysis
6.1.1 Automotive NVH Raw Materials
6.1.2 Automotive NVH OEMs
6.1.3 Automotive NVH OEM Suppliers and Distributors
6.1.4 Automotive NVH Material End-users
6.2 Trends/Disruptions Impacting Customers' Businesses
6.2.1 Revenue Shift & Revenue Pockets for Automotive NVH Materials
6.3 Connected Markets: Ecosystem
6.4 Key Stakeholders and Buying Criteria
6.4.1 Key Stakeholders in Buying Process
6.4.2 Buying Criteria
6.5 Automotive NVH Materials Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenarios
6.5.1 Non-COVID-19 Scenario
6.5.2 Optimistic Scenario
6.5.3 Pessimistic Scenario
6.5.4 Realistic Scenario
6.6 Pricing Analysis
6.6.1 Average Selling Price of Key Players, by Material Type
6.6.2 Average Selling Price Trend
6.7 Regulatory Landscape
6.7.1 Regulations for Automotive NVH Materials Market
6.8 Patent Analysis
6.8.1 Approach
6.8.2 Patent Status
6.8.3 Jurisdiction Analysis
6.8.4 Top Applicants
6.9 Technology Analysis
6.10 Case Study Analysis
6.10.1 Case Study on Reducing High-Frequency Noise in Electric Vehicles
6.11 Trade Data Statistics
6.11.1 Import Scenario of Automotive NVH Materials
6.11.2 Export Scenario of Automotive NVH Materials
6.12 Key Conferences & Events in 2022-2023
7 Automotive NVH Materials Market, by Application
7.1 Introduction
7.2 Absorption
7.3 Insulation
8 Automotive NVH Materials Market, by Material Type
8.1 Introduction
8.2 Thermoplastic Polymers
8.2.1 Demand for Lightweight Vehicles to Drive Market
8.2.2 PU
8.2.3 PVC
8.3 Engineering Resins
8.3.1 Growing E-Vehicle Market to Propel Market
8.3.2 ABS
8.3.3 Polycarbonates
8.3.4 Nylon
8.4 Others
8.4.1 Restoration of Vintage Automotives to Drive Market
9 Automotive NVH Materials Market, by Vehicle Type
9.1 Introduction
9.2 Passenger Cars
9.2.1 Increasing Automotive Production Hubs in Asia-Pacific
9.3 Light Commercial Vehicles (LCVs)
9.3.1 Awareness of Safety Features to Drive Market
9.4 Heavy Commercial Vehicles (HCV)
9.4.1 Growing Infrastructure Projects to Drive Market
10 Automotive NVH Materials Market, by Region
11 Competitive Landscape
11.1 Introduction
11.2 Strategies Adopted by Key Players
11.3 Market Share Analysis
11.3.1 Ranking of Key Market Players, 2021
11.3.2 Market Share of Key Players
11.3.2.1 DuPont De Nemours, Inc.
11.3.2.2 BASF SE
11.3.2.3 Sumitomo Riko Company Limited
11.3.2.4 Dow Inc.
11.3.2.5 Covestro AG
11.4 Company Product Footprint Analysis
11.5 Company Evaluation Quadrant (Tier 1)
11.5.1 Star Players
11.5.2 Emerging Leaders
11.6 Competitive Benchmarking
11.7 Startup/SME Evaluation Quadrant
11.7.1 Responsive Companies
11.7.2 Starting Blocks
11.8 Competitive Scenarios
11.8.1 New Product Launches
11.8.2 Deals
11.8.3 Other Developments
12 Company Profiles
12.1 Major Players
12.1.1 BASF SE
12.1.2 Dow Inc.
12.1.3 Covestro AG
12.1.4 Celanese Corporation
12.1.5 The 3M Company
12.1.6 Henkel AG
12.1.7 DuPont de Nemours, Inc.
12.1.8 Eastman Chemical Company
12.1.9 Huntsman Corporation
12.1.10 Sumitomo Riko Company Limited
12.1.11 Recticel
12.2 Other Key Market Players
12.2.1 Arlanxeo
12.2.2 Borgers SE & Co. KGaA
12.2.3 Eagle Industries, Inc.
12.2.4 Johns Manville
12.2.5 Mitsui Chemicals, Inc.
12.2.6 Solvay
12.2.7 Roush Enterprises
12.2.8 Nitto Denko Corporation
12.2.9 N.V.H. Korea Co. Ltd.
12.2.10 Anand NVH Products
12.2.11 Treves CTA
12.2.12 Lanxess AG
12.2.13 Jiangsu Wanben Automotive Parts Co. Ltd.
12.2.14 Guangzhou Junyihui Automobile Technology Co. Ltd.
13 Adjacent & Related Markets
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/1vo95l
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