According to the latest report by IMARC Group, titled “Automotive NVH Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds the global market reached a value of US$ 11.7 Billion in 2021. Automotive noise, vibration, and harshness (NVH) materials help reduce unwanted noise, harshness, and vibrations in automobiles, especially in cars and buses. NVH materials are used to reduce the noise and vibration transmitted by the engine accessories, such as steering wheels, floor and pedals, and cooling fans. The structure and air-borne sounds can hamper the durability of the vehicle and cause discomfort to the passengers. As a result, NVH materials are largely used in the automotive industry as they help lower cabin sounds in vehicles and enhance fuel economy.
Request for a PDF sample of this report: https://www.imarcgroup.com/automotive-nvh-materials-market/requestsample
The automotive NVH materials market is primarily driven by the rising sale of luxury cars and increasing consumer incomes. The rapidly expanding automotive industry is another growth-inducing factor. The key manufacturers are now using polypropylene, polyvinyl chloride (PVC), and polyurethane (PU) as NVH materials as they offer improved performance, which is providing an impetus to the market growth. The governments of several nations are also implementing stringent regulations to reduce vehicle noise levels, which, in turn, is creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting a CAGR of 5.5% during 2022-2027.
Checkout Now: https://www.imarcgroup.com/checkout?id=2073&method=1
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.
Competitive Landscape:
- BASF SE
- The DOW Chemical Company
- ExxonMobil
- 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:
- Polyurethane
- Mixed Textiles Fibers
- Fiber Glass
- Polyester Fiber
- NBR
- Polypropylene
- PVC
- Textile Materials (Synthetic)
- Textile Materials (Cotton)
Breakup by Vehicle Type:
- Passenger Vehicles
- LCV
- HCV
Breakup by Application:
- Trunk Module
- Floor Module
- Wheel Arches
- Cockpit Module
- Roof Module
- Engine Casing
- Bonnet Liners
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/automotive-nvh-materials-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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.
About Us
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
