NEW YORK, March 29, 2017 /PRNewswire/ -- "Increased use of automotive NVH materials in passenger vehicles and stringent government regulations to make quieter and safer cars are driving the automotive NVH materials market"
The global automotive NVH materials market is projected to reach USD 13.52 billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Increasing demand from the automotive industry owing to stringent government regulations for quieter and safer cars is the major factor driving the automotive NVH materials market. Automotive NVH materials find extensive applications in passenger vehicles as lower NVH levels influence the vehicle buying decisions. Growing interest and the possible use of automotive NVH materials in battery powered light vehicles is expected to drive the automotive NVH materials market in future. The development of active noise control systems for vehicles could hinder the growth of the automotive NVH materials market.
"Absorption is the fastest growing application segment of the automotive NVH materials market"
Absorption materials are manufactured using thermoplastic polymers, engineering resins, and rubbers. Manufacturers incorporate various rubbers, such as EPDM, synthetic rubber, and NBR to fabricate the various parts of automobiles to dampen and control vibrations experienced by vehicle occupants. Excellent physical properties, such as high density, high heat & weather resistance, and vibration absorbing property make rubber an ideal automotive NVH material. Polyurethane foam sheet is another NVH material used as an absorption application in automobiles.
"Asia-Pacific is expected to lead the automotive NVH materials market during the forecast period"
The Asia-Pacific region is expected to lead the automotive NVH materials market during the forecast period. The growth of the market in this region is attributed to the expansion of production capacity and the rapid growth of the automotive industry. China is the major consumer of automotive NVH materials in the region. The main reasons for the growing demand of automotive NVH materials in the Asia-Pacific region are population growth and the improving standards of living which directly affect the automotive industry's growth. The availability of raw materials and low labor cost also drive the region's automotive NVH materials market. With the recent expansion activities by key market players in the region, the Asia-Pacific automotive NVH materials market is projected to register the highest CAGR between 2016 and 2021.
This study was validated through primary interviews conducted with various industry experts globally. These primary sources were divided into three categories, namely, company, designation, and region.
- By Company Type- Tier 1- 60%, Tier 2- 30% and Tier 3- 10%
- By Designation- C Level- 40%, Director Level- 30%, Others- 30%
- By Region- North America- 10%, Asia-Pacific- 50%, Western Europe- 20%, and Middle East & Africa- 20%
The report also includes company profiles and competitive strategies adopted by major market players, such as BASF SE (Germany), Huntsman Corporation (U.S.), 3M Company (U.S.), ExxonMobil Corporation (U.S.), The Dow Chemical Company (U.S.), and Sumitomo Riko Company Limited (Japan).
The report covers the automotive NVH materials market across different applications and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as type, application, vehicle type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies. The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenues for the automotive NVH materials market.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the automotive NVH materials market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on automotive NVH materials offered by the top players in the automotive NVH materials market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the automotive NVH materials market
- Market Development: Comprehensive information about lucrative markets – the report analyzes the markets for automotive NVH materials across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the automotive NVH materials market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the automotive NVH materials market
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