Automotive NVH Materials Market Worth 11.6 Billion USD by 2020
PUNE, India, January 13, 2016 /PRNewswire/ --
The report "Automotive NVH Materials Market by Type (Rubbers, Thermoplastic Polymers, and Engineering Resins), Application (Absorption and Insulation), Vehicle Type (Cars, LCV, HCV, and Bus) and Regional Analysis - Global Forecast to 2020", The global Automotive NVH Materials Market size is projected to reach USD 11.6 Billion by 2020 at a CAGR of 5.4% between 2015 and 2020. This report defines and segments the automotive NVH materials market with analysis and forecast of the market size.
Browse 101 market Tables and 48 Figures spread through 138 Pages and in-depth TOC on "Automotive NVH Materials Market".
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The global automotive NVH materials market size is projected to reach USD 11.6 Billion by 2020 at a CAGR of 5.4% between 2015 and 2020. This growth is fueled by the growing automotive industry, NVH levels influencing the buying decision, and regulations to make quieter automobiles.
Absorption: The largest application segment in automotive NVH materials market
Absorption materials are manufactured using various thermoplastic polymers, engineering resins, and rubbers. Manufacturers incorporates various rubbers, namely, EPDM, synthetic rubbers and NBR for fabricating various parts of automobiles to dampen and control the vibrations experienced by occupants in the vehicles. Additionally, rubbers offer excellent physical properties of high density, high heat, weather resistance, and vibration absorbing properties which make them as an ideal NVH material. Polyurethane foam sheet is another NVH material used in the absorption application in automobiles.
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Cars segment - The largest market for automotive NVH materials, by type
Cars are the largest market of automotive NVH materials and accounted for a major share of the market in 2014. The demand for automotive NVH materials is directly proportional to the demand of automobiles. HCV were the fastest growing vehicle type during the forecast period 2015-2020. This growth is mainly due to the fact that these vehicles are mostly used in transportation of heavy and bulk goods. An increase in infrastructure projects in emerging markets such as China, India, and Brazil requires mass transportation of bulk construction materials. This trend has increased the demand for HVC in these countries and subsequently the demand for automotive NVH materials.
Asia-Pacific - The largest market for automotive NVH materials
Asia-Pacific is the largest market for automotive NVH materials with major developments witnessed in China, Japan, South Korea, and India. The Asia-Pacific market accounted for the dominant share in the global automotive NVH market, in terms of value in 2014. With advanced technological developments and heavy investments in automotive industry, Asia-Pacific is expected to remain the largest regional market till 2020. Also, Asia-Pacific is projected to be the fastest-growing automotive NVH materials market. This high growth is attributed to growing automotive market and increase in domestic demand in countries like China, India, South Korea and Japan.
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Major players such as such ExxonMobil Chemical Company (U.S.), Mitsui Chemicals Inc. (Japan), The DoW Chemical Company (U.S.), Celanese Corporation (U.S.), 3M Co. (U.S.), Covestro (Germany), Borgers AG (Germany), BASF SE (Germany), Lanxess AG (U.S.) and Huntsman Corporation (U.S.),have been profiled in the research report.
This report covers the market, by value and volume, for automotive NVH materials and forecasts the market size till 2020. The report includes the market segmentation by application, types, vehicle type and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global automotive NVH materials market.
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