Automotive Acoustic Material Market By Material Type (Acrylonitrile butadiene styrene (ABS), Fiberglass, Polyvinyl chloride (PVC), Others), By Application (Interior Cabin Acoustic, Exterior Acoustic, Trunk Panel Acoustic, Underbody and Engine Bay Acoustic

Automotive Acoustic Material Market By Material Type (Acrylonitrile butadiene styrene (ABS), Fiberglass, Polyvinyl chloride (PVC), Others), By Application (Interior Cabin Acoustic, Exterior Acoustic, Trunk Panel Acoustic, Underbody and Engine Bay Acoustic), By Component (Arch Liner, Head and Bonnet Liner, Dash, Door, Engine Cover, Trunk Trim, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031

The report incorporates the study of the global automotive acoustic material market that focuses on the materials used in vehicle manufacturing to lower the sound level of engine and other vehicle components. In addition, vehicles are insulated with automotive acoustic materials from inside to reduce the outer noise, which affects the inner environment of the vehicle. These effective and affordable materials are constantly being developed by a number of well-known automakers and OEMs so that they may provide their customers with more comfort. These initiatives are expected to enhance the overall market space in the future. For instance, in August 2019, Huntsman International LLC unveiled a wide range of innovative polyurethane foam solutions focused on mobility, comfort and architectural applications. The new formulation is thermoformable for superior sound absorption and greater flexibility.

In addition, automotive acoustic materials are also used in the manufacturing industry to reduce machine noise and vibrations and safeguard workers on the shop floor. Although, the market value has increased as a result of increased R&D expenditures and growing consumer demand for more advanced comfort and safety features in vehicles. Also, the growing popularity of luxury, electric, and autonomous vehicles in the area and ongoing technical improvements may lead to an increase in the market. For instance, in 2020, HARMAN International partnered with Hyundai Motor Company to introduce the first ever active road noise cancellation system. The new technology has been adopted in the latter’s Genesis GV80 SUV.

China is the world's largest vehicle market. As new automakers move into the nation and are anticipated to unveil their latest models soon. According to the China Automobile Dealers Association, the country's luxury car dealers sold 277,000 vehicles in April 2020, an 11.1% increase over April 2019. Furthermore, major worldwide businesses operating in the sector are investing in the North American region to expand their market presence and stay one step ahead of their competitors.

For the purpose of analysis, the global automotive acoustic material market is segmented on the basis of material type, application, component, vehicle type, and region. By material type, the market is divided into acrylonitrile butadiene styrene (ABS), fiberglass, polyvinyl chloride (PVC), and others. By application, it is fragmented into interior cabin acoustics, exterior acoustics, trunk panel acoustics, and underbody & engine bay acoustic. By component, it is categorized into arch liner, head & bonnet liner, dash, door, engine cover, trunk trim, and others. By vehicle type, it is categorized into passenger cars and commercial vehicles. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The leading players operating in the automotive acoustic material market are 3M Acoustics, BASF SE, Covestro, Freudenberg Group, Henkel Adhesive Technologies, Huntsman, Lyondellbasell, Sika, Sumitomo Riko, and Toray Industries.

KEY BENEFITS FOR STAKEHOLDERS

This study presents analytical depiction of the global automotive acoustic material market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall automotive acoustic material market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global automotive acoustic material market with a detailed impact analysis.
The current automotive acoustic material market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Material Type

Acrylonitrile butadiene styrene (ABS)
Fiberglass
Polyvinyl chloride (PVC)
Others

By Application

Interior Cabin Acoustic
Exterior Acoustic
Trunk Panel Acoustic
Underbody and Engine Bay Acoustic

By Component

Arch Liner
Head and Bonnet Liner
Dash
Door
Engine Cover
Trunk Trim
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Sumitomo Riko Company Limited
BASF SE
sika
Henkel AG & Co. KGaA
Covestro AG
Toray Industries, Inc.
3M
Huntsman International LLC
Freudenberg Group
Lyondellbasell Industries Holdings B.V.

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