Automotive NVH Materials Market by Material Type (Thermoplastic Polymers, Engineering Resins), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles). Application (Absorption, Insulation), & Region - Global Forecast to 202

Automotive NVH Materials Market by Material Type (Thermoplastic Polymers, Engineering Resins), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles). Application (Absorption, Insulation), & Region - Global Forecast to 2027

Automotive NVH material market is projected to reach USD 7.4 billion in 2027 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.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:

By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%

By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%

By Region: North America - 32%, Europe - 21%, Asia Pacific - 28%, Middle East & Africa-12%, and South America-7%

The key players in this market are include DuPont De Nemours, Inc. (U.S.), BASF SE (Germany), Sumitomo Riko Company Limited (Japan), Dow Inc. (U.S.) and Covestro AG. (Germany).

Research Coverage

This report segments the market for automotive NVH materials market on the basis of material type, vehicle type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for automotive NVH materials market.

Key benefits of buying this report

This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the automotive NVH materials market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on automotive NVH materials market offered by top players in the global automotive NVH material market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the automotive NVH material market

Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for automotive NVH material market across regions

Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global automotive NVH material market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in automotive NVH material market

Impact of COVID-19 on automotive NVH material market