Global Automotive Acoustic Materials Market, By Application (Underbody and Engine Bay Acoustics, Interior Cabin Acoustics, Exterior Acoustics and Trunk Panel Acoustics), Material Type (Acrylonitrile Butadiene Styrene (ABS), Fiberglass, Polyvinyl Chloride (PVC), Polyurethane (PU) Foam, Polypropylene, Textiles and Others), Components (Hood Liner/Bonnet Liner, Engine Top Cover, Fender Insulator, Door Trims, Headliners, Floor Insulator, Wheel Arch Liner, Trunk Trim, Inner Dash, Outer Dash, Parcel Tray, Cabin Rear Trim and Engine Encapsulation), Electric Vehicle Type (BEV, HEV and PHEV), Vehicle Type (Passenger Cars, Heavy Commercial Vehicle (HCV) and Light Commercial Vehicle (LCV)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Automotive Acoustic Materials Market
Data Bridge Market Research analyses that the automotive acoustic materials market would exhibit a CAGR of 7.4% for the forecast period. Growing focus of the manufacturers on the materials used to manufacture automotive acoustic materials, increased focus on manufacturers on enhancing the customers value for money, growth and expansion of automotive industry especially in the developing economies and growing demand for electric vehicles are the major factors attributable to the growth of automotive acoustic materials market. Therefore, the automotive acoustic materials market value would rocket up to USD 4.77 billion by 2028.
The role of automotive acoustic materials is to enhance the passenger experience. The automotive acoustic materials are the components that are used to improve the noise control or noise absorption properties in a vehicle. These components effectively deal against noise, vibrations, and harshness levels.
Growth in the level of investments for research and development activities and rising demand for superior comfort and safety features have resulted in growth in the market value. The global focus on reducing the level of noise pollution coupled with rising availability of specially designed acoustic materials with damping capabilities will also create lucrative growth opportunities for the market. Growth and expansion of manufacturing sector and rising technological advancements in the manufacturing technology will also foster the market growth. Stringent government regulations pertaining to vehicular noise will further carve the way for the growth of the market.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the market growth rate. High costs involved with technological innovations will hamper the market growth rate. Further, fluctuations in the prices of raw materials, political volatility, trade wars, installation of active noise control system (NOC) and economic uncertainty will also restrict the scope of growth for the market.
This global automotive acoustic materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive acoustic materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Acoustic Materials Market Scope and Market Size
The global automotive acoustic materials market is segmented on the basis of application, material type, components, electric vehicle type and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of application, the automotive acoustic materials market has been segmented into underbody and engine bay acoustics, interior cabin acoustics, exterior acoustics and trunk panel acoustics.
- On the basis of material type, the automotive acoustic materials market has been segmented into acrylonitrile butadiene styrene (ABS), fiberglass, polyvinyl chloride (PVC), polyurethane (PU) foam, polypropylene, textiles and others.
- On the basis of components, the automotive acoustic materials market has been segmented as hood liner/bonnet liner, engine top cover, fender insulator, door trims, headliners, floor insulator, wheel arch liner, trunk trim, inner dash, outer dash, parcel tray, cabin rear trim and engine encapsulation.
- On the basis of electric vehicle type, the automotive acoustic materials market has been segmented into BEV, HEV and PHEV.
- The automotive acoustic materials market has also been segmented on the basis of vehicle type into passenger cars, heavy commercial vehicle (HCV) and light commercial vehicle (LCV).
Automotive Acoustic Materials Market Country Level Analysis
The global automotive acoustic materials market is analysed and market size insights and trends are provided by country, application, material type, components, electric vehicle type and vehicle type as referenced above.
The countries covered in the automotive acoustic materials market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the automotive acoustic materials market and will continue to flourish its trend of dominance during the forecast period owing to the increasing adoption of sophisticated technology for manufacturing activities, presence of major players in this region and rising sales of premium, luxury, and sports vehicles. Asia-Pacific region is set to witness unprecedented growth during the forecast period. This is because of the growth and expansion of automotive sector in this region and abundant availability of raw materials.
The country section of the automotive acoustic materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Acoustic Materials Market Share Analysis
The automotive acoustic materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive acoustic materials market.
The major players covered in the automotive acoustic materials market report are Huntsman International LLC, 3M, Covestro AG, BASF SE, Dow, DuPont., LyondellBasell Industries Holdings B.V., Henkel Adhesives Technologies India Private Limited, Sika AG, TORAY INDUSTRIES, INC., HARMAN International., ROCKWOOL International A/S, Tex Tech Industries, FABRI-TECH COMPONENTS, Inc., Thomas Publishing Company., Saint-Gobain Ecophon AB, Sumitomo Riko Company Limited., UFP Technologies, Inc., Johns Manville and NIHON TOKUSHU TORYO CO.,LTD. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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