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The Automotive NVH Materials Market Size was valued at USD 10.3 billion in 2023 and is expected to reach USD 15.80 billion by 2031 and grow at a CAGR of 5.5 % over the forecast period 2024-2031.
The automotive NVH materials market is experiencing steady growth, driven by the increasing demand for quieter, more comfortable vehicles. NVH materials – noise, vibration, and harshness – play a crucial role in achieving this by dampening engine noise, road vibrations, and unwanted sounds within the cabin.
Rising consumer preference for electric and hybrid vehicles, which are inherently quieter, is also creating opportunities for specialized NVH materials. The market is dominated by rubber due to its affordability, effectiveness, and temperature resistance. However, advancements in film laminates and lightweight materials are gaining traction as automakers strive for fuel efficiency and performance. All the regions are expected to see growth as NVH becomes a bigger priority for car manufacturers globally.
| Report Attributes | Details |
|---|---|
| Market Segmentation | • by Product: (Molded Rubber, Metal Laminates, Foam Laminates, Film Laminates, Molded Foam, Engineering resins) • by Application: (Absorption, Damping) • by End-use: (Cars, LCVs, HCVs) |
| Regional Analysis | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | BASF SE, The Dow Chemical Company, 3M Company, ElringKlinger AG, Huntsman Corporation, Sumitomo Riko Co. Ltd, Covestro AG, Celanese Corporation, Huntsman Corporation, Lanxess AG, Henkel AG & Co. KGaA, Wolverine Advanced Materials, LLC, Borgers AG, DuPont, Eastman Chemical Company |
KEY DRIVERS:
Rising consumer demand for quieter and more comfortable cars
The automotive NVH (noise, vibration, and harshness) materials market is rising due to a growing focus on superior driving experiences. Consumers are demanding quieter cabins, smoother rides, and enhanced safety features. This translates to a rise in demand for NVH materials that effectively dampen engine noise, road vibrations, and unwanted sounds. The rise of electric vehicle, inherently quieter than combustion engines, also presents an opportunity for specialized NVH materials to optimize acoustics and address potential high-frequency motor noise. This focus on passenger comfort, safety, and a personalized in-car experience is driving the market forward.
The growing popularity of electric vehicles
RESTRAINTS:
Stricter government rules regarding noise emissions and passenger safety are influencing the automotive industry.
The global NVH materials market faces a barrier in the form of stricter car regulations. Rules on emissions, fuel efficiency, and safety can complicate things for manufacturers. They need to develop NVH materials that meet these standards while remaining affordable and performing well. This balancing act can be a hurdle for the industry's growth.
The growing use of active noise cancellation technology in cars.
OPPORTUNITIES:
The growing popularity of the electric vehicles
The increasing focus on in-cabin passenger comfort
CHALLENGES:
The use of NVH materials can contribute to an increase in a vehicle's overall weight.
The war in Russia-Ukraine disrupts the Automotive NVH Materials Market. The supply chain disruptions are a major concern as Russia and Ukraine are sources of raw materials used in NVH materials production. Sanctions and logistical challenges could lead to shortages and price hikes for these materials. This can squeeze profit margins for manufacturers and potentially delay vehicle production that relies on NVH materials. Secondly, the war's impact on the global economy might lead to a slowdown in car sales, particularly in Europe. This could dampen demand for NVH materials in the short term. However, the long-term outlook remains cautiously optimistic. The focus on quieter electric vehicles and increasing consumer preference for a comfortable driving experience are still significant growth drivers for the NVH (noise, vibration, and harshness) materials market.
An economic slowdown can disrupt the Automotive NVH Materials Market. Reduced consumer spending power might lead to a decline in car sales, especially for non-essential vehicles with higher margins. This could translate to a decrease in demand for NVH materials as automakers scale back production. Additionally, tightened budgets could force manufacturers to prioritize cost-cutting measures. This might lead to a temporary shift towards less expensive NVH materials, potentially impacting the market for premium or innovative solutions. However, the impact of an economic slowdown is likely to be temporary. The long-term growth drivers for NVH materials, such as stricter noise regulations and the increasing popularity of electric vehicles with unique NVH challenges, are expected to remain strong.
SEGMENTATION ANALYSIS:
By Product
Molded Rubber
Metal Laminates
Foam Laminates
Film Laminates
Molded Foam
Engineering resins
Foam laminates is the dominating sub-segment in the Automotive NVH Materials Market by product holding around 40-45% of market share. Foam laminates offer a compelling combination of benefits. They are lightweight and flexible, making them ideal for various applications. Additionally, they provide excellent noise absorption and insulation properties at a competitive cost. This versatility and effectiveness have driven them to become the leading product segment.
By Application
Absorption
Damping
Absorption is the dominating sub-segment in the Automotive NVH Materials Market by application holding around 50-55% of market share. Absorption materials, like foams and felts, are crucial for achieving this by converting sound energy into heat, effectively reducing unwanted noise within the vehicle cabin. While damping materials play a role, absorption offers a more direct approach to addressing noise, making it the dominant application segment.
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By End-use
Cars
LCVs
HCVs
Passenger Cars is the dominating sub-segment in the Automotive NVH Materials Market by end-use. The consumer demand for more comfortable ride in passenger cars is higher. This combination of factors translates to a higher volume of NVH materials used in passenger car production, solidifying its position as the dominant end-use segment.
REGIONAL ANALYSIS:
The Asia Pacific is the dominating region in this market, driven by its developing vehicle industry and expanding request for modern cars. This development is fueled by rising disposable incomes and a growing middle class, driving to a surge in car possession.
North America is the second highest region with a strong focus on technological advancements and a well-established automotive sector. Here, the demand for NVH materials is driven by variables like stringent noise regulations and consumer preference for premium car experiences.
The Asia Pacific region is expected to maintain its rapid growth in automotive industry. The future holds guarantee for rising markets like Africa and South America, where the demand for NVH materials is on the rise due to a developing focus on vehicle security and consolation, nearby expanding car possession rates.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major key players are BASF SE (Germany), The Dow Chemical Company (US), 3M Company (US), ElringKlinger AG (Germany), Huntsman Corporation (US), Sumitomo Riko Co. Ltd (Japan), Covestro AG (Germany), Celanese Corporation US), Huntsman Corporation (US), Lanxess AG (Germany), Henkel AG & Co. KGaA (Germany), Wolverine Advanced Materials, LLC (US), Borgers AG (Germany), DuPont (US), Eastman Chemical Company (US) and other key players.
RECENT DEVELOPMENTS:
March 2024: Covestro, a leading materials supplier, announced the launch of a new lightweight polyolefin foam specifically designed for automotive interior applications. This foam offers improved sound absorption and insulation properties while maintaining a lower weight compared to traditional materials.
Jan. 2024: BASF, another major player, showcased a new bio-based acoustic insulation material made partially from recycled materials. This development caters to the growing demand for sustainable solutions in the automotive industry.
Dec. 2023: A consortium of European research institutions announced a breakthrough in noise-cancelling materials using metamaterials. This technology has the potential to revolutionize NVH control in future vehicles.
3M Company (US)-Company Financial Analysis
| Report Attributes | Details |
| Market Size in 2023 | US$ 10.3 Billion |
| Market Size by 2031 | US$ 15.80 Billion |
| CAGR | CAGR of 5.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Drivers | • NVH materials can also aid in vehicle weight loss, stress absorption, and impact resistance. • The Rubber’s characteristics are also used to make cars lighter, faster, and more fuel-efficient, particularly electric cars. |
| Opportunities | • The NVH standards for battery and hybrid vehicles differ from those for traditional IC engines. • NVH control materials will be necessary to create a market for noise and vibration control materials. |
Ans: The Automotive NVH Materials market was valued at USD 10.3 billion in 2023.
Ans:- NVH regulations necessitate increased noise control materials & next-generation engines are cleaner, emitting around a sixth of the CO2 per km as older 2000 cc engines.
Ans:- Type, Application, and Vehicle type are the different segments of the market.
Ans:- BASF SE (Germany), 3M Company (US), Henkel AG & Co. KGaA (Germany), Wolverine Advanced Materials, LLC (US), Borgers AG (Germany), DuPont (US), and Eastman Chemical Company (US) are the most prominent players in the market.
Ans:- Asia Pacific region is anticipated to be the primary driver of the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
1.2 Industry Flowchart
1.3 Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Automotive NVH Materials Market Segmentation, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Molded Rubber
9.4 Metal Laminates
9.5 Foam Laminates
9.6 Film Laminates
9.7 Molded Foam
9.8 Engineering resins
10. Automotive NVH Materials Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Absorption
10.4 Damping
11. Automotive NVH Materials Market Segmentation, By End-use
11.1 Introduction
11.2 Trend Analysis
11.3 Passenger Vehicles
11.4 Cars
11.5 LCVs
11.6 HCVs
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive NVH Materials Market Segmentation, By Country
12.2.3 North America Automotive NVH Materials Market Segmentation, By Product
12.2.4 North America Automotive NVH Materials Market Segmentation, By Application
12.2.5 North America Automotive NVH Materials Market Segmentation, By End-use
12.2.5 USA
12.2.5.1 USA Automotive NVH Materials Market Segmentation, By Product
12.2.5.2 USA Automotive NVH Materials Market Segmentation, By Application
12.2.5.3 USA Automotive NVH Materials Market Segmentation, By End-use
12.2.6 Canada
12.2.6.1 Canada Automotive NVH Materials Market Segmentation, By Product
12.2.6.2 Canada Automotive NVH Materials Market Segmentation, By Application
12.2.6.3 Canada Automotive NVH Materials Market Segmentation, By End-use
12.2.7 Mexico
12.2.7.1 Mexico Automotive NVH Materials Market Segmentation, By Product
12.2.7.2 Mexico Automotive NVH Materials Market Segmentation, By Application
12.2.7.3 Mexico Automotive NVH Materials Market Segmentation, By End-use
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive NVH Materials Market Segmentation, By Country
12.3.2.2 Eastern Europe Automotive NVH Materials Market Segmentation, By Product
12.3.2.3 Eastern Europe Automotive NVH Materials Market Segmentation, By Application
12.3.2.4 Eastern Europe Automotive NVH Materials Market Segmentation, By End-use
12.3.2.4 Poland
12.3.2.4.1 Poland Automotive NVH Materials Market Segmentation, By Product
12.3.2.4.2 Poland Automotive NVH Materials Market Segmentation, By Application
12.3.2.4.3 Poland Automotive NVH Materials Market Segmentation, By End-use
12.3.2.5 Romania
12.3.2.5.1 Romania Automotive NVH Materials Market Segmentation, By Product
12.3.2.5.2 Romania Automotive NVH Materials Market Segmentation, By Application
12.3.2.5.3 Romania Automotive NVH Materials Market Segmentation, By End-use
12.3.2.6 Hungary
12.3.2.6.1 Hungary Automotive NVH Materials Market Segmentation, By Product
12.3.2.6.2 Hungary Automotive NVH Materials Market Segmentation, By Application
12.3.2.6.3 Hungary Automotive NVH Materials Market Segmentation, By End-use
12.3.2.7 Turkey
12.3.2.7.1 Turkey Automotive NVH Materials Market Segmentation, By Product
12.3.2.7.2 Turkey Automotive NVH Materials Market Segmentation, By Application
12.3.2.7.3 Turkey Automotive NVH Materials Market Segmentation, By End-use
12.3.2.8 Rest of Eastern Europe
12.3.2.8.1 Rest of Eastern Europe Automotive NVH Materials Market Segmentation, By Product
12.3.2.8.2 Rest of Eastern Europe Automotive NVH Materials Market Segmentation, By Application
12.3.2.8.3 Rest of Eastern Europe Automotive NVH Materials Market Segmentation, By End-use
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive NVH Materials Market Segmentation, By Country
12.3.3.2 Western Europe Automotive NVH Materials Market Segmentation, By Product
12.3.3.3 Western Europe Automotive NVH Materials Market Segmentation, By Application
12.3.3.4 Western Europe Automotive NVH Materials Market Segmentation, By End-use
12.3.3.4 Germany
12.3.3.4.1 Germany Automotive NVH Materials Market Segmentation, By Product
12.3.3.4.2 Germany Automotive NVH Materials Market Segmentation, By Application
12.3.3.4.3 Germany Automotive NVH Materials Market Segmentation, By End-use
12.3.3.5 France
12.3.3.5.1 France Automotive NVH Materials Market Segmentation, By Product
12.3.3.5.2 France Automotive NVH Materials Market Segmentation, By Application
12.3.3.5.3 France Automotive NVH Materials Market Segmentation, By End-use
12.3.3.6 UK
12.3.3.6.1 UK Automotive NVH Materials Market Segmentation, By Product
12.3.3.6.2 UK Automotive NVH Materials Market Segmentation, By Application
12.3.3.6.3 UK Automotive NVH Materials Market Segmentation, By End-use
12.3.3.7 Italy
12.3.3.7.1 Italy Automotive NVH Materials Market Segmentation, By Product
12.3.3.7.2 Italy Automotive NVH Materials Market Segmentation, By Application
12.3.3.7.3 Italy Automotive NVH Materials Market Segmentation, By End-use
12.3.3.8 Spain
12.3.3.8.1 Spain Automotive NVH Materials Market Segmentation, By Product
12.3.3.8.2 Spain Automotive NVH Materials Market Segmentation, By Application
12.3.3.8.3 Spain Automotive NVH Materials Market Segmentation, By End-use
12.3.3.9 Netherlands
12.3.3.9.1 Netherlands Automotive NVH Materials Market Segmentation, By Product
12.3.3.9.2 Netherlands Automotive NVH Materials Market Segmentation, By Application
12.3.3.9.3 Netherlands Automotive NVH Materials Market Segmentation, By End-use
12.3.3.10 Switzerland
12.3.3.10.1 Switzerland Automotive NVH Materials Market Segmentation, By Product
12.3.3.10.2 Switzerland Automotive NVH Materials Market Segmentation, By Application
12.3.3.10.3 Switzerland Automotive NVH Materials Market Segmentation, By End-use
12.3.3.11 Austria
12.3.3.12.1 Austria Automotive NVH Materials Market Segmentation, By Product
12.3.3.12.2 Austria Automotive NVH Materials Market Segmentation, By Application
12.3.3.12.3 Austria Automotive NVH Materials Market Segmentation, By End-use
12.3.3.12 Rest of Western Europe
12.3.3.12.1 Rest of Western Europe Automotive NVH Materials Market Segmentation, By Product
12.3.2.12.2 Rest of Western Europe Automotive NVH Materials Market Segmentation, By Application
12.3.2.12.3 Rest of Western Europe Automotive NVH Materials Market Segmentation, By End-use
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia Pacific Automotive NVH Materials Market Segmentation, By Country
12.4.3 Asia Pacific Automotive NVH Materials Market Segmentation, By Product
12.4.4 Asia Pacific Automotive NVH Materials Market Segmentation, By Application
12.4.5 Asia Pacific Automotive NVH Materials Market Segmentation, By End-use
12.4.5 China
12.4.5.1 China Automotive NVH Materials Market Segmentation, By Product
12.4.5.2 China Automotive NVH Materials Market Segmentation, By Application
12.4.5.3 China Automotive NVH Materials Market Segmentation, By End-use
12.4.6 India
12.4.6.1 India Automotive NVH Materials Market Segmentation, By Product
12.4.6.2 India Automotive NVH Materials Market Segmentation, By Application
12.4.6.3 India Automotive NVH Materials Market Segmentation, By End-use
12.4.7 Japan
12.4.7.1 Japan Automotive NVH Materials Market Segmentation, By Product
12.4.7.2 Japan Automotive NVH Materials Market Segmentation, By Application
12.4.7.3 Japan Automotive NVH Materials Market Segmentation, By End-use
12.4.8 South Korea
12.4.8.1 South Korea Automotive NVH Materials Market Segmentation, By Product
12.4.8.2 South Korea Automotive NVH Materials Market Segmentation, By Application
12.4.8.3 South Korea Automotive NVH Materials Market Segmentation, By End-use
12.4.9 Vietnam
12.4.9.1 Vietnam Automotive NVH Materials Market Segmentation, By Product
12.4.9.2 Vietnam Automotive NVH Materials Market Segmentation, By Application
12.4.9.3 Vietnam Automotive NVH Materials Market Segmentation, By End-use
12.4.10 Singapore
12.4.10.1 Singapore Automotive NVH Materials Market Segmentation, By Product
12.4.10.2 Singapore Automotive NVH Materials Market Segmentation, By Application
12.4.10.3 Singapore Automotive NVH Materials Market Segmentation, By End-use
12.4.11 Australia
12.4.12.1 Australia Automotive NVH Materials Market Segmentation, By Product
12.4.12.2 Australia Automotive NVH Materials Market Segmentation, By Application
12.4.12.3 Australia Automotive NVH Materials Market Segmentation, By End-use
12.4.12 Rest of Asia-Pacific
12.4.12.1 Rest of Asia-Pacific Automotive NVH Materials Market Segmentation, By Product
12.4.12.2 Rest of Asia-Pacific Automotive NVH Materials Market Segmentation, By Application
12.4.12.3 Rest of Asia-Pacific Automotive NVH Materials Market Segmentation, By End-use
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive NVH Materials Market Segmentation, By Country
12.5.2.2 Middle East Automotive NVH Materials Market Segmentation, By Product
12.5.2.3 Middle East Automotive NVH Materials Market Segmentation, By Application
12.5.2.4 Middle East Automotive NVH Materials Market Segmentation, By End-use
12.5.2.4 UAE
12.5.2.4.1 UAE Automotive NVH Materials Market Segmentation, By Product
12.5.2.4.2 UAE Automotive NVH Materials Market Segmentation, By Application
12.5.2.4.3 UAE Automotive NVH Materials Market Segmentation, By End-use
12.5.2.5 Egypt
12.5.2.5.1 Egypt Automotive NVH Materials Market Segmentation, By Product
12.5.2.5.2 Egypt Automotive NVH Materials Market Segmentation, By Application
12.5.2.5.3 Egypt Automotive NVH Materials Market Segmentation, By End-use
12.5.2.6 Saudi Arabia
12.5.2.6.1 Saudi Arabia Automotive NVH Materials Market Segmentation, By Product
12.5.2.6.2 Saudi Arabia Automotive NVH Materials Market Segmentation, By Application
12.5.2.6.3 Saudi Arabia Automotive NVH Materials Market Segmentation, By End-use
12.5.2.7 Qatar
12.5.2.7.1 Qatar Automotive NVH Materials Market Segmentation, By Product
12.5.2.7.2 Qatar Automotive NVH Materials Market Segmentation, By Application
12.5.2.7.3 Qatar Automotive NVH Materials Market Segmentation, By End-use
12.5.2.8 Rest of Middle East
12.5.2.8.1 Rest of Middle East Automotive NVH Materials Market Segmentation, By Product
12.5.2.8.2 Rest of Middle East Automotive NVH Materials Market Segmentation, By Application
12.5.2.8.3 Rest of Middle East Automotive NVH Materials Market Segmentation, By End-use
12.5.3 Africa
12.5.3.1 Africa Automotive NVH Materials Market Segmentation, By Country
12.5.3.2 Africa Automotive NVH Materials Market Segmentation, By Product
12.5.3.3 Africa Automotive NVH Materials Market Segmentation, By Application
12.5.3.4 Africa Automotive NVH Materials Market Segmentation, By End-use
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive NVH Materials Market Segmentation, By Product
12.5.3.5.2 Nigeria Automotive NVH Materials Market Segmentation, By Application
12.5.3.5.3 Nigeria Automotive NVH Materials Market Segmentation, By End-use
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive NVH Materials Market Segmentation, By Product
12.5.3.6.2 South Africa Automotive NVH Materials Market Segmentation, By Application
12.5.3.6.3 South Africa Automotive NVH Materials Market Segmentation, By End-use
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive NVH Materials Market Segmentation, By Product
12.5.3.7.2 Rest of Africa Automotive NVH Materials Market Segmentation, By Application
12.5.3.7.3 Rest of Africa Automotive NVH Materials Market Segmentation, By End-use
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive NVH Materials Market Segmentation, By Country
12.6.3 Latin America Automotive NVH Materials Market Segmentation, By Product
12.6.4 Latin America Automotive NVH Materials Market Segmentation, By Application
12.6.5 Latin America Automotive NVH Materials Market Segmentation, By End-use
12.6.5 Brazil
12.6.5.1 Brazil Automotive NVH Materials Market Segmentation, By Product
12.6.5.2 Brazil Automotive NVH Materials Market Segmentation, By Application
12.6.5.3 Brazil Automotive NVH Materials Market Segmentation, By End-use
12.6.6 Argentina
12.6.6.1 Argentina Automotive NVH Materials Market Segmentation, By Product
12.6.6.2 Argentina Automotive NVH Materials Market Segmentation, By Application
12.6.6.3 Argentina Automotive NVH Materials Market Segmentation, By End-use
12.6.7 Colombia
12.6.7.1 Colombia Automotive NVH Materials Market Segmentation, By Product
12.6.7.2 Colombia Automotive NVH Materials Market Segmentation, By Application
12.6.7.3 Colombia Automotive NVH Materials Market Segmentation, By End-use
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Automotive NVH Materials Market Segmentation, By Product
12.6.8.2 Rest of Latin America Automotive NVH Materials Market Segmentation, By Application
12.6.8.3 Rest of Latin America Automotive NVH Materials Market Segmentation, By End-use
13. Company Profiles
13.1 BASF SE (Germany)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 The Dow Chemical Company (US)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 3M Company (US)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 ElringKlinger AG (Germany)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Huntsman Corporation (US)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Sumitomo Riko Co. Ltd (Japan)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Covestro AG (Germany)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Celanese Corporation US)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Huntsman Corporation (US)
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Lanxess AG (Germany)
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Henkel AG & Co. KGaA (Germany)
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Wolverine Advanced Materials
13.11.1 Company Overview
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 LLC (US)
13.13.1 Company Overview
13.13.2 Financial
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
13.14 Borgers AG (Germany)
13.14.1 Company Overview
13.14.2 Financial
13.14.3 Products/ Services Offered
13.14.4 SWOT Analysis
13.14.5 The SNS View
13.14 DuPont (US)
13.15.1 Company Overview
13.15.2 Financial
13.15.3 Products/ Services Offered
13.15.4 SWOT Analysis
13.15.5 The SNS View
13.16 Eastman Chemical Company (US)
13.16.1 Company Overview
13.16.2 Financial
13.16.3 Products/ Services Offered
13.16.4 SWOT Analysis
13.16.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench-marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
Conclusion
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When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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The Fuel Cell Powertrain Market Size was valued at $761.62 million in 2023 & will reach $11958.62 Million by 2031 and grow at a CAGR of 48.2% by 2024-2031
The Luxury Electric Vehicles Market size was valued at USD 230.6 Bn in 2023 and is expected to reach USD 855.10 Bn by 2031, the CAGR recorded for the forecasted year 2024-2031 was 17.8%.
Electric Commercial Vehicle Market size was valued at $56.5 billion in 2023 & will reach $315.80 billion by 2031 and grow at a CAGR of 24% by 2024-2031
The Bike Sharing Market Size was valued at USD 7 billion in 2023 and is expected to reach USD 16.7 billion by 2031 and grow at a CAGR of 11.5% by 2024-2031.
The Road Haulage Market size is expected to reach USD 4930 Bn by 2030, the value for the year 2022 was recorded USD 3427 Bn in 2022 and grow at a CAGR of 5.3% over the forecast period of 2023-2030.
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