Report Scope & Overview:
Automotive NVH materials market is expected to grow at a CAGR of about 5.8% between now and 2030, reaching around USD 19.63 billion. The global automotive NVH materials market reached a value of US$ 12.50 Billion in 2022.
NVH refers to the noise, vibrations, and harshness produced by an object's movement. All audible and observable vibrations that affect driving comfort are included. The comfort, performance, and safety of a vehicle are all enhanced by decreased noise and vibration levels. Automobile manufacturers prioritize NVH study and optimization of the entire vehicle and its components throughout the early phases of developing new vehicles. Lower NVH levels influence customers' purchase decisions, hence automotive NVH materials are commonly employed in passenger automobiles.
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The market for automotive noise, vibration, and harshness (NVH) materials is expected to grow as demand for passenger vehicles grows, as does the desire for lightweight performance materials. Small components consisting of rubber, foam, and other materials are frequently used in automotive NVH products. Some of the factors driving the global automotive NVH materials market include the impact of noise, vibration, and harshness on purchasing decisions, advanced noise, vibration, and harshness products with innovative technologies, changing lifestyles, and rising incomes in both developed and developing economies.
MARKET DYNAMICS:
KEY DRIVERS:
RESTRAINTS:
OPPORTUNITIES:
CHALLENGES:
IMPACT OF COVID-19:
The global automotive industry has been severely impacted by the spread of the COVID-19 virus. The first months of 2020 saw a decrease in automobile sales and manufacturing. When strong lockdown measures caused several sectors to close down in April 2020, international trade fell dramatically. International travel and border controls increased the expense of international trade.
Though the auto sector has recovered significantly since the recession, lower demand has had a significant impact. The automotive sector is critical to the economic growth and employment of most European countries, including the Czech Republic, Hungary, Poland, Slovenia, Slovakia, and Romania. Furthermore, the automotive industry's high level of integration into global value chains makes it vulnerable to pandemic disruptions.
KEYPLAYERS:
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). Through supply contracts, expansion initiatives, partnerships, and mergers and acquisitions, these corporations have maintained their competitive position in the worldwide market.
MARKET ESTIMATION:
SEGMENTATION ANALYSIS:
Based on type, rubbers, thermoplastic polymers, engineered resins, polypropylene, textile materials, fibreglass, mixed textile fibre, polyester fibre, textile materials (synthetic), and textile materials (natural) make up the global automotive NVH Materials market (cotton). In 2021, the rubbers segment had the biggest market share. Rubber is dense and constant, making it an excellent sound and vibration absorber.
By application, Absorption, insulation, insulator & absorber, damper, trunk module, floor module, wheel arches, cockpit module, roof module, engine casing & bonnet liners, and wheels make up the worldwide automotive NVH market. During the predicted period, the absorption segment will grow at the fastest rate. The increased number of NVH tests is expected to fuel demand for vehicle NVH materials.
By Type:
By Application:
By Vehicle type:
REGIONAL ANALYSIS:
During the projected period, Asia-Pacific is expected to lead the automotive NVH materials market. The expansion of manufacturing capacity and the rapid growth of the automobile industry is responsible for the region's market growth. In Asia-Pacific, China is the largest consumer of automobile NVH materials.
The main drivers of rising demand for automotive NVH materials in emerging nations are population expansion and rising living standards, both of which have a direct impact on the growth of the automobile sector. The automotive NVH materials market in the region is also driven by the easy availability of raw materials and low-cost labor.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Automotive NVH Materials Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 12.50 Bn |
| Market Size by 2030 | US$ 19.63 Bn |
| CAGR | CAGR of 5.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (rubbers, thermoplastic polymers, engineering resins, polypropylene, textile materials) • By Application (absorption, insulation, insulator & absorber, damper, trunk module, floor module, wheel arches) • By Vehicle Type (passenger vehicles, LCV (Light Commercial Vehicles), HCV (Heavy Commercial Vehicles)) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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 | • 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 market forecast period is 2021-2028 according to the study report.
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
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive NVH Materials Market Segmentation, by Type
8.1 Rubbers
8.2 Thermoplastic polymers
8.3 Engineering resins
8.4 Polypropylene
8.5 Textile materials
8.6 Fiberglass
8.7 Mixed textile fiber
8.8 Polyester fiber
8.8 Textile materials (synthetic)
8.9 Textile materials (cotton).
9. Global Automotive NVH Materials Market Segmentation, by Application
9.1 Absorption
9.2 Insulation
9.3 Insulator & absorber
9.4 Damper
9.5 Trunk module
9.6 Floor module
9.7 Wheel arches
9.8 Cockpit module
9.8 Roof module
9.9 Engine casing
9.10 Bonnet liners
9.11 heels
10. Global Automotive NVH Materials Market Segmentation, by Vehicle type
10.1 Passenger vehicles
10.2 LCV (Light Commercial Vehicles)
10.3 HCV (Heavy Commercial Vehicles)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Exxon Mobil Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BASF SE (Germany)
12.3 The Dow Chemical Company (US)
12.4 3M Company (US)
12.5 ElringKlinger AG (Germany)
12.6 Huntsman Corporation (US)
12.7 Sumitomo Riko Co. Ltd (Japan)
12.8 Covestro AG (Germany)
12.8 Celanese Corporation US)
12.9 Huntsman Corporation (US)
12.10 Lanxess AG (Germany)
12.11 Henkel AG & Co. KGaA (Germany)
12.12 Wolverine Advanced Materials LLC (US)
12.13 Borgers AG (Germany)
12.15 DuPont (US)
12.16 Eastman Chemical Company (US)
13.Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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