The Automotive NVH Materials Market Size was valued at USD 6.26 billion in 2023 and is expected to reach USD 8.43 billion by 2031 and grow at a CAGR of 3.8 % 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.
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KEY DRIVERS:
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.
RESTRAINTS:
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.
OPPORTUNITIES:
CHALLENGES:
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.
By Material Type:
Thermoplastic polymers sub-segment dominates in the automotive NVH market by material type due to their impressive mix of qualities: chemical resistance, high temperature tolerance, and strong mechanics. This allows them to be lightweight, reducing vehicle weight and improving ride comfort. They're widely used inside and outside passenger cars, light commercial vehicles, and even heavy-duty trucks.
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By Application:
Absorption is leading sub-segment in the NVH materials market by application. To quiet noisy car parts, engineers use these materials to "soak up" sound before it travels to passengers. Additionally, thick barriers block noise from passing through. To fine-tune how well these methods work at different sound frequencies, factors like foam type, thickness, and special coverings are adjusted. For another method, vibration damping materials are used to lessen a car part's shaking, further reducing unwanted noise.
By Vehicle Type:
Passenger Vehicles are leading sub-segment in the automotive NVH materials market by vehicle type, and this dominance is set to continue. The rising popularity of cars in developing countries, fueled by growing wealth and growing auto manufacturing, is a key factor. As people in these economies aspire to car ownership, the demand for NVH (noise, vibration, and harshness) materials to create quieter and more comfortable rides in passenger vehicles is expected to keep this segment growing at the fastest rate.
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.
3M Company (US)-Company Financial Analysis
| Report Attributes | Details |
| Market Size in 2023 | US$ 6.26 Billion |
| Market Size by 2031 | US$ 8.43 Billion |
| CAGR | CAGR of 3.8% 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 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 (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 | • 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 OTA update market was valued at USD 6.26 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
2.Industry Flowchart
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 Material Type
9.1 Introduction
9.2 Trend Analysis
9.3 Rubbers
9.4 Thermoplastic polymers
9.5 Engineering resins
9.6 Others
10. Automotive NVH Materials Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Absorption
10.4 Insulation
10.5 Damper
11. Automotive NVH Materials Market Segmentation, By Vehicle Type
11.1 Introduction
11.2 Trend Analysis
11.3 Passenger Vehicles
11.4 LCV (Light Commercial Vehicles)
11.5 HCV (Heavy Commercial Vehicles)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Automotive NVH Materials Market Segmentation, By Country
11.2.3 North America Automotive NVH Materials Market Segmentation, By Material Type
11.2.4 North America Automotive NVH Materials Market Segmentation, By Application
11.2.5 North America Automotive NVH Materials Market Segmentation, By Vehicle Type
11.2.5 USA
11.2.5.1 USA Automotive NVH Materials Market Segmentation, By Material Type
11.2.5.2 USA Automotive NVH Materials Market Segmentation, By Application
11.2.5.3 USA Automotive NVH Materials Market Segmentation, By Vehicle Type
11.2.6 Canada
11.2.6.1 Canada Automotive NVH Materials Market Segmentation, By Material Type
11.2.6.2 Canada Automotive NVH Materials Market Segmentation, By Application
11.2.6.3 Canada Automotive NVH Materials Market Segmentation, By Vehicle Type
11.2.7 Mexico
11.2.7.1 Mexico Automotive NVH Materials Market Segmentation, By Material Type
11.2.7.2 Mexico Automotive NVH Materials Market Segmentation, By Application
11.2.7.3 Mexico Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Automotive NVH Materials Market Segmentation, By Country
11.3.2.2 Eastern Europe Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.3 Eastern Europe Automotive NVH Materials Market Segmentation, By Application
11.3.2.4 Eastern Europe Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.2.4 Poland
11.3.2.4.1 Poland Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.4.2 Poland Automotive NVH Materials Market Segmentation, By Application
11.3.2.4.3 Poland Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.2.5 Romania
11.3.2.5.1 Romania Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.5.2 Romania Automotive NVH Materials Market Segmentation, By Application
11.3.2.5.3 Romania Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.2.6 Hungary
11.3.2.6.1 Hungary Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.6.2 Hungary Automotive NVH Materials Market Segmentation, By Application
11.3.2.6.3 Hungary Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.2.7 Turkey
11.3.2.7.1 Turkey Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.7.2 Turkey Automotive NVH Materials Market Segmentation, By Application
11.3.2.7.3 Turkey Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.8.2 Rest of Eastern Europe Automotive NVH Materials Market Segmentation, By Application
11.3.2.8.3 Rest of Eastern Europe Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3 Western Europe
11.3.3.1 Western Europe Automotive NVH Materials Market Segmentation, By Country
11.3.3.2 Western Europe Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.3 Western Europe Automotive NVH Materials Market Segmentation, By Application
11.3.3.4 Western Europe Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.4 Germany
11.3.3.4.1 Germany Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.4.2 Germany Automotive NVH Materials Market Segmentation, By Application
11.3.3.4.3 Germany Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.5 France
11.3.3.5.1 France Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.5.2 France Automotive NVH Materials Market Segmentation, By Application
11.3.3.5.3 France Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.6 UK
11.3.3.6.1 UK Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.6.2 UK Automotive NVH Materials Market Segmentation, By Application
11.3.3.6.3 UK Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.7 Italy
11.3.3.7.1 Italy Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.7.2 Italy Automotive NVH Materials Market Segmentation, By Application
11.3.3.7.3 Italy Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.8 Spain
11.3.3.8.1 Spain Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.8.2 Spain Automotive NVH Materials Market Segmentation, By Application
11.3.3.8.3 Spain Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.9.2 Netherlands Automotive NVH Materials Market Segmentation, By Application
11.3.3.9.3 Netherlands Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.10.2 Switzerland Automotive NVH Materials Market Segmentation, By Application
11.3.3.10.3 Switzerland Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.11 Austria
11.3.3.11.1 Austria Automotive NVH Materials Market Segmentation, By Material Type
11.3.3.11.2 Austria Automotive NVH Materials Market Segmentation, By Application
11.3.3.11.3 Austria Automotive NVH Materials Market Segmentation, By Vehicle Type
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Automotive NVH Materials Market Segmentation, By Material Type
11.3.2.12.2 Rest of Western Europe Automotive NVH Materials Market Segmentation, By Application
11.3.2.12.3 Rest of Western Europe Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Automotive NVH Materials Market Segmentation, By Country
11.4.3 Asia Pacific Automotive NVH Materials Market Segmentation, By Material Type
11.4.4 Asia Pacific Automotive NVH Materials Market Segmentation, By Application
11.4.5 Asia Pacific Automotive NVH Materials Market Segmentation, By Vehicle Type
1.4.5 China
11.4.5.1 China Automotive NVH Materials Market Segmentation, By Material Type
11.4.5.2 China Automotive NVH Materials Market Segmentation, By Application
11.4.5.3 China Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.6 India
11.4.6.1 India Automotive NVH Materials Market Segmentation, By Material Type
11.4.6.2 India Automotive NVH Materials Market Segmentation, By Application
11.4.6.3 India Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.7 Japan
11.4.7.1 Japan Automotive NVH Materials Market Segmentation, By Material Type
11.4.7.2 Japan Automotive NVH Materials Market Segmentation, By Application
11.4.7.3 Japan Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.8 South Korea
11.4.8.1 South Korea Automotive NVH Materials Market Segmentation, By Material Type
11.4.8.2 South Korea Automotive NVH Materials Market Segmentation, By Application
11.4.8.3 South Korea Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.9 Vietnam
11.4.9.1 Vietnam Automotive NVH Materials Market Segmentation, By Material Type
11.4.9.2 Vietnam Automotive NVH Materials Market Segmentation, By Application
11.4.9.3 Vietnam Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.10 Singapore
11.4.10.1 Singapore Automotive NVH Materials Market Segmentation, By Material Type
11.4.10.2 Singapore Automotive NVH Materials Market Segmentation, By Application
11.4.10.3 Singapore Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.11 Australia
11.4.11.1 Australia Automotive NVH Materials Market Segmentation, By Material Type
11.4.11.2 Australia Automotive NVH Materials Market Segmentation, By Application
11.4.11.3 Australia Automotive NVH Materials Market Segmentation, By Vehicle Type
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Automotive NVH Materials Market Segmentation, By Material Type
11.4.12.2 Rest of Asia-Pacific Automotive NVH Materials Market Segmentation, By Application
11.4.12.3 Rest of Asia-Pacific Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Automotive NVH Materials Market Segmentation, By Country
11.5.2.2 Middle East Automotive NVH Materials Market Segmentation, By Material Type
11.5.2.3 Middle East Automotive NVH Materials Market Segmentation, By Application
11.5.2.4 Middle East Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.2.4 UAE
11.5.2.4.1 UAE Automotive NVH Materials Market Segmentation, By Material Type
11.5.2.4.2 UAE Automotive NVH Materials Market Segmentation, By Application
11.5.2.4.3 UAE Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.2.5 Egypt
11.5.2.5.1 Egypt Automotive NVH Materials Market Segmentation, By Material Type
11.5.2.5.2 Egypt Automotive NVH Materials Market Segmentation, By Application
11.5.2.5.3 Egypt Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Automotive NVH Materials Market Segmentation, By Material Type
11.5.2.6.2 Saudi Arabia Automotive NVH Materials Market Segmentation, By Application
11.5.2.6.3 Saudi Arabia Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.2.7 Qatar
11.5.2.7.1 Qatar Automotive NVH Materials Market Segmentation, By Material Type
11.5.2.7.2 Qatar Automotive NVH Materials Market Segmentation, By Application
11.5.2.7.3 Qatar Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Automotive NVH Materials Market Segmentation, By Material Type
11.5.2.8.2 Rest of Middle East Automotive NVH Materials Market Segmentation, By Application
11.5.2.8.3 Rest of Middle East Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.3 Africa
11.5.3.1 Africa Automotive NVH Materials Market Segmentation, By Country
11.5.3.2 Africa Automotive NVH Materials Market Segmentation, By Material Type
11.5.3.3 Africa Automotive NVH Materials Market Segmentation, By Application
11.5.3.4 Africa Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.3.5 Nigeria
11.5.3.5.1 Nigeria Automotive NVH Materials Market Segmentation, By Material Type
11.5.3.5.2 Nigeria Automotive NVH Materials Market Segmentation, By Application
11.5.3.5.3 Nigeria Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.3.6 South Africa
11.5.3.6.1 South Africa Automotive NVH Materials Market Segmentation, By Material Type
11.5.3.6.2 South Africa Automotive NVH Materials Market Segmentation, By Application
11.5.3.6.3 South Africa Automotive NVH Materials Market Segmentation, By Vehicle Type
11.5.3.7 Rest of Africa
11.5.3.7.1 Rest of Africa Automotive NVH Materials Market Segmentation, By Material Type
11.5.3.7.2 Rest of Africa Automotive NVH Materials Market Segmentation, By Application
11.5.3.7.3 Rest of Africa Automotive NVH Materials Market Segmentation, By Vehicle Type
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Automotive NVH Materials Market Segmentation, By Country
11.6.3 Latin America Automotive NVH Materials Market Segmentation, By Material Type
11.6.4 Latin America Automotive NVH Materials Market Segmentation, By Application
11.6.5 Latin America Automotive NVH Materials Market Segmentation, By Vehicle Type
11.6.5 Brazil
11.6.5.1 Brazil Automotive NVH Materials Market Segmentation, By Material Type
11.6.5.2 Brazil Automotive NVH Materials Market Segmentation, By Application
11.6.5.3 Brazil Automotive NVH Materials Market Segmentation, By Vehicle Type
11.6.6 Argentina
11.6.6.1 Argentina Automotive NVH Materials Market Segmentation, By Material Type
11.6.6.2 Argentina Automotive NVH Materials Market Segmentation, By Application
11.6.6.3 Argentina Automotive NVH Materials Market Segmentation, By Vehicle Type
11.6.7 Colombia
11.6.7.1 Colombia Automotive NVH Materials Market Segmentation, By Material Type
11.6.7.2 Colombia Automotive NVH Materials Market Segmentation, By Application
11.6.7.3 Colombia Automotive NVH Materials Market Segmentation, By Vehicle Type
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Automotive NVH Materials Market Segmentation, By Material Type
11.6.8.2 Rest of Latin America Automotive NVH Materials Market Segmentation, By Application
11.6.8.3 Rest of Latin America Automotive NVH Materials Market Segmentation, By Vehicle Type
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
13.12 Wolverine Advanced Materials LLC (US)
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 Borgers AG (Germany)
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 DuPont (US)
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 Eastman Chemical Company (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
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
16.Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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.
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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.
The Driveline Market size is expected to reach USD 501.2 Bn by 2030, the market was valued at USD 287 Bn in 2022 and will grow at a CAGR of 7.2% over the forecast period of 2023-2030.
The Automotive Seats Market size was valued at USD 58,289 Mn in 2022 and is expected to reach USD 81,759 Mn by 2030. And grow at a CAGR of 4% over the forecast period of 2023-2030.
Electric Vehicle Connector Market Size was valued at USD 59.07 million in 2022 and is expected to reach USD 231.24 million by 2030 and grow at a CAGR of 18.6% over the forecast period 2023-2030.
Electric Power Steering Market Size was valued at USD 25.85 billion in 2022 and is expected to reach USD 39.97 billion by 2030 and grow at a CAGR of 5.6% over the forecast period 2023-2030.
The Automotive Electronics Market was size at USD 230 Bn in 2022 and has been estimated to reach USD 355.6 Bn by 2030. The expected CAGR is 5.6% over the forecast period of 2023-2030.
The Smart Railways Market is estimated to reach USD 52.04 Bn by 2030 and was valued at USD 27.9 Bn in 2022 and is expected to grow at a CAGR of 8.1% over the forecast period of 2023-2030.
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