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.
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.
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.
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.
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 Vehicle type:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Automotive NVH Materials Market Report Scope:
|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|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 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
8.2 Thermoplastic polymers
8.3 Engineering resins
8.5 Textile materials
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
9.3 Insulator & absorber
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
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
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Exxon Mobil Corporation
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)
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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.
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.
The Road Safety Market was valued at USD 3.05 Bn in 2022 and is expected to reach USD 10.02 Bn by 2030 and grow at a CAGR of 17.2% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone