Global Automotive NVH Materials Market intelligence with competitive landscape in 2021
The report [143 Pages] "Automotive NVH Materials Market by Type (Rubbers, Thermoplastic Polymers, Engineering Resins), Application (Absorption, Insulation), Vehicle Type (Passenger Vehicles, LCV, HCV) - Global Forecast to 2021", published by MarketsandMarkets, the global market is projected to reach USD 13.52 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021.
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Automotive NVH Materials Market includes manufacturers such as:
- BASF SE (Germany)
- Huntsman Corporation (U.S.)
- 3M Company (U.S.)
- The Dow Chemical Company (U.S.)
- ExxonMobil Corporation (U.S.)
- Sumitomo Riko Company Limited (Japan).
Absorption and insulation are the two application segments of the automotive NVH materials market, of which absorption was the largest application segment in 2015. Vibration absorbing materials are produced using various types of automotive NVH materials, such as rubbers, thermoplastic polymers, and engineering resins. Manufacturers combine various rubbers, such as EPDM, NBR, and other rubbers, to dampen and control the vibrations in vehicles.
Based on vehicle type, the passenger vehicles segment is expected to lead the automotive NVH materials market by 2021. Growth in per capita income and rise in the standard of living in emerging economies are some of the factors propelling the growth of the automotive industry’s passenger vehicles segment. Passenger vehicles are known for their optimum safety and ride comfort, which is why automotive NVH materials find extensive application in passenger vehicles.
The automotive NVH materials market in India is projected to grow at the highest rate during the forecast period. The growing demand for automotive NVH materials from the automotive sector is driving the market in India. Availability of raw materials, cheap labor, and an increasing domestic consumption are the key factors fueling the growth of the automotive NVH materials market in the country.
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