Automotive NVH Materials Market Size (2024 - 2029)

The automotive NVH materials market is anticipated to experience growth driven by the rising demand in passenger vehicles and the increasing preference for lightweight performance materials. However, the potential for certain materials to be replaced by alternative technologies may pose challenges to the market's expansion.

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Market Size of Automotive NVH Materials Industry

Automotive NVH Materials Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Automotive NVH Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive NVH Materials Market Analysis

The market for automotive NVH materials is expected to grow at a CAGR of less than 6% globally during the forecast period.

  • Increasing usage and demand in passenger vehicles and growing demand for lightweight performance materials are driving the market growth.
  • Few materials can be substituted by other technologies in the future which in turn is expected to hinder the market growth.

Automotive NVH Materials Industry Segmentation

The Automotive NVH Materials Market report include

Material Type
Rubber
Thermoplastic Polymer
Resins
Fabric-like Materials
Other Material Types
Application
Absorption
Damping
Insulation
Sound Proofing
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Automotive NVH Materials Market Size Summary

The automotive NVH (Noise, Vibration, and Harshness) materials market is poised for growth, driven by the increasing demand for enhanced passenger comfort and the rising adoption of lightweight performance materials in vehicles. These materials play a crucial role in improving ride quality by reducing noise and vibration, thereby enhancing the overall driving experience. The market is also benefiting from the growing trend towards electric vehicles, where NVH materials contribute to weight reduction and improved vehicle efficiency. However, the potential substitution of NVH materials with alternative technologies poses a challenge to market expansion. Rubber remains a dominant material in this sector due to its favorable properties, including temperature resistance, fluid resistance, and cost-effectiveness.

Regionally, Asia-Pacific is expected to lead the global market, supported by its advanced automobile sectors in countries like China, Japan, Korea, and India. The region's dominance is further bolstered by continuous investments in driving technology and the increasing production of luxury and passenger cars. The demand for NVH materials is consistent across various vehicle types, including combustion engine, hybrid, and electric vehicles. The growing middle-class income and population in developing countries are also contributing to the rising demand for passenger cars, thereby fueling the market for NVH materials. The market landscape is partially consolidated, with major players such as BASF SE, 3M Company, and Dow Chemical Company holding significant market shares.

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Automotive NVH Materials Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage in Passenger Vehicles

      2. 1.1.2 Growing Demand for Light Weight Performance Materials

    2. 1.2 Restraints

      1. 1.2.1 Threat of Subtitutes from Alternative Technologies

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material Type

      1. 2.1.1 Rubber

      2. 2.1.2 Thermoplastic Polymer

      3. 2.1.3 Resins

      4. 2.1.4 Fabric-like Materials

      5. 2.1.5 Other Material Types

    2. 2.2 Application

      1. 2.2.1 Absorption

      2. 2.2.2 Damping

      3. 2.2.3 Insulation

      4. 2.2.4 Sound Proofing

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Automotive NVH Materials Market Size FAQs

The Automotive NVH Materials Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)

BASF SE, 3M Company , Dow chemical company , Wolverine Advanced Materials and Sumitomo Riko Co. Ltd are the major companies operating in the Automotive NVH Materials Market.

Automotive NVH Materials Market Report Snapshots

Automotive NVH Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)