A comprehensive research study on automotive NVH materials market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.
Asia-Pacific led by China and India is anticipated to lead the automotive NVH materials market during projected time frame. High demand for product in this region is attributed to the expansion of production capacity. Increasing investments by foreign companies and rise in living standard are the other major factors for the automotive product growth in Asia pacific.
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In China, the consumption of product is high due to the growing population and high disposable income, which give a significant impact for the growth of automobile industry. Availability of resources and cheap labor is also a key driving factor for the product market growth due to large presence and expansion by the key manufacturers in this region.
Foam laminates based noise and vibration product emerged as the foremost product due to its superior properties which comprises of light weight, good thermal stability & compression and hardness. Usage of foam laminates for insulation of door and floor in commercial and passenger vehicle are the key driving factor for the automotive NVH materials market growth in upcoming years. Additionally, increasing use of foam laminates for cushioning and roof lining in vehicles due to flexibility and light weight of the product is anticipated to uplift the demand of product.
Automotive NVH Materials Market for Aftermarket services includes customization, replacement parts and maintenance & repair have observed the rapid growth over past period. Growing demand for the customization and auto replacement parts for soundproofing is projected to increase the demand for the automotive NVH materials market over the forecast time frame.
Rubbers are extensively used resource for controlling harshness and absorbing vibrations in vehicles due to their superior properties, includes noise insulation and vibration damping. Low cost, high temperature stability and fluid resistance, makes rubbers the utmost ideal type of product. This, in turn is projected to propel the automotive NVH materials market growth.
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Increasing use of heavy and light commercial vehicle for transportation and logistics has led to the growing need for noise reduction and acoustic features in vehicles which will also drive the product demand in forecasted time frame.
Usage of film laminates as NVH product on glass and windows in order to reduce the air borne noise is anticipated to drive the product growth. Moreover, increasing demand for soundproofing the vehicle and enhanced aesthetics, give a positive impact for the automotive NVH materials market size.
On the basis of application, absorption segment is anticipated to lead the automotive materials market during forecast time frame. Vibration and noise absorbing resources are manufactured by several products which includes rubber, thermoplastic polymer and resins.
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Presence of several key market players in the automotive NVH materials market includes 3M Company, BASF SE, Dow chemical company, Huntsman corporation, Sumitomo Riko Company Limited and ExxonMobil Corporation. Some other notable participants include Unique Fabricating Inc., W. KOPP GmbH & Co. KG, ElringKlinger AG and Rogers Foam Cooperation.