PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252688
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252688
Automotive Acoustic Materials Market size was valued at USD 3,008.6 million in 2022, expanding at a CAGR of 5.3% from 2023 to 2030.
The cabins' low noise level is a comfort factor of paramount significance. Acoustic energy that is impinging on absorptive objects is converted into heat. For car acoustics, a variety of materials are used depending on their frequency, composition, thickness, surface finish, and mounting technique.
Over the upcoming years, the automotive acoustic market is anticipated to be driven by rising car sales and the demand for improved comfort and safety features. Due to their efficacy and low weight, sound-absorbing materials are being used in the manufacturing of cars more and more. This trend is being fueled by consumer demands for cars that are comfortable, lightweight, and have low fuel consumption. Additionally, the market can expand as a result of the rising sales of electric vehicles, the rising demand for nonwoven materials, and the introduction of autonomous vehicles. However, some limitations and difficulties can impede market expansion. Market restraints are likely to be caused by elements like the rising demand for natural acoustic materials, the difficulty of installing Active Noise Control (ANC) Systems, the difficulties associated with recycling acoustic materials, and fluctuating raw material costs.
Based on the product, acrylonitrile butadiene styrene (ABS) is expected to dominate the market during the forecast period. Engineering thermoplastics like ABS are widely used and ideal for automotive uses due to their strength and rigidity. In the manufacturing of car body parts and components, it is frequently used. ABS has excellent impact resistance and is easy to shape into a variety of sizes and shapes.
Based on the component, the door trim segment is projected to dominate the market during the forecast period. The door is one of the fundamental interior components that can be found in all kinds of cars. The market is expected to expand exponentially as a result of the better aesthetic qualities and robust strength. The door trim is one of the basic interior elements that can be found in all car classes. OEMs emphasize its cost-effectiveness, design flexibility, improved strength, and durability as a result. The acoustic efficiency of automobiles is improved by the combination of various materials. As a consequence, it is anticipated to contribute significantly to the market for automotive acoustic materials.
The Asia Pacific is expected to dominate the market during the forecast period owing to the rapid growth in the automobile industry, especially in the country like India and China. The world's biggest automobile market is in China. However, the nation has seen a drop in sales over the last few years. According to data from the China Association of Automobile Manufacturers, global car sales rose 3.8% year over year in December, bringing the total for 2021 to 26.28 million. Numerous businesses have opened new facilities and increased the size of their manufacturing facilities in recent years. For instance, Daimler officially launched its brand-new "Daimler R&D Tech Center China" in Beijing in October 2021. The R&D tech center, with a total expenditure of CNY 1.1 billion, has a gross floor area of 55,000 m2. Seven testing facilities, including an eDrive lab, a charging lab, a lab for volatile organic compounds (VOC), a lab for noise, vibration, and harshness (NVH), a lab for engines, and a lab for environmental testing, are housed in the test facility. More than 300 test cars can be housed simultaneously in the new test building. Thus, this is expected to drive market growth in the region.
In March 2021, Teijin Limited declared that Toyota Motor Corporation's fuel cell vehicle (FCV) "Mirai" had been equipped with its polyester three-dimensionally made sound-absorbing material. When hydrogen and air chemically react in the FC stack and the water produced is released from the FC stack or drain pipe outside the car, it will be used as a material to decrease noise.
This proposed research study on the Automotive Acoustic Materials market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the Automotive Acoustic Materials market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Automotive Acoustic Materials market
The impact of COVID-19 on the Automotive Acoustic Materials market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Automotive Acoustic Materials market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Automotive Acoustic Materials market, we have also included a competitive landscape and key innovator analysis for the Automotive Acoustic Materials market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Automotive Acoustic Materials market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Automotive Acoustic Materials market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
Huntsman International LLC
E. I. du Pont de Nemours and Company
Covestro AG
J. H. Ziegler GmbH
BASF SE
Bayer AG
Auralex Automotive Acoustics, Inc.
Johns Manville
Henkel AG & Co. KGaA
FABRI-TECH COMPONENTS, Inc.
Thomas Publishing Company
Owens Corning
HARMAN International
UFP Technologies, Inc
3M Company
Soundproof Cow
Sumitomo Riko Company Limited
Engine Encapsulation
Door Trim
Arch Liner
Dash
Fender & Floor Insulator
Trunk Trim
Parcel Tray
ICE
EV
Polyurethane (PU)
Polypropylene (PP)
Polyvinyl Chloride (PVC) & Textile
Fiberglass
Arylonitrile Butadiene Styrene (ABS)
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA