PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284247
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284247
According to Stratistics MRC, the Global Automotive NVH Materials Market is accounted for $6.2 billion in 2022 and is expected to reach $8.6 billion by 2028 growing at a CAGR of 5.7% during the forecast period. The automotive NVH materials market is expanding because to rising government regulations for safer and quieter vehicles as well as increased demand from the automotive industry. Vehicle manufacturers and component suppliers are attempting to improve the nature and architecture of components by using a variety of materials to reduce noise and vibration. In order to increase durability, decrease cabin noise, and improve fuel efficiency, automakers are placing more and more emphasis on acoustic management and noise reduction in passenger and commercial vehicles.
According to the Organisation International des Constructers d'Automobiles (OICA), Asia-Pacific leads global automobile production in recent years. China is the largest producer of automobiles the country alone produced 2, 57, 20,665 vehicles in 2019.
Heavy vehicles are created in large quantities due to their advantages in transportation, long-distance driving, and many other areas. However, because of its robust character, heavy raw materials, and durable components, automotive NVH materials are required for improved road performance. Therefore, it is anticipated that throughout the projected period, the worldwide automotive NVH materials market will have higher utilisation rates due to the rising manufacturing of heavy cars.
A vehicle's overall vehicle weight increases when its NVH levels are reduced. As a result, automakers including GM, Ford, BMW, and Toyota have created novel and radical techniques to lower the levels of NVH in their vehicles. One such technology is the active noise control system, which enables automakers to improve noise control without adding extra NVH components to vehicles. This technology sends out sound waves with the same amplitude but an inverted phase to the original sound through the vehicle's audio system to suppress low-frequency undesirable noise.
In contrast to ordinary cars with IC engines, hybrid and battery-powered vehicles have differing NVH regulations. Comparatively speaking to internal combustion engines, the cars powered by batteries make nearly little noise. Therefore, NVH control materials are not as necessary in hybrid and battery-powered vehicles. In contrast, a number of low decibel (dB) noises are often drowned out in conventional cars by the roar of the IC engine. As a result, both conventional and modern NVH control materials are required to eliminate these noises. This development can hasten the demand for NVH control components for battery- and hybrid-powered cars in the future.
The weight of the entire vehicle is increased by additional NVH control components. Automobile manufacturers have created more fuel-efficient automobiles as a result of the rising cost of automotive fuels and growing public awareness of how much of a contribution to greenhouse gases vehicles make. Leading automakers used to sell sedans with 2000 cc engines. The same sedans are powered by 1000 to 1500 cc engines today, which are over 1.5 times more fuel-efficient and have the same power as the 2000 cc engines. The new engine emits approximately half as much CO2 per kilometre as the older 2000 cc engines did. Consequently, the problem for automakers is to determine the ideal terms between vehicle weight and NVH levels.
The COVID-19 pandemic outbreak has affected imports and exports of automotive NVH materials such engineering resins, rubbers, metals, and others since governments of the top manufacturing nations have implemented export restrictions that are seriously disrupting supplies. Additionally, the pandemic has had a rapid and severe impact on the globally linked automobile sector, resulting in the suspension of Chinese component exports, widespread disruption of manufacturing across Europe. The demand for automotive NVH materials has significantly decreased due to the decline in vehicle production, which is having a significant effect on the automotive NVH materials market.
The rubber segment is estimated to have a lucrative growth, due to its excellent characteristics, such as light weight, high density, and homogeneity, rubbers are commonly utilised for sound absorption in automobiles. It provides the best vibration dampening and sound isolation. Rubber's high density makes it a great choice for NVH construction because it easily absorbs sound and vibration. Additionally, due to its homogeneity, the material's noise and vibration are evenly dispersed.
The absorption segment is anticipated to witness the fastest CAGR growth during the forecast period. A common countermeasure for circumstances involving excessive radiated noise is to enclose the noise source in acoustic absorbent materials before it is transmitted to the receiver. Design elements including foam type, thickness, and cover films adhered to the foam are altered to achieve acceptable acoustic absorption across the desired frequency range.
Asia Pacific is projected to hold the largest market share during the forecast period owing to its quickly growing automobile sector. Due to population expansion, emerging nations like China and India should experience an increase in demand for efficient transportation solutions during the projection period. Demand for passenger automobiles and commercial vehicles are anticipated to increase in the area as middle-class households' level of living and spending power increase.
North America is projected to have the highest CAGR over the forecast period, owing to its rapidly growing automobile industry. The United States is a significant auto producer. Sales of electric vehicles have increased quickly in the United States during recent years, and this trend is anticipated to continue throughout the forecast period. Due to growing consumer demand is focusing on electrifying their vehicles, which is projected to benefit the market and lead to strong growth.
Some of the key players profiled in the Automotive NVH Materials Market include Huntsman Corporation, BASF SE, N.V.H. Korea CO., LTD., DOW Inc., Recticel, Celanese Corporation, Covestro AG, Nitto Denko Corporation, The 3M company, Henkel AG, Dupont DE Nemours, Inc., Solvay, Eastman Chemical Company, Sumitomo Riko Company Limited, Johns Manville, Borgers SE & CO. KGAA, Arlanxeo and Lanxess AG.
In February 2022, Dupont and Celanese Corporation entered into an agreement to divest mobility and materials segment including the engineering polymers business, performance resins and advanced solutions.
In November 2020 BASF SE launched product based on engineering resin under the Ultracure brand that include Ultracure 3D which provides high stiffness to the material with the flexibility and used in automotive parts.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.