Automotive Acoustic Material Market – Size, Dynamics, Regional Insights and Market Segment Analysis (2024-2030)

Automotive Acoustic Material Market was valued at USD 3.46 Billion in 2023, and it is expected to reach USD 4.89 Billion by 2030, exhibiting a CAGR of 5.05% during the forecast period (2024-2030).

Acoustical materials for automotive are available in fabrics, foams, and other materials. The usage of these materials is widespread in the automotive industry to improve comfort and safety while lowering noise levels.

he sound-absorbing and soundproofing properties of the acoustic materials help to reduce road noise. These effective and affordable materials are constantly being developed by a number of well-known automakers and OEMs so that they may provide their customers with more comfort. Future market growth is expected as a result of these measures.To know about the Research Methodology :- Request Free Sample Report
Automotive Acoustic Material Market Dynamics:
Increasing Demand for Luxury Vehicles

As the market for premium vehicles has expanded, manufacturers have placed a large emphasis on luxury and comfort. The main objective is to maintain a sound level that is within acceptable bounds. The car's acoustic system needs to pay more attention to these noise constraints. As a result, it is anticipated that the market for automotive acoustic materials would expand in the next years.

The development of premium cars is projected to increase demand for automotive acoustic materials globally since they provide interiors their aesthetic appearance while reducing noise, vibration, and harshness (NVH) in the cabin. It is expected that the market for automotive acoustic materials would have increased demand as a result of the development of materials that are simple to install and can entirely fill interior spaces in automobiles. Demand for vehicle acoustic materials is anticipated to increase as a result of the government's investment in public transportation.

Government Noise Laws and Restrictions

Both carbon dioxide emissions and the noise made by cars are subject to restrictions. The primary contributor to environmental health issues has been recognised as noise from moving automobiles. The emphasis on acoustic systems to manage noise has grown as a result of these sound control limits. As a result, the market for vehicle acoustic materials has expanded.

Growing Preference for Comfortable Cabins by Customers Will Fuel Market Growth

The safety and comfort of the car's interior are in high demand right now. The demand for passenger automobiles has been spurred by consumers' growing preference for luxury features like ambient lighting, infotainment, sunroofs, and massaging seats, among others. The installation of these elements, on the other hand, has increased structural and airborne noise, which is driving up demand for acoustics engineering services in the car industry. The market is experiencing significant growth owing to the increasing demand for physical and virtual testing of vehicle doors, sunroofs, infotainment systems, etc. For instance, to achieve noiseless driving, Hyundai Motor Group introduced the first lightweight Road Noise Active Noise Control (RANC) technology in the world. By providing sound waves that are the opposite of the noise that is being incident, the technology actively controls the noise.

Launch of Improved Comfort and Safety Features

Luxury and comfort are now a major area of attention for manufacturers due to the rise in demand for premium automobiles. The primary goal is to make sure that the vehicle sound is within acceptable limits. These sound restrictions necessitate a greater emphasis on the automotive acoustic system. As a result, in the upcoming years, the market for automotive acoustic material will expand.

Automotive Acoustic Material Market Opportunities:

The building and construction sector, as well as automakers, are now required to incorporate acoustic materials into their products, which represents a significant opportunity to propel the growth of the automotive acoustic materials market. Government agencies have increased the requirements for the reduction of noise pollution. The market for automotive acoustic materials is also expanding as more electric cars are sold, which are quieter and more environmentally friendly.

Automotive Acoustic Material Market Restraint and Challenges:

The market's growth is expected to be constrained by growing worries about the misuse of environmentally friendly bio-based products instead of synthetic materials that can replace current acoustic materials. The market growth for automotive acoustic materials is being hampered by volatility in raw material prices.

The price-setting procedure for every related component of an automobile is heavily influenced by the raw materials utilised in it. Likewise, the variable cost of the raw materials used to make acoustic insulators can hinder economic growth.
Automotive Acoustic Material Market Segments:
Growing Demand from Acrylonitrile butadiene styrene (ABS) to Aid Market Growth

By Material Type, Acrylonitrile butadiene styrene (ABS) segment is estimated to account for over 32.4% of the total market share in 2023. Engineering thermoplastics like ABS are frequently used, and because of their strength and rigidity, they are perfect for automotive applications. It is frequently employed in the production of automobile body parts and components. The impact resistance of ABS is good, and it is simple to mould into various sizes and shapes.

Door Expected to Hold Significant Share by 2030

Based on Component, The door segment is expected to grow the CAGR of xx% during the forecasted period. One of the basic interior components found in all types of vehicles is the door. Thanks to the superior aesthetic qualities and strong strength, the market is projected to grow exponentially. One of the fundamental interior components found in all vehicle classes is the door trim. Therefore, OEMs emphasise its durability, increased strength, design flexibility, and cost effectiveness. The combination of several materials enhances the acoustic performance of autos. As a result, it is expected to be the market's biggest contributor for automotive acoustic materials market.

By Application, Interior cabin acoustics segment is estimated to account for 43.2% of the total market share in 2023 and is expected to grow at the highest CAGR of 5.75% during the forecast period. This growth is attributed to growing demand for quiet & noiseless vehicle cabins for comfortable driving.
Industry Development Factors:
The MMR report provides an analysis of the key development in each key players of the global automotive acoustic material market, along with forecasts at the global, regional and country level from 2024-2030. Key players in automotive acoustic material market have adopted various strategies to expand their global presence and increase their market shares. Partnerships, agreements, mergers and acquisitions, and new product developments are some of the major strategies adopted by the market players, to achieve growth in the automotive acoustic material market

At the Fakuma trade show in Friedrichshafen, Germany, in September 2022, BASF debuted a new flame-retardant Ultramid grade (PA66) that broadens the selection of color-stable, custom engineering plastics for use in electric cars. This grade is used to create engine and transmission mounts that not only improve acoustics but also result in production cost savings.

In October 2022, Sumitomo Riko announced that it had recovered a portion of the vehicle testing proving ground installed at the Tsukuba North Site of AIST and installed a new course with unique road surfaces as part of a joint research project with the National Institute of Advanced Industrial Science and Technology (AIST) in Japan. To measure and assess the NVH of automobiles, six different types of special road surfaces were installed: a road noise road, a ride comfort road, a Belgian-block road, an unduSouthg road, a gravel and sand exposed road, and a harshness road.

Freudenberg Group purchased Low & Bonar PLC in London, United Kingdom, in May 2020. The enterprise will become a part of the Freudenberg Performance Materials Business Group.
Automotive Acoustic Material Market Regional Insights:
Regional analysis is another highly comprehensive part of the research and analysis study of the Global Automotive Acoustic Material Market covered in the MMR report.

APAC dominated the Automotive Acoustic Material Market with a market share of 45.56% in 2023.

In 2023, APAC held the largest share of the automotive acoustic material market, followed by Europe, and North America. The demand for the Asian market has increased in the area as a result of consistent economic growth, a growing emphasis on autos, developments in acoustic materials, and government laws regarding vehicle noise. Due to the presence of major companies like Dow Chemical, BASF, and 3M (US), this region has the largest market share.

China: The world's largest vehicle market is in China. However, the country has seen a fall in sales during the last few years. According to data from the China Association of Automobile Manufacturers, global auto sales grew 3.8% year over year in December, bringing the total for 2022 to 26.28 million.

Daimler officially unveiled its brand-new "Daimler R&D Tech Center China" in Beijing in October 2022. The R&D tech centre, with a total investment of CNY 1.1 billion, has a gross floor space 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 building. More than 300 test vehicles can be housed simultaneously in the new test building.

Europe is the Second Largest Region In Terms Of Market Growth in Automotive Acoustic Material:

Europe is the second-largest market for passenger vehicles, especially luxury vehicles. The market for acoustic materials in Europe is expected to rise as the sale of luxury vehicles is anticipated to grow linearly during the forecast period.
North America Opens up New Windows for Further Growth:
During the forecast period, the North American region is expected to provide lucrative opportunities for the growth of the automotive acoustic materials market. Furthermore, it is projected that over the course of the forecast period, this region's growing demand for luxury automobiles will support economic growth. By 2023, it is expected that output in South America's automotive sector would have increased to about five million automobiles. A multitude of causes, such as the expansion of the middle class, the network of roadways, and rising foreign investment, are driving this boom.
Automotive Acoustic Material Market Scope: Inquire before Buying



Automotive Acoustic Material Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 3.46 Bn.


Forecast Period 2024 to 2030 CAGR:
5.05%
Market Size in 2030:
USD 4.89 Bn.


 Segments Covered:
by Vehicle Type
Passenger Cars
LCV
HCV


by Material Type
Acrylonitrile butadiene styrene (ABS)
Fiberglass
Polyvinyl chloride (PVC)
Polyurethane (PU) foam
Polypropylene
Textiles


by Application
Underbody & engine bay acoustics
Interior cabin acoustics
Exterior acoustics
Trunk panel acoustics


by Components
Arch Liner
Dash
Fender & Floor Insulator
Door
Head & Bonnet Liner
Engine Cover
Trunk Trim
Parcel Tray
Other



Automotive Acoustic Material Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive Acoustic Material Market, Key Players are:
1. Bayer AG (Germany)
2. Henkel AG & Co. KGaA (Germany)
3. Covestro AG (Germany)
4. J. H. Ziegler GmbH (Germany)
5. BASF SE (Germany)
6. Huntsman International LLC (US)
7. Auralex Automotive Acoustics, Inc. (US)
8. Johns Manville (US)
9. E. I. du Pont de Nemours and Company (US)
10. FABRI-TECH COMPONENTS, Inc. (US)
11. Thomas Publishing Company. (US)
12. Owens Corning (US)
13. HARMAN International. (US)
14. UFP Technologies, Inc. (US)
15. 3M Company (US)
16. Soundproof Cow (US)
17. Sumitomo Riko Company Limited. (Japan)
18. NIHON TOKUSHU TORYO CO.,LTD. (Japan)
19. Toray Industries (Japan)
20. Tex Tech Industries (India)
21. H.S. Engineers (India)
22. Alfa Acoustics (India)
23. Rockwool International A/S (Denmark)
24. Knauf Insulation (Belgium)
25. Saint-Gobain (France)
26. Fletcher Insulation (Australia)
27. LyondellBasell Industries Holdings B.V. (Netherlands)
28. Easy Noise Control B.V. (Netherlands)
29. Acoustic & Insulation Techniques, S.L. (Spain)
30. Tecman Speciality Materials Ltd. (UK)
31. Sika AG (Switzerland)
Frequently Asked Questions:
1. Which region has the largest share in Global Automotive Acoustic Material Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Automotive Acoustic Material Market?
Ans: The Global Automotive Acoustic Material Market is growing at a CAGR of 5.05% during forecasting period 2024-2030.

3. What is scope of the Global Automotive Acoustic Material Market report?
Ans: Global Automotive Acoustic Material Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Automotive Acoustic Material Market?
Ans: The important key players in the Global Automotive Acoustic Material Market are – Bayer AG (Germany), Henkel AG & Co. KGaA (Germany), Covestro AG (Germany), J. H. Ziegler GmbH (Germany), BASF SE (Germany), Huntsman International LLC (US), Auralex Automotive Acoustics, Inc. (US), Johns Manville (US), E. I. du Pont de Nemours and Company (US), FABRI-TECH COMPONENTS, Inc. (US), Thomas Publishing Company. (US), Owens Corning (US), HARMAN International. (US), UFP Technologies, Inc. (US), 3M Company (US), Soundproof Cow (US), Sumitomo Riko Company Limited. (Japan), NIHON TOKUSHU TORYO CO.,LTD. (Japan), Toray Industries (Japan), Tex Tech Industries (India), H.S. Engineers (India), Alfa Acoustics (India), Rockwool International A/S (Denmark), Knauf Insulation (Belgium), Saint-Gobain (France), Fletcher Insulation (Australia), LyondellBasell Industries Holdings B.V. (Netherlands), Easy Noise Control B.V. (Netherlands), Acoustic & Insulation Techniques, S.L. (Spain), Tecman Speciality Materials Ltd. (UK), and Sika AG (Switzerland)

5. What is the study period of this Market?
Ans: The Global Automotive Acoustic Material Market is studied from 2024 to 2030.