Automotive NVH Materials Market: Global Industry Analysis and Forecast (2024-2030)

The Automotive NVH Materials Market was valued at US$ 14.19 Billion in 2023. Passenger Vehicles is one of the segments reviewed in the MMR report dominating the global Automotive NVH Materials market.
Automotive NVH Materials Market Overview:
The rising demand for automotive NVH materials in APAC, Europe coupled with its growing demand from the automotive sector & the stringent governmental regulations for quieter & safer cars is projected to push the automotive NVH materials market towards the north.

The automotive NVH materials market is being driven by rising demand from the automotive sector as a result of stringent government rules requiring quieter & safer vehicles. Lower NVH levels influence vehicle buying decisions, hence automotive NVH materials find a wide range of usages in passenger vehicles. The automotive NVH materials market is likely to raise in the future as interest in battery-powered light vehicles grows. The expansion of the automotive NVH materials market could be hampered by the development of active noise reduction technologies in automobiles.To know about the Research Methodology:- Request Free Sample Report

Various thermoplastic polymers, engineering resins, & rubbers are used to produce absorption materials. Different rubbers, like EPDM, synthetic rubbers, & NBR, are used in the fabrication of several sections of automobiles to dampen & reduce vibrations experienced by occupants. Rubbers also have decent physical features like high density, heat resistance & vibration absorption, making them a suitable NVH material. Polyurethane foam sheet is added NVH material used in the absorption use in cars.

Driver: Improved demand of cars in developing markets:

Asia-Pacific is currently the world's largest automaker & exporter. China, South Korea, Japan, & India are the county's primary vehicle production hubs. Brazil & Turkey are the fastest-growing vehicle markets in South America & Eastern Europe, respectively. A large share of the autos produced in these nations is sold to Europe, North America, & the Middle East & North Africa. Local demand for autos is also increasing in China, India, Turkey, & Brazil, among other nations. Automobile companies are focusing more on adding safety & comfort into their vehicles as demand for cars in developing areas grows. Automobile companies are trying to achieve product distinction in this manner in order to increase complete sales of their product range. Luxury cars are well recognised for their cabin excellence due to negligible noise & vibration transmission. Improved demand for luxury cars might discreetly assistance in the usage of automotive NVH materials in them.

Cars must adhere to strict rules in order to be safer and quieter.

The worldwide automobile segment is governed & regulated by a number of regulatory bodies. In Europe, the ECE & EU are the most well-known. In North America, FMVSS & NHTSA regulate the vehicle and road safety norms in the United. States. In Canada, CMVSS is the regulatory body for traffic & automobile safety. APAC, KMVSS regulated vehicle safety standards in South Korea. In Australia, the ADR governs car safety & pollution laws. TRIAS regulates vehicle safety & pollution standards in Japan. Automotive safety & emission rules are regulated in India by the AIS & the ARAI. The NVH rules established by the numerous regulatory organisations are examined & updated on a regular basis. Automobile NVH standards are becoming stricter, & this trend is expected to continue in the next years. It is also anticipated that the need for NVH control materials for automotive applications will rise.

There has been an enhanced level of awareness of noise & severity performance in automobiles in current years. The complete refinement levels of an automobile are a major factor influencing car customers' purchasing decisions. As the gap between the quality & dependability levels of automobiles has pointed, manufacturers have been required to demonstrate supremacy by emphasising NVH concerns. When all other considerations, with as fuel efficiency & after-sales service, are comparable, car consumers tend to choose a vehicle with lower NVH levels than its competitors at a given price range. As a result, automakers have made huge efforts to produce & market vehicles with low NVH levels materials.

Installation of an active noise control device as a restraint:

It has been observed which improving a vehicle's NVH levels results in an increase in the vehicle's complete weight. As a result, automakers including GM, Ford, BMW, & Toyota have established innovative & unconventional ways to minimise NVH levels in their vehicles. This technology is the active noise control system, which permits automakers to achieve greater noise control without utilising additional NVH control materials in their vehicles. This method makes usage of the vehicle's audio system to suppress low-frequency undesirable noise by generating sound waves with the same amplitude as the original sound but an inverted phase. High frequency noise would still require NVH materials for adequate noise insulation, as this method can only control low frequency noise. However, as this technology advances, it may be able to replace NVH control materials, reducing their requirement.

Growing interest in battery powdered & hybrid vehicles is an opportunity.

The NVH rules for battery and hybrid vehicles differ from those for traditional IC engines. Unlike internal combustion engines, battery-powered vehicles' power units produce very little noise. As an outcome, NVH control materials which are required in traditional vehicles are not compulsory in battery-powered & hybrid vehicles. As the number of these vehicles on the road grows, demand for NVH control materials may decline. On the other hand, low-decibel noises like wind noise & rattles from suspensions are frequently drowned out by the noise of conventional automobiles' IC engines. As a result, NVH control materials aren't necessary to reduce these noises.

The numerous squeaks & wind noises, which are generally drowned out by the noise created by the IC engines, are prominently audible to the occupants of such cars because the engines of battery motorised & hybrid vehicles are softer than conventional engines. To reduce these noises, new forms of NVH control materials will be necessary. This tendency could produce a market for NVH control materials that aren't required in today's IC engines but will be required in future battery-powered & hybrid vehicles.
Regional Overview:
During the forecast period, APAC is expected to lead the automotive NVH materials market. The growth of the market in the region is credited to expansion of production capacity, & rapid increase in the automotive industry. China is the major customer of automotive NVH materials in APAC. The key causes for the rising demand for automotive NVH materials in emerging markets are population growth & improving living standards which directly affect the automotive business’s development. The automotive NVH materials market in the region is also driven by the easy availability of raw materials and low-cost labour. With important players in the APAC region expanding recently, the demand for automotive NVH materials in this region is projected to grow at the fastest rate between 2018 & 2023.

The objective of the report is to present a comprehensive analysis of the Global Automotive NVH Materials Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Market dynamics, structure by analyzing the Market segments and project the Global Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Automotive NVH Materials Market make the report investor’s guide.
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Global Automotive NVH Materials Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 14.19 Bn.


Forecast Period 2024 to 2030 CAGR:
6.57 %
Market Size in 2030:
US$ 22.16 Bn.


 Segments Covered:
by Type
Rubbers
Thermoplastic Polymers
Engineering Resins


by Vehicle Type
Passenger Vehicles
LCV
HCV



By Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive NVH Materials Market Key Players
1. BASF SE
2. The Dow Chemical Company
3. Exxonmobil Corporation
4. 3M Company
5. Mitsui Chemicals, Inc.
6. Sumitomo Riko Company Limited
7. Covestro AG
8. Celanese Corporation
9. Huntsman Corporation
10. Lanxess AG
11. Borgers AG
12. Henkel AG
13. Recticel
14. DU Pont.
FAQ’S:
1) What is the share of the Global Automotive NVH Materials Market in 2023?
Answer: The Global Automotive NVH Materials Market was accounted for 14.19 Billion in the year 2023.

2) Which Vehicle Type segment is dominating the Global Automotive NVH Materials Market?
Answer: Passenger Vehicles sector is the dominating end use segment in the market.

3) What are the key players in the Global Automotive NVH Materials Market?
Answer: BASF SE, The Dow Chemical Company, Exxonmobil Corporation. 3M Company
Mitsui Chemicals, Inc., Sumitomo Riko Company Limited, Covestro AG, Celanese Corporation, Huntsman Corporation, Lanxess AG, Borgers AG, Henkel AG, Recticel,DU Pont .

4) Which factor acts as the driving factor for the growth of the Automotive NVH Materials Market?
Answer: The major factors for the growth of the Global Automotive NVH Materials market includes increasing demand from the automotive industry and the stringent governmental regulations for quieter & safer vehicles.