Automotive NVH Materials Market Analysis, Growth Forecast Analysis by Manufacturers, Regions, Type and Application to 2025
14 February 2020 - The global Automotive Noise Vibration and Harshness (NVH)
Materials Market size was estimated at USD 8.02 billion in 2015 and is
expected to reach USD 13.09 billion by 2025. This market can be directly linked
to the increased demand for automotive. Asia Pacific captures approximately
more than 50% of the global automotive NVH materials which leads to huge growth
in demand for cars in China, South Korea, India and other Asia Pacific
countries. The expected rises in investments in this sector followed by rise in
standard of living are some other key factors for the growth in this sector.
Influences in buying decision, boom in automotive industry are the other
secondary factors which are expected to directly impact the growth in this
sector.
The entire market for
automotive NVH materials is segmented based on applications, material types,
vehicles types, region, forecast revenue growth, and analysis of trends in each
of the sub markets. The application segment is divided into absorption and
insulation. Absorption is expected to capture the largest pie in terms of market
share from application segment followed by insulation.
View Full Report
with TOC @ https://www.millioninsights.com/industry-reports/automotive-noise-vibration-harshness-nvh-materials-market
The materials for absorption
are produced by using various thermoplastic polymers, rubbers and engineering
raisins. Various types of rubbers such as synthetic rubbers, EPDM and NBR are
being used by manufacturers for fabrication purposes to the various parts of
automobiles to control the dampened vibrations as experienced by the end users
of the vehicles. Besides rubbers have excellent physical properties such as
high density, vibration absorption properties, high heat, and weather
resistance which makes these combinations an ideal material for NVH. Another
NVH material used in the absorption application is Polyurethane foam sheet
because of similar properties. So it can be inferred that because of the unique
physical and chemical properties of rubber and related materials used in
absorption application is the key to have the largest market share of NVH materials
market.
On the basis of material
types, the market for NVH materials is divided into rubbers, thermoplastic
materials and engineering raisins. On the basis of car types the NVH materials
market is divided into cars, buses, heavy commercial vehicles and light
commercial vehicles. Cars segment enjoyed the largest market of automotive NVH
materials in 2014. The demand for automotive NVH materials can be directly
linked to the demand of various automobiles. Based on the past trends and usage
experience by the end users heavy weight commercial vehicles are expected to be
the fastest growing sector by vehicle type during the upcoming forecast period.
It can be inferred that the key drivers to this growth is heavy usage of these
vehicles in transportation of those goods which are bulk and heavy in nature.
It is observed that there is
an increase in the infrastructure projects such as houses, commercial buildings
in the emerging markets and developing nations such as China, India, and
Brazil. Therefore, the demand for construction materials has been increased to
many folds so in order to transport these raw materials for bulk supply. This
demand is directly proportional to the usage of HCVs. So this trend has
increased the demand for heavy weight commercial vehicles in these countries
and which subsequently lead to the increase in the demand for automotive NVH
materials. So it can be concluded that the upcoming infrastructure projects
across the glove are charting a big path for the huge growth of HCV which will eventually
create a huge market potential for automotive NVH materials.
On the basis of geography, the
automotive NVH materials market is segmented into North America, Europe,
Asia-Pacific, and rest of the world (RoW). Each region is further divided by leading
countries such as the U.S, Canada, Mexico, China, Japan, South Korea, India,
Germany, France, the U.K, Turkey, Brazil and other countries.
Under Asia-Pacific region, the
key contributing countries are China, Japan, South Korea, and India. These countries
make Asia – Pacific region to capture the largest market share geography wise.
This is because these countries have undergone major developments in
infrastructure sector which can be directly linked with the demand for HCV
transportation followed by the consecutive demand for automotive NVH materials.
The Asia-Pacific market captured the largest pie and dominated the global
automotive NVH market. Not only with huge investments in the automotive
industry and heavy advancements in the technological developments Asia-Pacific
region is expected to remain the number one in terms of market share, volume
and by revenue till 2020 but also Asia-Pacific region wise is expected to be
one of the fastest-growing market for automotive NVH materials. This high growth
factor is mainly due to growing automotive market and increase in domestic
demand in the countries such as China, India, South Korea and Japan.
China mainly dominated the NVM
materials market from the Asia – Pacific region. It is immediately followed by the
U.S. It is expected that India will surpass South Korea and Japan in automotive
NVH materials in the near future as India is at present the fastest growing
market. From the growth trends it can be inferred that international companies
manufacturing automotive NVH materials will find it reasonable to invest in the
Asia – Pacific region due to lower cost in production and availability of cheap
and skilled labors. But to every pro there are a few cons. A few restraint
factors have been identified for this market which can have a direct impact on
the growth factors. Presence of active noise control system is being used by
many automotive manufacturers to control noise. So in this situation the NHV
materials demand is expected to decline at a sharp rate. Active noise control
system acts as a threat to substitute to NVH materials. Other threat to
substitutes which restrain the demand for NVH materials are usage of metals and
alloys which reduced the dampening effect of NVH.
The key leaders in the
automotive NVH materials market are ExxonMobil Chemical Company from the U.S.,
Mitsui Chemicals Inc. from Japan, The DoW Chemical Company the U.S., Celanese
Corporation from the U.S., 3M Co. from the U.S., Covestro from Germany, Borgers
AG from Germany, BASF SE from Germany, Lanxess AG from the U.S. and Huntsman
Corporation from the U.S.
Request Sample
Copy of This Report @ https://www.millioninsights.com/industry-reports/automotive-noise-vibration-harshness-nvh-materials-market/request-sample
Market Segmentation
Product Outlook (Revenue, USD Million, 2014 - 2025)
• Molded Rubber
• Metal Laminates
• Foam Laminates
• Molded Foam
• Engineering Resins
• Others
Application Outlook (Revenue, USD Million, 2014 - 2025)
• Absorption
• Damping
End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Cars
• LCVs
• HCVs
Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• U.K
• Asia Pacific
• China
• India
•
Japan
• Central & South America
• Brazil
Comments
Post a Comment