According to Technavio’s latest market research study, the global automotive NVH materials market is expected to grow at a CAGR of close to 7% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global automotive NVH materials market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
Source: Technavio
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The top three revenue contributing application type segments are discussed below
Global automotive NVH materials in the floor module sector: Polyurethane, fiberglass, nitrile butadiene rubber, and cotton textile material are some of the commonly used automotive NVH materials in floor modules. The introduction of tougher and stronger NVH materials for this module during the forecast period is expected to drive the growth of the global automotive NVH materials in the floor module sector.
“Global automobile manufacturers are developing lightweight vehicles that contribute low NVH levels and better mileage. This, in turn, facilitates the alignment of the entire automotive supply chain toward the introduction of products that contribute in the direction of making sales-driven passenger vehicles,” says Ajay Adikari, a lead analyst at Technavio for research on metals and minerals.
Global automotive NVH materials in the cockpit module sector: The rise in the demand for infotainment systems in non-luxury and smaller cars fosters the growth of the global automotive NVH materials market in the cockpit module sector. Polyurethane and mixed textile fibers are the commonly used NVH materials in this sector.
Global automotive NVH materials market in the trunk module sector: Automotive NVH materials used in the trunk module sector have superior soundproofing characteristics. Polyurethane, PVC, mixed textile fibers, fiberglass, and polypropylene are the most commonly used NVH materials in the trunk module sector.
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Top vendors operating in the global automotive NVH materials market are:
- 3M
- BASF
- Covestro
- Dow Chemical
- DuPont
Other prominent vendors in the market include Borealis, BSW, Celanese, Huntsman, Recticel, Assan Hanil, Avon, Borgers, CTA Acoustics, Eagle Industries, Eastman Chemical, ExxonMobil Chemical, Fagerdala World Foams, Henkel ANAND India, Hutchinson, IAC, Johns Manville, LANXESS, MBM Resources Berhad, Mitsui Chemicals, NITTO DENKO, Owens Corning, Roush Industries, Soucy Baron, and Wolverine Advanced Materials.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive NVH Materials Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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