Automotive NVH Materials Market (Size of $7.7 billion in 2017) to Witness 7.3% CAGR During 2018–2024 - PowerPoint PPT Presentation

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Automotive NVH Materials Market (Size of $7.7 billion in 2017) to Witness 7.3% CAGR During 2018–2024

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The automotive NVH materials market was valued at $7.7 billion in 2017 and is estimated to reach $12.6 billion by 2024. This market is also expected to observe a CAGR of 7.3% during the forecast period. Increasing shifting trend of consumers towards comfortable and eco-friendly cars there are several automobile manufacturers who have steadily started utilizing natural constituents such as soya and sugarcane for the enlargement of bio-based polyurethane. Moreover, the utilization of bio-based polyurethane is the major trend witnessed in the growth of global automotive NVH materials market. – PowerPoint PPT presentation

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Title: Automotive NVH Materials Market (Size of $7.7 billion in 2017) to Witness 7.3% CAGR During 2018–2024


1
Automotive NVH Materials Market
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2
Industry Overview
  • The automotive NVH materials market was valued at
    7.7 billion in 2017 and is estimated to reach
    12.6 billion by 2024. This market is also
    expected to observe a CAGR of 7.3 during the
    forecast period. The increasing market share is
    attributed towards extensive sales of automobiles
    and increasing demand for lightweight vehicles
    across the globe. NVH stands for noise, vibration
    and harshness and it comprises of a complete
    array of perceptions from hearing to feeling. The
    demand for automotive NVH materials is witnessing
    rampant growth as it is considered to be the most
    crucial part of product development.
  • Explore Full Report Description at
    https//www.vynzresearch.com/chemicals-materials/a
    utomotive-nvh-materials-market

3
market segmentation
  • On the basis of type, the automotiveNVHmaterials
    market is segmented into rubber, foam, metal
    sheet, cork, polyvinyl chloride, felt, and
    others. The other types are segmented into resins
    and fiberglass. Among all these segments, rubber
    has been holding largest revenue in the global
    automotive NVH materials market and is expected
    to contribute 4.4 billion by 2024. The market is
    witnessing swelling demand due to its various
    properties such as fluid resistance, high
    temperature stability and low cost of rubbers
    thereby making it popular as compared to several
    types of automotiveNVHmaterials. Moreover, the
    extensive demand for rubber is attributed towards
    their incomparable properties in automotive
    applications such as, noise insulation and
    vibration damping.

4
Geographic Overview
  • Geographically, Asia Pacific have been
    contributing largest revenue and is expected to
    generate 6.2 billion by 2024. The largest share
    of this market is accounted towards increasing
    usage of automotive NVH materials in the
    passengers vehicles particularly in countries
    such as India and China. Moreover, the growth of
    this market in this region is due to growth in
    automotive industry that is enhancing the demand
    for automotive NVH materials. Furthermore, it has
    been observed that in North America, the U.S.
    holds largest market for automotive NVH materials
    and this domination is anticipated to endure
    during the forecast period.

5
Competition among key players
  • Some of the major players operating in the global
    automotive NVH materials market are Exxon Mobil
    Corporation, Huntsman Corporation, Mitsui
    Chemicals Inc., Sumitomo Chemical Company
    Limited, Covestro AG, 3M Company, Lanxess AG,
    BASF SE, DowDuPont Inc., and Borgers SE Co.
    KGaA.

6

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