Global Automotive NVH Materials Market: Things to Focus on to Ensure Long-term Success 2020-2026

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Global Automotive NVH Materials Market
High-growth Regions to Expand Geographic
Footprint 2020- 2026
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Industry Overview

• Accordingly, to Global Market Insights the
  Automotive NVH Materials Market is likely to
  record noteworthy growth on account of
  proliferating demand for higher fuel-efficient
  vehicles. Adoption of lightweight materials that
  offer superior sound dampening properties have
  supported the development of vehicles with lower
  mechanical noise and higher fuel economy.
• Federal regulatory bodies like the European
  Commission have imposed stern regulatory
  framework to reduce excessive noise produced by
  automotive. According to these regulations,
  carmakers are directed to adopt all the required
  measures during manufacturing to reduce vehicle
  noise. As a result, car manufacturers have
  started to adopt new and innovative technologies
  to improve their vehicles NVH performance.
• Such initiatives could massively drive the demand
  for NVH materials in automobile sector. Global
  Market Insights, Inc, thereby estimates that the
  automotive NVH materials market might surpass USD
  13 billion by the year 2026.

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• On the basis of material, the automotive NVH
  materials market is categorized into
  polypropylene, rubber, polyamide, polyurethane,
  and polyvinyl chloride. Among these, rubber
  materials are anticipated to record exponential
  growth, controlling over 32 of the overall
  volume share by 2026. Rubber materials are
  renowned for supporting easy sound and vibration
  absorption capabilities. Moreover, rubber has
  tremendous processing and dampening properties,
  making it an ideal automotive NVH material.
• On the regional aspect, Asia Pacific is
  considered to be a promising ground for the
  automotive NVH materials market suppliers and
  manufacturers. The region holds the presence of
  renowned automobile companies with high
  production capabilities. This aspect could play a
  huge role in stimulating the demand for NVH
  materials.
• Taking Japan for instance is one of the most
  developed countries in Asia with a robust
  automotive sector. The country houses some of the
  leading global auto brands like Toyota,
  Mitsubishi, Nissan, and Honda. Imposition of
  favorable federal initiatives like subsidies on
  electric vehicles could massively benefit APAC
  automotive NVH materials market size.

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Growth Drivers

• Increasing consumer demand of vehicle comfort
  with reduced NVH levels
• Rising consumption of plastics in automotive
  production
• Technological advancements associated with NVH
  materials

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• Prominent industry players like BASF SE, The 3M
  Company, Vibroacoustic AG, The Dow Chemical
  Company, Boyd Corporation, ElringKlinger AG,
  ANAND NVH Products Pvt. Ltd., and Fostek
  Corporation are constantly working on expanding
  their production capacity. Diversifying sales
  distribution network and initiating multiple
  research development activities are some of the
  business strategies utilized by companies.

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