Summary

Global Automotive Acoustic Materials is expected to grow at a significant rate of around 5% during the forecast period. The automotive acoustic materials market refers to the materials used in the design and production of vehicles to reduce noise and vibration. These materials are used in various parts of the vehicle, such as the engine compartment, door panels, and the underbody. The global automotive acoustic materials market is expected to grow at a steady pace in the coming years due to increasing demand for quieter and more comfortable rides. One of the key factors driving the growth of the automotive acoustic materials market is that premium and luxury vehicles are typically equipped with high-quality acoustic materials to provide a comfortable and quiet ride. As the demand for these types of vehicles increases, so does the demand for acoustic materials. Additionally, various governments and regulatory bodies have imposed regulations on the noise levels emitted by vehicles. This has led to an increased demand for acoustic materials that can reduce the noise levels inside the vehicle. Furthermore, the development of new and advanced materials that offer better acoustic performance is driving the growth of the market. These materials are lightweight, durable, and cost-effective, which makes them an attractive option for manufacturers. In summary, the demand for acoustic materials in the automotive industry is driven by the increasing demand for premium and luxury vehicles, stringent regulations, technological advancements, growing awareness of noise pollution, and increasing demand for electric and hybrid vehicles.

BASF SE, DOW, 3M, Covestro AG, HUNTSMAN, Henkel Adhesives Technologies India Private Limited, DuPont., TORAY INDUSTRIES, INC., LyondellBasell Industries Holdings B.V., and Sika are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst material type, abs (acrylonitrile butadiene styrene) category to witness higher CAGR during the forecast period”
Based on type, the market is segmented into fibreglass, pvc, polyurethane, polypropylene, abs (acrylonitrile butadiene styrene), and others. The abs (acrylonitrile butadiene styrene) category is to witness higher CAGR during the forecast period owing to ABS is a strong and durable material that can withstand impact and wear and tear. This makes it a popular choice for automotive applications that require high performance and durability. Moreover, ABS is a relatively low-cost material compared to other options such as carbon fiber or aluminium. This makes it an attractive option for automakers who are looking to reduce costs while still maintaining high-quality standards.

“Amongst vehicle type, the commercial vehicle holds a significant growth in the market’’
On the basis of drive type, the market is categorized into light commercial vehicle, heavy commercial vehicle, and passenger vehicle. Among these, commercial vehicles hold significant growth in the market. The demand for commercial vehicles such as trucks, buses, and vans is growing due to the expansion of e-commerce, logistics, and transportation sectors. Additionally, Governments and regulatory bodies have established noise and emission regulations for commercial vehicles. These regulations mandate the use of noise-reducing components in vehicles to reduce the noise levels and meet the required standards.

“North America to hold a significant share in the market.”
North America has a significant share in the automotive acoustic materials market due to several factors such as a strong and mature automotive industry, which is a significant consumer of automotive acoustic materials. The United States, in particular, is home to many leading automakers, including General Motors, Ford, and Fiat Chrysler, among others. These automakers demand high-quality acoustic materials to enhance the comfort and noise insulation of their vehicles. Additionally, the North America automotive industry is subject to stringent regulations, including noise and emission regulations. The regulations mandate the use of acoustic materials to reduce the noise emitted by vehicles, which has led to an increased demand for acoustic materials in the region. Furthermore, North American consumers place a high emphasis on comfort and luxury features in their vehicles. Acoustic materials are an essential component of providing a quiet and comfortable ride, which has led to an increased demand for these materials in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global automotive acoustic materials market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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