The Automotive Acoustic Materials Market is projected to grow to USD 3.5 billion by 2027 from USD 2.4 billion in 2019, at a CAGR of 4.79%. The global market for acoustic materials is being driven by the development of improved comfort and safety features. Additionally, OEMs would be forced to utilize more acoustic materials as a result of government rules on vehicle noise for passenger cars and commercial vehicles, which would further stimulate the market for automotive acoustic materials.
“Polyurethane and Polypropylene to be the largest segments, by material type.”
The automotive acoustic materials market is progressively valuing polyurethane and polypropylene. Thus, it is anticipated that polyurethane and polypropylene materials will dominate the automotive acoustic materials market. Secondary sources claim that polyurethane breaks when exposed to sunshine because it is permeable. Due to its increased density and capacity for shock absorption, polypropylene is mostly utilized for components on the exterior of the car. As a result, it is used primarily in the interior of vehicles. The need for nonwoven materials like polyurethane and polypropylene, which have advantages over conventional materials like weight reduction, adaptability, improved aesthetics, and cost-effectiveness, is anticipated to rise in the future.
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“Interior to be the fastest growing market for automotive acoustic materials, by application.”
One of the key components that ultimately determines vehicle comfort is the inside cabin. The main issues for car makers are the noise produced by the drivetrain and other sources including wind, the road, and tires. The development of enhanced cabin interiors with greater acoustical properties is being collaborated on by OEMs, component makers, and material suppliers. OEMs have made a number of advancements in terms of car designs. The headliner, floor insulators, inner dash, and door trim are the parts of vehicles that absorb undesirable noise. Additionally, both light and large commercial vehicles employ the cabin rear trim for interior applications.
Due to the size of inside cabin components such headliners and floor insulators, the interior cabin has the fastest growing need for acoustic materials among all vehicle categories. MarketsandMarkets Analysis states that the amount of material needed for these two components is between 3.5 and 5 m2. Additionally, the inner dash along the dashboard plays a crucial role in reducing engine compartment noise. As a result, the interior cabin of the vehicle has exceptional noise shielding thanks to the use of acoustic materials including polypropylene, polyurethane, and fiberglass.
“Asia Oceania to be the largest market for automotive acoustic materials, followed by Europe.”
The largest market for acoustic materials has revealed to be in the Asia-Oceania area. The largest worldwide car manufacturing in 2018 was in Asia and Oceania. According to estimates, the region is the world’s biggest market for automotive acoustic materials, both in terms of volume and price. The enormous vehicle manufacturing in the area presents the market for acoustic materials with enormous growth potential. China is the region’s top automobile manufacturer. Asia Oceania has become the ideal market for automobile OEMs, acoustic material makers, and suppliers thanks to favorable investment policies and the availability of cheap labor. Compared to developed markets like North America and Europe, the region offers a greater potential for growth.
The second-largest market for passenger cars, and specifically for luxury vehicles (C category and above), is Europe. The sale of luxury vehicles is anticipated to expand linearly throughout the course of the projection period, which will boost demand for acoustic materials in Europe.
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Key Market Players
The automotive acoustic materials market is dominated by global players and comprises several regional players as well. The key players in the automotive acoustic materials market are Dow Chemical (US), BASF (Germany), 3M (US), Covestro (Germany), Henkel (Germany), LyondellBasell (US) and Sumitomo Riko (Japan).
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