The Automotive Acoustic Materials Market is anticipated to reach USD 2.93 Billion by 2022 growing at a CAGR of 6.99% during the forecast period. Rising inclination towards comfort and luxury features, has increased the automotive acoustic components in an automobile. The trend for comfort has also percolated in commercial vehicle segment, where premium truck and bus manufacturers are offering acoustic proofing in driver cabin as well as in underhood applications. In addition, with regulations monitoring the vehicle noise have also triggered the developments in the automotive acoustic materials.
Objectives of the Study:
- To define, describe, and forecast the global Automotive Acoustic Materials Market based on material type (ABS, fiberglass, PP, PU, PVC, and Textiles), vehicle type (ICE – Passenger Cars, LCV & HCV and Electric Vehicles – BEV, HEV, & PHEV), and key regions (Asia Oceania, Europe, North America, and RoW)
- To estimate & forecast the market by application (Exterior, Interior, Under Hood & Engine Bay & Trunk Panel)
- To estimate & forecast the Automotive Acoustic Materials Market by components (Bonnet Liner, Cabin Rear Trim, Door Trim, Engine Top Cover, Fender Insulator, Floor Insulator, Headliner, Inner Dash Insulator, Outer Dash Insulator, Parcel Tray, Trunk Trim and Wheel Arch Liner)
- To analyze the competitive leadership map for the key players based on their product offerings and business strategies to find the Dynamic Differentiators, Innovators, Visionary Leaders and Emerging Companies in the powered gates market
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The growing number of regulatory mandates such as European Union (EU), National Highway Traffic Safety Administration (NHTSA) related to the vehicular noise and increased demand of interior cabin comfort are driving the growth of the automotive acoustic materials market. Alternatively, the vehicle noise is also affected with fuel type, as diesel engines produce more noise when compared with gasoline engines. The global diesel passenger car share has been fluctuating between 45-55% in past few years. Countries from Europe have always been leading in terms of diesel passenger cars. All the above-mentioned factors will influence the demand for acoustic materials in the passenger car segment. Alternatively, with decreased tail-pipe emission limits, the focus towards electric & hybrid vehicles is growing and the demand for these vehicle types is projected to grow significantly in the near future. With this, the demand for acoustic materials is projected to experience a substantial growth in this vehicle segment. electric & hybrid vehicles.
Target Audience of Automotive Acoustic Materials Market
- Automotive acoustic materials manufacturers
- Automotive acoustic materials suppliers, traders, and distributors
- Automotive acoustic testing and engineering providers
- Automotive OEMs
- Automotive component manufacturing associations
- Government and regulatory authorities
- Research and consulting associations
The Automotive Acoustic Materials Market is dominated by a few globally established players such as BASF SE (Germany), The Dow Chemical Company (US), 3M (US), Henkel AG & Co. KGaA (Germany), Covestro AG (Germany) DuPont (US), Toray Industries, Inc. Huntsman International LLC (US), and Sika AG (Switzerland).
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