The global demand for Automotive Acoustic Material Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Automotive acoustic materials are sound-absorbing material that absorbs acoustic energy generated in the vehicle and convert it into heat energy. As the heat produced by acoustic are small heat energy produced is also small. The acoustic material possesses absorption properties which make them viable for this purpose. A wide range of material choice is available with different level of frequencies and with a wide variety of sizes, shapes, colour, and light reflectivity. Materials deliver various absorption properties dependent upon frequency, composition, thickness, surface finish, and method of mounting.
Increasing sales of passenger and commercial vehicle along with rising preferences towards comfort and luxury features are a factor driving the market growth. Acoustic comfort and acoustic system quality have become front-ranking criteria in vehicle design. The trend of making lighter vehicle for greater fuel output and rising regulation on noise pollution are promoting the growth of the market. International legal restrictions on noise and air pollution and the increasing customer’s sensitiveness for acoustic comfort, automotive companies have been driving more and more resources to acoustic treatment and isolation. The Protection of the Environment Regulation 2017 makes it an offence to use a vehicle on the road that emits excessive exhaust noise. EPA has enacted the regulations to reduce the noise produced by passenger cars, light commercial vehicles, buses, light trucks, coaches, and trucks. This is favouring the growth of the market. As a result, automakers are adopting numerical method and material to perform vibration and acoustic analyses which is increasing R&D activities in the acoustic market. However, the introduction of alternatives such as active noise control system and hike in polymer prices is hampering the growth of the automotive acoustic material market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Automotive Acoustic Material.
The entire Automotive Acoustic Material market has been sub-categorized into product, component, application, and vehicle type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- PVC & Textile
- Arch Liner
- Fender & Floor Insulator
- Head & Bonnet Liner
- Engine Cover
- Trunk Trim
- Parcel Tray
By Vehicle type
- UnderBody & Engine Bay Account
- Interio Cabin Acoustic
- Trunk Panel Acoustic
- Passenger car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
This section covers regional segmentation which accentuates on current and future demand for Automotive Acoustic Material market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Automotive Acoustic Material Market ByRevenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Automotive Acoustic Material market include Dowdupont, BASF, 3M, Covestro, and Henkel. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.