Automotive Acoustic Material Market was valued at USD 3.15 Billion in 2021, and it is expected to reach USD 4.67 Billion by 2029, exhibiting a CAGR of 5.05% during the forecast period .
Maximize Market Research, the global market research firm specialized in automotive and transportation domain has published a report on Automotive Acoustic Material market in November 2022. Sr. Research Analyst at MMR has said that total market size for Automotive Acoustic Material market was valued at USD 3.15 Billion in 2021, and it is expected to reach USD 4.67 Billion by 2029, exhibiting a CAGR of 5.05% during the forecast period.
Automotive Acoustic Material Market Overview:
Objective of the competitive intelligence and market study is to give comprehensive analyse of Automotive Acoustic Material market and industry to the users. The report has studied and analysed local, regional manufacturing dynamics, cost advantages of location, supply chain and local as well as regional market for the key players. Report has also covered the availability of supplier the cost analysis of final product manufactured with the advantages to players.
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Market Scope and research methodology:
The report covers the 30 countries from all five continents. Bottom up approach has been used to collect, analyse the data, which has helped research analyst to give micro details of the local market in the report. Even though this is global report, local level market dynamics are covered in the report. Primary and secondary , both the techniques are used to collect the data. Having said this, more focus was on secondary data base since paid, government sources are used to collect the secondary information. Company’a annual reports are used to collect the data, however, if company’s annual reports are not available, data is purchased from the different sources available in each country, tha include each country’s tax department. Primary interviews are done with executives from key players, market experts and consultants in each country.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Automotive Acoustic Material Market Dynamics:
As the market for premium vehicles has expanded, manufacturers have placed a large emphasis on luxury and comfort. The main objective is to maintain a sound level that is within acceptable bounds. The car's acoustic system needs to pay more attention to these noise constraints. As a result, it is anticipated that the market for automotive acoustic materials would expand in the next years.
The development of premium cars is projected to increase demand for automotive acoustic materials globally since they provide interiors their aesthetic appearance while reducing noise, vibration, and harshness (NVH) in the cabin. It is expected that the market for automotive acoustic materials would have increased demand as a result of the development of materials that are simple to install and can entirely fill interior spaces in automobiles. Demand for vehicle acoustic materials is anticipated to increase as a result of the government's investment in public transportation.
Segmentation:
Acrylonitrile butadiene styrene (ABS) is anticipated to hold more than 32.4% of the market by material type in 2021. Engineering thermoplastics like ABS are widely used and ideal for automotive applications due to their strength and rigidity. In the manufacturing of automobile body parts and components, it is frequently used. ABS has good impact resistance and is easy to shape into a variety of sizes and shapes.
Depending on Component, The door is one of the fundamental interior elements that can be found in all kinds of vehicles. The market is expected to expand exponentially as a result of the superior aesthetic qualities and robust strength. The door trim is one of the basic interior elements that can be found in all vehicle classes. OEMs emphasise its cost effectiveness, design flexibility, increased strength, and durability as a result. The acoustic performance of automobiles is improved by the combination of various materials. As a result, it is anticipated to contribute significantly to the market for automotive acoustic materials.
Key Players:
Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.
Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.
The major players covered in the Automotive Acoustic Material market report are
• Sika AG
• Henkel AG & Co. KGaA
• Covestro AG
• Toray Industries, Inc.
• Huntsman International LLC
• Rockwool International A/S
• DuPont
• Knauf Insulation
• 3M Inc.
• Saint-Gobain
• PrimAutomotive Acoustic
• Auralex Automotive Acoustics, Inc.
• Himalyan Automotive Acoustics
• H.S. Engineers
• Saint-Gobain Ecophon AB
• BASF SE
• Fletcher Insulation
• Johns Manville
• DB Automotive Acoustics Pte Ltd.
• E. I. du Pont de Nemours and Company
• Bayer AG
• Owens Corning
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
Key Questions Answered in the Automotive Acoustic Material Market Report are:
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Nov 23, 2022
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