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 (2022-2029)
Automotive Acoustic Material Market Overview
The Automotive Acoustic Material Market is growing at faster substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period
The report helps in recognizing the drivers that are driving the market growth and discovering ways to use these drivers as strengths. Restraints can help you identify characteristics restraining the market and help you identify and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the market, and new consumer trends. This will help you to understand elements that will influence your potential to take advantage of your opportunities. Challenges could create hurdles for your business. The report allows you to identify challenges and ways to encounter them depending on the market scenario.
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Automotive Acoustic Material Market Scope
The Automotive Acoustic Material Market research provides broad market insights for manufacturers, suppliers, distributors, and investors. All stakeholders in the global Automotive Acoustic Material Market, including industry experts, researchers, journalists, and business researchers, can benefit from the information and statistics provided in this report.
Maximize Market Research report explains how in-depth research on the global Automotive Acoustic Material Market and develops conclusions about the market's future growth factors.
Segmentation:
By Material Type, Acrylonitrile butadiene styrene (ABS) segment is estimated to account for over 32.4% of the total market share in 2021. Engineering thermoplastics like ABS are frequently used, and because of their strength and rigidity, they are perfect for automotive applications. It is frequently employed in the production of automobile body parts and components. The impact resistance of ABS is good, and it is simple to mould into various sizes and shapes.
Based on Component, The door segment is expected to grow the CAGR of xx% during the forecasted period. One of the basic interior components found in all types of vehicles is the door. Thanks to the superior aesthetic qualities and strong strength, the market is projected to grow exponentially. One of the fundamental interior components found in all vehicle classes is the door trim. Therefore, OEMs emphasise its durability, increased strength, design flexibility, and cost effectiveness. The combination of several materials enhances the acoustic performance of autos. As a result, it is expected to be the market's biggest contributor for automotive acoustic materials market.
By Application, Interior cabin acoustics segment is estimated to account for 43.2% of the total market share in 2021 and is expected to grow at the highest CAGR of 5.75% during the forecast period. This growth is attributed to growing demand for quiet & noiseless vehicle cabins for comfortable driving.
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Key Players
• Bayer AG (Germany)
• Henkel AG & Co. KGaA (Germany)
• Covestro AG (Germany)
• J. H. Ziegler GmbH (Germany)
• BASF SE (Germany)
• Huntsman International LLC (US)
• Auralex Automotive Acoustics, Inc. (US)
• Johns Manville (US)
• E. I. du Pont de Nemours and Company (US)
• FABRI-TECH COMPONENTS, Inc. (US)
• Thomas Publishing Company. (US)
• Owens Corning (US)
• HARMAN International. (US)
• UFP Technologies, Inc. (US)
• 3M Company (US)
• Soundproof Cow (US)
• Sumitomo Riko Company Limited. (Japan)
• NIHON TOKUSHU TORYO CO.,LTD. (Japan)
• Toray Industries (Japan)
• Tex Tech Industries (India)
• H.S. Engineers (India)
• Alfa Acoustics (India)
• Rockwool International A/S (Denmark)
• Knauf Insulation (Belgium)
• Saint-Gobain (France)
• Fletcher Insulation (Australia)
• LyondellBasell Industries Holdings B.V. (Netherlands)
• Easy Noise Control B.V. (Netherlands)
• Acoustic & Insulation Techniques, S.L. (Spain)
• Tecman Speciality Materials Ltd. (UK)
• Sika AG (Switzerland)
Regional Analysis
The report on the Automotive Acoustic Material Market's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.
Key Questions answered in the Automotive Acoustic Material Market Report are:
Key offerings:
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Automotive Acoustic Material Market Growth , Automotive Acoustic Material Market Share , Automotive Acoustic Material Market Analysis
Mar 06, 2023