Automotive NVH Materials Market size was estimated at USD 8.02 billion in 2015 and is expected to reach USD 13.09 billion by 2025. This market can be directly linked to the increased demand for automotive. Asia Pacific captures approximately more than 50% of the global automotive NVH materials which leads to huge growth in demand for cars in China, South Korea, India and other Asia Pacific countries.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/automotive-noise-vibration-harshness-nvh-materials-market/request-sample
The key driving factors responsible for the growth of Automotive NVH
Materials market :
The entire market for automotive
NVH materials is segmented based on applications, material types, vehicles types,
region, forecast revenue growth, and analysis of trends in each of the sub
markets. The application segment is divided into absorption and insulation.
Absorption is expected to capture the largest pie in terms of market share from
application segment followed by insulation.
The materials for absorption are
produced by using various thermoplastic polymers, rubbers and engineering
raisins. Various types of rubbers such as synthetic rubbers, EPDM and NBR are
being used by manufacturers for fabrication purposes to the various parts of
automobiles to control the dampened vibrations as experienced by the end users
of the vehicles. Besides rubbers have excellent physical properties such as
high density, vibration absorption properties, high heat, and weather
resistance which makes these combinations an ideal material for NVH. Another
NVH material used in the absorption application is Polyurethane foam sheet
because of similar properties. So it can be inferred that because of the unique
physical and chemical properties of rubber and related materials used in
absorption application is the key to have the largest market share of NVH
materials market.
On the basis of material types,
the market for NVH materials is divided into rubbers, thermoplastic materials
and engineering raisins. On the basis of car types the NVH materials market is
divided into cars, buses, heavy commercial vehicles and light commercial
vehicles. Cars segment enjoyed the largest market of automotive NVH materials
in 2014. The demand for automotive NVH materials can be directly linked to the
demand of various automobiles. Based on the past trends and usage experience by
the end users heavy weight commercial vehicles are expected to be the fastest
growing sector by vehicle type during the upcoming forecast period. It can be
inferred that the key drivers to this growth is heavy usage of these vehicles
in transportation of those goods which are bulk and heavy in nature.
It is observed that there is an
increase in the infrastructure projects such as houses, commercial buildings in
the emerging markets and developing nations such as China, India, and Brazil.
Therefore, the demand for construction materials has been increased to many
folds so in order to transport these raw materials for bulk supply. This demand
is directly proportional to the usage of HCVs. So this trend has increased the
demand for heavy weight commercial vehicles in these countries and which
subsequently lead to the increase in the demand for automotive NVH materials.
So it can be concluded that the upcoming infrastructure projects across the
glove are charting a big path for the huge growth of HCV which will eventually
create a huge market potential for automotive NVH materials.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/automotive-noise-vibration-harshness-nvh-materials-market
No comments:
Post a Comment