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Automotive Acoustic Materials (ABS, Fiberglass, PP, PU, PVC & Textile) Market - Global Forecast to 2027 - ResearchAndMarkets.com

May 23, 2019

DUBLIN--(BUSINESS WIRE)--May 23, 2019--

The “Automotive Acoustic Materials Market by Type (ABS, Fiberglass, PP, PU, PVC & Textile), Component (Arch Liner, Dash, Fender & Floor Insulator, Door, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray), ICE & EV, and Region - Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The Global Automotive Acoustic Materials Market, by Value, is Projected to Grow to USD 3.5 Billion by 2027 From USD 2.4 Billion in 2019, at a CAGR of 4.79%

Introduction of enhanced comfort and safety features in automobiles

Improvement in current safety and comfort features in automobiles would accelerate the growth of the acoustic materials market. The fluctuating raw material prices of acoustic materials will result in restraining the automotive acoustic materials market.

Engine encapsulation to be the fastest growing acoustic materials market, by component

Engine encapsulation is projected to be the fastest growing segment in the automotive acoustic materials market, by component. OEMs are planning to be more customer-centric in terms of services. The growing number of car buyers are looking for a quieter interior cabin. To counter this, OEMs, component manufacturers, and material providers are jointly working to develop improved components with better acoustics.

Engine encapsulation improves vehicle acoustics while lowering interior and exterior noise generation from the vehicle. The designs of engine encapsulation are made such that ideal acoustic and thermal management in the vehicle can be realized. Engine encapsulation system insulates and prevents batteries from cooling too rapidly while not in operation.

On the other hand, it retains thermal energy in the battery so that it returns to its ideal condition more quickly upon reuse. Automotive engine encapsulation is done by materials such as polypropylene, polyurethane, polyamide, glass wool, and carbon fiber. Hence, engine encapsulation is projected to be the fastest growing acoustic materials market.

Polyurethane to be the largest segment for acoustic materials market, by material type

Polyurethane is the most widely used technology in acoustic materials. Moreover, this material is very effective in terms of noise absorption and superior to other traditional acoustic materials such as textiles. Most OEMs in developed and developing countries are nonwoven materials because of their proven efficiency. As per industry insights, polyurethane is expected to continue dominating the overall market, followed by polypropylene and fiberglass. Hence, polyurethane is the largest segment and will continue to be the highest contributor to the acoustic materials market.

The automotive acoustic materials market is dominated by global players and comprises several regional players as well. The key players in the automotive acoustic materials market are Dow Chemical (US), BASF (Germany), 3M (US), Covestro (Germany), Henkel (Germany), and LyondellBasell (US).

The study includes an in-depth competitive analysis of these key players in the automotive acoustic materials market with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

Market Dynamics

Drivers

  • Introduction of Enhanced Comfort and Safety Features
  • Government Regulations Pertaining to Vehicle Noise

Restraints

  • Fluctuating Raw Material Prices

Opportunities

  • Increased Demand for Nonwoven Materials
  • Rising Sales of Electric Vehicles
  • Increasing Vehicle Emission Regulations Provide Acoustic Material Manufacturers an Opportunity to Develop New Acoustic Materials

Challenges

  • Installation of Active Noise Control (ANC) System
  • Recycling of Acoustic Raw Materials and Growing Demand for Natural Acoustic Materials

Companies Mentioned

  • 3M
  • Autoneum
  • BASF
  • Borealis Ag
  • Covestro
  • CTA Acoustics
  • DOW Chemical
  • Henkel
  • Huntsman
  • JH Ziegler
  • Johns Manville
  • Lyondellbasell
  • Nichias Corporation
  • Nihon Tokushu Toryo
  • Roush
  • Sika
  • Sumitomo Riko
  • Tecman Speciality Materials Ltd
  • Toray Industries
  • UFP Technologies

For more information about this report visit https://www.researchandmarkets.com/r/w1kfu1

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005249/en/

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Related Topics:Automotive Parts,Automotive Materials

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/23/2019 04:34 AM/DISC: 05/23/2019 04:34 AM

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