Overview and Scope
Acoustic materials refer to a variety of foams, fabrics, metals, etc. used to
quiet homes, offices, cars, and other structures to improve the comfort and
safety of their occupants by reducing noise generated both inside and outside
of those spaces. According to their properties, such as frequency, composition,
thickness, surface finish, and mounting method, different types of materials
are used for automotive acoustics used to reduce the strength of mechanical
waves such as sound, ultrasound, vibration, and infrasound in liquid, gas, and
solid media.
Sizing and Forecast
The automotive acoustic materials market size has grown strongly in recent
years. It will grow from $3.52 billion in 2023 to $3.77 billion in 2024 at a
compound annual growth rate (CAGR) of 7.3%. The
growth in the historic period can be attributed to regulatory
compliance, emission reduction targets, increased urbanization, consumer
comfort and expectations, electric and hybrid vehicle growth.
The automotive acoustic materials market size is expected to see strong growth
in the next few years. It will grow to $4.96 billion in 2028 at a compound
annual growth rate (CAGR) of 7.1%. The
growth in the forecast period can be attributed to rising autonomous vehicles,
interior vehicle customization, environmental concerns, rising infrastructure
projects, emerging growth in economies. Major trends in the forecast period
include electric vehicle specific solutions, advanced soundproofing
technologies, customized interior acoustics, augmented reality audio, smart
materials and sensors.
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Segmentation & Regional Insights
The automotive acoustic materials market covered in this report is segmented –
1) By Material Type: Acrylonitrile Butadiene Styrene (ABS), Fiberglass,
Polyvinyl Chloride (PVC), Polyurethane (PU) Foam, Polypropylene, Textiles
2) By Component: Arch Liner, Dash, Fender and Floor Insulator, Door, Head &
Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray, Other Components
3) By Vehicle Type: Passenger Cars, LCV, HCV
4) By Application: Underbody and Engine Bay Acoustics, Interior Cabin
Acoustics, Exterior Acoustics, Trunk Panel Acoustics
Asia-Pacific was the largest region in the automotive acoustic materials market
share in 2023. The regions covered in the automotive acoustic materials market
report include Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in sales of electric vehicles is expected to propel the growth of
the automotive acoustic materials market going forward. Electric vehicles are
vehicles that use electricity either entirely or in part. Automotive acoustic
materials help electronic vehicles to reduce interior vehicle noise, by
soundproofing and sound absorbing. According to the International Energy Agency
(IEA) report in 2021, a France-based autonomous intergovernmental organization
for energy, two-thirds of new electric car registrations and two-thirds of the
stock in 2020 were battery electric vehicles (BEVs). Additionally, China has
the greatest fleet size of electric vehicles with 4.5 million units and Europe
experienced the largest annual growth, rising to 3.2 million in the year 2020.
Therefore, the rising sales of electric vehicles are driving the growth of the
automotive acoustic materials market.
Key Industry Players
Major companies operating in the automotive acoustic materials market include Dow Chemical Company, 3M Acoustic Solutions,
BASF SE, Covestro AG, Henkel Adhesives Technologies India Private Limited,
LyondellBasell Industries Holdings B.V., Sumitomo Riko Co. Ltd., Sika AG,
Rockwool A/S, Huntsman International LLC, Johns Manville, Saint-Gobain Ecophon
AB, Harman International, Thomas Publishing Company, UFP Technologies Inc.,
Nihon Tokushu Toryo Co. Ltd., Knauf Insulation Ltd., Owens Corning, DuPont
Automotive, ThyssenKrupp Automotive AG, Bridgestone Americas Inc., Metaldyne
LLC, Detroit Diesel Corp., Alps Automotive Inc., American Showa Inc.,
Electrolux AB, LG Electroncis Inc., Miele & Cie. KG, Samsung Electronics
Co. Ltd., Panasonic Corporation, Koninklijke Philips N.V., Shanghai Energy New
Materials Technology Co. Ltd., Sinoma Science & Technology Co. Ltd.,
Cangzhou Mingzhu Plastic Co., Teijin Limited, Nitto Denko Corporation
The automotive acoustic materials market report table of contents includes:
1. Executive Summary
2.
Automotive Acoustic Materials Market Characteristics
3.
Automotive Acoustic Materials Market Trends And Strategies
4.
Automotive Acoustic Materials Market - Macro Economic Scenario
5. Global
Automotive Acoustic Materials Market Size and Growth
.
31. Global Automotive Acoustic Materials Market Competitive Benchmarking
32. Global
Automotive Acoustic Materials Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Automotive Acoustic Materials Market
34.
Automotive Acoustic Materials Market Future Outlook and Potential Analysis
35.
Appendix
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