The report "Acoustic Materials Market by Type (ABS, Fiberglass, PP, PU, PVC & Textile), Component (Arch Liner, Outer & Inner Dash, Fender & Floor Insulator, Door Trim, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray), ICE & EV, and Region - Forecast to 2022", The increasing sales of ICE and electric/hybrid vehicles, the rising global demand for premium passenger cars and enhanced interior cabin comfort features, government regulations pertaining to vehicle noise limits, and the increasing penetration of comfort-related components in the heavy commercial vehicle segment are the key drivers for the acoustic materials market. The market is projected to grow at a CAGR of 6.99% during the forecast period, to reach a market size of USD 2.93 Billion by 2022 from USD 2.09 Billion in 2017.
The acoustic materials market is
anticipated to reach USD 2.93 Billion by 2022, growing at a CAGR of 6.99%
during the forecast period. The rising inclination toward comfort and luxury
features has increased the use of acoustic components in an automobile. The
trend for comfort has also percolated in the commercial vehicle segment, where
the premium truck and bus manufacturers are offering acoustic proofing in
driver cabin as well as in under hood applications. Also, regulations
monitoring the vehicle noise have also triggered the developments in the
acoustic materials.
Under hood & engine bay
application is estimated to be the fastest growing market for acoustic
materials from 2017 to 2022”
Bonnet
liners, engine top cover, and engine encapsulation are the key components that
absorb the under hood & engine bay noise. The powertrain-related components
have to undergo extreme vibrations and temperatures. Hence, the acoustic
materials used in such applications have to cope up with the requirements.
According to the ECE R118 regulations of United Nations Economic Commission for
Europe (UNECE), the insulation material used in the under hood & engine bay
application must have nonflammability certification. Further, component
manufacturing companies using enhanced materials to achieve the target.
Autoneum (Switzerland), an acoustic components manufacturer, is using the
Theta-FiberCell material technology that provides optimum noise protection and
integrated thermal insulation for engine bay components. Also, the design
upgradation by OEMs to develop more powerful engine would boost the demand for
acoustic materials to absorb the noise for the engine bay.
“Asia Oceania: The
largest region for the acoustic materials market.”
The
Asia Oceania region has emerged as the largest market for acoustic materials
from 2017 to 2022. The region is the leader in global vehicle production with
the production growth of around 17% in the past 5 years. China had been the
automobile market in recent years. According to the Organisation Internationale
des Constructeurs d Automobiles (OICA), China along with Japan and India
together accounted almost 44% of the global vehicle production in 2016.
Furthermore, as per the World Bank statistics, the per capita income in China
and India has increased by approximately 68% and 14%, respectively, from 2010
to 2015. The rise in disposable income is expected to increase the sales of
medium- and premium-end vehicles, which in turn would fuel the acoustic
materials market.
Scope of the Report
- Acoustic Materials Market,
By Material Type
- ABS
- Fiberglass
- Polypropylene
- Polyurethane
- PVC
- Textiles
- Others
- Acoustic Materials Market, By Application
- Exterior
- Interior
- Under Hood & Engine Bay
- Trunk panel
- Acoustic Materials Market,
by Components
- Bonnet Liner
- Cabin Rear Trim
- Door Trim
- Engine Top Covers
- Engine Encapsulation
- Fender Insulator
- Floor Insulator
- Headliner
- Inner Dash Insulator
- Outer Dash Insulator
- Parcel Tray
- Trunk Trim
- Wheel Arch Liner
- Acoustic Materials Market,
by Vehicle Type
- Passenger Car
- LCV
- HCV
- Acoustic Materials Market,
by Electric Vehicle Type
- BEV
- HEV
- PHEV
- Acoustic Materials
Market, by region & Country
- Asia Oceania
- China
- India
- Japan
- South Korea
- Rest of Asia Oceania
- Europe
- France
- Germany
- Spain
- UK
- Rest of Europe
- North America
- Canada
- Mexico
- US
- RoW
- Brazil
- Russia
- Others
Some of the key acoustic material
manufacturers and suppliers include BASF (Germany), The Dow Chemical Company
(US), 3M (US), Henkel (Germany), Covestro (Germany) DuPont (US), Toray
Industries, Huntsman International (US), and Sika (Switzerland). BASF adopted a
stable mix of new product development and expansion strategies to retain its
market position, while Dow Chemical followed strategies of new product
development and joint venture to remain a prominent player in the market.
Target Audience
- Automotive acoustic
materials manufacturers
- Automotive acoustic
materials suppliers, traders, and distributors
- Automotive acoustic testing
and engineering providers
- Automotive OEMs
- Automotive component
manufacturing associations
- Government and regulatory
authorities
- Research and consulting
associations
No comments:
Post a Comment