Automotive Acoustic Material Market Disruptor Analysis 2023-2029: Advanced Materials, New Business Models, Competitive Threats
Automotive Acoustic Material Market Overview:
The latest study from Maximize Market Research, " Automotive Acoustic Material Market " 2022-2029, is helpful in understanding the market’s competitors. The study takes a wide and basic look at the market, as well as a look into subjective variables that could give readers valuable business insights. The study includes a market overview that covers the value chain structure, regional analysis, applications, market size, and forecast (2022-2029). The study will be used to get a more accurate assessment of the existing and future state of the global Automotive Acoustic Material market.
Fabrics, foams, and other materials are offered as acoustical materials for the car industry. These materials are widely used in the automotive sector to increase comfort and safety while reducing noise.
Having a CAGR of 5.05% over the projected period (2023-2029), the Automotive Acoustic Material Market was valued at USD 3.30 billion in 2022 and is anticipated to grow to USD 4.67 billion by 2029.
Opportunities in the market for automotive acoustic materials:
Now that cars and the building and construction industry are compelled to use acoustic materials in their products, the automotive acoustic materials market has a big opportunity to expand. Governmental organizations have raised the standards for reducing noise pollution. As more electric vehicles, which are quieter and more ecologically friendly, are sold, the market for automotive acoustic materials is also growing.
Market Scope:
Throughout the projected period, the study analyses a variety of factors, including worldwide Automotive Acoustic Material market growth, consumer volume, market trends, and corporate pricing structures, in order to provide an analytical evaluation of the industry. The report provides in-depth analysis of the market’s complexities. Market features, product differentiation analysis, market size, client landscape, and regional landscape are all included in the research. The report considers development direction, current trends, breakthroughs, predictions, and the competitive environment in its research. This market has been explored in a variety of categories based on profitability and industrial base.
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Segmentation:
ABS (Acrylonitrile Butadiene Styrene) Growing Demand to Support Market Expansion
Acrylonitrile butadiene styrene (ABS) is predicted to hold more than 32.4% of the market by material type in 2022. Engineering thermoplastics like ABS are widely utilized and ideal for automotive applications due to their strength and stiffness. In the manufacturing of vehicle body parts and components, it is extensively used. ABS has strong impact resistance and is easy to form into a variety of sizes and shapes.
By 2029, Door is anticipated to hold a sizable share.
According to component, the door segment is anticipated to have CAGR growth during the anticipated time frame. The door is one of the fundamental interior elements that may be found in all kinds of cars. The market is expected to expand dramatically as a result of the exceptional aesthetic attributes and robust strength. The door trim is one of the basic interior elements that can be found in all vehicle classes. OEMs emphasize its cost effectiveness, design flexibility, enhanced strength, and longevity as a result. The acoustic performance of automobiles is improved by the mix of various materials. As a result, it is anticipated to contribute significantly to the market for automotive acoustic materials.
1 Global Automotive Acoustic Material Market, By Vehicle Type (2022-2029)
• Passenger Cars
• LCV
• HCV
2 Global Automotive Acoustic Material Market, By Material Type (2022-2029)
• Acrylonitrile butadiene styrene (ABS)
• Fiberglass
• Polyvinyl chloride (PVC)
• Polyurethane (PU) foam
• Polypropylene
• Textiles
3 Global Automotive Acoustic Material Market, By Components (2022-2029)
• Arch Liner
• Dash
• Fender & Floor Insulator
• Door
• Head & Bonnet Liner
• Engine Cover
• Trunk Trim
• Parcel Tray
• Other
4 Global Automotive Acoustic Material Market, By Application (2022-2029)
• Underbody & engine bay acoustics
• Interior cabin acoustics
• Exterior acoustics
• Trunk panel acoustics
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Key Players:
It then goes into great detail on the major rivals in the global Automotive Acoustic Material market, as well as developing companies, including revenue, demand, high-quality product producers, sales, and service providers. The study also looks at capacity utilisation, raw material sources, import-export, the value chain, pricing structure, and the industrial supply chain. This report features the following 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)
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Regional Analysis:
Based on various types of commodities, applications, end-users, and nations, among others, the research gives detailed insights into multiple development prospects and obstacles in the above-mentioned locations. Key elements of the global Automotive Acoustic Material market, such as sales growth, product pricing and analysis, growth potential, and solutions for addressing market challenges in certain areas, are also included in the study.
COVID-19 Impact Analysis on Automotive Acoustic Material Market:
COVID-19 is a global public health emergency that has damaged almost every firm, and the long-term effects are likely to have an impact on industry growth during the projection period. Our ongoing research widens our research methods to incorporate basic COVID-19 problems as well as possible future steps. The study considers changes in consumer behaviour and demand, purchasing patterns, the dynamics of modern market forces, and significant government efforts while analysing COVID-19. The updated research includes market insights, analysis, estimates, and predictions based on COVID-19’s impact.
Important inquiries addressed in the Automotive Acoustic Material Market are:
- What is Automotive Acoustic Material ?
- What are the global trends in the Automotive Acoustic Material Market?
- What was the Automotive Acoustic Material Total Market size in 2023?
- What is expected Automotive Acoustic Material Market size by 2029?
- Who held the largest market share in Automotive Acoustic Material Market?
- Who are the leading companies and what are their portfolios in Automotive Acoustic Material Market?
- What are the major challenges that the Automotive Acoustic Material Industry could face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022
- Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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