Automotive noise, vibration, and harshness (NVH) materials are substances or agents that can reduce or block NVH originating from automobile parts, such as steering wheel, engine box, accelerator, brake paddles, armrest, steering wheel, and floor and seat, of a vehicle. Automakers use rubber, metal sheet, polyvinyl chloride (PVC), felt, resins, cork, and fiberglass to reduce or block NVH at the places where it is sensed. Among these, rubber has been accepted as an ideal NVH material, due to its high density and uniformity.
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Additionally, the largescale production of lightweight vehicles has increased the consumption of NVH materials, globally. Customers have increased their preference for lightweight vehicles, as these automobiles help in saving energy, reducing brake and tire wear, cutting down emissions, improving fuel economy, and controlling NVH. Thus, the surging demand for these automobiles will fuel the automotive NVH materials market at a CAGR of 7.2% during 2018–2023. According to P&S Intelligence, the market was valued at $7,579.8 million in 2017 and it is expected to reach $11,467.5 million by 2023.
Depending on application, the automotive NVH materials market is classified into insulation, vibration damping, and sound absorption. Amongst these, the sound absorption category is predicted to register the highest growth in the market in the future years. This would be because of the generation of numerous complaints of annoying and unwanted noise from various automobile parts across the globe. Geographically, the market recorded the highest growth in the Asia-Pacific region in the past.
Moreover, to cater to the accelerating demand for automotive NVH materials from different regions, the key market players, such as DowDuPont Inc., Borgers SE & Co. KGaA, Huntsman Corporation, Mitsui Chemicals Inc., Exxon Mobil Corporation, 3M Company, Sumitomo Chemical Company Limited, Covestro AG, BASF SE, and Lanxess AG, are focusing on developing advanced materials for the automobile sector. For example, Covestro AG has implemented high-tech materials like polycarbonate and polyurethane to reduce unwanted vibration and sound in vehicles.
Thus, the largescale adoption of lightweight vehicles and the development of new materials by the key players will boost the adoption of automotive NVH materials in the coming years.
Read More: https://www.psmarketresearch.com/market-analysis/automotive-nvh-materials-market
