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The global automotive NVH materials market was valued at US$ 12.3 Billion in 2022.
We expect the global automotive NVH materials market to exhibit a CAGR of 5% during 2023-2028
The rising adoption of automotive NVH materials in improving durability, enhancing fuel economy, and lowering cabin sounds in vehicles is primarily driving the global automotive NVH materials market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for automotive NVH materials.
Based on the product, the global automotive NVH materials market can be categorized into polyurethane, mixed textiles fibers, fiber glass, polyester fiber, NBR, polypropylene, PVC, textile materials (synthetic), and textile materials (cotton). Among these, polyurethane currently exhibits clear dominance in the market.
Based on the vehicle type, the global automotive NVH materials market has been segmented into passenger vehicles, LCV, and HCV. Currently, passenger vehicles hold the largest market share.
Based on the application, the global automotive NVH materials market can be bifurcated into trunk module, floor module, wheel arches, cockpit module, roof module, engine casing, and bonnet liners. Among these, cockpit module accounts for the majority of the total market share.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global automotive NVH materials market include BASF SE, The DOW Chemical Company, ExxonMobil, 3M Company, Mitsui Chemicals, Inc., Sumitomo Riko Company Limited, Covestro AG, Celanese Corporation, Huntsman Corporation, Lanxess AG, and Borgers AG.
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