Nvh Materials Market Major Developments and Leading Players Analysis with Industry Segments

 

NVH stands for noise, vibration, and harshness, and NVH materials are used to reduce these factors in various industries, including automotive, aerospace, construction, and others. These materials are designed to absorb or dampen noise and vibrations, making products quieter and more comfortable for users. The global NVH materials market is expected to grow at a CAGR of 6.3% from 2021 to 2028, reaching a market size of USD 14.2 billion by 2028.

Some of the key factors driving the growth of the NVH materials market include the increasing demand for lightweight materials, rising awareness about noise pollution, and stringent government regulations on noise pollution. The automotive industry is the largest end-use industry for NVH materials, accounting for over 50% of the market share.

The NVH materials market is segmented based on material type, application, end-use industry, and geography. Based on material type, the market is segmented into rubber, foam, metal, and others. Foam is the most widely used material type, owing to its high damping properties and low weight. Based on application, the market is segmented into absorbers, barriers, and dampers. Absorbers are the most widely used application, owing to their ability to absorb and dissipate sound waves. Based on end-use industry, the market is segmented into automotive, aerospace, construction, and others. The automotive industry is the largest end-use industry, owing to the increasing demand for comfortable and quiet vehicles.

Geographically, the NVH materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for NVH materials, owing to the increasing demand for automobiles and other products in the region.

Some of the key players operating in the NVH materials market include BASF SE, 3M Company, Huntsman Corporation, DowDuPont Inc., Henkel AG & Co. KGaA, ExxonMobil Corporation, Covestro AG, Sika AG, and Nitto Denko Corporation.

In summary, the NVH materials market is expected to grow at a significant rate in the coming years, driven by the increasing demand for comfortable and quiet products, the rising awareness about noise pollution, and stringent government regulations on noise pollution. The automotive industry is the largest end-use industry for NVH materials, and foam is the most widely used material type for NVH applications.

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