Automotive NVH (noise vibration and harshness) Materials
are materials made for the sole purpose of reducing noise in automobiles. Automotive NVH material market highly depends upon the economic status and rules and regulations of the country. The automotive NVH market is majorly used in high end vehicles to improve comfort. Increased usage of automotive vehicles and improving economy are the key driver for the growth of automotive NVH materials market.
The automotive NVH materials market
has been analyzed with respect to different parameters such as demand, supply, end-users and providers of automotive NVH materials. The report describes global automotive NVH materials market segmented on the basis of source, vehicle type and products. Based on material type automotive NVH materials are majorly categorized into rubber, thermoplastics and engineered resins. On the basis of vehicle type, market is divided into heavy vehicles, commercial vehicles and passenger vehicles. The passenger vehicle segment is estimated to account for the largest share of automotive NVH market. Based on products report is categorized into lubricant, damping steel, polyurethane foam, PVS and others.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. Asia pacific is the largest market followed by Americas in terms of revenue. Based on historical trends and our analysis this market is projected to witness a low to moderate growth in the next five years.
Automotive NVH materials market in 2015 was dominated by five major companies namely:
- 3M Co. (U.S.)
- Henkel AG & Co KGaA (Germany)
- BASF SE (Germany)
- The DOW Chemical Co (U.S.)
- ExxonMobil Chemical Company (U.S.)
The market is fairly consolidated with big companies holding large portions of the market revenue.
These companies also have significant presence in the automotive NVH materials market with good brand image:
- Mitsui Chemicals Inc. (Japan)
- Celanese Corporation (U.S.)
- Hunstman Corp (U.S.)
- Borgers AG (German)
- Covestro (Germany)