Automotive Acoustic Material come in textiles, foams, and other materials. In the automobile business, these materials are frequently used to reduce noise levels and increase comfort and safety. Road noise is lessened by the acoustic materials’ soundproofing and sound-absorbing qualities. Numerous reputable automakers and OEMs are always developing these cost-effective and efficient materials to give their customers greater comfort. These actions should lead to future market expansion.
Automotive Acoustic Material Market size was valued at around USD 3.8 billion in 2022 and expected to grow at a CAGR of 6.52% during the forecast period.
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Market Dynamics:
- Increasing Demand for Luxury Vehicles
Automobile manufacturers have prioritized luxury and comfort as the demand for high-end automobiles has grown. Sustaining an appropriate sound level within reasonable limitations is the primary goal. There are noise limitations that the car’s acoustic system should take into consideration. Consequently, the market for automotive acoustic materials is expected to grow over the next years.
The market for automotive acoustic materials is expected to rise due to the development of luxury vehicles since these materials enhance interior design while mitigating noise, vibration, and harshness (NVH) in the cabin. The development of materials that are easy to install and completely fill interior areas in cars is likely to lead to a rise in demand for automotive acoustic materials. Government investment in public transportation is expected to drive up demand for vehicle acoustic materials.
- Government Regulations and Limitations on Noise
There are limitations on automobile noise and carbon dioxide emissions. It has been determined that vehicle noise is the main cause of environmental health problems. These sound control limitations have increased the focus on using acoustic devices to control noise. The market for car acoustic materials has grown as a result.
- Consumer Preference for Luxurious Cabins Is Growing, Driving Market Growth
These days, people are very particular about their cars’ interior comfort and safety. The increasing inclination of consumers towards luxury features such as electronics, sunroofs, massaging seats, ambient lighting, and so on has increased demand for passenger cars. However, the addition of these components has resulted in an increase in airborne and structural noise, which is increasing the need for acoustics engineering services in the automotive sector. The market is expanding significantly because there is a growing need for both virtual and in-person testing of infotainment systems, doors, and sunroofs on automobiles. For example, Hyundai Motor Group developed the world’s first lightweight Road Noise Active Noise Control (RANC) technology to enable noiseless driving. The technique actively controls the noise by producing sound waves that oppose the noise that is occurring.
- Release of Updated Safety and Comfort Features
The growing demand for high-end cars has made luxury and comfort a top priority for manufacturers. Ensuring that the vehicle sound is within permissible bounds is the main objective. The car acoustic system must get more attention as a result of these sound limitations. Consequently, the market for automotive acoustic material is expected to grow in the next years.
Market Opportunities:
The requirement for automakers and the building and construction industry to use acoustic materials in their products gives a big opportunity to drive the growth of the automotive acoustic materials market. Governmental organizations have tightened their guidelines for lowering noise pollution. Due to their increased environmental friendliness and quietness, electric cars are becoming more and more popular, which is driving up demand for automotive acoustic materials.
Market Restraint and Challenges:
Growing concerns regarding the misuse of environmentally friendly bio-based products rather than synthetic materials that can replace current acoustic materials are projected to restrain the market’s growth. The price volatility of raw materials is impeding the expansion of the automotive acoustic materials market.
The raw materials used in a car have a significant impact on how much each linked component costs. Similarly, fluctuations in the price of the raw materials needed to produce acoustic insulators might impede economic expansion.
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Competitive Analysis:
The automotive acoustic materials market report includes a list of the major players, including Tex Tech Industries, Huntsman International LLC, 3M, Covestro AG, BASF SE, Dow, DuPont, LyondellBasell Industries Holdings B.V., Henkel Adhesives Technologies India Private Limited, Sika AG, TORAY INDUSTRIES, INC., HARMAN International, ROCKWOOL International A/S, Thomas Publishing Company, FABRI-TECH COMPONENTS, Inc., Sumitomo Riko Company Limited., UFP Technologies, Inc., Johns Manville, and NIHON TOKUSHU TORYO CO.,LTD. Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America each have their own market share data accessible. competition strengths are recognized by DBMR analysts, who offer competitive analysis tailored to each individual competition.
