Market Overview:
The global automobile acoustic materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for luxury and premium cars, which require better sound insulation and noise reduction technologies. In addition, the increasing focus on fuel efficiency and reducing emissions is also driving the demand for acoustic materials in automobiles. The global automotive acoustic materials market is segmented by type into ABS, glass fiber, PP, PU, and others. The ABS segment is expected to hold the largest share of the market during the forecast period owing to its superior properties such as impact resistance and heat resistance.
Product Definition:
Automobile acoustic materials are used to absorb or deflect sound waves in order to reduce noise levels inside a vehicle. They are typically made of foam, fiberglass, or other porous materials and can be found in door panels, headliners, and other areas of the interior. Acoustic materials are important for reducing noise levels in vehicles as they can improve driver comfort and safety.
ABS:
ABS, Acrylonitrile Butadiene Styrene, is a polymer with high heat and chemical resistance. It is used in various automotive components such as engine blocks, drive shafts and gearboxes to reduce the noise generated from them. ABS also provides impact strength to vehicle parts which makes it suitable for usage in car bumpers as well.
The global ABS market size was valued at USD 3.8 billion in 2015.
Glass Fiber:
Glass fiber is also known as Fiberglass and is a type of artificial or synthetic fiber. It has superior properties such as lightweight, high tensile strength, high thermal stability, resistance to chemicals & solvents and ability to sustain a wide range of temperatures making it ideal for use in automotive acoustic materials.
Acoustic Materials are used in the automobile industry primarily for soundproofing passenger cars and commercial vehicles (SUVs & trucks).
Application Insights:
The passenger car segment led the global automotive acoustic materials market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to rising sales of passenger cars in developing countries, such as China, India and Brazil. In addition, stringent government regulations on reducing noise levels inside vehicles will boost product demand in this segment further.
Commercial vehicle application was estimated to be worth USD 1,250 million in 2017 owing to increasing utilization of commercial vehicles for logistics services across various industries including food & beverage and healthcare among others which require heavy trucks with high durability for transportation purposes. These factors are expected to drive the demand for commercial vehicles globally thereby propelling market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. This is attributed to increasing sales and production of passenger cars and commercial vehicles in this region. The presence of key automotive manufacturers such as Toyota, Honda, Suzuki, Tata Motors along with other Asian countries such as China and India are expected to boost the demand for these materials over the forecast period.
The European region accounted for a significant share owing to high demand from major application sectors including passenger cars and commercial vehicles. Stringent government regulations regarding vehicle emissions coupled with growing consumer awareness about vehicle safety is likely to drive regional growth over the forecast period. North America also has a prominent position due to increased emphasis on fuel economy by regulatory agencies like EPA (Environmental Protection Agency) which has resulted into increased adoption of lightweight materials like glass fiber reinforced plastics (GFRP).
Growth Factors:
- Increasing demand for luxury and premium cars
- Rising disposable income of consumers in developing countries
- Stringent emission norms by regulatory authorities across the globe
- Proliferation of electric and hybrid vehicles
- Growing popularity of audio systems in automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Acoustic Materials Market Research Report
By Type
ABS, Glass Fiber, PP, PU
By Application
Passenger Car, Commercial Vehicle
By Companies
BASF, Dow, 3M, COVESTRO, HUNTSMAN, HENKEL, TORAY INDUSTRIES, LYONDELLBASELL, SIKA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Acoustic Materials Market Report Segments:
The global Automobile Acoustic Materials market is segmented on the basis of:
Types
ABS, Glass Fiber, PP, PU
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Dow
- 3M
- COVESTRO
- HUNTSMAN
- HENKEL
- TORAY INDUSTRIES
- LYONDELLBASELL
- SIKA
Highlights of The Automobile Acoustic Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ABS
- Glass Fiber
- PP
- PU
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Acoustic Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automobile acoustic materials are a type of soundproofing material used in automobiles. They are typically made from a variety of materials, including foam, fiberglass, and plastic. Automobile acoustic materials help to reduce noise levels inside the car by absorbing sound waves.
Some of the key players operating in the automobile acoustic materials market are BASF, Dow, 3M, COVESTRO, HUNTSMAN, HENKEL, TORAY INDUSTRIES, LYONDELLBASELL, SIKA.
The automobile acoustic materials market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Acoustic Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automobile Acoustic Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Acoustic Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automobile Acoustic Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automobile Acoustic Materials Market Size & Forecast, 2018-2028
4.5.1 Automobile Acoustic Materials Market Size and Y-o-Y Growth
4.5.2 Automobile Acoustic Materials Market Absolute $ Opportunity
Chapter 5 Global Automobile Acoustic Materials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automobile Acoustic Materials Market Size Forecast by Type
5.2.1 ABS
5.2.2 Glass Fiber
5.2.3 PP
5.2.4 PU
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automobile Acoustic Materials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automobile Acoustic Materials Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Acoustic Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automobile Acoustic Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automobile Acoustic Materials Analysis and Forecast
9.1 Introduction
9.2 North America Automobile Acoustic Materials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automobile Acoustic Materials Market Size Forecast by Type
9.6.1 ABS
9.6.2 Glass Fiber
9.6.3 PP
9.6.4 PU
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automobile Acoustic Materials Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automobile Acoustic Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Automobile Acoustic Materials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automobile Acoustic Materials Market Size Forecast by Type
10.6.1 ABS
10.6.2 Glass Fiber
10.6.3 PP
10.6.4 PU
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automobile Acoustic Materials Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automobile Acoustic Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automobile Acoustic Materials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automobile Acoustic Materials Market Size Forecast by Type
11.6.1 ABS
11.6.2 Glass Fiber
11.6.3 PP
11.6.4 PU
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automobile Acoustic Materials Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automobile Acoustic Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Automobile Acoustic Materials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automobile Acoustic Materials Market Size Forecast by Type
12.6.1 ABS
12.6.2 Glass Fiber
12.6.3 PP
12.6.4 PU
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automobile Acoustic Materials Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automobile Acoustic Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automobile Acoustic Materials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automobile Acoustic Materials Market Size Forecast by Type
13.6.1 ABS
13.6.2 Glass Fiber
13.6.3 PP
13.6.4 PU
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automobile Acoustic Materials Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automobile Acoustic Materials Market: Competitive Dashboard
14.2 Global Automobile Acoustic Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Dow
14.3.3 3M
14.3.4 COVESTRO
14.3.5 HUNTSMAN
14.3.6 HENKEL
14.3.7 TORAY INDUSTRIES
14.3.8 LYONDELLBASELL
14.3.9 SIKA
