The Business Research Company’s Automotive Acoustic Materials Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Acoustic Materials Global Market Report 2023 evaluates automotive acoustic materials market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global automotive acoustic materials market size grew from $3.24 billion in 2022 to $3.5 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive acoustic materials market size is expected to grow to $4.71 billion in 2027 at a CAGR of 7.7%.
The automotive acoustic materials market segments in the report are:
1) By Material Type: Acrylonitrile Butadiene Styrene (ABS), Fiberglass, Polyvinyl Chloride (PVC), Polyurethane (PU) Foam, Polypropylene, Textiles
2) By Component: Arch Liner, Dash, Fender and Floor Insulator, Door, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray, Other Components
3) By Vehicle Type: Passenger Cars, LCV, HCV
4) By Application: Underbody and Engine Bay Acoustics, Interior Cabin Acoustics, Exterior Acoustics, Trunk Panel Acoustics
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The table of contents in TBRC’s automotive acoustic materials market report includes:
1. Executive Summary
2. Automotive Acoustic Materials Market Characteristics
3. Automotive Acoustic Materials Market Trends And Strategies
4. Automotive Acoustic Materials Market - Macro Economic Scenario
5. Automotive Acoustic Materials Market Size And Growth
.....
26. Africa Automotive Acoustic Materials Market
27. Automotive Acoustic Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Acoustic Materials Market
29. Automotive Acoustic Materials Market Future Outlook and Potential Analysis
30. Appendix
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The global Automotive Acoustic Materials Market is estimated to reach USD 3.20 Billion by 2026, according to a new report by Reports and Data.
Acoustic materials reduce the strength of the mechanical waves, including sound, ultrasound, vibration, and infrasound in several mediums such as liquid, gas, and solid.
In automobiles, the bonnet liners, powertrain, and engine encapsulation are made up of acoustic materials to absorb the engine bay noise.
Thus a rise in the number of passenger cars is anticipated to drive the growth of the market.
Automotive Acoustic Materials Market Segmentation & Impact Analysis4.1.
Changing prices of raw material4.3.
Automotive acoustic materials Market is expected to reach 3.87 Billion by 2026 from 2 Billion in 2016 at CAGR of 6.85% (Detailed analysis of the market CAGR is provided in the report).Automotive Acoustic Materials market is segmented by material type, component, vehicle type, electric vehicle type, application, and geography.
This growth is attributed to increasing in the demand of the premium passenger vehicles across the world.
Increasing manufacturing and sales of vehicles in countries such as China and India will fuel the automotive acoustic materials market in the APAC region.Key Highlights:• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for this market during the forecast period• Complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain• Automotive acoustic materials market analysis and comprehensive segmentation with respect to the material type, component, vehicle type, electric vehicle type, application, and geography to assist in strategic business planning• Automotive acoustic materials market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regionsYears that have been considered for the study are as follows:• Base Year - 2016• Estimated Year - 2017• Forecast Period - 2017 to 2026For company profiles, 2016 has been considered as the base year.
In cases, wherein information was unavailable for the base year, the years prior to it have been consideredResearch MethodologyResearch methodology used in this report contains various secondary sources including directories such as Plastics Industry Association (US), European Automobile Manufacturers Association (ACEA), Canada Automobile Association (CAA), Organization Internationale des Constructeurs d’Automobiles (OICA), European Disposables and Nonwovens Association (EDANA), European Acoustics Association (EAA) and Japan Plastics Industry Federation (JPIF).
Top-down and bottom-up approaches have been used to estimate the global and regional size of this market.
Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the automotive acoustic materials market globally.
