Global Automotive Acoustic Materials Market share is expected to grow significantly on account of rising sales of premium, luxury, and sports vehicles. Moreover, the presence of multiple automotive players including Volkswagen, Audi, Skoda, BMW, and Fiat among others offering a wide range of premium vehicles further accentuates the market demand. For instance, Bosch launched its innovative automotive acoustic material for vehicles, that operate using microphones and algorithms to cancel out sound.
OEM’s are continuously investing in R&D to develop cost-effective nanofoam materials that are highly efficient in absorbing noise levels. The composite materials are capable of absorbing low frequency sound levels that may affect the human health considerably. For instance, in June 2018, Russian and Korean scientists developed an innovative nanofoam that reduces the level of noise transmission up to 22 dB. The usage of such new nanofoams in the vehicles will further escalate the automotive acoustic materials market size.
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Based on materials, the automotive acoustic materials market share is segmented into polyvinyl chloride (PVC), polyurethane, fibreglass, acoustic backscatter, and polypropylene. Polyurethane will showcase a considerable growth owing to the benefits offered by these materials including lower weight, enhanced aesthetics and superior sound absorbing properties. Industry participants are developing several polyurethane products that can be manufactured in a single step process. For instance, in March 2015, BASF announced that company developed polyurethane integral foam that enable vehicle manufacturer to produce lightweight engine covering in single process.
Based on component, the automotive acoustic materials market size is segmented into floor insulator, bonnet liner, parcel tray, trunk trim, engine cover, engine encapsulation, door trim, headliner, and wheel arch liner. Bonnet liner will account for a significant share over the forecast timeframe on account of the requirement for absorbing the noise and vibrations emitted from the vehicle engine. The sound deadening properties of the material along with the availability of a diversified liner sizes further expands the segment share.
The automotive acoustic materials market size based on application is segmented into interior, exterior, under hood & engine bay, and trunk panel. The interior segment is expected to grow significantly owing to the requirement for offering premium and comfortable driving experience to passengers and drivers. The materials are also used for covering a wide range of interior applications including inner dash, headliners, dashboard, and floor insulators. Industry players are continuously developing acoustic materials that are suitable for multiple vehicle components.
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Based on vehicle the automotive acoustic materials market is segmented into PCV, LCV, and HCV. Passenger vehicles is expected to hold significant share owing to increasing vehicle sales across the globe. Moreover, automobile OEMs are focussing on launching a wide range of vehicles across diversified price range and different platforms including hatchbacks, sedans, SUVs, MPVs, and crossovers. Moreover, automobile manufacturers are incorporating innovative sound dampening technologies in their vehicles for enhancing customer experience. For instance, Ford offers its Endeavour SUV with active noise cancellation technology.
Automotive Acoustic Materials Market size is predicted to witness high CAGR from 2019 to 2025 impelled by improved noise control and significant reduction in noise, vibrations, and harshness levels. The availability of wide range of acoustic materials along with focus on improving damping capabilities are expected to significantly boost the industry share. The lower weight coupled with improved aesthetics and design flexibility are positively influencing the automotive acoustic materials market size.
Industry participants are using a combination of innovative thermal insulating and acoustic layers with integrated aluminum elements to optimize the vehicle NVH characteristics. The usage of low weight reinforced thermoplastics (LWRT) enable automobile manufacturers to reduce the ambient noise significantly. Additionally, the incorporation of these materials in the car floor body protects the underbody from stone chipping and corrosion.
The prominent players in the automotive acoustic materials market share include BASF SE, DOW Chemicals, 3M, Covestro, LyondellBasell, Huntsman International LLC, Sika AG and Henkel. The other players include Toray Industries, E. I. du Pont de Nemours and Company, Harman International Industries, Inc., Rockwool international, Tex Tech Industries, Fabri-Tech components, Thomas net and Saint-Gobain Ecophon AB.
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