DUBLIN, January 20, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/c2j7sb/automotive_nvh) has announced the addition of the "Automotive NVH Materials Market - Global Forecast to 2020" report to their offering.
The global Automotive NVH (Noise Vibration Harshness) materials market size is projected to reach USD 11.6 Billion by 2020, growing at a CAGR of 5.4% between 2015 and 2020. The increased necessity to reduce noise and vibration from vehicles and governments' regulations to make quieter & safer vehicle are key factors driving the growth of the global automotive NVH materials market.
The car segment is the largest end use consumer of automotive NVH materials and accounted for the major share of the market, in terms of value, in 2014. The demand for automotive NVH materials is directly proportional to the demand of cars. HCV are the fastest growing vehicle type for the forecast period 2015-2020. This growth is mainly due to the fact that these vehicle types are mostly involved in transportation aspect of infrastructure activities. The upcoming infrastructure projects around the globe are paving way for the growth of HCV.
Currently, Asia-Pacific is the largest market for automotive NVH materials, accounting for more than half of the global market size, by value and volume, in 2014. Among all the countries, China dominated the automotive NVH materials market in 2014, closely followed by the U.S. India is the fastest-growing market in the world and is expected to surpass South Korea and Japan in the automotive NVH materials market in the future.
Along with the rising demand of automotive NVH materials in the Asia-Pacific region, international automotive NVH materials manufacturing companies find it reasonable to manufacture NVH materials in the Asia-Pacific region than in other regions due to the lower manufacturing cost, and availability of skilled work force.
- 3M Co.
- BASF SE
- Borgers AG
- Celanese Corporation
- Exxonmobil Chemical Company
- Huntsman Corporation
- Lanxess AG
- Mitsui Chemicals Inc.
- The DOW Chemical Co.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive NVH Material Market, By Application
8 Automotive NVH Material Market, By Type
9 Automotive NVH Material Market, By Vehicle Type
10 Automotive NVH Material Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/c2j7sb/automotive_nvh
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SOURCE Research and Markets