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Global Automotive NVH Materials Market - Projected at $11.6 Billion by 2020, Registering a CAGR of 5.4% Between 2015 and 2020


News provided by

Research and Markets

20 Jan, 2016, 11:10 GMT

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Research and Markets Logo. (PRNewsFoto/PR NEWSWIRE EUROPE)

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. 

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769)

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. 

Companies Mentioned: 

  • 3M Co.
  • BASF SE
  • Borgers AG
  • Celanese Corporation
  • Covestro
  • Exxonmobil Chemical Company
  • Huntsman Corporation
  • Lanxess AG
  • Mitsui Chemicals Inc.
  • The DOW Chemical Co.

Key Topics Covered: 

1 Introduction 

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

About Research and Markets:    

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact
Laura Wood
+353-1-481-1716
press@researchandmarkets.net

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