Automotive NVH Materials Market www.vynzresearch.com
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Industry Overview  The automotive NVH materials market was valued at $7.7 billion in 2017 and is estimated to reach $12.6 billion by 2024. This market is also expected to observe a CAGR of 7.3% during the forecast period. The increasing market share is attributed towards extensive sales of automobiles and increasing demand for lightweight vehicles across the globe. NVH stands for noise, vibration and harshness and it comprises of a complete array of perceptions from hearing to feeling. The demand for automotive NVH materials is witnessing rampant growth as it is considered to be the most crucial part of product development.  Explore Full Report Description at: https:// www.vynzresearch.com/chemicals-materials/automotive-nvh-mat erials-market
market segmentation  On the basis of type, the automotiveNVHmaterials market is segmented into rubber, foam, metal sheet, cork, polyvinyl chloride, felt, and others. The other types are segmented into resins and fiberglass. Among all these segments, rubber has been holding largest revenue in the global automotive NVH materials market and is expected to contribute $4.4 billion by 2024. The market is witnessing swelling demand due to its various properties such as fluid resistance, high temperature stability and low cost of rubbers thereby making it popular as compared to several types of automotiveNVHmaterials. Moreover, the extensive demand for rubber is attributed towards their incomparable properties in automotive applications such as, noise insulation and vibration damping.
Geographic Overview  Geographically, Asia Pacific have been contributing largest revenue and is expected to generate $6.2 billion by 2024. The largest share of this market is accounted towards increasing usage of automotive NVH materials in the passenger’s vehicles particularly in countries such as India and China. Moreover, the growth of this market in this region is due to growth in automotive industry that is enhancing the demand for automotive NVH materials. Furthermore, it has been observed that in North America, the U.S. holds largest market for automotive NVH materials and this domination is anticipated to endure during the forecast period.
Competition among key players  Some of the major players operating in the global automotive NVH materials market are Exxon Mobil Corporation, Huntsman Corporation, Mitsui Chemicals Inc., Sumitomo Chemical Company Limited, Covestro AG, 3M Company, Lanxess AG, BASF SE, DowDuPont Inc., and Borgers SE & Co. KGaA.
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