Automotive NVH Materials Market Size

  • Report ID: 4495
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Automotive NVH Materials Market Size

Automotive NVH Materials Market size was valued at USD 12.3 billion in 2024 and is set to reach USD 24.58 billion by the end of 2037, expanding at around 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive NVH materials is assessed at USD 12.84 billion. The growth of the market can be attributed to the rapid growth in the automotive industry worldwide. For instance, the global automotive industry is expected to reach approximately USD 9 trillion by 2030. Further, the significantly rising production and use of heavy commercial vehicles is another key factor that is anticipated to fuel the market growth during the projected time frame.

In addition to these, factors that are believed to fuel the market growth of automotive NVH materials include the rising demand for these materials on the back of their outstanding properties including lightweight and comprising exceptional diesel, water, and oil resistance. Besides this, the increasing demand for hybrid and fuel-efficient vehicles is another major factor to drive the market expansion over the forecast period. For instance, approximately 280,500 hybrid and plug-in hybrid electric vehicles were sold in the United States between April and June 2022. Noise, vibration, and harshness in automobiles, especially in light vehicles, caused by structure-borne and air-borne noises, can be uncomfortable for passengers and reduce vehicle durability. Thus, the use of NVH reduction materials in vehicles assists in the elimination of such noises and the enhancement of ride quality. Moreover, with rapid urbanization, the demand for vehicles has increased considerably, which is also projected to boost the market growth over the projected time frame.


Automotive-NVH-Materials-Market
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Author Credits:  Rajrani Baghel


  • Report ID: 4495
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive NVH materials is assessed at USD 12.84 billion.

The automotive NVH materials market size was valued at USD 12.3 billion in 2024 and is set to reach USD 24.58 billion by the end of 2037, expanding at around 5.6% CAGR during the forecast period i.e., between 2025-2037. Growth in production of heavy vehicles, increased demand and production of vehicles, and high manufacturing rate of sports cars will boost the market growth.

Asia Pacific industry is poised to dominate majority revenue share by 2037, owing to increased production and sales of automobiles, owing to high demand for vehicles in the region.

The major players in the market include The Dow Chemical Company, Covestro AG, Sumitomo Riko Company Limited, Henkel AG & Co. KGaA, Celanese Corporation, Exxon Mobil Corporation, 3M, NVH KOREA INC., Huntsman International LLC, Solvay SA.
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