Automotive Acoustic Materials Market Predictions Exhibit Massive Growth by 2025
The Automotive Acoustic Materials Market is
estimated to grow at a CAGR of 6.99% during the forecast period, to reach a
market size of USD 2.93 billion by 2022.The rising demand for interior cabin
comfort features, stringent vehicle noise regulations, growing vehicle
production, and increasing premium vehicle sales have resulted in the growth of
the acoustic materials market.
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The acoustic
materials are derived from natural fibers such as felt fibers, coir fibers, and
bio-based polyurethane. These fibers are derived from natural sources such as sugarcane,
soya, cotton, and jute. These nonconventional acoustic materials are eco-friendly,
economical, and recyclable. Owing to these advantages, the naturally
derived acoustic materials are expected to be
preferred over conventional acoustic materials. A few of the material
suppliers such as CTA Acoustics (US) and Borgers (Germany) offer natural acoustic
materials. Also, Autoneum (Switzerland)
has introduced an engine cover containing around 70% of the recycled fiber
materials that can withstand the high
temperature of up to 200°C along with better tensile strength and acoustic
properties. These natural acoustic materials provide the same level of acoustical performance along with
environmental and economic benefits. Hence,
it has immense opportunity to gain the market in the coming years.
With the increase in focus toward stringent
emission regulations, the market for electric vehicles is
projected to grow at a significant rate over the period of the next 5 years,
and hence, electric & hybrid vehicles would be a potential market for
acoustic materials in the coming years. As per the International
Energy Agency (IEA), the global BEV and PHEV sales increased to 753.2 thousand
units in 2016 from 47.6 thousand units in 2011, at a CAGR of 73.74% over the past 5
years. Considering the high cost of these vehicles, the passenger would look
for better cabin comfort, which would attract the demand for premium acoustic
materials. Considering this potential growth, acoustic
material suppliers can target the material segment for electric & hybrid
vehicles.
The bonnet liner, a component, which
belongs to the under hood & engine
bay application, is projected to grow at
the fastest rate under the review period. Bonnet liner is one of the component that remains close to the engine bay
part: should be able to deal with high temperature without increasing the
weight. According to
ECE R118 regulations of United Nations Economic Commission for Europe (UNECE),
the insulation material used in the under hood & engine bay application
must have nonflammability certification. So, to satisfy the desired results,
the proper selection of material is also important. According to the International Institute of Acoustics and Vibration” (IIAV) study
published in 2016, the weight of passenger car bonnet liner made up of
polyurethane is 0.6 kg, as compared to the weight of
same hood liner made up of felt material is 1.0 kg. So, it is not only light
weight, but also offers
thermal and noise absorption. Hence, considering the criticality of the
application, the acoustic component manufacturer would focus to produce this
component by using advanced acoustic materials.
Key Questions addressed by the report
- What are the acoustic materials that are expected to have
increased demand over the next 5 years?
- What are the different NVH regulations that would affect the
acoustic materials market over the next 5 years?
- What would be the trend for acoustic materials over the next 5
years?
- What is the share of major players in the automotive acoustic
materials market?
- Which component and application is expected to witness the
fastest growth over the next 5 years?
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