What is Automotive Acoustic Insulation Materials Market Scope?
According to the U.S. Department of Commerce the United States has been found to be one of the largest automotive markets in the world. In 2018, U.S. light-vehicle sales had reached up to USD 17.2 million units and during the fourth straight years, the sales have reached or crossed USD 17 million units approximately. Overall, the United States is said to be the world’s second-largest market for the sales of vehicles and their production. In practice, there are usually three methods for improving the automobile vibrations and the sources of reducing automotive noises. The very first thing to do is to improve the design mechanism of the vehicle thereafter the resonance design should be minimized so as to control the noise inside the automobile. Secondly, the adoption of the sealing technology for the interior spaces so as to improve the body and airtightness effectively. Further to evade the exterior noises from entering into the vehicle the body gaps are filled which can cause discomfort to the driver and people in it. Also, there are other acoustic materials that can help in reducing the penetration of sounds inside and out of the automobile. These materials are the sound insulating materials that absorb the sound inside and outside the automotive vehicle.
Influencing Trend:
With the growing trend of adoption of more electricity-based vehicles because of rising environment-related issues have given a purpose to the manufacturers for providing an efficient as well as a lightweight vehicle and hence providing the vehicles with lightweight acoustic insulating materials according to the type of vehicles such as passenger car, LCV, and HCV.
Market Growth Drivers:
The rapid growth of the automobile sector in North America is driving the market demand for the acoustic insulation material market. For instance, the American Automotive Policy Council, the automotive industry has the largest manufacturing sectors in the United States. The National Automobile Dealers Association have also highlighted in their 2018 review that the new-vehicle sales had breached USD1 trillion approximately.
Challenges:
The raw materials used in an automotive plays a very important role in the price-setting process of any component associated with it. Similarly, the fluctuating costs of the raw materials for the making of the acoustic insulators can cause a hindrance to market growth.
Restraints:
Severe regulations pertaining to the vehicle noise set by the government
Opportunities:
The Growing Investments on Research and Developments in the Automotive Industry
The Automotive Acoustic Insulation Materials market study is being classified by Type (Butyl rubber, Viscoelastic Acrylic Polymer, MLV (Mass loaded vinyl), Polyester, Bitumen and Foam), by Application and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of North America Automotive Acoustic Insulation Materials market throughout the predicted period.
Armacell LLC (Luxembourg), UFP Technologies, Inc. (United States), Johns Manville Inc. (United States), Owens Corning (United States), Acoustic & Insulation Techniques (Spain), Acoustical Surfaces, Inc. (United States), Auria Solutions (United States), Fabricating Services, Inc. (United States), Highland Plastics Inc. (United States), Kingspan Group (Ireland), BASF SE (Germany), Lydall, Inc (United States), Autoneum (Switzerland), 3M Car Care (3M) (United States) and Adler Pelzer Holding GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sumitomo Riko Company Limited (Japan), Standartplast Canada(STP) (Canada), Empire Acoustical Systems (United States), Tuopu Group (China) and Silencom (Canada).
Segmentation Analysis
Analyst at AMA have segmented the market study of North America Automotive Acoustic Insulation Materials market by Type, Application and Region.
On the basis of geography, the market of Automotive Acoustic Insulation Materials has been segmented into North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In December 2021, UFP Technologies, Inc. acquired DAS Medical, Inc., an innovative designer and custom manufacturer of components, sub-assemblies, products, and packaging primarily for the medical market. DAS is a medical device contract manufacturer specializing in the design, development, and production of disposable surgical equipment covers, robotic draping systems, and fluid control pouches.
In January 2020, Owens Corning, the inventor and global producer of fiberglass insulation, introduced a new generation of insulation products made with PureFiber Technology. Owens Corning (OC) develops, manufactures, and markets insulation, roofing, and fiberglass composites. OC is included in the Dow Jones Sustainability World Index. A Fortune 500 company for 65 consecutive years.
The Noise Control Act of 1972 establishes a national policy to promote an environment for all Americans free from noise that jeopardizes their health and welfare. The Act also serves to establish a means for effective coordination of Federal research and activities in noise control; authorize the establishment of Federal noise emission standards for products distributed in commerce, and provide information to the public respecting the noise emission and noise reduction characteristics of such products.
Key Target Audience
Manufacturers of Acoustic Insulation Material, Suppliers of Acoustic Insulation Material, Automobile Industry, Textile Industry, Regulatory Bodies and Governmental Bodies
Automotive Acoustic Insulation Materials Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Acoustic Insulation Materials Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Acoustic Insulation Materials industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.