Dec 18, 2017   SOURCE: BusinessWire

Acoustic Materials Market by Type, Component, ICE & EV, and Region - Forecast to 2022 - Research and Markets

The "Acoustic Materials Market by Type, Component, ICE & EV, and Region - Forecast to 2022" report has been added to Research and Markets' offering.

The acoustic materials market is projected to grow at a CAGR of 6.99% during the forecast period, to reach a market size of USD 2.93 billion by 2022 from USD 2.09 billion in 2017.

Increasing focus towards interior cabin comfort, global rise in vehicle production, increasing premium vehicle sales, and continuous upgradations in noise regulations by the regional authorities such as European Union (EU), and the National Highway Traffic Safety Administration (NHTSA) for ICE and electric vehicles are the key drivers for this market. Fluctuating raw material price and the recycling of acoustic materials are few of the challenges for this market.

The textiles segment is estimated to be the fastest growing automotive acoustic material segment during the forecast period. Textiles offer advantages such as reduced weight, better sound absorption, and improved aesthetic features compared with conventional materials. According to European Disposables and Nonwovens Association (EDANA), the nonwoven textiles find multiple automobile applications that include interiors (54%), exteriors (19%), filtration (12%) and battery parts (5%). The demand is expected to grow in future owing to its advantages and further drive the textiles market.

The hybrid vehicle is estimated to dominate the acoustic materials market for electric vehicles during the forecast period. The demand of acoustic materials is directly influenced by the hybrid vehicle sales. According to this analysis, out of the total electric vehicle sales in 2016, the hybrid vehicles contributed around 71.8%. in 2016, the Asia Oceania region had the highest demand of hybrid vehicles, which stood at approximately 67.9%. Also, considering these vehicles are expensive than the ICE vehicles, the demand of interior comfort would remain high, which will consequently fuel the demand of acoustic materials for HEVs.

Companies Mentioned

  • 3M
  • BASF
  • Covestro
  • DOW Chemical
  • Dupont
  • Henkel
  • Huntsman
  • Lyondellbasell
  • Sika
  • Toray Industries

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Acoustic Materials Market, By Application, Vehicle Type & Region

7 Acoustic Materials Market, By Components & Region

8 Acoustic Materials Market for Electric Vehicles, By Material Type, Application & Region

9 Acoustic Materials Market, By Material Type, Region, Vehicle Type & Country

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/dxpgg5/acoustic