Automotive NVH Materials Market Estimated huge growth at a CAGR of 6.0% by 2021

Global Automotive NVH Materials Market is projected to reach USD 13.52 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021.  The growing demand for automotive NVH materials in Asia-Pacific, Europe, and North America, coupled with the increasing demand from the automotive industry and the stringent governmental regulations for quieter & safer vehicles, is expected to drive the automotive NVH materials market.

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Rubbers are the most extensively used type of automotive NVH materials. The rubbers segment consists of nitrile butadiene rubber (NBR), ethylene propylene diene monomer (EPDM), and other rubbers. The wide use of rubbers as automotive NVH materials is owing to their exceptional properties, such as vibration damping and noise insulation in automotive applications. High temperature stability, fluid resistance, and low cost make rubbers the most preferred type of automotive NVH materials.

Asia-Pacific is the largest market for automotive NVH materials, in terms of value, and is expected to lead the global Automotive NVH Materials Market during the forecast period. Countries in this region, such as China and India, are witnessing a significant increase in the use of automotive NVH materials in the passenger vehicles segment. The market’s growth in this region can be attributed to the increasing automotive industry, which is driving the demand for automotive NVH materials. In North America, the U.S. is the largest market for automotive NVH materials and this dominance is projected to continue during the forecast period.

Companies such as BASF SE (Germany), Huntsman Corporation (U.S.), 3M Company (U.S.), ExxonMobil Corporation (U.S.), The Dow Chemical Company (U.S.), and Sumitomo Riko Company Limited (Japan) are the leading players in the automotive NVH materials market.

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