Market Share of Automotive Acoustic Material Industry
The competition in the market is increasing as the companies are making new strategic partnerships, investing majorly in R&D projects, and launching new products in the market to be ahead of their rivals. For instance:
- In March 2021, Teijin Limited announced that its polyester three-dimensional molded sound-absorbing material had been adopted for Toyota Motor Corporation's fuel cell vehicle (FCV) "Mirai." It will be used as a material to reduce noise when hydrogen and air chemically react in the FC stack, and the generated water is discharged from the FC stack or drain pipe outside the vehicle.
Automotive Acoustic Material Market Leaders
-
Dow Chemicals
-
3M Acoustics
-
BASF SE
-
Covestro
-
Henkel Adhesive Technologies
*Disclaimer: Major Players sorted in no particular order
