How big is the Automotive Acoustic Material Market?

The Automotive Acoustic Material Market size is expected to reach USD 5.13 billion in 2024 and grow at a CAGR of 4.09% to reach USD 6.28 billion by 2029. Read More

What is the current Automotive Acoustic Material Market size?

In 2024, the Automotive Acoustic Material Market size is expected to reach USD 5.13 billion. Read More

Who are the key players in Automotive Acoustic Material Market?

Dow Chemicals, 3M Acoustics, BASF SE, Covestro and Henkel Adhesive Technologies are the major companies operating in the Automotive Acoustic Material Market. Read More

Which is the fastest growing region in Automotive Acoustic Material Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Acoustic Material Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Acoustic Material Market. Read More

What years does this Automotive Acoustic Material Market cover, and what was the market size in 2023?

In 2023, the Automotive Acoustic Material Market size was estimated at USD 4.93 billion. The report covers the Automotive Acoustic Material Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Acoustic Material Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Acoustic Material Market Share

Statistics for the 2023 & 2024 Automotive Acoustic Material market share, created by Mordor Intelligence™ Industry Reports. Automotive Acoustic Material share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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.