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Automotive Acoustic Material Market Size (2024 - 2029)

The automotive acoustic material market is experiencing a transformation driven by evolving vehicle interior trends and the increasing importance of passenger comfort. Despite challenges such as economic slowdowns, import taxes, and the lingering effects of the COVID-19 pandemic, the market is poised for growth. The demand for sports and luxury vehicles, along with the rising popularity of modified antique cars, is expected to expand the market's scope. Additionally, the shift towards electric vehicles, fueled by environmental concerns, is anticipated to further propel the market.

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Market Size of Automotive Acoustic Material Industry

Automotive Acoustic Material Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 5.13 Billion
Market Size (2029) USD 6.28 Billion
CAGR (2024 - 2029) 4.09 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Automotive Acoustic Material Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Acoustic Material Market Analysis

The Automotive Acoustic Material Market size is estimated at USD 5.13 billion in 2024, and is expected to reach USD 6.28 billion by 2029, growing at a CAGR of 4.09% during the forecast period (2024-2029).

Following early supply and production interruptions as a result of the COVID-19 pandemic, the auto industry is undergoing a demand shock, with an unknown recovery period. Some OEMs have poor liquidity revenues due to a lack of room to minimize fixed expenses. Decreases in power due to a significant period of time of lacking in market capitalization and consolidation and without acquiring fresh investment, some players may risk going out of business.

Vehicle interiors are changing as a result of trends like customization and autonomous driving, in which the driver is increasingly becoming a passenger. Industry players are hard at work developing designs for car interiors that include a number of innovative features.

Car acoustics is slowly gaining popularity as a quality factor in current automobiles, and automakers are expressing a lot of interest in it. Passenger comfort has risen to the top of the priority list when it comes to selling a car. Components must occupy as little space as possible while providing optimal comfort. As a result, continuous progress is being made in this area.

Since they are used in numerous components such as the engine cover, dash insulator, and other components that are regularly vibrated when the car is driving, the aftermarket for automotive acoustic materials is expected to expand. The ever-increasing demand for sports and luxury vehicles and the growing popularity of modified antique cars may open up a large market for automotive acoustic materials.

The slowing economy, combined with taxes on importing acoustic materials and other items, and the COVID-19 pandemic are projected to hinder the market's expansion. On the other hand, price fluctuations in acoustic materials and the increased demand for electric vehicles due to environmental concerns are expected to drive the industry.

Automotive Acoustic Material Industry Segmentation

The automotive acoustic material market is segmented by material, vehicle type, application, and geography. By material, the market is segmented into polyurethane, textile, fiberglass, and other materials. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By application, the market is segmented into bonnet liner, door trim, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Material
Polyurethane
Textile
Fiberglass
Other Materials
Vehicle Type
Passenger Cars
Commercial Vehicles
Application
Bonnet Liner
Door Trim
Other Applications
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
United Arab Emirates
Other Countries
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Automotive Acoustic Material Market Size Summary

The automotive acoustic material market is poised for growth, driven by evolving trends in vehicle interiors and the increasing importance of passenger comfort. As vehicles transition towards more customized and autonomous designs, the demand for materials that enhance interior quality and reduce noise, vibration, and harshness (NVH) is rising. This shift is further fueled by the growing popularity of premium and luxury vehicles, where acoustic comfort is a key selling point. The market is also benefiting from advancements in material technology, such as composite materials that absorb low-frequency sounds and innovations like Autoneum's Flexi-Loft technology. These developments are supported by significant investments in research and development by manufacturers aiming to improve the acoustic properties of vehicles.

The Asia-Pacific region stands out as the largest market for automotive acoustic materials, bolstered by its substantial vehicle production capacity. China, despite recent sales declines, remains a pivotal player with ongoing expansions in production facilities. Europe follows as a significant market, particularly for premium cars, which are expected to drive demand for acoustic materials. The competitive landscape is marked by strategic partnerships and product innovations, with companies like Teijin Limited and BASF SE leading initiatives to enhance vehicle acoustics. However, challenges such as economic slowdowns, import taxes, and the lingering effects of the COVID-19 pandemic pose potential hurdles to market expansion. Nonetheless, the increasing demand for electric vehicles and government investments in public transportation are anticipated to provide a boost to the market.

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Automotive Acoustic Material Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Polyurethane

      2. 2.1.2 Textile

      3. 2.1.3 Fiberglass

      4. 2.1.4 Other Materials

    2. 2.2 Vehicle Type

      1. 2.2.1 Passenger Cars

      2. 2.2.2 Commercial Vehicles

    3. 2.3 Application

      1. 2.3.1 Bonnet Liner

      2. 2.3.2 Door Trim

      3. 2.3.3 Other Applications

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 United Arab Emirates

        3. 2.4.4.3 Other Countries

Automotive Acoustic Material Market Size FAQs

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.

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

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