APAC to Dominate the Global Automotive NVH Materials Market Through 2021, Says Technavio

17-Jan-2017 Intellasia | BusinessWire | 1:23 AM Print This Post

LONDON–(BUSINESS WIRE)–$DD #Research–The global
automotive noise, vibration, harshness (NVH) materials market
is
expected to grow at a CAGR of close to 7% during the period 2017-2021,
according to Technavio’s latest market research.


In this market research report, Technavio
covers the market outlook and growth prospects of the global automotive
NVH materials
market for 2017-2021. The report
presents the vendor landscape and corresponding detailed profiles of the
key five vendors operating in the market. It also examines the key
emerging trends and drivers that are expected to impact the market
during the forecast period.

“Vendors are focusing on introducing new products, such as automotive
NVH materials with stearate coating for a smooth and scratch-free
finish. The automotive sector will be the leading consumer of automotive
NVH materials with semi-friable aluminum oxide based products, which
offer high durability to sustain heavy-duty use from the automotive
industry,”
says Chandrakumar Badala Jaganathan, a lead metals
and minerals
research expert from Technavio.

Technavio’s chemicals
and materials
research analysts segment the global automotive
NVH materials market into the following regions:

  • APAC
  • Americas
  • EMEA

In 2016, with a market share of over 50%, APAC emerged as the market
leader in the global automotive NVH materials market, followed by the
Americas with over 27% and EMEA with over 22%.

Automotive NVH materials market in APAC

The automotive NVH materials market in APAC is expected to grow at a
CAGR of over 7%. Many global automakers are focusing on either shifting
their production bases to APAC or sourcing raw materials from this
region, thereby driving market growth. APAC will lead the global
automotive NVH materials market owing to the growing economic
development in the Association of Southeast Asian Nations and an
increase in per capita income in the region, which has contributed to a
rise in the purchasing power. China, Japan, India, South Korea, and
Thailand are the leading revenue contributors in APAC.

“The market is chiefly dominated by APAC due to the presence of many
automotive manufacturers who require automotive NVH materials for their
products,”
says Chandrakumar.

Request a sample report: http://www.technavio.com/request-a-sample?report=55933

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Automotive NVH materials market in Americas

The presence of a mature market in North America will restrict growth in
this region. However, an increase in demand from Central and South
American countries, such as Brazil, will drive growth in the next five
years. Vendors in the market are focusing on the introduction of new
products as less NVH in vehicles is a highly desirable trait and is
directly indicative of the quality of the module.

Automotive NVH materials market in EMEA

The automotive sector in EMEA is expected to be one of the chief
contributors to the automotive NVH materials market in the region during
the forecast period. The growth of automotive NVH materials market is
attributed to the rising demand from the automotive industry. Germany
and Russia are the leading consumers of automotive NVH materials in this
geographic region.

The top vendors in the global automotive NVH materials market as
highlighted in this market research analysis are:

  • 3M
  • BASF
  • Covestro
  • Dow Chemical
  • DuPont

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

 


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