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Automotive Acoustic Materials - Global Market Trajectory & Analytics

  • ID: 4804535
  • Report
  • April 2021
  • Region: Global
  • 285 Pages
  • Global Industry Analysts, Inc
Global Automotive Acoustic Materials Market to Reach $3.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Acoustic Materials estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3.5 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Polyurethane, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polypropylene segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $632.8 Million, While China is Forecast to Grow at 8.9% CAGR

The Automotive Acoustic Materials market in the U.S. is estimated at US$632.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$736.3 Million by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

ABS Segment to Record 5.5% CAGR

In the global ABS segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$314.8 Million in the year 2020 will reach a projected size of US$444.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$467.1 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • 3M Company
  • BASF Corporation
  • Covestro AG
  • DowDupont Inc.
  • Henkel AG & Co. KGaA
  • Huntsman Corporation
  • LyondellBasell Industries NV
  • Sika AG
  • Toray Industries, Inc.
Frequently Asked Questions about the Global Market for Automotive Acoustic Materials

What is the estimated value of the Global Market for Automotive Acoustic Materials?

The Global Market for Automotive Acoustic Materials was estimated to be valued at $2.3 Billion in 2020.

What is the growth rate of the Global Market for Automotive Acoustic Materials?

The growth rate of the Global Market for Automotive Acoustic Materials is 6.2%, with an estimated value of $3.5 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Acoustic Materials?

The Global Market for Automotive Acoustic Materials is estimated to be worth $3.5 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Acoustic Materials: Prelude
  • Exhibit 1: Global Automotive Acoustic Material Market: Percentage Breakdown of Sales by Vehicle Type for 2019 and 2025
  • Impact of Covid-19 and a Looming Global Recession
  • Need to Improve Comfort and Safety and Enhance Acoustic Efficiency of Vehicles Drives Demand for Automotive Acoustic Materials
  • Acoustic Materials Focus on Improving Interior Vibro-acoustic Environment and Controlling Exterior Environmental Noise Emissions
  • Automotive HVAC Noise Reduction: An Opportunity for Acoustic Materials Market
  • Acoustic Textiles in Automotive and Transportation Sector
  • With BEVs Market Set for Rapid Growth, Unique NVH Concerns of Electric Powertrains Present Opportunities for Acoustic Materials
  • Exhibit 2: Global Light Duty Vehicles Market: Sales in Million Vehicles for ICE, BEV and PHEV Types for the Years 2020, 2025, 2030, 2035 and 2040
  • Exhibit 3: Light Vehicles Market in North America - Breakdown of Sales in Thousands by Power Type for the Years 2015 through 2025
  • Composite Materials for Reducing Noise in Hybrid Electric Vehicles
  • Autoneum’s Hybrid-Acoustics ECO+ Designed to Improve Acoustics for EVs
  • Polyurethane Foam: Reducing Ambient Noise in Automobiles
  • Glass-Fiber Reinforced Materials Find Use for Sound Absorbing Properties in Auto Industry
  • Vehicle Aeroacoustic Performance: Vital for Customer Perception and Improvement in Safety and Comfort
  • Reducing Tire Cavity Noise Resonance in Automobile Wheels
  • Insulating Spray Foam and Paint Sealers: Among the Materials Used to Reduce Noise in Economy Cars
  • Acoustic Metamaterials: Significant Role in Controlling Noise in Automobiles
  • Acoustic Glass Optimizes Sound Levels in Cars
  • EU Mandates Use of Acoustic Vehicle Alert System (AVAS) in EVs and HEVs
  • Government Regulations on Reducing Noise Levels in Vehicles Boosts Demand for Acoustic Materials
  • Europe
  • USA
  • Acoustic Materials
  • Acoustic Materials in Automotive Industry


  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown