Automotive Acoustic Materials Global Market Report 2024

Acoustic materials encompass a diverse range of substances, including foams, fabrics, metals, and more, utilized to mitigate noise levels within homes, offices, automobiles, and various structures. The primary objective is to enhance the comfort and safety of occupants by minimizing both internal and external noise. Automotive acoustics employ materials tailored to specific properties such as frequency, composition, thickness, surface finish, and mounting method, effectively reducing mechanical wave intensities like sound, ultrasound, vibration, and infrasound across liquid, gas, and solid media.

Key materials in automotive acoustics include acrylonitrile butadiene styrene (ABS), fiberglass, polyvinyl chloride (PVC), polyurethane (PU) foam, polypropylene, and textiles. Acrylonitrile butadiene styrene, characterized by its opaqueness, amorphy, and thermoplastic nature, plays a crucial role. Various components like arch liners, dashboards, fenders, floor insulators, doors, headliners, bonnet liners, engine covers, trunk trims, parcel trays, and others contribute to the comprehensive utilization of these materials. Application areas span passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs), addressing underbody and engine bay acoustics, interior cabin acoustics, exterior acoustics, and trunk panel acoustics.

The automotive acoustic materials market research report is one of a series of new reports that provides automotive acoustic materials market statistics, including automotive acoustic materials industry global market size, regional shares, competitors with an automotive acoustic materials market share, detailed automotive acoustic materials market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive acoustic materials industry. This automotive acoustic materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive acoustic materials market size has grown strongly in recent years. It will grow from $3.52 billion in 2023 to $3.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be attributed to various factors, including adherence to regulatory compliance, the pursuit of emission reduction targets, the rise in urbanization trends, evolving consumer comfort and expectations, and the increased adoption of electric and hybrid vehicles.

The automotive acoustic materials market size is expected to see strong growth in the next few years. It will grow to $4.96 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be ascribed to several factors, including the increasing prevalence of autonomous vehicles, a growing emphasis on interior vehicle customization, rising environmental concerns, the surge in infrastructure projects, and the emerging economic growth. Noteworthy trends in this period encompass specialized solutions for electric vehicles, advanced soundproofing technologies, tailored interior acoustics, augmented reality audio, and the integration of smart materials and sensors.

The growth of the automotive acoustic materials market is anticipated to be significantly influenced by the rising sales of electric vehicles. These vehicles, relying on electric power either wholly or partially, necessitate the use of automotive acoustic materials to minimize interior noise, thereby enhancing soundproofing and absorption. The International Energy Agency's 2021 report revealed that in 2020, two-thirds of new electric car registrations and stock were battery electric vehicles (BEVs), with China leading in fleet size at 4.5 million units and Europe experiencing a substantial annual growth to 3.2 million units. This surge in electric vehicle sales continues to be a driving force behind the automotive acoustic materials market.

Anticipated expansion in vehicle production is set to bolster the automotive acoustic materials market. Vehicle production involves the manufacturing and assembly of various automobiles, contributing to the demand for these materials to ensure a quieter, more comfortable, and safer driving experience. Recent data from the Board of Governors of the Federal Reserve System highlights a rise in total vehicle production in the US, reaching 10.44 million units in 2022 and increasing further to 11.06 million units by 2023. The escalation in vehicle production remains a key driver for the growth of the automotive acoustic materials market.

A prominent trend in the automotive acoustic materials market revolves around technological advancements. Major market players are continually introducing new technologies, such as Flexi-Loft, a felt-based innovation aimed at reducing product weight. Autoneum, a Switzerland-based company, introduced Flexi-Loft in November 2021 for vehicle interiors. This technology, incorporating a blend of recycled cotton and functional fibers, not only reduces product weight but also ensures precise adaptation, even in complex shapes. Such textile materials are becoming a sought-after alternative to foam, offering versatility and sustainability in the market.

Prominent entities in the automotive acoustic materials sector are increasingly embracing strategic partnerships to offer comprehensive, unified solutions. Strategic partnerships entail companies leveraging one another's strengths and resources for mutual benefits and shared success. A clear instance is the collaboration between Free Field Technologies, a Belgium-based simulation software developer, and Autoneum Holding AG, a Switzerland-based corporation, in June 2021. This strategic alliance is aimed at expediting the development of acoustic designs for vehicles, benefiting automotive manufacturers by enhancing vehicle comfort and reducing noise. The collaborative effort serves the interests of both manufacturers and end customers, contributing to an improved overall driving experience and heightened satisfaction.

Autoneum Holding AG, a Switzerland-based automotive company, made a significant move in January 2023 by acquiring the automotive business from Borgers Group, a renowned Gemnat-based manufacturer of automotive acoustic and thermal management products, for an undisclosed amount. This acquisition was orchestrated to further bolster Autoneum's global market dominance in sustainable, lightweight solutions for vehicle acoustic and thermal management. The integration of Borgers Group's automotive business serves to reinforce Autoneum's position in the industry.

Major companies operating in the automotive acoustic materials market include Dow Chemical Company, 3M Acoustic Solutions, BASF SE, Covestro AG, Henkel Adhesives Technologies India Private Limited, LyondellBasell Industries Holdings B.V., Sumitomo Riko Co. Ltd., Sika AG, Rockwool A/S, Huntsman International LLC, Johns Manville, Saint-Gobain Ecophon AB, Harman International, Thomas Publishing Company, UFP Technologies Inc., Nihon Tokushu Toryo Co. Ltd., Knauf Insulation Ltd., Owens Corning, DuPont Automotive, ThyssenKrupp Automotive AG, Bridgestone Americas Inc., Metaldyne LLC, Detroit Diesel Corp., Alps Automotive Inc., American Showa Inc., Electrolux AB, LG Electroncis Inc., Miele & Cie. KG, Samsung Electronics Co. Ltd., Panasonic Corporation, Koninklijke Philips N.V., Shanghai Energy New Materials Technology Co. Ltd., Sinoma Science & Technology Co. Ltd., Cangzhou Mingzhu Plastic Co., Teijin Limited, Nitto Denko Corporation

Asia-Pacific was the largest region in the automotive acoustic materials market share in 2023. The regions covered in automotive acoustic materials market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive acoustic materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The automotive acoustic materials market consists of sales of vibration dampers, vibration damping sheets, barrier decouplers, PVC decouplers, cellulose panels, sound silencers, silk metal, and echo barriers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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