Automotive NVH Materials Market Projected to Hit USD 20.73

New York, US, Oct. 20, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),“Automotive NVH Materials Market Research Report: Information By Type, By Application, By Vehicle Type – Forecast 2030″, The global market will reach USD 20.73 billion at a 6.58% CAGR by 2030, in accordance to the Market Research Future report.

Automotive NVH Materials Market Analysis 

The increasing usage of synthetic rubber goods in friction and noise absorption and damping due to their flexibility, chemical stability, greater strength, and density is the key driver of growth in this area throughout the forecast period. This will fuel market growth during the assessment period. 

Strict Government Regulations to offer Robust Opportunities 

Strict government regulations to reduce vehicle noise levels are boosting the need for alternative NVH materials that will offer robust opportunities for the market over the forecast period. 

Automotive NVH Materials Market  Key Players 

Eminent market players in the automotive NVH materials market report includes,

• BASF SE (Germany)
• The Dow Chemical Company (US)
• 3M Company (US)
• ElringKlinger AG (Germany)
• Huntsman Corporation (US)
• Sumitomo Riko Co. Ltd (Japan)
• Covestro AG (Germany)
• Celanese Corporation US)
• Huntsman Corporation (US)
• Lanxess AG (Germany)
• Henkel AG & Co. KGaA (Germany)
• Wolverine Advanced Materials LLC (US)
• Borgers AG (Germany)
• DuPont (US) and Eastman Chemical Company (US)

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Restraints 

High Volatility in Raw Material Prices to Act as Market Restraint 

The high volatility in raw material prices may act as a market restraint over the forecast period. 

Challenges 

Increase in R&D Cost to act as Market Challenge 

The increase in R&D cost may act as a market challenge over the forecast period. 

Automotive NVH Materials…