Press Release
Press Release
The market growth of automotive noise, vibration, and harshness (NVH) materials can be attributed to the increasing demand for fuel-efficient vehicles, diversification of automobiles, and the growing ecological specifications in the automotive sector. With the increasing demand for luxury and high-end vehicles, optimal noise insulation is increasingly becoming integral.
As electric vehicles are gaining popularity across the globe, the demand for NVH materials that solve even the slightest NVH issues is growing. The development of innovative automotive noise, vibration, and harshness (NVH) solutions to reduce harshness effects and structure-borne noises is expected to propel the market.
Moreover, the increasing focus on comfortability, reliability, cost-efficiency, safety, and durability of passenger vehicles is anticipated to provide further impetus to the market for NVH materials in the forecast period.
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The DOW Chemical Company (NYSE: DOW) announced the launch of MobilityScience™ Studios in August 2021. This would support the development of innovative transportation technologies focused on acoustic and powertrain solutions for the rising applications.
Such innovations would enable the company to develop customised noise, vibration, and harshness (NVH) solutions for any specifications. The studios would have access to the company’s elastomers, resins, polyurethane foams, coatings materials, and speciality chemicals to improve the acoustic performance of its materials. This would also enable the company to create acoustic materials in accordance with consumers’ requirements across applications and frequencies to solve the challenges associated with NVH materials. Hence, the increasing innovations by the leading companies are positively impacting the market growth.
The major players in the global automotive noise, vibration, and harshness (NVH) materials market are Sumitomo Riko Company Limited, BASF SE, 3M Company, The DOW Chemical Company, Covestro AG, Huntsman international LLC, Borgers SE & Co. KGaA, Bocholt, Eagle Industries Inc., and Roush Enterprises, Inc, among others.
The comprehensive report by EMR looks into the market share, vcapacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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