AUTOMOTIVE NVH MATERIALS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, Japan, and India, coupled with the continuous investments done in the region to advance the driving technology sector through the years. NVH materials are being used in combustion engine vehicles, hybrid vehicles, and electric vehicles. So, the demand for these materials is expected to be constant. In developing countries, the demand for passenger cars has been significantly increasing due to the growing in middle-class incomes, technology and sales promotions provided by automobile manufacturers to people. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific leads global automobile production in recent years. China is the largest producer of automobiles the count

The market for automotive NVH materials is expected to grow at a CAGR of less than 6% globally during the forecast period. Increasing usage and demand in passenger vehicles and growing demand for lightweight performance materials are driving the market growth.

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