According to the business intelligence report titled ‘Global Automotive Acoustic Materials Market, 2021-2027’, available with MarketStudyReport, global automotive acoustic materials market is slated to grow at an annual rate of 4.2% between 2021-2027.
 

Growing vehicle manufacturing capacity, and demand for better safety & comfort features in automobiles are the key growth stimulants for global automotive acoustic materials market. Rising population, and growing urbanization will aid revenue inflow as well.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3706302/
 

For the unversed, acoustic materials are leveraged to mechanically decrease the strength of mechanical waves such as ultrasound, sound, infrasound, and vibration in various mediums such as gas, solid, and liquid.
 

Stricter vehicular safety as well as emission norms, coupled with rising sales of electric vehicles, and surging demand for nonwoven materials will facilitate industry growth. However, fluctuating raw material prices will act as a challenge for businesses in global automotive acoustic materials industry domain.
 

Based on product gamut, the market is divided into door trim, and bonnet liner. As per application scope, the industry is split MCVs & HCVs, LCVs, and passenger cars.
 

North America, South America, Europe, Asia Pacific, and Middle East & Africa are the leading regional contributors to worldwide automotive acoustic materials market valuation. Among these, Asia Pacific held a significant share in the industry in the recent past and is anticipated to record lucrative expansion between 2021-2027. Presence of leading vehicle manufacturing economies, rising disposable income, and growing vehicle sales are the factors attributed to this growth.
 

Leading players formulating the competitive landscape of the marketplace are Dow Inc., BASF SE, 3M Company, Covestro AG, and Henkel AG & Co. KGaA. Information pertaining to business profiles of these industry behemoths, alongside latest developments like partnerships & collaborations, mergers & acquisitions, and constant R&D efforts are highlighted in the report.