Several regulatory authorities guide and regulate the North American automotive industry, including Federal Motor Vehicle Safety Standards (FMVSS) and National Highway and Traffic Safety Administration (NHTSA) regulate the vehicle and road safety norms.
New York, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Low-Frequency Sound-Absorbing Insulation Materials Market by Type, Application and Region - Global Forecast to 2025" - https://www.reportlinker.com/p05989796/?utm_source=GNW
In Canada, Canada Motor Vehicle Safety Standards (CMVSS) is the regulatory body for traffic and automobile safety. Also, in Europe several regulatory authorities guide and regulate the global automotive industry, including the United Nation Economic Commission of Europe (ECE) and EU (EG directive) in Europe. The NVH regulations for automobiles are becoming more stringent, and this trend is expected to prevail in the coming years, thus driving the consumption of NVH materials, including sound-absorbing insulation material for automotive applications.
The foam segment is expected to dominate the market during the forecast period
Foam is the most widely used insulation material used as low-frequency sound-absorbing insulation material.Both open and closed-cell foams are used in acoustic insulation.
Foam and foam-based materials are the materials that cater to a wide range of application segments when it comes to the handling of different frequencies of noise.Both closed-cell and open-cell foams are used in noise insulation.
Companies are mostly catering to mid-and-high-frequency requirements. But, with further modifications, the same material could be used for low-frequency ranges.
The interior application segment is expected to hold the largest market share, in terms of value, between 2020 and 2025
Interior applications include floor covering, underbody cladding, luggage compartment, and door trims among others.In any luxury vehicle, the engine is quiet when compared to normal vehicle.
This is the reason that insulation of interior space is slightly more when compared to engines in a luxury vehicle.On the other hand, Engine and under the bonnet application include engine and under the bonnet area which is insulated.
This application area accounted for a smaller share when compared to interior segment. This is because engine area of luxury cars is quite and needs less insulation.
Europe is expected to record the highest growth rate in the low frequency sound absorbing insulation materials market during the forecast period
Europe was the largest market for low-frequency sound-absorbing insulation material.This is because of the presence of major manufacturers of luxury and electric vehicles in European region.
In Europe, Germany was the largest market for low-frequency sound-absorbing insulation material.This is because of the presence of major manufacturers of luxury and electric vehicles in Germany including BMW, and Mercedes Benz among others.
Over the years, electric vehicles have emerged as the most appropriate solution to reduce the emission of gases by ICE vehicles.Initially, high production cost, limited drive range, and long charging time were the key obstacles in the electric vehicles market.
However, over the last decade, advancements in technology have helped manufacturers overcome these obstacles. For instance, Tesla has introduced innovative superchargers that can charge electric vehicle battery up to 80% in less than 30 minutes. In recent years, over-dependency on oil for transportation has caused tremendous loss to the environment
In the process of determining and verifying the market size for segments identified through secondary research, extensive primary interviews were conducted. A breakdown of the primary interviewees are as follows:
• By Company Type: Tier 1 - 60%, Tier 2 - 20%, and Tier 3 - 20%
• By Designation: C-Level - 33%, Director Level - 33%, and Others - 34%
• By Region: North America - 30%, Europe - 45%, Rest of the World- 25%
The key market players profiled in the report include Saint-Gobain (France), Autoneum (Switzerland), 3M (US), DuPont (US), BASF (Germany), Mitsubishi Chemical Holdings (Japan), and Stevens Insulation LLC (US)
The market study covers the low frequency sound absorbing insulation materials market across segments.It aims at estimating the size and the growth potential of this market, across different segments, such as material, application, and region.
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to Buy this Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall low frequency sound absorbing insulation materials in different segments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on low frequency sound absorbing insulation materials offered by top players in the global market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for low frequency sound absorbing insulation materials across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global low frequency sound absorbing insulation materials market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the low frequency sound absorbing insulation materials market
• Impact of COVID-19 on the low frequency sound absorbing insulation materials Market
Read the full report: https://www.reportlinker.com/p05989796/?utm_source=GNW
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