The global Automotive Acoustic Fiberglass Materials Market is estimated to reach USD 4.10 Billion by 2028, according to a new report by Reports and Data. Acoustic Fiberglass materials reduce the strength of the mechanical waves, including sound, ultrasound, vibration, and infrasound in several mediums such as liquid, gas, and solid. These materials, along with implementing active Acoustic Fiberglasss, also improve thermal insulation, driving comfort, and vehicle safety. In automobiles, the bonnet liners, powertrain, and engine encapsulation are made up of Acoustic Fiberglass materials to absorb the engine bay noise. Internal combustion engine (ICE) cars need more Acoustic Fiberglass materials for enhanced comfort and improved noise cancellation. Thus a rise in the number of passenger cars is anticipated to drive the growth of the market. Noise control engineers extensively use Acoustic Fiberglassal materials for reduction of Noise Vibration and Harshness (NVH).
However, to select and apply these materials efficiently, which are available in various types commercially, the specific properties of these materials need to be known. Well organized standards exist for such features to be implemented in the industry. Factors such as the initiation of stringent regulatory norms about transportation noise for ICE, electric & hybrid vehicles and growing customer preference for improved cabin comfort and luxury characteristics are anticipated to encourage the growth of this market.
However, the rising usage of used & rental Acoustic Fiberglass testing devices, high investment, and fluctuating costs of raw materials are some of the factors that may hinder the market growth in the future.
The Asia Pacific region is anticipated to be the fastest growing market and it accounts for the largest share of 51.3% of the market in 2020. Steady economic growth, rising focus on automobiles, advancements related to Acoustic Fiberglass materials, and government regulations about vehicle noise have raised the demand for the market in the region. The largest market share in this region can be attributed to the presence of leading players like 3M (US), BASF (Germany), and Dow Chemical (US).
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The demand for strong and lightweight Acoustic Fiberglass materials in the automotive industry is driven by various factors, contributing to the revenue growth of the market. One significant factor is the increasing focus of automobile producers on finding materials that are lightweight yet offer excellent sound absorption capabilities. By incorporating lightweight Acoustic Fiberglass materials, vehicle manufacturers can reduce the overall weight of the vehicle, leading to improved fuel economy and reduced carbon emissions.
Government regulations that impose strict rules on emissions and noise pollution also play a crucial role in driving the market's revenue growth. Governments worldwide are implementing stringent regulations on the automotive industry to mitigate noise pollution and enhance air quality. This has created a high demand for Acoustic Fiberglass materials that can effectively reduce vehicle emissions and noise levels, enabling manufacturers to comply with these regulations.
Furthermore, the rising popularity of electric and hybrid vehicles is expected to further drive the need for Acoustic Fiberglass materials in the automotive industry. Electric and hybrid vehicles lack the typical engine noise found in conventional gasoline-powered cars, making other sounds more noticeable to passengers. To address this, Acoustic Fiberglass materials are utilized to enhance soundproofing, reducing external noise and vibration. This significantly improves the overall driving experience for passengers in electric and hybrid vehicles.
Overall, the demand for lightweight Acoustic Fiberglass materials in the automotive industry is being driven by a combination of factors, including the pursuit of fuel efficiency and reduced emissions, compliance with government regulations, and the unique soundproofing requirements of electric and hybrid vehicles.
Component Outlook (Volume, Tons; and Revenue, USD Billion; 2020-2028)
Vehicle Type Outlook (Volume, Tons; and Revenue, USD Billion; 2020-2028)
Type Outlook (Volume, Tons; and Revenue, USD Billion; 2020-2028)
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Key Regional Markets Covered in the Report:
Top Companies Operating in the Global Automotive Acoustic Fiberglass Materials Market:
BASF SE, DuPont, 3M, Henkel AG & Co. KGaA, The Dow Chemical Company, Covestro AG, TORAY INDUSTRIES, INC., Sika, Lyondell Basell Industries Holdings B.V.,Huntsman International LLC., Bayer AG, Owen corning, johns Manville, Rockwool international, fletcher insulation and Knauff insulation, Thomas net, Sounddown corp., Victrex, USA., Fabri-Tech components,Inc.,Johnson bros, Roll Forming Co., Heubach Corporation, U.S. Rubber Supply Co., Tex Tech Industries
Further key findings from the report suggest
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