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The automotive NVH materials market size is forecast to increase by USD 4.22 billion and is estimated to grow at a CAGR of 7.7% between 2023 and 2028. The automotive industry is experiencing significant growth, particularly in the passenger vehicle segment. This trend is driven by increasing disposable income and urbanization, leading to a rising demand for personal mobility solutions. In tandem with this growth, there is a heightened focus on reducing vehicle noise levels to meet stringent government regulations. One material that is gaining popularity for its noise reduction properties is polyurethane. As a versatile insulating material, polyurethane effectively absorbs sound waves, making it an ideal solution for noise reduction in automobiles. Furthermore, its use in various automotive applications, such as seating, roof linings, and engine compartment insulation, adds to its demand. Overall, the growing demand for passenger vehicles, increasing stringency of noise reduction regulations, and rising demand for polyurethanes are key trends shaping the automotive industry landscape.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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