Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global constrained layer damping market was valued at US$ 1,074.08 Mn in 2016 and is expected to reach US$ 1,841.52 Mn by 2025, witnessing a CAGR of 6.2% over the forecast period (2017 - 2025), according to Constrained Layer Damping Market Report, by Viscoelastic Material (Butyl, Polyurethane, Vinyl, Others), by Product Type (Steel, Aluminum, Non-metallic, and Others), by End-use Industry (Automotive, Construction, Marine, Aerospace, Appliances, and Others), published by Coherent Market Insights. The constrained layer damping is widely used in the automotive industry and the most common materials being vinyl, polyurethane, and butyl. Constrained layer damping can be used as coatings or sealants and to produce products that take the form of sheets, foam, and tiles. Damping materials are required to strongly bond to the surface, to provide extreme vibration reduction. CLD reduces interior noise and vibration by separating and absorbing noise vibrations produced by the major sources of noise and vibrations, including the engine, suspension, and tires.
Asia Pacific is a lucrative market for constrained layer damping materials, primarily driven by growing automobile industry in India and China. The growing population in these countries is increasing the demand for transportation and transit of consumer goods, is boosting growth of the automobile industry. According to China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), sales of cars in China stood at 28.03 Mn in 2016 and 3 Mn in India. CAAM also projected automobile sales in China to grow by 5% to 29.4 Mn units in 2017. North America and Europe also witness strong vehicle sales, with the U.S., positioned as the second-largest country to sell cars, after China.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/constrained-layer-damping-market-708
Browse 350 pages, 150 market data tables* and 90 figures* on ""Constrained Layer Damping Market" - Global forecast to 2025.
Key Trends and Analysis of the Constrained Layer Damping Market:
Among product type, the steel segment is the largest segment among product types which is expected to a revenue of US$ 939.2 Mn by 2025. Steel manufacturers working with composites engineers and laminates to develop vehicle parts are increasingly focusing on weight reduction, noise reduction, and cost saving. To reduce structure-borne noise in the vehicle, silent steel (sandwich steel) is used. Sandwich steel is used as a damping material in various applications to control noise and vibration in vehicles such as power train application. The excellent properties of steel such as high durability, stiffness, and toughness enables it to act as an excellent layer that helps in the protection of damping material. The steel segment was valued at US$ 529.5 Mn in 2016 and is expected to reach US$ 939.2 Mn by 2025, exhibiting a CAGR of 6.58% over the forecast period.
Key Takeaways of the Market:
Among regions, the constrained layer damping market in Europe held a dominant position in the global market. The market in Europe was valued at US$ 438.09 Mn in 2016, and is expected to reach US$ 683.02 Mn by 2025, exhibiting a CAGR of 5.1% over the forecast period. The market in Europe is expected to contribute 37.09% market share in the global market by 2025. The high presence of leading car manufacturers such as BMW, Mercedes-Benz, Volkswagen, and Renault in Europe is expected to result in major R&D activities with regards to damping treatments. Increasing demand for premium luxury cars in developed economies such as Germany, Italy, and U.K, is influencing the adoption of constrained layer damping systems. OEMs are increasingly focusing on reducing the weight of vehicles as well as reduce the effects of NVH, so as to improve the driving experience for consumers by using damping treatments in vehicles. Companies such as BMW, have already entered into collaborations with various companies such as Sika Global Automotive and others in order to incorporate damping treatments in their cars. Thus, the market in Europe is expected to witness rapid growth in the constrained layer damping market over the forecast period.
Key players operating in the constrained layer damping market include Avery Dennison Corporation, American Acoustical Products, Polymer Technology Inc. Soundown Corporation, Heathcote Industrial Plastics, Vibracoustic Gmbh, Megasorber Pty Ltd, and 3M among others.