Acoustic and Thermal Insulation Market for Electric Vehicles is Projected to Grow at a CAGR of 17.07% from 2019-2029.

The global acoustic and thermal insulation market for electric vehicles, including market breakdown by material type, application type, propulsion type, and region. Herein, the revenue generated from different material type (foams, fibers, and pads and mats, and others), application type (passenger compartment, rear compartment, under the hood and battery pack, and exterior), and regions (North America, Europe, Asia-Pacific, and Rest-of–the-World) has been tracked to calculate the overall market size in terms of value ($million) and volume (kilotons). Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

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Key automotive insulation materials that are identified in the global acoustic and thermal insulation market for electric vehicles include foams, fibers, pads and mats, and others. These materials owing to their distinguished characteristics are used for various usage in different parts of an electric vehicle. In terms of material type, foam-based material acquires the largest market share in the current scenario. Foams are made from various materials such polyurethane, polypropylene, and polyethylene.

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Application for insulation materials for electric vehicles are mainly categorized into four parts of an EV, namely passenger compartment, rear compartment, under the hood and battery pack, and exterior. The passenger compartment currently has the highest amount of application of insulation materials in an electric vehicle. This is due to multiple application areas for insulation materials inside a passenger cabin such as inside door panels, under the floor, on the roof, on vehicle seats, and on the vehicle dashboard. The large amount of quantity of insulation materials needed to cover the insides of a passenger vehicle cabin leads to the greater amount of usage of insulation materials for this application. Amount of insulation material used inside a passenger vehicle varies according to vehicle type (passenger car or commercial vehicle), electric vehicle manufacturer’s insulation needs, and model of various different electric vehicles.

The global acoustic and thermal insulation market for electric vehicles encompasses three major types of electric vehicles which are hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). These vehicle types are present in the form of both passenger cars and commercial vehicles. In terms of propulsion type, the HEVs segment acquires the largest market share in the current scenario.

Further, the report includes an exhaustive region-wise analysis that includes analyses of North America, Europe, Asia-Pacific (APAC), and Rest–of-the-World (RoW). Each region details the individual push-and-pull forces in addition to the information on the key players from that region.

Key Companies in the Acoustic and Thermal Insulation Market for Electric Vehicles

Some of the key players operating in the acoustic and thermal insulation market for electric vehicles are Adler Pelzer Holding GmbH, Armacell International S.A., Autoneum, CYG TEFA Co., Ltd, Halco USA, INOAC Corporation, Janesville Acoustics, Morgan Advanced Materials, Pritex Limited, Shanghai Xinan Automobile Sound-Insulation Felt Co., Ltd., Sika Automotive, Sumitomo Riko Company Limited, Tecman Speciality Materials Limited, Toyota Boshoku Corporation, and Zetofoams Plc.

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