Market News
Key Developments
Several key players in NVH materials market are focused on developing various strategies such as capacity expansion, mergers and acquisition and developing new innovative solutions in order to strengthen their global presence. For instance,
- In March 2019, Siemens AG, a multinational conglomerate company and one of the largest industrial manufacturing company, announced to acquire Noise, vibration and harshness (NVH) end-of-line quality testing business of Saab Medav Technologies GmbH, which develops and installs non-destructive testing (NDT) systems mainly to an automotive industry. Through this acquisition, Siemens strengthen their Simcenter portfolio with a range of highly configurable and innovative solutions for NVH quality testing.
- In July 2018, Huntsman, manufacturer of chemical products for consumers and industrial customers, launched ACOUSTIFLEX HFI technology, a polyurethane technology for NVH applications that delivers acoustic comfort in cars. ACOUSTIFLEX materials offer various processing advantages over acoustic materials such as faster demould times, which means better part production rates can be achieved.
- In November 2018, Continental AG, a German automotive manufacturing company, signed an agreement with Cooper Standard, one of the leading supplier of automotive components, on the purchase of its anti-vibration systems (AVS) business. Through this acquisition, the company will expand its global presence for noise reduction and anti-vibration technology in North America.
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