NVH MATERIALS MARKET ANALYSIS

Regional Analysis

Emerging economies such as China and India are experiencing immense growth in the automobile sector due to rapidly increasing population and rising living standards in these countries. Moreover, abundant availability of raw materials and cheap labor in these countries have led to the key global manufacturers to set up their operation units and cater to the increasing demand for automobile in these countries. This scenario has fueled the growth of the NVH materials in the Asia-Pacific region as compared to North America and Europe.