Global Constrained Layer Damping Market is estimated to be valued at US$ 429.83 Mn in 2021, according to the Global 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), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.
Global constrained layer damping market was valued at US$ 429.83 Mn in 2021. Constrained layer damping market is expected to register a CAGR of 6.35 % over the forecast period (2022–2030), to reach US$ 744.88 Mn by 2030.
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https://www.coherentmarketinsights.com/market-insight/constrained-layer-damping-market-708
Key Trends and Analysis of the Global 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$ 744.88 Mn by 2030. 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$ 429.83 Mn in 2021 and is expected to reach US$ 744.88 Mn by 2030, exhibiting a CAGR of 6.35 % over the forecast period.
Key Takeaways of the Global Constrained Layer Damping 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$ 429.83 Mn in 2021, and is expected to reach US$ 744.88 Mn by 2030, exhibiting a CAGR of 35% over the forecast period. The market in Europe is expected to contribute 6.35 % market share in the global market by 2030. 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 the 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 global 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.
