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Market Overview

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This research study covers the global acoustic and thermal insulation market for electric vehicles, including an overview of different segmentations. The market was valued at $134 million in 2020 and is projected to reach $1,108 million by 2031, with a CAGR of 20.45% during the period from 2021 to 2031.

The growth of this market can be attributed to the increasing demand for innovative, lightweight, and efficient insulation materials for electric vehicles. The thermal conduction of a material is determined by its R-value, which measures its insulating effectiveness. Therefore, there is a current demand for insulation materials that are lightweight, affordable, and have a higher R-value.

While electric vehicle sales have been slowly increasing in various regional markets, they still represent a small fraction compared to the global market for internal combustion engine vehicles. However, projections suggest that electric vehicles will eventually dominate the automotive industry. As a result, many vehicle manufacturers, both existing and new players, are shifting their focus towards producing electric vehicles.

Leading automotive OEMs have formed partnerships with insulation material suppliers to incorporate these materials into their electric vehicles. Additionally, governments around the world are implementing plans to increase electric vehicle sales and phase out internal combustion engine vehicles, which further drives the demand for acoustic and thermal insulation in electric vehicles.

The development of electric vehicles is driven by concerns over the depletion of global crude oil sources and increasing air pollution in cities. Manufacturers are striving to offer affordable, reliable, and environmentally friendly alternatives to internal combustion engine vehicles. Legislation aimed at reducing exhaust emissions has also led to the development of battery-electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Although electric vehicle sales are growing slowly in regional markets, they still represent a small portion of the global internal combustion engine vehicles market. However, projections suggest that electric vehicles will eventually dominate the automotive industry, prompting both existing and new manufacturers to prioritize electric vehicle production.

One significant issue related to the advent of electric vehicles is the change in noise, vibration, and harshness (NVH) properties. Compared to internal combustion engine vehicles, electric vehicles are much quieter due to the absence of noise from gasoline engines and transmission systems. As a result, electric vehicles can move silently without contributing to noise and air pollution. Regulatory bodies, such as the National Highway Traffic Safety Administration (NHTSA) and the European Parliament, have even implemented regulations requiring artificial sounds to be added to electric vehicles to alert pedestrians at low speeds. However, while the overall noise level is lower in electric vehicles, certain ancillary noises that were previously masked by the internal combustion engine become more noticeable. These include whining from the powertrain drive and electric motor, tire and external aerodynamic noises, as well as buzz, squeak, and rattle (BSR) noises. These ancillary noises can affect the driving experience and disrupt the acoustics of sound systems and haptic feedback in the vehicle. Therefore, effective acoustic insulation in electric vehicles is crucial. It not only prevents external noise from entering the passenger cabin but also mitigates noise from internal sources such as the vehicle’s HVAC and electric drive system.

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Market Segmentation

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The market is segmented based on various factors, including material type, application, propulsion type, vehicle type, and region.

Segmentation by Material Type
Foam (Polyurethane, Polypropylene, and Polyethylene)
Fiber (Synthetic Fiber and Natural Fiber)
Pad and Mat
and Others

Segmentation by Application
Passenger Compartment
Rear Compartment
Under the Hood and Battery Pack
Exterior

Segmentation by Propulsion Type
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Hybrid Electric Vehicle

Segmentation by Vehicle Type
Passenger Vehicle (Compact Passenger Vehicle, Midsize Passenger Vehicle, and Full-Size Passenger Vehicle)
Commercial Vehicle (Light Commercial Vehicle, Heavy Trucks, and Heavy Buses)

Segmentation by Region
North America: U.S., Canada, and Mexico
Europe: Germany, France, Sweden, Rest-of-Europe
U.K.
China
Asia-Pacific: Japan, South Korea, India, Rest-of-Asia-Pacific
Rest-of-the-World

The market for acoustic and thermal insulation in electric vehicles encompasses various materials, including foams, fibers, pads, tapes, aerogel, and sprays. Continuous research and development efforts have led to the utilization of different types of materials for electric vehicle insulation. Foams, such as polyurethane, polypropylene, and polyethylene, are commonly used due to their unique properties. Fibers can be either synthetic or natural, while pads and mats are typically made from nitrile rubber (NBR) and butyl components. Other materials like tapes, aerogel, and sprays also find application in electric vehicle insulation.

In terms of applications, electric vehicle insulation is categorized into four main parts: the passenger compartment, rear compartment, under the hood and battery pack, and exterior. Currently, the passenger compartment segment offers significant opportunities for insulation materials. This is due to the various areas within the cabin that require insulation, such as door panels, floor, roof, seats, and dashboard. The quantity of insulation material needed for the passenger compartment is relatively high, varying based on the vehicle type and model.

The global market for acoustic and thermal insulation in electric vehicles includes three major types of electric vehicles: hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). These vehicle types exist in both passenger cars and commercial vehicles.

The market for electric vehicle insulation is further segmented into passenger vehicles and commercial vehicles based on their applications. Passenger vehicles include compact, midsize, and full-size cars, while commercial vehicles include light electric vehicles, heavy buses, and heavy trucks. The production and sales of passenger electric vehicles are expected to exceed those of commercial electric vehicles due to factors such as cost efficiency, government subsidies, and increasing adoption among consumers.

The Asia-Pacific region has emerged as a major revenue generator in the global acoustic and thermal insulation market for electric vehicles. This is primarily driven by the widespread adoption of electric vehicles in the region. The presence of prominent vehicle manufacturers and government initiatives promoting affordable EV models through subsidies further contribute to the growth of the market in this region.

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Competitive Landscape

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In the acoustic and thermal insulation market for electric vehicles, the competitive landscape is characterized by various strategies implemented by key players throughout the value chain in order to establish a strong market presence. Major manufacturers of insulation materials for electric vehicles adopt strategies such as introducing new products, expanding their business operations, engaging in mergers and acquisitions, forming partnerships, and collaborating with other entities. The companies featured in the report have been carefully selected based on thorough interviews with experts, gathering information regarding their product portfolios, annual revenues, market penetration, research and development activities, as well as their domestic and international presence in the market for acoustic and thermal insulation materials in electric vehicles.

Key companies profiled in this report include ADDEV Materials, Adler Pelzer Holding GmbH, Armacell International S.A., Autoneum, CYG Tefa, INOAC Corporation, Morgan Advanced Materials plc, Pritex Limited, Shanghai Xinan Automobile Sound-Insulation Felt Co., Ltd., Sika Automotive AG, Sumitomo Riko Company Limited, Tecman Speciality Materials Ltd, Toyota Boshoku Corporation, Unifrax, Zotefoams plc.

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Key Questions Answered

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What are the primary drivers and challenges faced by participants in the market for acoustic and thermal insulation in electric vehicles?

How does the supply chain operate in the market for acoustic and thermal insulation in electric vehicles?

Which material type segment is projected to experience the highest growth in the market for acoustic and thermal insulation in electric vehicles between 2021 and 2031?

Which application areas have shown significant demand for different acoustic and thermal insulation materials during the forecast period of 2021-2031?

Which companies are meeting the demand for various acoustic and thermal insulation materials?

What strategies are adopted by market players involved in the market for acoustic and thermal insulation in electric vehicles?

What are the key offerings provided by prominent companies in the market for acoustic and thermal insulation in electric vehicles?

Which regions and countries are leading in terms of the consumption of acoustic and thermal insulation in electric vehicles, and which ones are expected to experience high demand growth between 2021 and 2031?

How will the market landscape for insulation material manufacturers in electric vehicles develop?

What are the consumption patterns of acoustic and thermal insulation materials across different types of electric vehicles during the period of 2021-2031?

What has been the impact of COVID-19 on the market for acoustic and thermal insulation in electric vehicles?