- Thermal interface materials
- Ceramic
- Foamed plastics
- Others
Acoustic and thermal insulation for electric vehicles market was valued at USD 1,705.8 million in 2023 and is projected to grow at 23.7% CAGR from 2024 – 2030. Thermal insulation restricts heat transfer, whereas acoustic insulation restricts sound transfer, the combined product is thermal acoustic insulation, which is effective in both reducing heat and noise transfer. Whereas electrical insulation prevents electrical short circuits between different components of a car's battery. The key driving factors of the acoustic and thermal insulation market for the electric vehicles market are energy efficiency and range optimization, the need for thermal insulation in EV batteries to maintain chemical reactions, increasing requirement for clean mobility & transportation solutions.
However, the challenges that are hampering the growth of the market are the lack of standard global regulations for EV insulating material quality, maintaining optimal weight and space for insulating material, lack of charging infrastructure for EVs and higher cost of EVs. The developments in material technology and ecological benefits of better sustainable insulation materials are giving growing opportunities for the forecast years. Additionally, there is increase in demand for luxury EVs, which will fulfill the need of passenger comfort. The strategies have been developed to make it more accessible to customers, because the affordability rate of the battery of EVs is comparatively higher than fuel. However, recent developments include the launch of lightweight and eco- friendly insulation materials and also Nosie cancellation system.
Acoustic and Thermal Insulation for Electric Vehicles Market Key Developments
- In July 2019, Autoneum launched , multifunctional Wheelhouse which reduces the tire noise and makes vehicles quieter and lightweight.
Acoustic and Thermal Insulation for Electric Vehicles Market Summary
Study Period
2024-2030Base Year
2023CAGR
23.7%Largest Market
North AmericaFastest Growing Market
Asia PacificAcoustic and Thermal Insulation for Electric Vehicles Market Dynamics
Due to growing concerns about pollution and climate change, people are shifting from using fossil fuels to renewable alternatives. Furthermore, governments across several nations are implementing more stringent policies about pollution. India enacted stricter pollution regulations in 2020, which increased the cost and pollution of diesel and petrol engines and increased the use of electric cars (EVs). Even with more sophisticated and costly engines, electric vehicles (EVs) emit no greenhouse emissions or air pollution when compared to petrol or diesel vehicles. The interior segment is expected to hold the largest share in the acoustic and thermal insulation market for electric vehicles market in 2023. However, exterior segment is also expected to grow significantly in coming forecast years. The growing demand for low noise and comfortable driving experience is the major growth segment.
North-America Got Significant Share
Acoustic and Thermal Insulation for Electric Vehicles Market Regional Analysis
Based on region analysis, the Acoustic and thermal insulation market for electric market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America market is significantly growing due to presence of major manufacturers, government facilities for electric vehicles and, huge consumer demand for electric vehicles across the USA and Canada. Asia Pacific market is expected grow at fastest growth rate over the forecast years due to rapid growth of electric vehicles adoption in China, Japan, and India due to government subsidies on electric vehicles. Moreover, rise in disposable income, low cost for electricity, and technological advancements in the EVs are positively impact the growth of market
Latin America
Europe
Asia Pacific
Middle East
North America
Acoustic and Thermal Insulation for Electric Vehicles Market Segmentation
By Product Type
By Insulation Type
- Thermal insulation
- Acoustic insulation
- Durability
- Weight
By Application
- Battery Pack
- Exterior
- Interior
- Others
By Market Vehicle Type
- Passenger cars
- Commercial vehicles
- Two wheelers
Frequently Asked Questions
The global acoustic and thermal insulation market for electric vehicles market was valued at USD 1,705.8 million in 2023 and is projected to grow at 23.7% CAGR over the forecast years 2024 – 2030
North America region is expected to dominate the global acoustic and thermal insulation market for electric vehicles market.
The key competitors in the Acoustic and Thermal Insulation Market for Electric Vehicles Market are BASF SE , Armacell, Saint- Gobain, Unifrax.
The key trends in the acoustic and thermal insulation market for electric vehicles market include adoption of advanced materials, usage of nanomaterials and development of integrated insulation solutions.
The COVID-19 had a short-term negative impact on the acoustic and thermal insulation market for electric vehicles market, due to break in the supply chain and decline in vehicle usage and production.
Key Features of the Report
- The acoustic and thermal insulation for electric vehicles market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Acoustic and Thermal Insulation for Electric Vehicles Market Introduction |
| 2.1.Global Acoustic and Thermal Insulation for Electric Vehicles Market - Taxonomy |
| 2.2.Global Acoustic and Thermal Insulation for Electric Vehicles Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Insulation Type |
| 2.2.3.Application |
| 2.2.4.Market Vehicle Type |
| 2.2.5.Region |
| 3.Global Acoustic and Thermal Insulation for Electric Vehicles Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Acoustic and Thermal Insulation for Electric Vehicles Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Acoustic and Thermal Insulation for Electric Vehicles Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Thermal interface materials |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Ceramic |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Foamed plastics |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Acoustic and Thermal Insulation for Electric Vehicles Market By Insulation Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Thermal insulation |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Acoustic insulation |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Durability |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Weight |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Acoustic and Thermal Insulation for Electric Vehicles Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Battery Pack |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Exterior |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Interior |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Acoustic and Thermal Insulation for Electric Vehicles Market By Market Vehicle Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Passenger cars |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Commercial vehicles |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Two wheelers |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global Acoustic and Thermal Insulation for Electric Vehicles Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Acoustic and Thermal Insulation for Electric Vehicles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Thermal interface materials |
| 10.1.2.Ceramic |
| 10.1.3.Foamed plastics |
| 10.1.4.Others |
| 10.2. Insulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Thermal insulation |
| 10.2.2.Acoustic insulation |
| 10.2.3.Durability |
| 10.2.4.Weight |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Battery Pack |
| 10.3.2.Exterior |
| 10.3.3.Interior |
| 10.3.4.Others |
| 10.4. Market Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Passenger cars |
| 10.4.2.Commercial vehicles |
| 10.4.3.Two wheelers |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Acoustic and Thermal Insulation for Electric Vehicles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Thermal interface materials |
| 11.1.2.Ceramic |
| 11.1.3.Foamed plastics |
| 11.1.4.Others |
| 11.2. Insulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Thermal insulation |
| 11.2.2.Acoustic insulation |
| 11.2.3.Durability |
| 11.2.4.Weight |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Battery Pack |
| 11.3.2.Exterior |
| 11.3.3.Interior |
| 11.3.4.Others |
| 11.4. Market Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Passenger cars |
| 11.4.2.Commercial vehicles |
| 11.4.3.Two wheelers |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Acoustic and Thermal Insulation for Electric Vehicles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Thermal interface materials |
| 12.1.2.Ceramic |
| 12.1.3.Foamed plastics |
| 12.1.4.Others |
| 12.2. Insulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Thermal insulation |
| 12.2.2.Acoustic insulation |
| 12.2.3.Durability |
| 12.2.4.Weight |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Battery Pack |
| 12.3.2.Exterior |
| 12.3.3.Interior |
| 12.3.4.Others |
| 12.4. Market Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Passenger cars |
| 12.4.2.Commercial vehicles |
| 12.4.3.Two wheelers |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Acoustic and Thermal Insulation for Electric Vehicles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Thermal interface materials |
| 13.1.2.Ceramic |
| 13.1.3.Foamed plastics |
| 13.1.4.Others |
| 13.2. Insulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Thermal insulation |
| 13.2.2.Acoustic insulation |
| 13.2.3.Durability |
| 13.2.4.Weight |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Battery Pack |
| 13.3.2.Exterior |
| 13.3.3.Interior |
| 13.3.4.Others |
| 13.4. Market Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Passenger cars |
| 13.4.2.Commercial vehicles |
| 13.4.3.Two wheelers |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Acoustic and Thermal Insulation for Electric Vehicles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Thermal interface materials |
| 14.1.2.Ceramic |
| 14.1.3.Foamed plastics |
| 14.1.4.Others |
| 14.2. Insulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Thermal insulation |
| 14.2.2.Acoustic insulation |
| 14.2.3.Durability |
| 14.2.4.Weight |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Battery Pack |
| 14.3.2.Exterior |
| 14.3.3.Interior |
| 14.3.4.Others |
| 14.4. Market Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Passenger cars |
| 14.4.2.Commercial vehicles |
| 14.4.3.Two wheelers |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Saint-Gobain |
| 15.2.2.Autoneum |
| 15.2.3.Zotefoams plc |
| 15.2.4.DuPont |
| 15.2.5.Unifrax |
| 15.2.6.3M |
| 15.2.7.Morgan Advanced Materials |
| 15.2.8.Alder Pelzer Holding GmbH |
| 15.2.9.Elmelin Ltd. |
| 15.2.10.Pyrophobic Systems Ltd. |
| 15.2.11.Parker Hannifin Corp |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- Saint-Gobain
- Autoneum
- Zotefoams plc
- DuPont
- Unifrax
- 3M
- Morgan Advanced Materials
- Alder Pelzer Holding GmbH
- Elmelin Ltd.
- Pyrophobic Systems Ltd.
- Parker Hannifin Corp