Liquid-Applied Sound Damping Coating Market is Forecasted to Reach US$ 293.1 Million in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global liquid-applied sound damping coating market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2023: US$ 205.2 million

Market Size in 2030: US$ 293.1 million

Growth (CAGR): 5.6% during 2024-2030

Leading Product Type: Water-Based Coating

Leading Industry Type: Automotive

Leading Region: Asia-Pacific

Forecast Period: 2024-2030

Trend Period: 2018-2012

Base Year: 2023

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Liquid-Applied Sound Damping Coating Market:

The global liquid-applied sound damping coating market is segmented based on product type, industry type, and region.

Based on product type – The liquid-applied sound damping coating market is segmented into Water-Based Coating and Solvent-Free Coating. Water-based coating is expected to remain the dominant product type in the market during the forecast period. Water-based coatings rely on water as the primary solvent, significantly reducing volatile organic compound (VOC) emissions. The absence of harmful fumes makes these coatings safer to apply in confined areas, such as vehicle interiors, construction sites, or appliance manufacturing facilities. Water-based coating can be easily applied using spray guns or robotic systems, allowing for precise control and consistent coverage on complex geometries. The global push toward eco-friendly production processes and sustainable materials has positioned water-based LASD coatings as an industry benchmark.

Based on industry type - The market is segmented into Automotive, Construction, Transportation (Railways, Marine, and Aerospace), Electrical, and Others. Automotive is anticipated to remain dominant as well as the fastest-growing industry for LASD coatings during the forecast period. LASD is one of the advanced sound-damping solutions manufacturers adopt as consumers prioritize quieter and more comfortable vehicle cabins, making LASD coatings essential for reducing noise, vibration, and harshness (NVH). Growth in automotive production, especially in emerging markets like India and Southeast Asia, is increasing the demand for cost-effective and high-performance LASD coatings. In addition, the rising production of luxury vehicles with high NVH standards is driving the adoption of LASD coatings. The rapid growth in EV and hybrid vehicle markets globally has driven demand for lightweight, high-performance LASD coatings that meet specific NVH requirements without adding significant weight. EVs require LASD coating because their design, often with thinner metal components to reduce weight, tends to produce more vibrations and noise compared to traditional combustion engine vehicles, making a quieter ride experience crucial for passenger comfort; LASD effectively dampens these vibrations, especially on critical areas like the floor pan, battery tray, and motor mounts. Automakers strive to reduce vehicle weight to improve fuel efficiency in internal combustion engines (ICE) and extend the driving range of EVs. LASD coatings are lightweight compared to traditional sound-damping materials, aligning with these goals.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for LASD coatings during the forecast period. This growth outlook is majorly attributed to the following–

• Asia-Pacific houses some of the world's largest automotive producers, including China, Japan, India, and South Korea. These countries contribute significantly to global vehicle production, driving demand for LASD coatings.
• Asia-Pacific is leading in EV production, particularly in China, which heavily integrates LASD coatings to address NVH (Noise, Vibration, and Harshness) concerns in EVs.
• Countries in the region are experiencing rapid urbanization and infrastructure development, which is increasing the demand for noise-dampening materials in residential, commercial, and industrial construction projects.
• Asia-Pacific is a central manufacturing hub for appliances like washing machines, refrigerators, and HVAC systems, where LASD coatings are used to minimize operational noise. Growing disposable income and urbanization drive demand for quieter and more efficient appliances, supporting the LASD market.

Liquid-Applied Sound Damping Coating Market Drivers:

Some of the key drivers listed in the report are given below.

·      The rising demand for quieter vehicles, fueled by consumer expectations for comfort.

·      The increasing adoption of electric vehicles (EVs), has significantly boosted the need for advanced sound-damping solutions.

·      In EVs, LASD coatings are particularly critical, as the absence of engine noise highlights other sources of noise that need to be mitigated.

·      Additionally, stringent regulatory requirements for noise control across industries and increasing construction activities worldwide further augment the demand for LASD coatings.

Top Companies in the Liquid-Applied Sound Damping Coating Market:

Stratview Research has identified the following companies as the top market players:

• Henkel AG
• EMS-EFTEC AG
• Guangdong TGPM Automotive Industry Group Co. Ltd.
• Qingdao Aierjiajia New Materials Co. Ltd.
• Daubert Chemical Company
• PPG Industries, Inc.
• Silent Running (Current Inc.)
• Jiangsu Tong Meng Auto Parts Industry
• Megasorber Pty Ltd.
• Fascton New Materials Ltd.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      Automotive Coatings Market

-      Automotive Specialty Coatings Market

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