Seattle, WA -- (SBWIRE) -- 12/10/2019 -- Stratagem Market Insights latest report on Global Constrained Layer Damping (CLD) market offers a detailed evaluation of the global industry by analysing market dynamic factors including the drivers, challenges and trends in upcoming years.The report discusses the Market structure, size of the Market , revenue and volume, and finally forecasts values. The report provides key statistics on the market status of the Global Constrained Layer Damping (CLD) and is a valuable source of direction and guidance for companies and individuals interested in the industry.The report classifies the market into different segments based on application, technique and end-user. These segments are studied in detail incorporating the market estimates and forecasts at regional and country level. The segment analysis is useful in understanding the growth areas and credible opportunities of the market.
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The study draws a forecast of the growth of the Constrained Layer Damping (CLD) market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
Constrained Layer Damping (CLD) is a system used for the suppression of vibrations in automotive and marine applications. The rampant growth of the automotive and construction sectors coupled with the rising demand for lightweight vehicles in order to increase the fuel efficiency of vehicles are increasing the demand for damping systems. Increasing demand for premium interiors in emerging economies such as India, China, and ASEAN countries is augmenting growth of the CLD market. Also, the several consumers are increasingly inclined towards integrating premium grade interiors in non-premium cars, to enhance the aesthetic appeal of the interiors and improve comfort. Due to this, several automobile companies are increasingly adopting constrained layer damping systems to offer aesthetically appealing products of lower quality, made from plastic from companies such as GM & Daimler Chrysler underdevelopments which include dash panels, roof panels, floor panels, floor pans & trunk floors.
Market Dynamics :
North America is projected to hold the dominant position in global constrained layer damping market, followed by Europe and Asia Pacific over the forecast period. The growth of this market is driven by increasing demand for lightweight acoustic materials to improve vehicle performance, rampant growth in automotive sales, and growing consumer preference for premium materials in automotive interiors. Increasing demand for economical and long-lasting vehicles due to rising fuel prices in North America. According to Energy Information Administration (EIA) the gas prices is expected to average $1.19 per litre over the year (2018) which is highest since 2014. Thus, manufacturers are increasingly focusing on reducing the overall weight of vehicles by incorporating CLDs. This in turn, is boosting growth of the constrained layer damping market. High cost benefits associated with rapid adoption of such materials for both suppliers and buyers is expected to positively impact the economic growth of the CLD market during the forecast period.
Key features of the study:
This report provides in-depth analysis of the constrained layer damping market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global constrained layer damping market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study include Avery Dennison Corporation, American Acoustical Products, Polymer Technology Inc. Soundown Corporation, Heathcote Industrial Plastics, Vibracoustic Gmbh, Megasorber Pty Ltd, and 3M among others
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology upgrade, market expansion, and marketing tactics
The global constrained layer damping market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the constrained layer damping market
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Detailed Segmentation:
Global Constrained Layer Damping Market, By Viscoelastic Material:
Butyl
Polyurethane
Vinyl
Others
Global Constrained Layer Damping Market, By Product Type:
Steel
Aluminum
Non-metallic
Others
Global Constrained Layer Damping Market, By End-use Industry:
Automotive
Construction
Marine
Aerospace
Appliances
Others
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