Global Viscoelastic Damper Market Overview
As per MRFR analysis, the Viscoelastic Damper Market Size was estimated at 2.63 (USD Billion) in 2022. The Viscoelastic Damper Market Industry is expected to grow from 2.84(USD Billion) in 2023 to 5.6 (USD Billion) by 2032. The Viscoelastic Damper Market CAGR (growth rate) is expected to be around 7.84% during the forecast period (2024 - 2032).
Key Viscoelastic Damper Market Trends Highlighted
The Viscoelastic Damper Market is experiencing advancements in materials and designs, with a shift towards eco-friendly and customizable solutions. Industry 4.0 technologies, such as sensors and smart control systems, are enhancing the functionality and efficiency of these dampers. The growing adoption of viscoelastic dampers in construction, automotive, and transportation applications is driven by the need for vibration isolation, soundproofing, and structural integrity.
Recent trends include the development of temperature-resistant and self-healing viscoelastic materials, improving performance under extreme conditions. The incorporation of AI and machine learning algorithms in damper design optimizes vibration control and enhances system performance. The demand for viscoelastic dampers in wearable devices and medical equipment is on the rise due to their ability to absorb impact and reduce noise and vibrations.
Opportunities for market expansion lie in the exploration of novel applications in industries such as aerospace, marine, and energy. The increasing emphasis on sustainability and energy efficiency creates growth potential for eco-friendly viscoelastic dampers made from renewable or recycled materials. Additionally, the integration of viscoelastic dampers with other vibration control technologies, such as tuned mass dampers, presents opportunities for innovative solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Viscoelastic Damper Market Drivers
Increasing Demand for Viscoelastic Dampers in Construction
The construction industry mainly drives the viscoelastic damper market. These dampers are used in various construction applications like vibration control, seismic protection, and reducing noise continuously. The demand for viscoelastic dampers in the construction sector is increasing due to various factors. Some of them are the people’s interests in controlling the vibrations, increase in the number of constructions in quake-prone areas, and the enhancement of building codes. The Viscoelastic Damper Market Industry is presumed to escalate remarkably in the future because of the increasing demand for viscoelastic dampers in construction.
Growing Adoption of Viscoelastic Dampers in Automotive Applications
The automotive industry is another major driver of the viscoelastic damper market. Viscoelastic dampers are used in automotive applications to control vibration and noise. The growing adoption of viscoelastic dampers in automotive applications is due to several factors, including the increasing demand for comfort and safety, the rising popularity of electric vehicles, and the growing adoption of advanced driver assistance systems (ADAS). The Viscoelastic Damper Market Industry is expected to grow significantly in the coming years, driven by the growing adoption of viscoelastic dampers in automotive applications.
Technological Advancements in Viscoelastic Damper Design and Manufacturing
Technological advancement is one of the major driving forces of the growth of the viscoelastic damper market. The advancement in the design and manufacturing of the viscoelastic damper has significantly increased the efficiency and effectiveness of the damper. Also, the cost of the damper has significantly decreased, making viscoelastic dampers available to a wide number of applications. The Viscoelastic Damper Market Industry is anticipated to grow significantly in the future years, influenced by technological advancements in the manufacture and design of viscoelastic dampers.
Viscoelastic Damper Market Segment Insights
Viscoelastic Damper Market Application In Buildings Insights
The Viscoelastic Damper Market Segmentation By Application Buildings provides you with information on the application of viscoelastic dampers in different types of buildings. Residences: The demand for viscoelastic dampers in residential buildings is increasing due to the vibrations caused by earthquakes, wind pressure, and human activities. This segment’s demand is driven by the increasing number of multi-story residential buildings located in the high seismic regions. The viscoelastic damper market size in such a segment will be over USD 1.4 billion by 2024, with an 8.2% CAGR.Commercial Buildings: Office blocks, shopping centers, and hospitals, as well as other types of commercial buildings, are characterized by the presence of viscoelastic dampers. With the applicability, this segment is driven by the increasing number of large shopping centers and other types of multi-story commercial buildings in developing countries. The growth will result in the viscoelastic dampers market size of USD 1.8 billion by 2024, with a 7.9% CAGR. Industrial Buildings: Factories, warehouses, and power plants the types of industrial buildings are characterized by the increasing demand for viscoelastic dampers.This demand is driven by the increasing emphasis on vibration control in such applications to ensure that equipment and personnel are safe from vibrations caused by heavy machinery and technological processes. The market will value over USD 0.9 billion by 2024 with a 7.5% CAGR. Public Infrastructure: Roads and bridges, stadiums, and airports, along with other public projects, are the types of public projects that are subject to the demand for viscoelastic dampers used to protect the buildings and structures from vibrations caused by the traffic, wind pressure, and seismic activity, as well as other types of impact.The viscoelastic damper market size in the segment above will reach over USD 0.5 billion by 2024 with an 8.7% CAGR. Other Building Applications: Churches, schools, and museums, as well as other types of structures, are characterized by being the first source of demand for viscoelastic dampers as the products are designed to significantly reduce the level of vibration and ensure that structural safety is met. The size of the market in this segment will reach over USD 0.3 billion by 2024 with a 7.3% CAGR.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Viscoelastic Damper Market Application In Transportation Insights
The application of viscoelastic dampers in the transportation sector is poised for substantial growth, driven by increasing demand for vibration control and improved passenger comfort. In 2023, the automotive segment held a dominant share of the Viscoelastic Damper Market revenue, valued at 1.23 USD Billion. This dominance is attributed to the rising production of passenger vehicles and the adoption of viscoelastic dampers to enhance ride quality and reduce noise and vibration.
The railway segment is expected to witness significant growth in the coming years, reaching an estimated market value of 0.63 USD Billion by 2032. This growth is driven by increasing investments in railway infrastructure and the need to improve passenger safety and comfort. Viscoelastic dampers play a crucial role in reducing vibrations caused by track irregularities and ensuring a smoother ride. The marine segment is another promising application area for viscoelastic dampers, with a projected market size of 0.48 USD Billion by 2032. The growing demand for larger and more efficient ships, coupled with the need to reduce noise and vibration levels, is fueling the adoption of viscoelastic dampers in this segment.The aerospace segment is also witnessing increased demand for viscoelastic dampers, owing to their ability to mitigate vibrations and improve aircraft stability. With the rising production of commercial and military aircraft, the market for viscoelastic dampers in the aerospace industry is set to expand in the coming years.
Viscoelastic Damper Market Application In Industrial Equipment Insights
The Viscoelastic Damper Market revenue for Application In Industrial Equipment segment is poised to witness steady growth in the coming years. The increasing demand for viscoelastic dampers in industrial machinery, robotics, and medical equipment is driving the growth of this segment. Machine tools, which utilize viscoelastic dampers to reduce vibrations and improve precision, are expected to account for a significant portion of the market. Robotics applications, such as collaborative robots and autonomous mobile robots, are also contributing to the growth of the segment.Viscoelastic dampers in medical equipment, such as MRI machines and surgical robots, help to reduce noise and vibrations, enhancing patient comfort and safety. Additionally, the segment is expected to benefit from rising demand for viscoelastic dampers in electrical equipment and other industrial applications, where they play a crucial role in mitigating vibrations and shock.
Viscoelastic Damper Market Regional Insights
Regionally, North America dominated the market in 2023 and is expected to maintain its lead throughout the forecast period. Europe is expected to follow North America, with a significant market share. The Asia Pacific region is projected to witness the highest growth rate, driven by increasing construction activities and growing awareness of seismic protection measures. South America and MEA are expected to contribute a smaller share of the overall market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Viscoelastic Damper Market Key Players And Competitive Insights
Constant efforts deployed by major players in the Viscoelastic Damper Market to retain their prominence as leading market participants are distinguished by strategic alliances and collaborations in the market. Leading players in the Viscoelastic Damper Market invest significantly in the research and development of their products to present advanced viscoelastic dampers with improved efficiency to address the changing needs of end-user industries. Such companies primarily focus on developing innovative solutions to gain a competitive advantage in the market, and they engage in strengthening partnerships with distributors and suppliers to ensure a stable supply chain. The competitive development of the Viscoelastic Damper Market finds its balance between technological advancements, cost-competitiveness, and compliance with industry standards.
LORD Corporation is one of the prominent participants in the Viscoelastic Damper Market and is renowned for its wide product portfolio and extensive application expertise. The viscoelastic dampers developed by LORD Corporation are aimed to deliver superior vibration isolation and damping performance, meeting specific needs of such industries as aerospace, defense, and automotive Lord Corporation n.d. The company predominantly focuses on customer-centered solutions and on cooperation with OEMs to deliver products tailored to specific needs. To benefit from innovation and technological advancement, LORD Corporation remains one of the Viscoelastic Damper Market frontrunners.
3M is another major participant in the Viscoelastic Damper Market, with a strong focus on materials science as the foundation of the quality and performance of its viscoelastic dampers. The 3M viscoelastic dampers offer premium levels of durability and longevity of performance to find their extensive applications in such industries as transportation, construction, or production manufacturing in which vibration isolation and noise reduction are imperative. Given the emphasis on research and development, 3M can ensure the fine-tuning of its viscoelastic dampers to meet the ever-changing needs of the Viscoelastic Damper Market.
Key Companies in the Viscoelastic Damper Market Include
- NISSHO ELECTRONICS CORPORATION
- BOSE CORPORATION
- IEL GROUP
- RUBBERFAB TECHNOLOGIES GROUP
- SIMPSON GUMPERTZ HEGER INC
- MITSUBISHI ELECTRIC CORPORATIONS
- TAYLOR DEVICES, INC.
- LUBRIZOL CORPORATION
- SAINTGOBAIN PERFORMANCE PLASTICS
- NORE METALS INC
- FLOREVIA SAS
- PORCHER INDUSTRIES
- LORD CORPORATION
- 3M COMPANY
- TRIPODS TECHNOLOGY CO., LTD
Viscoelastic Damper Market Industry Developments
The Viscoelastic Damper Market is projected to grow from USD 2.84 billion in 2023 to USD 5.6 billion by 2032, exhibiting a CAGR of 7.84% during the forecast period. The market growth is primarily driven by the increasing adoption of viscoelastic dampers in various construction projects to mitigate the effects of earthquakes and other dynamic loads. Inoltre, government regulations mandating the use of seismic isolation systems in earthquake-prone areas are further fueling market growth.Recent news developments in the viscoelastic damper market include the launch of new products with enhanced performance and durability. For instance, in 2023, Trelleborg launched a new range of viscoelastic dampers designed to provide superior vibration isolation and energy dissipation in demanding applications. Inoltre, key players are focusing on strategic partnerships and collaborations to expand their market reach and enhance their product portfolio.
Viscoelastic Damper Market Segmentation Insights
- Viscoelastic Damper Market Application In Buildings Outlook
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
- Public Infrastructure
- Other Building Applications
- Viscoelastic Damper Market Application In Transportation Outlook
- Automotive
- Railway
- Marine
- Aerospace
- Viscoelastic Damper Market Application In Industrial Equipment Outlook
- Machine Tools
- Robotics
- Medical Equipment
- Electrical Equipment
- Other Industrial Applications
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.63(USD Billion) |
| Market Size 2023 |
2.84(USD Billion) |
| Market Size 2032 |
5.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.84% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
NISSHO ELECTRONICS CORPORATION, BOSE CORPORATION, IEL GROUP, RUBBERFAB TECHNOLOGIES GROUP, SIMPSON GUMPERTZÂ HEGER INC, MITSUBISHI ELECTRIC CORPORATIONS, TAYLOR DEVICES, INC., LUBRIZOL CORPORATION, SAINT-GOBAIN PERFORMANCE PLASTICS, NORE METALS INC, FLOREVIA SAS, PORCHER INDUSTRIES, LORD CORPORATION, 3M COMPANY, TRIPODS TECHNOLOGY CO., LTD |
| Segments Covered |
Application In Buildings, Application In Transportation, Application In Industrial Equipment, Regional |
| Key Market Opportunities |
Advanced construction techniques Infrastructure resilience Seismic retrofits Growing urbanization Renewable energy integration |
| Key Market Dynamics |
Increasing infrastructure developments, growing awareness of seismic safety, rising demand for efficient building advancements in damper technology, government initiatives |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Viscoelastic Damper Market is expected to reach a valuation of around 2.84 billion USD in 2023.
The Viscoelastic Damper Market is projected to grow at a CAGR of approximately 7.84% from 2024 to 2032.
The Asia-Pacific region is expected to dominate the Viscoelastic Damper Market in 2023, owing to the increasing demand for infrastructure development and seismic protection.
Viscoelastic Dampers are primarily used in the construction industry for vibration control, seismic protection, and structural strengthening.
Some of the major competitors in the Viscoelastic Damper Market include 3M, Lord Corporation, Taylor Devices, and Kinemetrics.
The Viscoelastic Damper Market is expected to reach a valuation of around 5.6 billion USD by 2032.
Key growth drivers of the Viscoelastic Damper Market include rising concerns about seismic activity, increasing urbanization, and growing demand for sustainable building materials.
Challenges faced by the Viscoelastic Damper Market include high production costs, stringent regulations, and competition from alternative vibration control technologies.
Emerging trends in the Viscoelastic Damper Market include the development of smart dampers, the use of recycled materials, and the integration of IoT technologies.
Government regulations, particularly building codes and seismic safety standards play a significant role in driving the demand for Viscoelastic Dampers.
