The Global Viscoelastic Dampers Market was valued at USD 2.5 billion in 2023 and is projected to grow at a CAGR exceeding 10% from 2024 to 2032. The demand for viscoelastic dampers (VEDs) is being propelled by rapid urbanization and infrastructure development, particularly in emerging economies. As high-rise buildings, bridges, and other infrastructure projects come to life, there is an increasing reliance on advanced damping systems to uphold structural stability.
For example, in June 2023, MAURER, in partnership with Getzner Werkstoffe GmbH, unveiled the innovative SIP-V-bearing. This cutting-edge component employs four SIP-V units to shield the building's sensitive core from diverse challenges, including high-frequency vibrations and seismic events. To counteract potential tilting of the slender building core, MAURER strategically installed four hydraulic dampers on the top floor.
The overall industry is bifurcated into material type, application, end-use industry, and region.
The market is segmented by application into building and construction, bridges and infrastructures, industrial machinery, automotive, and more. Notably, the bridges and infrastructures segment is the fastest growing, boasting a CAGR of over 13% from 2024 to 2032. Regions prone to earthquakes are increasingly prioritizing the seismic resilience of bridges and vital infrastructure. Viscoelastic dampers are instrumental in this endeavor, as they absorb and dissipate energy from seismic waves, minimizing structural damage and enhancing safety.
Material-wise, the viscoelastic dampers market is divided into rubber-based and polymer-based dampers. The polymer-based segment led the market in 2023 and is on track to surpass USD 4 billion by 2032. Advancements in polymer science are paving the way for next-gen materials with exceptional damping properties. These innovative polymers not only boast enhanced durability and temperature stability but also show heightened effectiveness in vibration damping. Consequently, their applicability is expanding across sectors like automotive, aerospace, and industrial domains.
North America is witnessing an unparalleled surge in the viscoelastic dampers market, with projections of reaching USD 2 billion by 2032. The region's vigorous construction sector, combined with stringent building codes aimed at bolstering seismic resilience, is driving the uptake of viscoelastic dampers. Furthermore, the U.S. government's emphasis on disaster resilience and modernizing infrastructure is significantly fueling the market' growth.
Table of Contents
Chapter 1 Methodology & Scope
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360¨¬ synopsis, 2024 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2024-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing infrastructure development
3.7.1.2 Continuous advancements in damping technology
3.7.1.3 Growing concerns about seismic risks
3.7.1.4 Ongoing advancements in materials and engineering techniques
3.7.1.5 Rise in automotive sector
3.7.2 Industry pitfalls and challenges
3.7.2.1 Engineering complexity and maintenance requirement
3.7.2.2 Cost considerations
3.8 Growth potential analysis
3.9 Porter's analysis
3.9.1 Supplier power
3.9.2 Buyer power
3.9.3 Threat of new entrants
3.9.4 Threat of substitutes
3.9.5 Industry rivalry
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Material Type, 2021 - 2032 (USD Million)
5.1 Key trends
5.2 Rubber-based viscoelastic dampers
5.3 Polymer-based viscoelastic dampers
Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)
6.1 Key trends
6.2 Building and construction
6.2.1 Seismic dampers
6.2.2 Wind dampers
6.2.3 Vibration control dampers
6.3 Bridges and infrastructures
6.3.1 Expansion joints
6.3.2 Bearing dampers
6.4 Industrial machinery
6.4.1 Machinery mounts
6.4.2 Equipment vibration control
6.5 Automotive
6.5.1 Engine mounts
6.5.2 Suspension systems
6.5.3 Noise and vibration control
6.6 Others
Chapter 7 Market Estimates and Forecast, By End-Use Industry, 2021 - 2032 (USD Million)
7.1 Key trends
7.2 Construction and infrastructure
7.3 Automotive
7.4 Aerospace and defense
7.5 Manufacturing and machinery
7.6 Energy and power
7.7 Others
Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)