Automotive Interior Materials Market By Type (Plastics, Metals, Fabric, Leather, Composites, Others), By Vehicle Type (PV, LCV, HCV), By Application (Dashboard, Door Panel, Seats, Floor Carpets, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global automotive interior materials market was valued at $55 billion in 2020 and is projected to reach $80.2 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030.
Automotive interior materials are utilized for overall weight reduction of vehicles to optimize fuel efficiency. Composites and modern plastics offer excellent stiffness, and strength. Moreover, these materials offer extended vehicle durability, longevity, enhanced acoustics, optimum comfort, low emissions, and improved overall vehicle performance. Furthermore, they offer luxurious, natural leather feel for seats, trims, and steering wheels. The automotive interior materials are widely used in dashboards, door panel, seats, steering wheels, and floor carpet. Furthermore, companies offer automotive interior materials which are utilized in the automotive molding industry. These are used for manufacturing tire molds and molding and surface design for car interiors.
Increase in plastics consumption in automotive production and surge in consumer demand for lightweight vehicles across the globe boost the demand for automotive interior materials. In addition, technological development in passenger cars, rise in vehicle customization activities, increase in demand for aesthetically appealing interiors in vehicles, and surge in demand for low-emission materials propel the market growth. Furthermore, increase in adoption of green technology in automotive leather manufacturing is anticipated to create lucrative growth opportunities for the automotive interior materials market. However, rise in price fluctuations of raw materials restrains the market growth.
The automotive interior materials market is segmented on the basis of material, vehicle type, application, and region.
On the basis of material, the market is segmented into plastics, composites, fabrics, leather, and others. Depending on vehicle type, it is classified into passenger cars, light commercial vehicle, heavy commercial vehicle, and others. As per the application, it is segmented into dashboards, door panel, seats, steering wheels, floor carpet, and others. Plastics segment is projected to be the dominating segment during the forecast period, owing to to its excellent mechanical properties and aesthetical appearance. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2020, and is expected to maintain its dominance during the forecast period. There is increase in adoption of automotive interior materials products in the region, owing to rise in urbanization, surge in economic development, and growth in automotive sector in China, India, Japan, South Korea, and Thailand, which, in turn, boost the growth of the automotive interior materials market.
The key players profiled in the report include 3M, ARKEMA Group, BASF SE, Covestro AG, Dow, Evonik Industries AG, HEXCEL CORPORATION, HUNTSMAN INTERNATIONAL LLC, STAHL HOLDINGS B.V., and WACKER CHEMIE AG.
The other companies operating in the Bayerische Motoren Werke AG, Celanese Corporation, Delphi Automotive Plc. Grammer AG, Grupo Antolin-Irausa SA, Technical Textile Services Ltd., Toyota Boshoku Corporation, Toyoda Gosei Co., Ltd., and ZF Friedrichshafen AG others compete for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for automotive interior materials market during the forecast period. For instance, in December 2021, Dow launched LUXSENSE Silicone Synthetic Leather to meet specifications in transportation seating & interiors. The company introduced an alternative synthetic leather solution that delivers comfort, health, and luxury while offering enhanced sustainability.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive interior materials market analysis from 2020 to 2030 to identify the prevailing automotive interior materials market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive interior materials market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive interior materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Composites
Others
Plastics
Metals
Fabric
Leather
By Vehicle Type
PV
LCV
HCV
By Application
Dashboard
Door Panel
Seats
Floor Carpets
Others
By Region
North America
U.S.
Canada
Mexico
Europe
United Kingdom
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest Of Asia Pacific
LAMEA
South Africa,
Brazil
Rest of LAMEA
Key Market Players
BASF SE
BENECKE-KALIKO AG
BORGERS SE & CO. KGAA
THE DOW CHEMICAL COMPANY
DK-SCHWEIZER CO.
EAGLE OTTAWA LLC
E.I. DU PONT DE NEMOURS & CO.
FAURECIA AUTOMOTIVE GMBH
JOHNSON CONTROLS, INC.
KATZKIN LEATHER, INC.
LEAR CORPORATION
SAGE AUTOMOTIVE INTERIORS, INC.
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