Automotive Interior Materials Market

Automotive Interior Materials Market is accounted for USD 27,126 million in 2020, growing at a robust CAGR of 4.2% during forecast period.

Automotive Interior Materials Market Overview

Automotive interior materials refer to objects that are being utilized inside the cabin of an automotive such as metals, plastics, and composites. The cabin section of a vehicle is highly crucial to vehicle weight. Thus, it is essential to make lightweight interior materials to conserve emission levels.

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Major Automotive Interior Materials Market Drivers

The factors driving the global Automotive Interior Materials Market include the growing automotive industry in developing economies, and the increasing focus on the reduction of overall weight of vehicles to increase fuel efficiency. For instance, every 10% reduction in the weight of the vehicle can result into 5 to 8% greater fuel efficiency in terms of the greenhouse effect and the reduction in the vehicle weight by 100 kg will result in the CO2 reduction up to 12.5 g/km. Moreover, rising demand for superior grade interior such as polycarbonates, PU-based soft-touch coatings, semi-rigid foams etc, with increase in the sale of passenger car vehicle has boosted the growth of this market. For instance, according to OICA in 2019 the global sale of passenger vehicle was 63.7 million.

Restraint in the Automotive Interior Materials Market

However, the costs associated with genuine leather is high and also the demand and supply gap has hampered the growth of this market. Additionally, regulations regarding synthetic leather have also hampered the growth of this market. For instance, The Federal Trade Commission has misrepresentations about the composition of certain leather and imitation of leather products.

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Product – Segment Analysis

Based on the Product, Polymer is expected to grow at a higher CAGR rate in the automotive interior materials market during the forecast period owing to increasing demand for lightweight and durable interior component of the vehicle. As polymer is highly durable and lightweight in nature, it is used in manufacturing interior parts such as canter consoles, dashboard, and door panels, etc. Moreover, the regulation regarding the environment to reduce the vehicle overall weight to minimize the carbon emissions has boosted the growth of this segment.

Vehicle Types – Segment Analysis

Based on the Vehicle Types, passenger vehicles are projected to grow at a higher CAGR rate in the automotive interior materials market during the forecast period due to the growing need for comfortable & safe travel and increase in the sale of passenger vehicles. The increasing demand for passenger vehicles in the developing countries has boosted the growth of this segment. For instance, the global sale for passenger vehicle was accounted for 53.5 million in 2020.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the global automotive interior materials market during the forecast period due to the growing automotive industry and the presence of the major player in this region, such as Toyoda Gosei Co., Ltd, Toyota Boshoku Corporation among others in this region has boosted the growth of this region. Moreover, increasing urbanization, growing economic development, the rising spending power of the middle-class populace, and supportive government initiatives have also boosted this market’s growth in this region.

Top Market Players

Various notable players operating in the market, include, 3M, DuPont., TOYODA GOSEI Co., Assan Hanil Otomotiv Sanayi ve Ticaret A.Ş., Borealis AG, Borgers SE & Co. KGaA, Celanese Corporation, TOYOTA BOSHOKU CORPORATION, Lear, Mitsui Chemicals, Inc., among others.

Key Developments:

• In Aug 2021: Continental is supplying all the innovative product such as materials with a convincingly wood-like, natural look & feel without the need to sacrifice a single tree in the making.
• In May 2018, Adient Plc has announced the opening of the fabric plant in Kenitra, Morocco. This plant will be manufacturing the high-quality materials for the automotive seating and other interior applications. Moreover, with this expansion, the company is planning to expand its roots to northern Africa and southern Europe.

Segments covered in the Report:

The global Automotive Interior Materials Market has been segmented on the basis of Product, Vehicle Types, and regions. Based on Product, the market is segmented into Fabric, Synthetic Leather, Polymers, Genuine Leather and Others. Based on Vehicle Types, the market is segmented into Passenger Vehicles, LMV and HCV.

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Market Segmentation

Global Automotive Interior Materials Market by Product

• • Fabric
  • Synthetic Leather
  • Polymers
  • Genuine Leather
  • Others

Global Automotive Interior Materials Market by Vehicle Types

• • Passenger Vehicles
  • LMV
  • HCV

Global Automotive Interior Materials Market by Region

• • North America Automotive Interior Materials Market (Option 1: As a part of the free 25% customization)

    • North America Automotive Interior Materials Market by Product
    • North America Automotive Interior Materials Market by Vehicle Types
    • US Automotive Interior Materials Market All-Up
    • Canada Automotive Interior Materials Market All-Up

  • Europe Automotive Interior Materials Market (Option 2: As a part of the free 25% customization)

    • Europe Automotive Interior Materials Market by Product
    • Europe Automotive Interior Materials Market by Vehicle Types
    • UK Automotive Interior Materials Market All-Up
    • Germany Automotive Interior Materials Market All-Up
    • France Automotive Interior Materials Market All-Up
    • Spain Automotive Interior Materials Market All-Up
    • Rest of Europe Automotive Interior Materials Market All-Up

  • Asia-Pacific Automotive Interior Materials Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Automotive Interior Materials Market by Product
    • Asia-Pacific Automotive Interior Materials Market by Vehicle Types
    • China Automotive Interior Materials Market All-Up
    • India Automotive Interior Materials Market All-Up
    • Japan Automotive Interior Materials Market All-Up
    • Rest of APAC Automotive Interior Materials Market All-Up

  • RoW Automotive Interior Materials Market (Option 4: As a part of the free 25% customization)

    • RoW Automotive Interior Materials Market by Product
    • RoW Automotive Interior Materials Market by Vehicle Types
    • Brazil Automotive Interior Materials Market All-Up
    • South Africa Automotive Interior Materials Market All-Up
    • Saudi Arabia Automotive Interior Materials Market All-Up
    • UAE Automotive Interior Materials Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Interior Materials Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • DuPont.
  • TOYODA GOSEI Co.
  • Assan Hanil Otomotiv Sanayi ve Ticaret A.Ş.
  • Borealis AG
  • Borgers SE & Co. KGaA
  • Celanese Corporation
  • TOYOTA BOSHOKU CORPORATION
  • Lear
  • Mitsui Chemicals, Inc.