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Automotive Interior Materials Market Size to Reach USD 66.38 Billion by 2026; Rise in Adoption of Bioplastics will Add Impetus to Market

March 27, 2020 | Chemicals & Materials

The global automotive interior materials market size is anticipated to reach USD 66.38 billion by2026, owing to the increasing number of automobile production and ownership worldwide. Automotive interior materials consist of wood, fabric, plastic, rubber, and others that meets certain industry standards such as fire protection, and others. More information is provided in a recently published report by Fortune Business Insights™ titled, “Automotive Interior Materials Market Size, Share & Industry Analysis, By Material (Plastics, Fabrics, Composites, Leather {Synthetic and Natural}, and Others), By Application (Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and headliners, and Others), and Regional Forecast, 2019-2026.” According to this report, the market was USD 51.09 billion in 2018 and is anticipated to exhibit a CAGR of 3.84 % within the forecast period of 2019 and 2026.


DuPont Increased its Facility Capacity for Production of Sorona Polymer for Increasing Global Demand


DuPont Industrial Biosciences employed more than 90 workers and formed two teams in Kinston on September 2018 for the production of Sorona polymer as automotive interior materials. The global product manager for DuPont Biomaterials says, “both teams are successfully progressing towards the development of sustainable polymer with high-performance, exceptional softness, and inherent stain resistance. This will help form uncompromising durability and further attract more consumers to contribute generously to the supply chain.” Such efforts are anticipated to bode well for the market in the coming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/automotive-interior-materials-market-102540


Advent of Bioplastics for Material Production will Drive Market


The automobile industry has used plastic for production purposes for quite some time now. Current automotive interior material market trend includes the use of bioplastics and petroleum. The advent of electric vehicles and lightweight vehicles are major drivers boosting the automotive interior materials market growth. Besides this, the increasing popularity of bio-polyesters for the use of car interiors are expected to help the market gain traction. Additionally, the idea of veganism has entered into the automobile industry. To cite an instance, German Automaker Volkswagen disclosed its full-size electric vehicle ID Roomzz that highlights insides produced using apple cowhide at the Shanghai Motor Show in 2019. Likewise, different automakers, for example, Volvo and Audi have additionally reported up and coming tasks that will highlight vegetarian insides.


Joint Ventures Between Players will Help Attract High Revenue


As per the report, the automobile interior materials market is segregated in nature attributed to the presence of numerous product portfolio. Companies such as DuPont launched a brand new series of renewably sources automotive materials that accommodates of Sorona fiber this is applied in seat fabric, carpeting, and headliners of the car. The surge in environmental concerns have propelled producers to choose renewable products to fabricate motors. Companies are adopting strategies such as mergers and acquisitions, business enterprise collaborations, joint ventures and others to draw high automotive interior materials market revenue on the one hand and to gain a competitive edge in the market during the forecast period.


Key Industry Developments of Automotive Interior Materials Market include:



  • January 2020 – FAURECIA, the company dealing with wide variety of automotive components and system, and SAS, the vendor dealing in complex logistics and assembly of interior modules entered into collaboration for collectively gaining traction in the market.


List of Significant players in the Automotive Interior Materials Market include:



  • TOYOTA BOSHOKU CORPORATION

  • Adient plc

  • Faurecia

  • Grupo Antolin

  • Sage Automotive Interiors

  • DuPont de Nemours, Inc.

  • SEIREN Co., Ltd.

  • Stahl Holdings B.V.

  • Yanfeng Automotive Interiors

  • Lear Corporation

  • Freudenberg Performance Materials

  • DK-Schweizer

  • Other players


Further Report Findings



  • Asia Pacific is dominating the market owing to the increasing adoption and sale of e-vehicles. However, North America earned USD 7,626.7 million in 2018 and witness significant growth on account of improving scenario of automobile industry in the region.

  • Based on segmentation by material, the leather segment held the dominant automotive interior materials market share whereas the plastics segment earned 37.1% share in the market.


Global Automotive Interior Materials Market is segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



 2015-2017



Unit



  Value (USD million)



Segmentation



By Material



  • Plastics

  • Fabrics

  • Composites

  • Leather




    • Synthetic

    • Natural




  • Others



By Application



  • Dashboard

  • Seats

  • Airbags & Seat belts

  • Door panel & trims

  • Carpet and headliners

  • Others



By Geography



  • North America (the U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, BENELUX, Russia, and the Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea, Indonesia, and the Rest of Asia- Pacific)

  • Latin America (Brazil, Mexico, Colombia, and the Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, Turkey, Iran and the Rest of Middle East & Africa)


Automotive Interior Materials Market
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  • 2018
  • 2015-2017
  • 125

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