Automotive Interior Materials Market 2020-2025 Global Analysis and Opportunity Assessment | Toyota Boshoku Corporation, Lear Corporation, Toyoda Gosei Co., Ltd., Adient plc, Faurecia S.A., Grupo Antolin, Sage Automotive Interiors Inc., ASF SE, Benecke-Kal

Automotive interior materials are utilized for the interior parts of an automobile cabin which include metals, composites, and plastics. In the recent years, consumers are inclining toward improved ergonomic and aesthetic appeal of the interior design, which is driving the industry. The cabin section of an automobile is crucial reduced weight of vehicle contribute toward curbing carbon emission.

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Growing demand for low-emission materials, along with stringent fuel economy measures is anticipated to stimulate the industry outlook. Recent technological advancement in manufacturing process of automobile materials have reduced the manufacturing cost and improved operating life of the components, which in turn is positively impacting the automotive industry. The interior materials provide better reliability, and improved strength, which impacts adoption of the car. In addition, improving economic outlook across the countries along with rising inclination toward innovative automobile designs is complementing the industry size.

Minimizing carbon foot print through weight reduction from advanced interior material is driving the industry

The introduction of measures for reduction of emission of pollutant from automobile, lightweight of vehicles, and safety features have impelled the manufacturers to adopt modification in the vehicles. As per European Performance India (EPA), the fuel economy of an automobile could be increased by 2% for a weight reduction of 100 pound. This is achievable by manufacturing the light and flexible upholstery by utilizing plastic. Thus, plastic application for interior materials results in overall weight reduction of vehicle and helps in ensuring the safety standards.

In addition, ongoing research and development activities to minimize the number of components utilized in a vehicle could help in reducing the weight of a vehicle. The manufacturers are focussing toward reducing the weight by using light and tough material for chassis, interior and exterior body. The ongoing developments to offer features favouring long travel through improved materials is expected to boost the product demand.

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Low weight of polymer is contributing in the material adoption

In terms of type for automotive interior material, polymers is analysed to hold majority of the industry share. Over the years, the end users have escalated demand for durable and lightweight interior components of the vehicle. As a result, polymer has witnessed major adoption owing to its application over interior parts of the automobile including canter consoles, and dashboards, and door panels. Stringent environmental norms have impelled industry player to reduce vehicle weight which in turn have proliferated the industry outlook.

Asia-Pacific to dominate the regional share

In the automotive interior material industry, Asia Pacific is analysed as a major region for industry growth. Favourable government imitative comprising supportive regulations and subsidies to attract industry players to establish automotive manufacturing facility in the region is fuelling the industry landscape. In addition, rising focus toward adoption of electric vehicle will lead to deployment of improved interior materials which will further provide impetus to industry growth. Rising income levels along with improving lifestyle is further driving the business landscape.

Key Market Players

o Toyota Boshoku Corporation
o Lear Corporation
o Toyoda Gosei Co., Ltd.
o Adient plc
o Faurecia S.A.
o Grupo Antolin
o Sage Automotive Interiors Inc.
o ASF SE
o Benecke-Kaliko AG
o Borgers SE & Co. KGaA
o Dow Chemical Company
o DK-Schweizer Co., Ltd.
o Eagle Ottawa LLC
o E.I. du Pont de Nemours & Co.
o Others

Market Segments: Automotive Interior Materials Market

By Type:

Polymers
Genuine Leather
Fabric
Synthetic Leather
Others

By Vehicle Type:

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

By Products

Seat Belts
Bumpers
Door Trims
Upholstery
Air Bags
Floor Mats
Seat Covers
Scuff Plates
Dash Boards
Light Covers
Air Ducts
Reservoirs
Others

By Region

North America
US
Canada
Europe
Germany
France
UK
Russia
Asia Pacific
China
India
South Korea
Japan
South-East Asia
Middle East and Africa
Saudi Arabia
South America
Brazil

Key Sources

o Industry Associations
o Patent Websites
o Company Annual Reports
o Company Websites
o Key industry leaders
o Technology consultants
o Organisation for Economic Co-operation and Development (OECD)
o European Performance India (EPA)
o International Energy Agency (IEA)
o Energy Information Administration (EIA)
o International Council on Clean Transportation (ICCT)
o Others

Key Questions Answered

o What are the key growth regions and countries?
o What are the important types and technologies being used?
o What are the market players doing, in terms of research and development?
o Which are the new applications for this market?
o What are the integrations happening?
o What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

o Raw material suppliers
o Automobile manufacturers
o Component manufacturers
o Part suppliers
o Tier 1 suppliers
o Regulatory Authorities

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