Automotive Interior Materials Market Revenue to Touch $80.2 Billion by 2030 | Major Companies, Strategies and New Trends

Allied Market Research recently dropped some knowledge in their latest report on the Automotive Interior Materials Market. According to them, this industry raked in $55.0 billion in 2020 and is poised to hit $80.2 billion by 2030, cruising at a 3.9% CAGR from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/2037

What's fueling this growth, you ask? Well, a focus on shedding automobile weight to boost fuel efficiency and the increased use of plastics in automotive production are driving forces. But, there's a speed bump-volatile raw material prices. On the bright side, the adoption of green tech for automotive leather production could pave a smoother road ahead.

And then, the unavoidable topic these days-Covid-19. The pandemic slammed the brakes on the automotive supply chain, with lockdowns and restrictions causing a traffic jam in international trade. However, as vaccination efforts gain traction and lockdowns ease up, the report suggests the market will rev back up.

Now, let's peek under the hood. In terms of materials, composites take the lead, holding more than a third of the market share in 2020. They're expected to rev up with a 4.8% CAGR, thanks to their role in making vehicles lighter, safer, and more fuel-efficient.

Zooming in on applications, the door panel steals the show, projected to grow at a 4.3% CAGR. It already owns nearly two-fifths of the market revenue, acting as the interface between the car's interior and the door's inner workings.

Geographically, Asia-Pacific is the hot spot, claiming almost half of the market in 2020. With a predicted 4.3% CAGR from 2021 to 2030, it seems the region's urbanization and growing automotive demand are propelling it to pole position.

And now, introducing the key players in this automotive symphony: 3M, ARKEMA Group, BASF SE, Covestro AG, Dow, Evonik Industries AG, Hexcel Corporation, Huntsman International LLC, Stahl Holdings B.V., and Wacker Chemie AG.

If you're keen to dive deeper into this report, you can snag your own copy here @ https://www.alliedmarketresearch.com/automotive-interior-materials-market

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