openPR Logo
Press release

Growth Opportunities for Automotive Interior Materials Market Stakeholders as 2017 Marks Outstanding Performance

02-14-2018 02:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Xpodence Research

Growth Opportunities for Automotive Interior Materials Market

The global automotive interior materials market is expected to garner large market revenue over the forecast period owing to rise in automotive demand in Asia-Pacific and North American regional market. An increase in disposable income along with diminishing transportation cost as well as availability of abundant raw material has further propelled the market growth.

The OEM’s are focusing on fine as well as lightweight interior materials owing to rising demand for premium aesthetics as well as fuel-efficient vehicles. The increasing consumer preference towards luxury vehicles and rising concentration on automotive interior components has compelled OEMs to concentrate on quality of materials utilized in vehicles.The rise in concern towards waste disposal during the process of leather manufacturing coupled with rising leather prices owing to tight supply is anticipated to hinder the demand. The restrictions of government on materials such as PVC leather are also expected to control the market growth.

Request For Free Sample Of The Report @ https://www.xpodenceresearch.com/Request-Sample/105730

Depending on materials, the global automotive interior materials market can be classified as synthetic leather, PU leather, fabric, genuine leather, PVC leather, and thermoplastic polymers. The synthetic leather market segment commands the major market share of the automotive interior materials market in terms of revenue.The Asia-Pacific regional market is the largest consumer of synthetic leather and is anticipated to grow at an impressive growth rate of over 10% during the forecast period. The Mexican market is anticipated to be the swiftest growing synthetic leather market and is forecasted to grow at a significant growth rate of over 18% during the future years.

Among different market segments, the PU leather market is anticipated to be the swiftest growing segment over the future period and is projected to register swift growth rate of over 10% during forecast period. Over the past, superior quality coupled with low maintenance cost has led to rise in PU leather demand over the past years and the trend is anticipated to continue over the future years.The Asia-Pacific regional market is the largest market and commands over 40% of the total share. The APAC regional market is projected to rise owing to rise in automotive demand in emerging countries such as China and India. The regional market, China is the biggest interior materials consumer in Asia-Pacific and is estimated to retain its place over the future period.

Factors such as swift growth of automotive industry, soaring economic growth, and cost competitiveness are estimated to positively impact interior materials manufacturers in APAC countries. The rising government support in terms of subsidies and other regulations has fascinated various automotive OEMs to settle their plants in this region.Also, the rising integration of green technology as well as nanotechnology in automotive leather and fabrics manufacturing is likely to offer varied opportunities for the market players. The usage of green chemistry for leather manufacturing, environment-friendly materials as well as proper waste disposal methods can boost profitability and help to gain competitive advantage.

Strict regulations pertaining to leather production are anticipated to hamper the market growth over the future years. The rise in costs of raw material is expected to dampen the profitability as well as sustainability of the manufacturers. The rise in production cost is directly transferred to the overall cost of vehicle production.

At every stage of production process, regulatory framework is implemented and value chain is anticipated to raise the overall production cost and dampen overall profitability. The integration of nanotechnology for the development of new lightweight materials is anticipated to give rise to new opportunities along with competitive advantage leading to increased fuel efficiency.

Obtain Report Details @ https://www.xpodenceresearch.com/Reports/Automotive-Interior-Materials-Market

The major players operating in the market include Katzkin Leather Interiors Inc. ,Borgers A.G., Faurecia S.A, BASF S.E., Johnson Controls Inc., Dow Chemical Company, International Textile Group Inc., Lear Corporation, E. I. DU Pont DE Nemours, DK Leather Corporation Berhad, Eagle Ottawa, LLC, and Sage Automotive Interiors Inc. along with few others.

About Us-

Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.

Contact Us-

Xpodence Research
USA Office
244 , Madison Avenue
New York City, NY - 10016
United States
UK Office
109 ,Straford Street,Leeds
West Yorkshrie LS11 6JG
United Kingdom
Toll Free +1- 844-445-2861
Email-sales@xpodenceresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Growth Opportunities for Automotive Interior Materials Market Stakeholders as 2017 Marks Outstanding Performance here

News-ID: 943724 • Views:

More Releases from Xpodence Research

Real-Time Location Systems (RTLS) Market For Healthcare - Hardware Segment Contributed a Largest Market Share Toward the Market in 2017 And Expected to Dominate in Future
Real-Time Location Systems (RTLS) Market For Healthcare - Hardware Segment Contr …
RTLS or Real Time Location System is a combination of hardware, software and service components, which is used for the realtime monitoring, tracking and management of equipments, patients, and staff personnels. The Real Time Location Systems find applications in civil as well as military healthcare facilities. With continuous advancements in healthcare technology, the RLTS are finding increase in adoption in many parts of the world, with developed countries at the
Scar Treatment Market - Keloids and Burned Scars Treatment to Take More Priority Over Mild-To-Medium Acne and Spot Correction
Scar Treatment Market - Keloids and Burned Scars Treatment to Take More Priority …
The global scar treatment market has been examined to pick up a comprehension about the changing situation of the appearance and aesthetic remedial measures. Scar revision is a process that is utilized to limit the scars in a way that they seem more reliable with the encompassing skin tone and skin texture. Scars are unmistakable signs that stay after an injury mends. They are unavoidable aftereffects of damage or a
Shotcrete Concrete Market - Key Manufacturers Motivated Towards the Adoption of Key Strategies in The Future
Shotcrete Concrete Market - Key Manufacturers Motivated Towards the Adoption of …
Shotcrete or sprayed concrete is generally used in a wide range of applications including construction and wastewater treatment structures. It is considered to be an efficiently performing mortar or concrete which is blown at high speed on the desired surface of a construction site, generally through a hose. Shotcrete or sprayed concrete is generally conveyed by using two methods including dry mix process and wet mix process. The wet mix
Tube Packaging Market - Key Manufacturers Motivated Towards the Adoption of Key Strategies in The Future
Tube Packaging Market - Key Manufacturers Motivated Towards the Adoption of Key …
A hollow and cylindrical container that is made by paperboard, plastic or aluminum is called tube. Tubes are basically used for storing viscous liquid type materials like toothpaste, adhesive, ointment, and others. At the time of manufacturing and processes of filling, both the ends of the tube are cured in a different manner. An oval orifice is present on one of the end of the tube body, that can

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of