Report Ocean presents a comprehensive research report on Automotive Interior Materials, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Automotive Interior Materials.
The global automotive interior materials market size was US$ 58.0 billion in 2021. The global automotive interior materials market is projected to grow to US$ 79.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.1% during the study period from 2022 to 2030.
Automotive interior materials are used in the making of the interior of the automotive. These materials include fabric, polymers, genuine leather, synthetic leather, etc.
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COVID-19 Impact Analysis
In the wake of the COVID-19 pandemic, the global automotive interior materials market saw a significant decline in terms of revenue. The market was strongly affected by the decline in consumer purchasing power and a halt in industrial activities. Various automotive manufacturers reduced their manufacturing capacity due to slow demand from the end-users. Meanwhile, the governments of various countries imposed travel restrictions, which eventually halted travel activities and, therefore, the need to purchase automobiles. As a result, it impeded the growth of the global automotive interior materials market.
Factors Influencing the Market
The automotive interior materials market is primarily influenced by the steadily growing demand for automobiles. The inclination towards luxury vehicles is growing. Further, industry giants are also making tremendous efforts to level up in the growing competition. As a result, it will contribute to the growth of the global automotive interior materials market.
Factors such as stringent government regulations to accelerate the production and adoption of lightweight vehicles will contribute to the market growth during the study period. Additionally, the growing deployment of green technology to produce automotive leather is expected to present attractive prospects for the automotive interior materials market.
Rising disposable incomes and growing knowledge about the attractiveness of automotive interiors are projected to contribute to the market growth. On the flip side, price volatility in the prices of raw materials may limit the growth of the automotive interior materials market during the analysis period.
Regional Analysis
The Asia-Pacific automotive interior materials market is expected to emerge as the largest regional market in terms of revenue. It is due to factors like growing disposable incomes and increasing knowledge about effective interiors. Additionally, the strong automotive industry in countries like China, India, Japan, etc., will present attractive prospects for the automotive interior materials market during the analysis period.
Additionally, the population increase and rising disposable income in developing nations are expected to promote market expansion. Moreover, development in plastic and composite components will contribute to the growth of the automotive interior materials market during the analysis period.
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Competitors in the Market
BASF SE
BENECKE-KALIKO AG
BORGERS SE & CO. KGAA
THE DOW CHEMICAL COMPANY
DK-SCHWEIZER CO.
EAGLE OTTAWA LLC
E.I. DU PONT DE NEMOURS & CO.
FAURECIA AUTOMOTIVE GMBH
JOHNSON CONTROLS, INC.
KATZKIN LEATHER, INC.
LEAR CORPORATION
SAGE AUTOMOTIVE INTERIORS, INC.
Other Prominent Players
Market Segmentation
The global automotive interior materials market segmentation focuses on Type, Vehicle, Application, and Region.
By Type
Composites
Plastics
Metals
Fabric
Leather
By Vehicle Type
PV
LCV
HCV
By Application
Dashboard
Door Panel
Seats
Floor Carpets
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
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Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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