Automotive Interior Materials Market to Witness Significant Rise in Revenue During the Forecast Peri
Author : Ajaykumar Patil | Published On : 17 Jan 2022
Automotive Interiors: A Quest for Elegance
The automotive industry is onto an elegant mode with consumers focusing on aesthetics along with durability. Also, people prefer lightweight elegance. Generally, polymers are used for highlighting interiors like dashboards, door panels, center consoles, and likewise.
Also, with passenger vehicles witnessing an exponential demand all across the Asia-Pacific and North America, the automotive interior materials market is expected to witness on a stupendous note between 2021 and 2031. Persistence Market Research has captured these details in its report entitled “Automotive Interior Materials Market”.
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The Premium Trend
With technological upgradations with regards to designing and processing techniques and blended polymers, the modern-day plastic interiors are there to give a “premium” feel. It is a known fact that leather, though most durable, is the costliest one and also its trimming and stitching takes much longer (especially as compared to fabric).
As such, artificial (synthetic) leather is used by the automobiles due to cost-efficiency. Amongst the fabrics, wool is preferred due to its versatility (ability of being dyed as well as woven into texture of any sort). Persistence Market Research has made sure to add these premium bits of information in its report mentioned above.
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Incorporation of Nanomaterials and antimicrobials
It’s interesting to learn that the automotive industry is into incorporation of nanotechnology at different stages for developing interior materials with weight reduction as well as enhanced fuel efficiency. Nanomaterials could, thus, be used in boot carpets, safety belts, seat paddings and coverings, interior panels for pillars and doors, cabin roof, airbags, trimmings, and tire cords.
Textiles having antimicrobial properties are expected to witness an increased demand in the entire automotive industry as they, apart from elimination of unpleasant odors, help in ascertaining hygiene of the car’s interior.
It needs to be noted that nanotechnology-based passive approach does use silver (Ag) nanoparticles for being effective against a plethora of bacteria on getting added to textile’s surface. These factors are explained in detail by Persistence Market Research.
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Vitality of Lightweight Automotive Interior Materials
The OEMs need to abide by governments’ regulations regarding carbon emission reduction, vehicle safety, and reduction of weight. EPA has confirmed that fuel economy improves by 1-2% for every 100 pounds taken from vehicle. This could be taken care of by rendering flexibility to upholstery. This calls lighter interior materials as a replacement to plastic. Persistence Market Research has put forth these details and insights pertaining to the same in its report.
How is the automotive interior materials market categorized?
The global automotive interior materials market, by type of materials, spans genuine leather, fabric, synthetic leather, composite, and thermoplastic. By type of vehicle, it’s passenger cars (sub-compact, compact, sedan, mid-size, van, and luxury), HCV, and LCV. By application, it’s carpet and headliners, door panels & trims, seat belts & airbags, dashboard, and likewise.
Amongst these, dashboard holds the largest market share. Use of improved vehicle material is keeping the cash registers ringing. Certain governments have also made seatbelts and airbags mandatory. Persistence Market Research helps in delving deeper herein.
Region-wise Distribution and Scope
North America is expected to go steady on the count of automotive interior materials due to people in the US and Canada resorting to premium options. Plus, the demand for passenger vehicles is here to stay. Europe is expected to stabilize on the similar note.
However, the Asia-pacific is expected to witness grandeur in the automotive interior materials market going forward. This could be reasoned with more number of manufacturers of automotives setting up their plants herein. Persistence Market Research is meant to delve deeper into geography-wise distribution.
Persistence market Research has profiled the key players as follows:
- Faurecia S.A.
- Lear Corporation
- Seiren Co., Ltd.
- Yanfeng Automotive Trim Systems
- Toyota Boshoku Corporation
- Sage Automotive Interiors, Inc.’
- Benecke-Kaliko AG
- GST AutoLeather, Inc.
- DK Leather Corporation
- Grupo-Antolin Irausa, S.A.
- Mayur Uniquoters Ltd.
- WOLLSDORF LEDER SCHMIDT & Co.
- Adient Plc
- TS Tech Co., Ltd.
- Magna International Inc.
- Tachi-S Co., Ltd.
- Aisin Seiki Co., Ltd.
- Guelph Manufacturing Group
- NHK Spring Co., Ltd.
Persistence Market Research has also gone ahead with listing out the developments. For instance – Adient Plc, in May 2018, did announce opening of its fabric plant in Morocco. Since then, the plant is into production of high-quality materials for automotive seating. The major customers include Nissan, BMW, PSA, Opel, and Renault.
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The global train seat materials market is projected to expand at a CAGR of around 4.5% over the forecast period of 2021-2031.
Global lightweight automotive materials market to cross a figure of about US$ 76,200 million in 2022 and expected to grow with a CAGR in the period of assessment.
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