Automotive Interior Materials Market worth $54.8 billion by 2026

The report “Automotive Interior Materials Market by Type(Polymer, Genuine Leather, Fabric, Synthetic Leather), Vehicle Type, Application(Dashboard, Door Panel, Seats, Floor Carpets) & Region(APAC, Europe, North America, MEA, South America) – Global Forecast to 2026”, is projected to reach USD 54.8 billion by 2026, at a CAGR of 2.6% from USD 48.1 billion in 2021. Automotive interior materials are used in the interior of an automobile. Fabric, genuine leather, polymers, and synthetic leather are some of the materials used in the interiors. These materials should be of high quality, as they are used to enhance the appearance and comfort of the interiors of a vehicle. The efficiency of a vehicle depends on its weight. Lightweight automotive interior materials can help reduce the overall weight of an automobile. Several automotive manufacturers are looking for innovative and lightweight automotive interior materials for weight reduction, which increases the efficiency of vehicles by reducing fuel consumption.

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• 297 Market data Tables

• 58 Figures

• 304 Pages and in-depth TOC on “Automotive Interior Materials Market – Global Forecast to 2026”

Some of the prominent key players are:

· Lear Corporation (US)

· Asahi Kasei Corporation (Japan)

· Toyota Boshoku Corporation (Japan)

· Faurecia (France)

· Toyoda Gosei Co., Ltd. (Japan)

· Grupo Antolin (Spain)

Opportunities: Adoption of green technology in automotive leather manufacturing

The tanning process in leather manufacturing is the most polluting stage of leather processing. It includes the use of metals such as chromium, aluminum chlorides, sulfates of potassium and aluminum, and zirconium sulfates. Hence, manufacturers with the help of green chemistry have developed methods for the use of safer chemicals that can be disposed of easily. The notable techniques among them include tanning of skins with glutaraldehyde in the presence of unnatural d-AA such as d-alanine or d-lysine, resulting in high stability of the leather due to the bridging feature of the carboxylic as well as the amine group of the amino acids. The wastewater generated contains no hazardous chemicals, as toxic tanning agents are not used during the described process, and hence wastewater treatment plants benefit from proper handling and final disposal of waste.

Polymer segment is projected to be the fastest-growing type for automotive interior materials market between 2021 and 2026:

Polymers used in the automotive interior is generally thermoplastics which are multiphase compositions in which one phase consists of a material that is hard at room temperature and fluid when heated, and the other phase consists of an elastomeric material that is soft and rubberlike at room temperature. They are plastic materials that soften on heating to form a perfect mold. On cooling, they set to a new form with a smooth yet hard finish. Thermoplastic polymers are used for various interior and exterior components in the automotive industry. These polymers help OEMs in manufacturing lightweight and durable interior components. Some of the polymers used in automotive interiors are PP, PU, PVC, and others. These polymers are lightweight, making the vehicles more fuel efficient.

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Asia Pacific is projected to be the fastest-growing region for the automotive interior materials market during the forecast period.

Asia Pacific is the fastest-growing region in automotive interior materials market owing to rapid economic growth in the region. These factors play an important role in driving the automotive interior materials market. The developed countries of Asia Pacific house the key global automakers. This region not only serves as a manufacturing hub but also has key R&D facilities. The automotive industry in developing countries of Asia Pacific is expected to grow because of the improving economic conditions as well as the booming manufacturing sector. The market in North America is projected to grow at a moderate rate during the forecast period because of the shift of manufacturing bases to the developing countries. However, the rising demand for luxury vehicles in the region will drive the need for automotive interior materials.

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