The global automotive interior materials market size is expected to reach US$ 42.60 billion by 2030 from US$ 27.60 billion in 2020 and is expected to grow at an impressive double-digit rate of 5.6% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global automotive interior materials Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Interior material plays a significant role in the design of an automobile are utilized as inside cabin materials in a vehicle such as plastics, composites, metals, and many others. As the demand for high performance is increasing in a vehicle, the demand for improved ergonomics and appealing aesthetics is also rising at the same rate for the automotive interior. Advanced lighting and higher-level of comfort are the common features demanded by the consumers in almost every new automobile. Doors, console, seats, dashboards, floor carpet, steering wheels, and various other interior parts of a vehicle are the common application areas for an automotive interior material.
Growth Factors
Increasing demand for light weight vehicle and hence its body parts and other materials used in the manufacturing process is one of the significant factors that drives the market for automotive interior materials in the coming years. Cabin section of an automobile is very critical for the overall weight of a vehicle and making light weight automotive interior materials are imperative for conserving the emission level. Superior functions and attributes of cabin components have significantly increased the number of interior automotive components.
Further, rising demand for low-emission materials particularly from the emerging nations along with stringent fuel economy standards have propelled the market growth for automotive interior materials. For instance, in 2018, the Ministry of Industry and Information Technology (MIIT) in China issued new guidelines for the passenger vehicles sold in the country. Under the guideline, new vehicle should meet the average fuel economy of 5.8 liters per 100 kilometers. In the last decade, the average fuel efficiency of new cars in China is better compared to USA, Europe, Japan, Australia, and other parts of the world.
However, rising prices for natural leather anticipated to hinder the market growth and likely to propel the demand for synthetic leathers. This is mainly attributed to the demand-supply gap along with increasing regulations for the use of synthetic leathers. As synthetic leathers are not bio-degradable, hence governments of various regions have issued stringent regulations on the application of synthetic leathers as well as to promote the application of natural leathers in various industries. The aforementioned factors are expected to prosper the market growth of automotive interior materials in the near future.
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Why should you invest in this report?
If you are aiming to enter the global automotive interior materials market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive interior materials are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Regional Snapshots
By geography, the Asia Pacific is the front-runner in the global automotive interior materials market and estimated to continue the same trend in the upcoming period. The region estimated to hold nearly 50% of the revenue share by the analysis period. This is mainly because of rising sale of automobiles in the region. Rising urbanization, robust economic development, and rising purchasing power of middle-class people in the region are other significant factors that propel the growth of automotive interior materials market. Apart from this, proliferating demand of passenger cars along with supportive government measures like to accelerate the demand for automotive interior materials in the region.
Report Highlights
- The Asia Pacific leads the global automotive interior materials market owing to prominent growth of automotive industry in the region
- North America and Europe are the significant markets in the global automotive interior materials owing to stringent regulations and amendments in the automotive applications
- By material, plastics captured majority of revenue share in the year 2020 because of its favorable capabilities to make a vehicle lighter and more appealing in terms of aesthetics
- In terms of application, seats dominated the global automotive interior materials market and hold nearly 30% in the year 2020 owing to an important segment for driver and passenger comfort
- Based on vehicle, passenger car leads the global automotive interior materials market in the year 2020 and projected to maintain the same trend over the forecast period due to high sales rate compared to other vehicle types
- On the basis of end-users, aftermarket captured considerable revenue share and register a fast growth during the forecast period because of increasing demand for parts change in vehicles
Key Players & Strategies
The prominent players operating in the global automotive interior materials market anticipated to experience intense competition during the upcoming years mainly because of rising focus on research & development and aggressive strategies adopted by the market players to maintain their competitive edge on the global scale. Further, industry players also adopt inorganic growth strategies such as product development, merger & acquisition, partnership, collaboration, and other strategies. For instance, in May 2018, SABIC introduced its new PP compounds portfolio, particularly for automotive interior applications that strengthens its market position on the global range.
Some of the prominent players in the Automotive Interior Materials Market include:
- Evonik Industries AG
- UFP Technologies
- Saudi Basic Industries Corporation (SABIC)
- Arkema
- BASF SE
- Stahl Holdings B.V.
- Hexcel Corporation
- Continental AG
- Toray Industries Inc.
- Huntsman International
- Sumitomo Chemical Company
- Dow Chemical Company
- Trinseo S.A.
- Borealis AG
- Covestro AG
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Precedence Research has segmented the global automotive interior materials market report on the basis of material, vehicle, application, end-users, and region:
By Material Outlook
- Composites
- Glass Fiber
- Carbon Fiber
- Natural Fiber
- Plastics
- Thermosets
- Thermoplastics
- Leather
- Fabrics
- Others
By Vehicle Outlook
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Application Outlook
- Doors
- Consoles & Dashboards
- Seats
- Floor Carpet
- Steering Wheels
- Others
By End-users Outlook
- OEMs
- Aftermarket
Regional Analysis:
The geographical analysis of the global automotive interior materials market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global automotive interior materials Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global automotive interior materials market in 2030?
- What is the expected CAGR for the automotive interior materials market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global automotive interior materials market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Interior Materials Market, By Vehicle
7.1. Automotive Interior Materials Market, by Vehicle Type, 2021-2030
7.1.1. Passenger Cars
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Light Commercial Vehicle (LCV)
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Heavy Commercial Vehicle (HCV)
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Automotive Interior Materials Market, By Material
8.1. Automotive Interior Materials Market, by Material, 2021-2030
8.1.1. Composites (Glass Fiber, Carbon Fiber, Natural Fiber)
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Plastics (Thermosets, Thermoplastics)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Leather
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Fabrics
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Interior Materials Market, By Application Type
9.1. Automotive Interior Materials Market, by Application Type, 2021-2030
9.1.1. Doors
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Consoles & Dashboards
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Seats
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Floor Carpet
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Steering Wheels
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Automotive Interior Materials Market, By End-users Type
10.1. Automotive Interior Materials Market, by End-users Type, 2021-2030
10.1.1. OEMs
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Automotive Interior Materials Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.1.2. Market Revenue and Forecast, by Material (2017-2030)
11.1.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.1.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.1.5.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.1.6.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.2.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.2.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.2.5.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.2.6.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.2.7.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.2.8.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.3.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.3.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.3.5.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.3.6.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.3.7.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.3.8.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.4.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.4.5.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.4.6.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.4.7.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.4.8.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.5.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.5.5.4. Market Revenue and Forecast, by End-users Type (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
11.5.6.4. Market Revenue and Forecast, by End-users Type (2017-2030)
Chapter 12. Company Profiles
12.1. Evonik Industries AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. UFP Technologies
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Saudi Basic Industries Corporation (SABIC)
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Arkema
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BASF SE
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Stahl Holdings B.V.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hexcel Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Continental AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Toray Industries Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Huntsman International
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Sumitomo Chemical Company
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Dow Chemical Company
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Trinseo S.A.
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Borealis AG
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Covestro AG
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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