Automotive Interior Materials Market 2022
The global automotive interior materials market was projected at around 98.9 billion US$ in 2018 and is projected to grow at a CAGR of around 6% during the forecast period 2019-2029 and reach around 192.1 billion units by the end of 2029.
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The automotive industry is in stylish mode, with consumers focusing on aesthetics and durability. In addition, people prefer light elegance. Generally, polymers are used to enhance interiors such as dashboards, door panels, center consoles, etc. Additionally, with passenger vehicles witnessing exponential demand across Asia-Pacific and North America, the automotive interior materials market is expected to witness a prodigious note between 2021 and 2031. Persistence Market Research has captured these details in its report titled “Automotive Interior Materials Market”.
The upscale trend
With technological upgrades in the design and processing of techniques and blended polymers, modern plastic interiors are here to give a “premium” feel. It is a known fact that leather, although the most durable, is the most expensive and takes much longer to cut and sew (especially compared to fabric).
As such, artificial (synthetic) leather is used by automobiles due to cost effectiveness. Among fabrics, wool is preferred due to its versatility (ability to be dyed as well as woven into any texture). Persistence Market Research has made sure to add this premium information in its report mentioned above.
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Incorporation of nanomaterials and antimicrobials
Interestingly, the automotive industry is incorporating nanotechnology at various stages to develop interior materials with reduced weight and improved fuel efficiency. Nanomaterials could thus be used in trunk carpets, seat belts, seat padding and coverings, interior pillar and door panels, cabin roof, airbags, trim and tire cords.
Textiles with antimicrobial properties are expected to see increased demand across the automotive industry as, apart from eliminating unpleasant odors, they help to ensure the hygiene of the car interior .
It should be noted that the passive approach based on nanotechnology uses silver (Ag) nanoparticles to be effective against a plethora of bacteria when added to the surface of the textile. These factors are explained in detail by Persistence Market Research.
Distribution and reach by region
North America is expected to remain stable in the number of automotive interior materials due to the reliance on high-end options in the United States and Canada. Additionally, the demand for passenger vehicles is here to stay. Europe should stabilize on a similar note.
However, Asia-Pacific is expected to see greatness in the automotive interior materials market in the future. This could be due to more automobile manufacturers setting up their factories here. Persistence Market Research aims to deepen the geographical distribution.
The Persistence market research has profiled the major players as follows:
Seiren Co., Ltd.
Yanfeng Automotive Trim Systems
Toyota Boshoku Corporation
Sage Automotive Interiors, Inc.’
GST AutoLeather, Inc.
DK Leather Corporation
Group-Antolin Irausa, SA
Mayur Uniquoters Ltd.
WOLSDORF LEDER SCHMIDT & Co.
TS Tech Co., Ltd.
Magna International Inc.
Tachi-S Co., Ltd.
Aisin Seiki Co., Ltd.
Guelph Manufacturing Group
NHK Spring Co.,Ltd.
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Answers to key questions in this report.
What will be the growth rate of the market in the future?
What are the key factors driving the global market?
Who are the major manufacturers in the Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by industry regions?
Train Seat Materials Market- https://www.persistencemarketresearch.com/market-research/train-seat-materials-market.asp
The global market for train seat materials is expected to grow at a CAGR of around 4.5% over the forecast period 2021-2031.
Lightweight Automotive Materials Market – https://www.persistencemarketresearch.com/market-research/lightweight-automotive-materials-market.asp
The global lightweight automotive materials market is expected to cross a figure of approximately US$76,200 million in 2022 and is expected to grow with a CAGR during the assessment period.
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This press release was published on openPR.