Global Automotive Interior Materials Market is expected to reach USD 139,006.94 million by 2024 from USD 56,150.00 million in 2016, at a CAGR of 12.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Segmentation:

· By Type (Thermoplastic Polymers, Fabric, Leather, Plastics, Metals, Composites, Others),

· By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Others),

· By Application (Seating, Dashboards, Airbag & Seat Belt, Door Panel, Carpet & Headliner, Interior Trim, Others),

· By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers: The major factors contributing to the growth of the market includes factors such as the enhanced efficiency of a vehicle by reducing the weight of the interiors, increase in globalization leading to advancement in technology.



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INCREASED GLOBALIZATION

· Globalization refers to the international trade, foreign investment and exchange of information & technology between different countries.

· With the globalization the automotive industry across the globe booms and the production of the automobiles increased with a greater rate.

TECHNOLOGICAL ADVANCEMENT AND INCREASING NEED FOR CUSTOMIZATION

· Earlier the material used for the interior of a car was made up of mostly iron and seats are of cloth material.

· The technological advancement in the material for dashboard and trims are also changed in due time.

· Earlier the material used were plastics like PVC, PP and others, but with technological advancement the new type of plastic material like

o Acrylonitrile Butadiene Styrene (ABS),

o Carbon fiber reinforced polymer (CFRP),

o Fibre-reinforced plastic (FRP) and

· Others are developed and are used to reduce the weight and increase the efficiency of the vehicle.

ENHANCED EFFICIENCY OF A VEHICLE BY REDUCING WEIGHT OF INTERIOR MATERIALS

· Different types of materials for automotive interiors are available such as metal, plastic, composites, fabric, leather and others.

· To overcome these effects of materials used in the automotive, companies are coming up with new materials which are lighter, comfortable and safer than the material used today.

Some of the benefits of the lighter weight materials are-

· Light weighting material plays a role in increasing the fuel efficiency and reduces CO2 emissions as the overall weight of automobile reduces due to which the consumption of fuel required to drive the vehicle reduces.

By replacing conventional parts with redesigned aluminium profiles, substantial weight reductions and more sustainable solutions can be achieved.

Major Players:

Some of the major players operating in this market are:-

· Adient,

· Grupo Antolin,

· Toyoda Gosei Co. ltd.,

· Toyota Boshoku Corporation,

· Lear Corporation,

· Grammer AG,

· Faurecia S.A,

· Sage Automotive Interiors,

· Borgers SE & CO. KGAA,

· Ntf India Pvt. Ltd.,

· Dk-My Properties Sdn Bhd.,

· Minda Industries Ltd. (subsidiary of UNO Minda),

· Celanese Corporation,

· Benecke-Kaliko AG,

· BASF SE,

· Sabic

· Among others…

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