Automotive interior materials serve various purposes such as protection, comfort, and style with innovative materials and technologies being adopted. These materials include leather, vinyl, plastics, composites and textiles finding applications for seating, dashboard, doors, among others. The global automotive interior materials market is growing as innovative and sustainable materials that are lightweight yet durable are being introduced to improve vehicle dynamics and fuel efficiency.
The global automotive interior materials market is estimated to be valued at US$ 234.32 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the automotive interior materials market size is the adoption of sustainable materials. With growing environmental consciousness, car manufacturers are focusing on reducing the vehicle weight through use of sustainable and bio-based materials for interior components. Natural and recycled materials like bamboo, coconut fibers, rice husk and recycled plastics are increasingly being evaluated and certified for interior applications. These sustainable materials not only lower vehicle weight and emissions but also provide comparable performance. Major automakers have introduced prototypes with innovative sustainable interior materials and their commercial use is expected to grow significantly over the forecast period, thereby driving the automotive interior materials market.
Segment Analysis
The global automotive interior materials market is segmented by type, vehicle type, and vehicle class. Plastics dominates the type segment of the global automotive interior materials market. Plastics are light-weight, durable, and cost-effective which make them a preferred choice for interior applications. They are used in parts like door trims, roof lining, flooring and more. Furthermore, plastic has become an integral part of automobile interiors and their usage is increasing with innovations in plastic engineering and polymer science.
Key Takeaways
The global automotive interior materials market is expected to witness high growth over the forecast period of 2024 to 2031. The global automotive interior materials market is estimated to be valued at US$ 234.32 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.
Regional analysis related content comprises:
The Asia Pacific region holds the largest share in the global automotive interior materials market. China, India, and Japan collectively account for over half of the vehicle production globally. With rising incomes, changing lifestyles and growing middle class population in India and other developing Asian countries, the demand for vehicles is surging in the region. This is increasing the need for automotive interior materials over the forecast period. Furthermore, presence of key automakers as well as automotive interior material manufacturers is assisting the market growth.
Key players related content comprises:
Key players operating in the automotive interior materials market are Gerresheimer AG, Becton, Dickinson and Company, West Pharmaceutical Services, Inc., Terumo Corporation, Nipro Europe Group Companies, B. Braun SE, Sanofi, GSK plc., Pfizer Inc., Bayer AG. These players are focusing on expanding their manufacturing facilities and product portfolio to strengthen their market position.
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