Rise in focus on overall weight reduction of automobiles to optimize fuel efficiency and surge in consumption of plastics in automotive production have boosted the growth of the global automotive interior materials market.
PORTLAND, Ore, May 17, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Automotive Interior Materials Market By Type (Plastics, Metals, Fabric, Leather, Composites, Others), By Vehicle Type (PV, LCV, HCV), By Application (Dashboard, Door Panel, Seats, Floor Carpets, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030". As per the report, the global automotive interior materials industry was accounted for $55.0 billion in 2020, and is anticipated to garner $80.2 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030.
Drivers, restraints, and opportunities
Rise in focus on overall weight reduction of automobiles to optimize fuel efficiency and surge in consumption of plastics in automotive production have boosted the growth of the global automotive interior materials market. However, high volatility in the prices of raw materials hinders the market growth. On the contrary, surge in adoption of green technology to produce automotive leather would open new opportunities in the future.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/2037
Covid-19 scenario:
- The Covid-19 pandemic severely affected the supply chain across the automotive sector. Governments across the world imposed strict restrictions on transportation and cross-border import-export of non-essential goods.
- The shutdown of manufacturing plants in major industries such as automotive industry negative affected the international trade of automotive interior materials.
- However, as vaccination programs have gained momentum and government declared relaxation on the lockdown norms, the market is expected to get back on track.
The composites segment dominated the market
By type, the composites segment held the largest share in 2020, accounting for more than one-thirds of the global automotive interior materials market. Moreover, the segment is estimated to register the highest CAGR of 4.8% during the forecast period, due to the fact that composites are used to make vehicles lighter, safer, and more fuel-efficient. The report includes an analysis of other segments such as plastics, metals, fabric, leather, others.
Get Detailed COVID-19 Impact Analysis on the Automotive Interior Materials Market @ https://www.alliedmarketresearch.com/request-for-customization/2037?reqfor=covid
The door panel segment to portray the highest CAGR through 2030
By application, the door panel segment is projected to manifest the highest CAGR of 4.3% during the forecast period. In addition, the segment dominated the market in terms of revenue, contributing to nearly two-fifths of the global automotive interior materials market. This is because it serves as an interface between the interior of the car and inner workings of the door. The report includes an analysis of the other segments including dashboard, seats, floor carpets, others.
Asia-Pacific to hold the largest share
By region, the market across Asia-Pacific held the largest share in 2020, accounting for nearly half of the market. In addition, region would register the highest CAGR of 4.3% from 2021 to 2030, due to rise in urbanization and increase in demand for automotives across the region. The report includes analysis of the global automotive interior materials market across North America, Europe, and LAMEA.
Major Market Players
- 3M
- ARKEMA Group
- BASF SE
- Covestro AG
- Dow
- Evonik Industries AG
- Hexcel Corporation
- Huntsman International LLC
- Stahl Holdings B.V.
- Wacker Chemie AG
Interested in Procuring This Report? Visit Here:
https://www.alliedmarketresearch.com/automotive-interior-materials-market/purchase-options
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Automotive Lubricants Market: Global Opportunity Analysis and Industry Forecast, 2016-2022
Automotive Adhesives Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
Automotive Refinish Coatings Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2021
Aerospace Materials Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
OLED Materials Market: Global Opportunity Analysis and Industry Forecast, 2017-2023
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com
Follow Us on:LinkedIn
Twitter
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
