Automotive Interior Materials Market Overview
The global Automobile Interior Materials Market was estimated at $55.5 billion in 2021 and is expected to increase at a CAGR of 3.98% from 2023 to 2030, reaching $80.6 billion by 2030.
Automotive interior materials are crucial in the manufacture of vehicles. Therefore, the dynamics are closely dependent on the demand and production of vehicles. Additionally, the market for automotive interior materials also depends on government rules and regulations, mainly for the leather industry, pricing, and availability of automotive interior materials. The global market for Automotive Interior Materials is expected to witness robust growth during the forthcoming years. This is mainly due to the growing demand for low-emission materials, mainly in developing countries, and the rising implementation of stringent fuel economy standards across the world.
Growth in demand for vehicles due to the rise in disposable income in developing countries such as India, China, and Brazil is boosting the demand for automotive interior materials. Eventually, it propels the growth of the global Automotive Interior Materials market. Furthermore, the rise in focus on interior compartments of the vehicles and increase in the need to make vehicle interiors comfortable and esthetically pleasing are key factors estimated to drive the growth of the Automotive Interior Materials market. The innovative automotive designs and the substantial rise of the global economy offer several opportunities to market participants for market growth. In addition, the leading players in the global automotive interior materials market boost their presence across the globe by increasing their reach into emerging markets by reducing product costs and setting up production units. These are some key aspects that intensify the growth of the Automotive Interior Materials market.
On the other hand, the increasing cost of genuine leather, because of the demand-supply gap and the increasing number of regulations over the usage of synthetic leather are expected to hamper the market’s growth in the forthcoming years. Besides this, technological progressions in the manufacturing procedures of automotive materials are estimated to support lowering the cost of production and improving performance.
COVID-19 Impact on the Automotive Interior Materials Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt on many end-use industries directly affected the chemical demand all around the world.
Automotive Interior Materials Market Segment Overview
Based on Material Type, the Polymers segment is expected to account for the largest share during the forecast period. Polymers are an extensively used type of automotive interior material. Demand is growing for lightweight and durable interior components. These polymers are used for the manufacture of several interior parts, such as dashboards, center consoles, door panels, etc. Furthermore, owing to stringent environmental regulations, automotive companies are focusing on the overall weight reduction of vehicles to minimize carbon emissions, hence boosting the demand for polymers in the automotive interiors materials market.
Automotive Interior Materials Market, By Material Type
· Upholstery
· Dashboard
· Seats
· Door Panels
· Floor And Roofing
· Seatbelts
· Airbags
· Others
Automotive Interior Materials Regional Overview
In terms of region, Asia Pacific is the prominent region for the Automotive Interior Materials market. Countries such as Japan, China, South Korea, and India are manufacturing hubs. Consequently, consumption of automotive interior materials is significantly high in these countries. Similarly, Europe is another big market for automotive interior materials, mainly due to the high demand for these materials in automotive production. Besides, the automotive industry in North America has been expanding at a large level. This results in huge demand for automotive interior materials in this region. Further, the market in the Middle East & Africa is also anticipated to show strong growth in terms of consumption of these materials.
Automotive Interior Materials Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive Interior Materials Market Competitor overview
Some key developments and strategies adopted by manufacturers in Automotive Interior Materials are highlighted below.
· In September 2021, Shawmut Corporation, a global manufacturer of advanced materials and a leading global provider of automotive interior fabrics, revealed its premium automotive interior fabric, Neoluxe™. Shawmut will be exhibiting the luxury Neoluxe™ fabric family to some of the world’s leading automotive manufacturers in partnership with the Zettl Group at the 2021 IAA Mobility Conference and Auto Show in Munich, Germany.
Automotive Interior Materials Market, Key Players
· FAURECIA AUTOMOTIVE GMBH
· SAGE AUTOMOTIVE INTERIORS, INC.
· LEAR CORPORATION
· BENECKE-KALIKO AG
· JOHNSON CONTROLS, INC.
· EAGLE OTTAWA LLC
· BORGERS SE & CO. KGAA
· DK-SCHWEIZER CO.
· KATZKIN LEATHER, INC.
· E.I. DU PONT DE NEMOURS & CO.
· THE DOW CHEMICAL COMPANY
· BASF SE
The global Automobile Interior Materials Market was estimated at $55.5 billion in 2021 and is expected to increase at a CAGR of 3.98% from 2023 to 2030, reaching $80.6 billion by 2030.
Automotive interior materials are crucial in the manufacture of vehicles. Therefore, the dynamics are closely dependent on the demand and production of vehicles. Additionally, the market for automotive interior materials also depends on government rules and regulations, mainly for the leather industry, pricing, and availability of automotive interior materials. The global market for Automotive Interior Materials is expected to witness robust growth during the forthcoming years. This is mainly due to the growing demand for low-emission materials, mainly in developing countries, and the rising implementation of stringent fuel economy standards across the world.
Growth in demand for vehicles due to the rise in disposable income in developing countries such as India, China, and Brazil is boosting the demand for automotive interior materials. Eventually, it propels the growth of the global Automotive Interior Materials market. Furthermore, the rise in focus on interior compartments of the vehicles and increase in the need to make vehicle interiors comfortable and esthetically pleasing are key factors estimated to drive the growth of the Automotive Interior Materials market. The innovative automotive designs and the substantial rise of the global economy offer several opportunities to market participants for market growth. In addition, the leading players in the global automotive interior materials market boost their presence across the globe by increasing their reach into emerging markets by reducing product costs and setting up production units. These are some key aspects that intensify the growth of the Automotive Interior Materials market.
On the other hand, the increasing cost of genuine leather, because of the demand-supply gap and the increasing number of regulations over the usage of synthetic leather are expected to hamper the market’s growth in the forthcoming years. Besides this, technological progressions in the manufacturing procedures of automotive materials are estimated to support lowering the cost of production and improving performance.
COVID-19 Impact on the Automotive Interior Materials Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt on many end-use industries directly affected the chemical demand all around the world.
Automotive Interior Materials Market Segment Overview
Based on Material Type, the Polymers segment is expected to account for the largest share during the forecast period. Polymers are an extensively used type of automotive interior material. Demand is growing for lightweight and durable interior components. These polymers are used for the manufacture of several interior parts, such as dashboards, center consoles, door panels, etc. Furthermore, owing to stringent environmental regulations, automotive companies are focusing on the overall weight reduction of vehicles to minimize carbon emissions, hence boosting the demand for polymers in the automotive interiors materials market.
Automotive Interior Materials Market, By Material Type
- Fabric
- Leather
- genuine leather
- PU leather
- PVC leather
- Polymers
- Metals
- Others (Wood, etc.)
- Passenger Vehicles
- compact
- mid-size
- sedan
- sports utility
- luxury
- vans
- multi utility
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others (Off-Road Vehicles, Etc.)
· Upholstery
· Dashboard
· Seats
· Door Panels
· Floor And Roofing
· Seatbelts
· Airbags
· Others
Automotive Interior Materials Regional Overview
In terms of region, Asia Pacific is the prominent region for the Automotive Interior Materials market. Countries such as Japan, China, South Korea, and India are manufacturing hubs. Consequently, consumption of automotive interior materials is significantly high in these countries. Similarly, Europe is another big market for automotive interior materials, mainly due to the high demand for these materials in automotive production. Besides, the automotive industry in North America has been expanding at a large level. This results in huge demand for automotive interior materials in this region. Further, the market in the Middle East & Africa is also anticipated to show strong growth in terms of consumption of these materials.
Automotive Interior Materials Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive Interior Materials Market Competitor overview
Some key developments and strategies adopted by manufacturers in Automotive Interior Materials are highlighted below.
· In September 2021, Shawmut Corporation, a global manufacturer of advanced materials and a leading global provider of automotive interior fabrics, revealed its premium automotive interior fabric, Neoluxe™. Shawmut will be exhibiting the luxury Neoluxe™ fabric family to some of the world’s leading automotive manufacturers in partnership with the Zettl Group at the 2021 IAA Mobility Conference and Auto Show in Munich, Germany.
Automotive Interior Materials Market, Key Players
· FAURECIA AUTOMOTIVE GMBH
· SAGE AUTOMOTIVE INTERIORS, INC.
· LEAR CORPORATION
· BENECKE-KALIKO AG
· JOHNSON CONTROLS, INC.
· EAGLE OTTAWA LLC
· BORGERS SE & CO. KGAA
· DK-SCHWEIZER CO.
· KATZKIN LEATHER, INC.
· E.I. DU PONT DE NEMOURS & CO.
· THE DOW CHEMICAL COMPANY
· BASF SE
Automotive Interior Materials Market Study Global Market Analysis, Insights and Forecast, 2023-2030
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive Interior Materials Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Material Type
- 5.2.1. Fabric
- 5.2.2. Leather
- 5.2.2.1. genuine leather
- 5.2.2.2. PU leather
- 5.2.2.3. PVC leather
- 5.2.3. Polymers
- 5.2.4. Metals
- 5.2.5. Others (Wood, etc.)
- 5.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.3.1. Passenger Vehicles
- 5.3.1.1. compact
- 5.3.1.2. mid-size
- 5.3.1.3. sedan
- 5.3.1.4. sports utility
- 5.3.1.5. luxury
- 5.3.1.6. vans
- 5.3.1.7. multi utility
- 5.3.2. Light Commercial Vehicles
- 5.3.3. Heavy Commercial Vehicles
- 5.3.4. Others (Off-Road Vehicles, Etc.)
- 5.3.1. Passenger Vehicles
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Upholstery
- 5.4.2. Dashboard
- 5.4.3. Seats
- 5.4.4. Door Panels
- 5.4.5. Floor And Roofing
- 5.4.6. Seatbelts
- 5.4.7. Airbags
- 5.4.8. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Automotive Interior Materials Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material Type
- 6.2.1. Fabric
- 6.2.2. Leather
- 6.2.2.1. genuine leather
- 6.2.2.2. PU leather
- 6.2.2.3. PVC leather
- 6.2.3. Polymers
- 6.2.4. Metals
- 6.2.5. Others (Wood, etc.)
- 6.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.3.1. Passenger Vehicles
- 6.3.1.1. compact
- 6.3.1.2. mid-size
- 6.3.1.3. sedan
- 6.3.1.4. sports utility
- 6.3.1.5. luxury
- 6.3.1.6. vans
- 6.3.1.7. multi utility
- 6.3.2. Light Commercial Vehicles
- 6.3.3. Heavy Commercial Vehicles
- 6.3.4. Others (Off-Road Vehicles, Etc.)
- 6.3.1. Passenger Vehicles
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Upholstery
- 6.4.2. Dashboard
- 6.4.3. Seats
- 6.4.4. Door Panels
- 6.4.5. Floor And Roofing
- 6.4.6. Seatbelts
- 6.4.7. Airbags
- 6.4.8. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Automotive Interior Materials Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Material Type
- 7.2.1. Fabric
- 7.2.2. Leather
- 7.2.2.1. genuine leather
- 7.2.2.2. PU leather
- 7.2.2.3. PVC leather
- 7.2.3. Polymers
- 7.2.4. Metals
- 7.2.5. Others (Wood, etc.)
- 7.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.3.1. Passenger Vehicles
- 7.3.1.1. compact
- 7.3.1.2. mid-size
- 7.3.1.3. sedan
- 7.3.1.4. sports utility
- 7.3.1.5. luxury
- 7.3.1.6. vans
- 7.3.1.7. multi utility
- 7.3.2. Light Commercial Vehicles
- 7.3.3. Heavy Commercial Vehicles
- 7.3.4. Others (Off-Road Vehicles, Etc.)
- 7.3.1. Passenger Vehicles
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Upholstery
- 7.4.2. Dashboard
- 7.4.3. Seats
- 7.4.4. Door Panels
- 7.4.5. Floor And Roofing
- 7.4.6. Seatbelts
- 7.4.7. Airbags
- 7.4.8. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Automotive Interior Materials Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Material Type
- 8.2.1. Fabric
- 8.2.2. Leather
- 8.2.2.1. genuine leather
- 8.2.2.2. PU leather
- 8.2.2.3. PVC leather
- 8.2.3. Polymers
- 8.2.4. Metals
- 8.2.5. Others (Wood, etc.)
- 8.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.3.1. Passenger Vehicles
- 8.3.1.1. compact
- 8.3.1.2. mid-size
- 8.3.1.3. sedan
- 8.3.1.4. sports utility
- 8.3.1.5. luxury
- 8.3.1.6. vans
- 8.3.1.7. multi utility
- 8.3.2. Light Commercial Vehicles
- 8.3.3. Heavy Commercial Vehicles
- 8.3.4. Others (Off-Road Vehicles, Etc.)
- 8.3.1. Passenger Vehicles
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Upholstery
- 8.4.2. Dashboard
- 8.4.3. Seats
- 8.4.4. Door Panels
- 8.4.5. Floor And Roofing
- 8.4.6. Seatbelts
- 8.4.7. Airbags
- 8.4.8. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Automotive Interior Materials Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Material Type
- 9.2.1. Fabric
- 9.2.2. Leather
- 9.2.2.1. genuine leather
- 9.2.2.2. PU leather
- 9.2.2.3. PVC leather
- 9.2.3. Polymers
- 9.2.4. Metals
- 9.2.5. Others (Wood, etc.)
- 9.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.3.1. Passenger Vehicles
- 9.3.1.1. compact
- 9.3.1.2. mid-size
- 9.3.1.3. sedan
- 9.3.1.4. sports utility
- 9.3.1.5. luxury
- 9.3.1.6. vans
- 9.3.1.7. multi utility
- 9.3.2. Light Commercial Vehicles
- 9.3.3. Heavy Commercial Vehicles
- 9.3.4. Others (Off-Road Vehicles, Etc.)
- 9.3.1. Passenger Vehicles
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Upholstery
- 9.4.2. Dashboard
- 9.4.3. Seats
- 9.4.4. Door Panels
- 9.4.5. Floor And Roofing
- 9.4.6. Seatbelts
- 9.4.7. Airbags
- 9.4.8. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Faurecia S.A.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Lear Corporation
- 10.6. Johnson Controls
- 10.7. Toyota Boshoku
- 10.8. DK Leather Corporation Berhad
- 10.9. Grupo Antolin
- 10.10. Toyoda Gosei Co., Ltd.
- 10.11. Adient plc
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
