Automotive interior materials are used in the interiors of automobiles and vehicles. There are six kinds of automotive interior materials. These include textiles, authentic leather, artificial PVC leather, thermoplastic polymers, artificial PU leather and synthetic leather. They are utilized to produce automotive products, such as seat belts, upholstery, seat structures, air bags, headliners and floor and trunk carpets.
The worldwide automotive interior materials market has expanded considerably in the years gone by. It is estimated to expand further through the next five years. The market is propelled, primarily by growing demand for automotive interior materials from the regions of Asia Pacific and North America. Asia Pacific is the biggest client of the automotive interior materials market.
Asia Pacific would rise at about 13 percent CAGR during 2014 to 2019. Japan, China, South Korea and India are the prime markets of Asia Pacific. Increased demand for the automotive interior materials market in these regions is driven by the expanding automotives industry, profuse unrefined materials and lower conveyance and labor expenditures.
Light metal alloys and new technologies are propelling the charisma of the automotive interior materials market. Continual research and development in automotive materials might show the way to multiple growth opportunities for the market. The market is anticipated to achieve around USD 82 billion by 2019. Synthetic leather is the largest sector of the automotive interior materials market.
Synthetic leather is a reasonably rated, more flexible and environment friendly substitute to genuine leather. Artificial PU leather is, at present, the most swiftly expanding sector of the market. The artificial PU leather market is anticipated to increase at about 14 percent CAGR during 2014 to 2019.
Information Source: Radiant Insights