DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xwt6p7/automotive) has announced the addition of the "Automotive Interior Materials Market by Type and Region - Trends & Forecasts to 2019" report to their offering.
The automotive interior materials market is growing at a CAGR of 12.79% between 2014 and 2019 and is expected to generate the global market size in terms of value with $82.52 billion by 2019
The report on automotive interior materials includes six different types of materials. These are fabrics, genuine leather,artificial PI leather, artificial PVC leather, synthetic leather, and thermoplastic polymer.
The global automotive interior materials market is witnessing high growth because of increasing demand for automobiles, technological advancements, and growing demand in North America and Asia-Pacific regions. Automotive interior materials are largely used for manufacturing upholstery, carpets, airbags, seat-belts, headliners, and so on. Growth for the automotive interior material market is driven by the speedy development in the automotive industry across the world. The artificial PU leather and fabrics market growth are the major market drivers for automotive interior materials. Rising prices for genuine leather and stringent regulations in European and North American markets are the major stumbling blocks for this market.
The incorporation of green technology and nanotechnology in automotive industry is expected to be the major growth opportunity for automotive interior materials market players to increase their market shares and business revenue. The use of environment-friendly leather, green chemistry in tanning process, and safe disposal of waste water in leather treatment process could be potential factors in rejuvenating the growth of genuine leather. The incorporation of nanotechnology in the automotive industry to develop lighter and more durable products will allow weight reduction and improved fuel efficiency of vehicles. On the other hand, various regulations are enforced at each level of the supply chain. To achieve profitability and sustainability in such a scenario,the market players have to find the best compromise between the regulatory framework and manufacturing costs.
Synthetic leather is the largest segment of the automotive interior materials market across the world. The market for the same is valued at $18.45 billion by 2019.
Scope of the Report
- Genuine Leathers
- Artificial PU Leather
- Artificial PVC Leather
- Synthetic Leathers
- Thermoplastic Polymers
The key participants in the global automotive interior materials market include
- Borgers A.G.(Germany)
- BASF S.E. (Germany)
- DuPont (U.S.)
- Faurecia S.A. (France)
- Lear Corporation (U.S.)
- Dow Chemical Company (U.S.)
- International Textile Group (U.S.)
- Johnson Controls Inc. (U.S.)
- Eagle Ottawa (U.S.)
- Sage Automotive Interiors (U.S.)
- Katzkin Leather Interiors Inc. (U.S.)
- DK Leather Corporation (Malaysia)
For more information visit http://www.researchandmarkets.com/research/xwt6p7/automotive