Automotive Interior Material Market By Type (Fabric, Artificial PU Leather, Synthetic Leather, Genuine Leather, Artificial PVC Leather, Thermoplastic Polymer), Industry Size, Growth, Share And Forecast To 2022
Key Findings
The global automotive interior material market is estimated to grow at a significant rate of 13.2% during the forecast period 2016-2022. Growing demand for smart fabrics in the end user markets and increasing sale of automobiles in Asia Pacific and North American region are the key factors driving the market growth. Other factors driving the growth of the global automotive interior materials market include the increase in product differentiation by consumers, growing sales of lightweight vehicles, and shift in the focus of automakers towards the “smart” textiles. Further, technological advancements such as use of Nano technology in the fabrics and integrating green technology with automotive leather products would create new growth opportunities for the market in the future.
High demand for fuel-efficient and premium aesthetics automobiles has resulted in OEMs increased concentration on lightweight and fine interior materials. Rise in sale of luxury vehicles and increasing focus on high quality interior components such as upholstery, seat, trunk & floor carpets, seat belts, dashboards, etc. has boosted the consumption of high quality material by the manufactures. This has augmented the growth of global automotive interior material market. Apart from luxury and premium cars, mid-sized and economical vehicles are also offering high end interiors in the automotives to gain the competitive advantage. Moreover, OEMs are using cost-efficient and advanced technologies & interior materials to properly channelize the demand in the economical car sector.
Large quantity waste generation during the leather manufacturing process coupled with soaring prices of leathers would slow down the overall market growth in the future. Further, the restrictions by government regarding the use of materials such as PVC leather would also hamper the growth of the global automotive interior material market. The production cost in the overall value chain and production stages is expected to go up as a result of regulatory frameworks, which would reduce the profitability by increasing the production cost. Application of nanotechnology for developing novel lightweight materials will be creating new growth opportunities through increased fuel efficiency along with cutting down the production cost.
Market Segment Insights
The global automotive interior material market is segmented on the basis of types, which includes fabrics, genuine leather, artificial PU leather, artificial PVC leather, synthetic leather, and thermoplastic polymer. Synthetic leather, currently generates maximum revenue in the global automotive interior materials. It has more ecological footprints, is inexpensive as compared to genuine leather which is extracted from the tanned animal hides. Synthetic leather helps OEMs in easy customization of interiors owing to its varied colors and high flexibility. Compared to genuine or artificial leather, synthetic leather does not fade easily when exposed to sunlight over an extended period. Asia Pacific dominated the synthetic leather market, in terms of value and volume, due growth of luxury vehicles’ production. Further, the market in the Asia Pacific region is expected to register high compound annual growth rate during the forecast period. Mexico will be the fastest growing synthetic leather market during the period. The artificial PU leather will be the fastest growing automotive interior material segment by type.
Regional Insights
Geographically, the market is segmented into North America, Latin America, the Middle East and Africa, and Asia Pacific and Europe. Asia-Pacific is currently the largest market for automotive interior materials, holding around half of the market share. Due to high disposable income, China is the largest market for the automotive interior material market. Rapidly growing automotive industry, competitive manufacturing costs, and high economic growth rate are the factors driving the growth of automotive interior materials market in the region. Further, many manufacturers are investing in the Asia Pacific region owing to supportive government policies and other related subsidies, which is further resulting in market traction.
Competitive Insights
Key players operating in the market include Faurecia S.A, DK Leather Corporation Berhad, International Textile Group Inc., Lear Corporation, BASF S.E., Johnson Controls Inc., Dow Chemical Company, E. I. DU Pont DE Nemours, Borgers A.G., Eagle Ottawa, LLC, Katzkin Leather Interiors Inc. and Sage Automotive Interiors Inc. To cut down the cost and increase the market share, companies are leveraging natural raw materials and are focusing on R&D to leverage innovation. The companies have entered into agreements, are practicing mergers, and expanding production capacities to remain competitive in the global market.
These key players in the market are continuously expanding their global presence into emerging countries by cutting down the production cost and investing in new manufacturing plants in close proximity to the developing regions. However, these players are primarily spending profoundly on merger and acquisition activities to strengthen their technical know-how and are expanding their presence globally. In future, innovation would be the key strategy for the companies to remain competitive in the market.
1. Methodology & Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
2. Executive Summary
2.1. Global Automotive Interior Material Market Summary & Key Buying Criteria
2.2. Global Automotive Interior Material Market Outlook
2.3. Market Segmentation Analysis
2.4. Market Size And Growth Prospects 2012-2022
2.5. Automotive Interior Material Market Value Chain Analysis
2.6. Vendor Landscape
3. Global Automotive Interior Material Market Dynamics
3.1. Market driver analysis
3.1.1. Reduce Weight to Optimize Efficiency
3.1.2. Rising Demand for Automobiles in Asia Pacific and North America
3.1.3. Increasing demand for Smart Fabrics in Mature Markets
3.2. Market restraint analysis
3.2.1. PVC leather witnesses a declining demand following PVC ban in Europe and North America
3.2.2. Questionable effluent disposal from tanning industry affecting pure leather growth in most markets
3.2.3. Increasing raw material costs
3.3. Key opportunities
3.3.1. Integrating green technology in automotive leather manufacturing
3.3.2. Automotive fabrics combining nano-materials
3.3.3. Technological advancements
3.4. Key Challenges
3.4.1. Stringent government regulations related to leather production
3.4.2. Highly competitive market
4. Industry Analysis
4.1. Global automotive interior material market– Porter’s five forces model
4.2. Global automotive interior material market– PESTEL Analysis
4.3. Global automotive interior material market – Gap analysis
5. Global Automotive Interior Material Market by Type 2012-2022 ($ Million)
5.1. Global Automotive Interior Material Market by Fabric 2012-2022 ($ Million)
5.2. Global Automotive Interior Material Market by Artificial PU Leather 2012-2022 ($ Million)
5.3. Global Automotive Interior Material Market by Synthetic Leather 2012-2022 ($ Million)
5.4. Global Automotive Interior Material Market by Genuine Leather 2012-2022 ($ Million)
5.5. Global Automotive Interior Material Market by Artificial PVC Leather 2012-2022 ($ Million)
5.6. Global Automotive Interior Material Market by Thermoplastic Polymer 2012-2022 ($ Million)
6. Global Automotive Interior Material Industry Regional Outlook 2012-2022 ($ Million)
6.1. Global Carbon Fiber Market by region 2012-2022 ($ Million)
6.2. North America
6.2.1. North America market estimates and forecast 2012 – 2022 ($ Million)
6.2.2. North America market estimates and forecast by application 2012 – 2022 ($ Million)
6.2.3. North America market estimates and forecast by region 2012 – 2022 ($ Million)
6.2.3.1. U.S.
6.2.3.1.1. U.S. market estimates and forecast 2012 – 2022 ($ Million)
6.2.3.1.2. U.S. market estimates and forecast by application 2012 – 2022 ($ Million)
6.2.3.2. Canada
6.2.3.2.1. Canada market estimates and forecast 2012 – 2022 ($ Million)
6.2.3.2.2. Canada market estimates and forecast by application 2012 – 2022 ($ Million)
6.2.3.3. Mexico
6.2.3.3.1. Mexico market estimates and forecast 2012 – 2022 ($ Million)
6.2.3.3.2. Mexico market estimates and forecast by application 2012 – 2022 ($ Million)
6.3. Europe
6.3.1. Europe market estimates and forecast 2012 – 2022 ($ Million)
6.3.2. Europe market estimates and forecast by application 2012 – 2022 ($ Million)
6.3.3. Europe market estimates and forecast by region 2012 – 2022 ($ Million)
6.3.3.1. Germany
6.3.3.1.1. Germany market estimates and forecast 2012 – 2022 ($ Million)
6.3.3.1.2. Germany market estimates and forecast by application 2012 – 2022 ($ Million)
6.3.3.2. UK
6.3.3.2.1. UK market estimates and forecast 2012 – 2022 ($ Million)
6.3.3.2.2. UK Market estimates and forecast by application 2012 – 2022 ($ Million)
6.3.3.3. France
6.3.3.3.1. France market estimates and forecast 2012 – 2022 ($ Million)
6.3.3.3.2. France market estimates and forecast by application 2012 – 2022 ($ Million)
6.3.3.4. Italy
6.3.3.4.1. Italy market estimates and forecast 2012 – 2022 ($ Million)
6.3.3.4.2. Italy market estimates and forecast by application 2012 – 2022 ($ Million)
6.4. Asia Pacific
6.4.1. Asia Pacific market estimates and forecast 2012 – 2022 ($ Million)
6.4.2. Asia Pacific market estimates and forecast by application 2012 – 2022 ($ Million)
6.4.3. Asia Pacific market estimates and forecast by region 2012 – 2022 ($ Million)
6.4.3.1. China
6.4.3.1.1. China market estimates and forecast 2012 – 2022 ($ Million)
6.4.3.1.2. China market estimates and forecast by application 2012 – 2022 ($ Million)
6.4.3.2. India
6.4.3.2.1. India market estimates and forecast 2012 – 2022 ($ Million)
6.4.3.2.2. India market estimates and forecast by application 2012 – 2022 ($ Million)
6.4.3.3. JAPAN
6.4.3.3.1. Japan market estimates and forecast 2012 – 2022 ($ Million)
6.4.3.3.2. Japan market estimates and forecast by application 2012 – 2022 ($ Million)
6.4.3.4. RoAPAC
6.4.3.4.1. RoAPAC market estimates and forecast 2012 – 2022 ($ Million)
6.4.3.4.2. RoAPAC market estimates and forecast by application 2012 – 2022 ($ Million)
6.5. Middle East & Africa
6.5.1. Middle East & Africa market estimates and forecast 2012 – 2022 ($ Million)
6.5.2. Middle East & Africa market estimates and forecast by application 2012 – 2022 ($ Million)
6.6. Central & South America
6.6.1. Central & South America market estimates and forecast 2012 – 2022 ($ Million)
6.6.2. Central & South America market estimates and forecast by application 2012 – 2022 ($ Million)
6.6.2.1. Brazil
6.6.2.1.1. Brazil market estimates and forecast 2012 – 2022 ($ Million)
6.6.2.1.2. Brazil market estimates and forecast by application 2012 – 2022 ($ Million)
7. Competitive Landscape
7.1. BASF SE
7.1.1. Company Overview
7.1.1.1. SCOT analysis
7.1.1.2. Product Benchmarking
7.1.2. Strategic Initiatives
7.2. Borgers A.G.
7.2.1. Company Overview
7.2.2. SCOT analysis
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. DK Leather Corporation Berhad
7.3.1. Company Overview
7.3.2. SCOT analysis
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Dow Chemical Company
7.4.1. Company Overview
7.4.2. SCOT analysis
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Eagle Ottawa
7.5.1. Company Overview
7.5.2. SCOT analysis
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. E. I. DU Pont DE Nemours
7.6.1. Company Overview
7.6.2. SCOT analysis
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Faurecia S.A
7.7.1. Company Overview
7.7.2. SCOT analysis
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. GrupoAntolin-Irausa, S.A.
7.8.1. Company Overview
7.8.2. SCOT analysis
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. International Textile Group Inc.Company
7.9.1. CompanyOverview
7.9.2. SCOT analysis
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Johnson Controls Inc.
7.10.1. Company Overview
7.10.2. SCOT analysis
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Katzkin Leather Interiors Inc.
7.11.1. Company Overview
7.11.2. SCOT analysis
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives
7.12. Lear Corporation
7.12.1. Company Overview
7.12.2. SCOT analysis
7.12.3. Product Benchmarking
7.12.4. Strategic Initiatives
7.13. Sage Automotive Interiors Inc.
7.13.1. Company Overview
7.13.2. SCOT analysis
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Seiren Co., Ltd.
7.14.1. Company Overview
7.14.2. SCOT analysis
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Toyota Boshoku Corporation
7.15.1. Company Overview
7.15.2. SCOT analysis
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
1. Global Automotive Interior Material Market by Type 2012-2022 ($ Million)
2. Global Automotive Interior Material Market by region 2012-2022 ($ Million)
3. North America market estimates and forecast by application 2012 – 2022 ($ Million)
4. North America market estimates and forecast by region 2012 – 2022 ($ Million)
5. U.S. market estimates and forecast by application 2012 – 2022 ($ Million)
6. Canada market estimates and forecast by application 2012 – 2022 ($ Million)
7. Mexico market estimates and forecast by application 2012 – 2022 ($ Million)
8. Europe market estimates and forecast by application 2012 – 2022 ($ Million)
9. Europe market estimates and forecast by region 2012 – 2022 ($ Million)
10. Germany market estimates and forecast by application 2012 – 2022 ($ Million)
11. UK Market estimates and forecast by application 2012 – 2022 ($ Million)
12. France market estimates and forecast by application 2012 – 2022 ($ Million)
13. Italy market estimates and forecast by application 2012 – 2022 ($ Million)
14. Asia Pacific market estimates and forecast by application 2012 – 2022 ($ Million)
15. Asia Pacific market estimates and forecast by region 2012 – 2022 ($ Million)
16. China market estimates and forecast by application 2012 – 2022 ($ Million)
17. India market estimates and forecast by application 2012 – 2022 ($ Million)
18. Japan market estimates and forecast by application 2012 – 2022 ($ Million)
19. RoAPAC market estimates and forecast by application 2012 – 2022 ($ Million)
20. Middle East & Africa market estimates and forecast by application 2012 – 2022 ($ Million)
21. Central & South America market estimates and forecast by application 2012 – 2022 ($ Million)
22. Brazil market estimates and forecast by application 2012 – 2022 ($ Million)
1. Global Automotive Interior Material Market by Fabric 2012-2022 ($ Million)
2. Global Automotive Interior Material Market by Artificial PU Leather 2012-2022 ($ Million)
3. Global Automotive Interior Material Market by Synthetic Leather 2012-2022 ($ Million)
4. Global Automotive Interior Material Market by Genuine Leather 2012-2022 ($ Million)
5. Global Automotive Interior Material Market by Artificial PVC Leather 2012-2022 ($ Million)
6. Global Automotive Interior Material Market by Thermoplastic Polymer 2012-2022 ($ Million)
7. North America market estimates and forecast 2012 – 2022 ($ Million)
8. United states market estimates and forecast 2012 – 2022 ($ Million)
9. Canada market estimates and forecast 2012 – 2022 ($ Million)
10. Mexico market estimates and forecast 2012 – 2022 ($ Million)
11. Europe market estimates and forecast 2012 – 2022 ($ Million)
12. Germany market estimates and forecast 2012 – 2022 ($ Million)
13. UK market estimates and forecast 2012 – 2022 ($ Million)
14. France market estimates and forecast 2012 – 2022 ($ Million)
15. Italy market estimates and forecast 2012 – 2022 ($ Million)
16. Asia Pacific market estimates and forecast 2012 – 2022 ($ Million)
17. China market estimates and forecast 2012 – 2022 ($ Million)
18. India market estimates and forecast 2012 – 2022 ($ Million)
19. Japan market estimates and forecast 2012 – 2022 ($ Million)
20. RoAPAC market estimates and forecast 2012 – 2022 ($ Million)
21. Middle East & Africa market estimates and forecast 2012 – 2022 ($ Million)
22. Central & South America market estimates and forecast 2012 – 2022 ($ Million)
23. Brazil market estimates and forecast 2012 – 2022 ($ Million)
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