Automotive interior surface materials are used in the interior of various vehicles and offers an attractive look, improved sustainability, and enhanced reliability to automobiles. They are used in the manufacturing of automotive interior components such as steering wheels, roof & floor, leather, seatbelts, airbags, and other interior part of the vehicle. The different types of material used in the interior part of commercial and passenger cars include fabric, leather, polymer, and other type of materials.
The major factors which are driving the growth of the Global Automotive Interior Surface Materials market include the growing demand for customization and comfort, rising usage of smart interior fabrics and the continuous development in automotive industry. The growing number of passenger cars worldwide along with the change in lifestyle of consumers are also boosting the demand for automotive interior surface materials. Moreover, growing adoption of nanomaterial in automotive fabrics, and increasing implementation of green technology in automotive leather manufacturing are further expected to fuel the growth of the market during the forecast period. Technological development in the production process are resulting in reduced cost of production of automotive interior surface material, thereby attracting a large number of customers towards the market. However, erroneous disposal of effluents is affecting the leather market, which in turn, will hamper the growth of the market.
Based on the type, the polymer segment is expected to grow at a higher CAGR in the market during the forecast period. The polymer is most commonly and widely used material in the automotive interior surface as compared to other type material due to its exceptional benefits. The increasing adoption of polymer in automotive interior is also driven by its ability to minimize weight of vehicle and increase fuel efficiency.
Based on the vehicle type, the passenger vehicle segment is projected to grow at a higher CAGR in the market during the forecast period owing to the increasing demand for passenger vehicle, changing living standard of consumers, increasing per capita income, and improving economic conditions across the globe.
Based on the region, Asia-pacific is projected to grow at a higher CAGR in the global Automotive Interior Surface Materials market during the forecast period owing to the rising demand for commercial and personal cars across the region due to increasing population. In addition to this, the rapidly growing demand for fuel efficient automotive in this region are also increasing the demand for lightweight automotive interior surface materials.
The major key players in the market include Lear Corporation, Adient plc, Toyota Boshoku Corporation, Faurecia S.A., Toyoda Gosei Co., Ltd., Sage Automotive Interiors Inc., Grupo Antolin, Yanfeng Automotive Interiors, Seiren Co., Ltd., DK Leather Corporation Berhad, among others.
- In 2018, Continental launched production of premium automotive interior surfaces in India by 2020. A 12,000 square meters manufacturing facility with an initial annual capacity of 5 million square meters is to be built on the four-hectare plot.
The Global Automotive Interior Surface Materials market has been segmented based on the Type, Vehicle Type, Application and Region. Based on Type, the market is segmented into Polymers, Genuine Leather, Fabric¸ Synthetic Leather, and Others. The synthetic leather is further segmented into PU Leather and PVC Leather. Based on Vehicle Type, the market is segmented into Passenger Vehicles, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV). Based on the Application, the market is segmented into Dashboard, Seats, Airbag & Seat Belts, Door Panels & Trims, Carpets & Headliners, and Others.
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