Automotive Interior Materials Market Analysis, Dynamics, Forecast and Supply Demand 2029Posted by aartimurkute on September 16th, 2022 Over the past few years, growing environmental concerns have pushed the automotive industry to adopt sustainable practices. From introducing stringent emission norms to rapid electrification, every aspect of modern automobiles is being scrutinised for their potential environmental footprint. The automotive interior materials have traditionally included heavy amounts of plastics. To comply with the demand for eco-friendly best practices, automotive interiors have started to include sustainable materials such as bioplastics instead. These materials are relatively lighter in weight which allows auto manufacturers to make lightweight cars. Weight reduction helps make cars more efficient and boost performance. Modern consumers are also demanding better and more customisable comfort features in modern automobiles. These factors are cumulatively expected to lead the global automotive interior materials market to sound maturity. For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/automotive-interior-materials-market Growing Focus to Adopt Bio-Based Plastics Creating Lucrative Opportunities Plastics are employed extensively across the automotive industry. Some of the key applications of plastics in the automotive industry include exteriors, interiors, and under-the-hood among others. That said, with depleting fossil fuel reserves across the globe, automotive manufacturers across the globe are switching to bio-based plastics as a replacement. These plastics also align with the goal of weight reduction and increasing fuel efficiency. Stringent environmental norms and pressure from eco-friendly organisations to curtail carbon emissions are coercing market players to adopt bio-based plastics in their cars. Paced adoption of bio-based plastics including bio polyamides (Bio-PA), polylactic (PLA) and bio-based polypropylene (Bio-PP) is set to lead the global automotive interior materials market to fruition.
Post-pandemic, the global travel and tourism industries are expected to revert to promising growth patterns. Moreover, the trend of working during travel has created a significant demand for affordable vehicles and comfortable interiors. Such developments are redefining consumer mindsets and expectations. Lately, consumers are demanding more aesthetic and comfortable vehicle interiors. With technological developments, more sophisticated drive and passenger customisation options will be available for car users. Many auto manufacturers are including recycled and sustainable materials such as cork to keep eco-friendly consumers satisfied. Such demands and market players’ efforts to meet them are poised to create growth prospects in the global automotive interior materials market. Asia Pacific to Lead Automotive Interior Materials Market Amidst Flourishing Automobile Manufacturing Activities Asia Pacific is projected to emerge as the leader in the global automotive interior materials market. This is primarily due to major regional economies such as China and India being global automotive manufacturing hubs. The manufacturing and sales of both passenger and commercial vehicles in the Asia Pacific are high. In addition, the sales of electric vehicles is showcasing tremendous growth in the region. Favourable government norms, growing disposable income, and relatively inexpensive labour are also contributing to paced growth of the automotive interior materials market in the region.
Major Market Players Some of the key players in the global automotive interior materials market include Faurecia S.A., Lear Corporation, Yanfeng Automotive Interiors, Toyota Boshoku Corporation, DuPont, Grupo Antolin, Adient Plc, and Seiren Co. Ltd. For More Information Visit: https://www.fairfieldmarketresearch.com/report/automotive-interior-materials-market About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness. Like it? Share it! More by this author |