Automotive Interior Materials Market to be driven by call for Environmentally-friendliness and Vehicle Safety
Government regulations are in place regarding vehicle safety, reducing carbon emission, and vehicles being lightweight. As such, the OEMs are under mandates to come up with fuel-efficient lightweight vehicles. EPA has stated that every 100 pounds that are taken from the vehicle do increase fuel economy by around 1-2%. Upholstery could be made flexible as well as light for replacing with plastic of similar volume, as the mass of plastic components is higher than textile. Conventional fabrics fall short as far as protection from dirt and dust is concerned. Nanomaterials overpower them in terms of wear and tear, durability, ventilation, and resistance against fire. Nanomaterials are capable of providing cost-effective solutions as well.
The ongoing trend implies emergence of textiles with antibacterial or antimicrobial properties, as hygiene in the interiors of the car could be improved upon and unpleasant odor could also be eliminated. Nanotechnology-based passive approach makes use of silver (Ag) nanoparticles that prove to be effective against bacteria on being added to textile.
However, non-uniformity of regulations regarding safety may restrain the automotive interior materials market. For instance – Europe has its own standards regarding flammability, recyclability regulations, toxicity, and the Asia-Pacific has its own. Persistence Market Research has mentioned these details with insights in its latest market study entitled “Automotive Interior Materials Market”.
Automotive Interior Materials Market Segregation
The global automotive interior materials market, by type of material, says genuine leather, synthetic leather, thermoplastic, and fabric. By type of vehicle, it’s passenger cars (sub-compact, compact, sedan, mid-size, luxury, and van), HCV, and LCV. By application, it’s seats, dashboard, airbags & seat belts, door panel & trims, carpet and headliners, and likewise. Persistence Market Research has given a detailed analysis of the findings as well subsequent steps to be taken in its latest market study entitled “Automotive Interior Materials Market”.
Europe holds a significant market share. This could be credited to the customers vying for automotive interiors. North America is also a good revenue generator on this count. This could be attributed to excessive dependence of the population on cars for commuting. The Asia-Pacific is also expected to witness reasonable growth in the automotive interior materials market in the forecast period. However, MEA is poised to grow irrevocably in the near future. Nigeria, Egypt, and South Africa would be holding the baton. This could be reasoned with rapid development of infrastructure and need for heavy commercial vehicles. Persistence Market has mentioned about these developments along with insights in its latest market study entitled “Automotive Interior Materials Market”.
Persistence Market Research has profiled the key players in automotive interior materials market as Toyota Boshoku Corporation, Toyoda Gosei Co., Ltd., Adient plc, Grupo Antolin, Faurecia S.A., Lear Corporation, and Sage Automotive Interiors, Inc. It has taken a step further with listing the developments herein. For instance – SABIC, in May 2018, did launch the PP compounds portfolio to cater to automotive interior applications, thereby strengthening its foothold in the market. Also, Adient plc, in May 2018, did announce opening of the fabric plant at Kenitra (Morocco). The plant does produce high-class materials for the automotive seating. As such, southern Europe and Northern Africa are witnessing the company addressing customers like PSA, Opel, Nissan, Renault, and BMW.
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