Automotive Interior Materials Market worth $82.52 Billion by 2019
29 Sep, 2014, 14:30 BST
DALLAS, September 29, 2014 /PRNewswire/ --
According to the new research report "Automotive Interior Materials Market by Type (Fabrics, Genuine Leathers, Artificial PU Leather, Artificial PVC Leather, Synthetic Leathers & Thermoplastic Polymers) and Region - Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the global automotive interior materials market with analysis and forecast of the market size by value and volume. It also identifies driving and restraining factors with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
Browse 70 Market Tables and 73 Figures spread through 200 Pages on "Automotive Interior Materials Market- Trends & Forecasts to 2019".
Early buyers will receive 10% customization on reports.
The market is segmented and values are forecast on the basis of key regions such as North America, Europe, Asia-Pacific, and RoW (Rest of the World). The key countries are covered and forecast for each region. Further, the market is segmented and values are forecast on the basis of different types of materials.
Asia-Pacific: Biggest Market of Automotive Interior Materials
Asia-Pacific is currently the largest market for automotive interior materials. China is the largest consumer of automotive interior materials in this region. Rapidly growing automotive industry, competitive manufacturing costs, and high economic growth rate are the favorable market forces for automotive interior materials market growth in this region. These factors are attracting the market players for expanding their businesses in the Asia-Pacific region. The market for automotive interior materials in Asia-Pacific is projected to reach $38.68 million by 2019.
Synthetic Leather: Biggest Segment of Automotive Interior Materials Market
Synthetic leather is currently the biggest segment of automotive interior materials. It is a cheaper, more versatile, and an eco-friendly alternative to real leather, which is made from tanned animal hides. Synthetic leather gives OEMs (Original Equipment Manufacturers) option to customize their interiors due to its flexibility and various color options. Compared to genuine or artificial leather, synthetic leather does not fade easily when exposed to sunlight over an extended period. Its consumption is expected to reach $18.45 billion by 2019. Asia-Pacific is currently the largest consumer for synthetic leather. The market size, in terms of value, for synthetic leather in Asia-Pacific is estimated to grow at a CAGR of 12.83% between2014 and2019. Mexico is the fastest-growing market for synthetic leather, registering a CAGR of 18.47% between 2014 and 2019.
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Artificial PU leather: Fastest-Growing Segment of Automotive Interior Materials
The artificial PU leather is currently the fastest growing segment of automotive interior materials. The market for artificial PU leather is expected to grow at a CAGR of 14.22% between 2014 and 2019. It is manufactured by bonding cowhide fibers and using PU coating at the end to resemble real leather. Artificial PU leather is easy to care, as it can easily be dry-cleaned.
Borgers AG (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.), and DK Leather Corporation (Malaysia)are some of the major manufacturers of automotive interior materials in the world.
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