The analysts forecast global automotive upholstery market to grow at a CAGR of 12.10% during the period 2017-2021. The latest trend gaining momentum in the market is New polyol to reduce VOC emission.
Automotive interior components are made of materials, such as plastic polymers, elastomers, substrate, and foam, which emit volatile organic compounds (VOCs).
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VOCs have a high vapor pressure at ordinary room temperature and hence disperse a large number of molecules from the liquid or solid form of the compound into the surrounding air. This causes suffocation and odor inside the vehicle.
Therefore, to overcome this challenge, several vendors are focusing on shifting toward low-VOC-emitting materials, such as resin, thereby providing a better driving experience.
According to the automotive upholstery market report, one of the major drivers for this market is Flexible financing leading to increased passenger car sales. Car loans are an integral component of the automotive industry and are the biggest driving factor for improving car sales, thereby indirectly improving the sales of the automotive glove box.
GM was the first company in the automotive industry to establish a non-banking institution that would support the potential buyers to buy cars and indirectly assist the OEMs in improving their car sales. Inquire for this automotive upholstery market at www.reportsnreports.com/contacts/d…spx?name=1263991.
Major key players in the global automotive upholstery market: Adient, CMI Enterprises, Faurecia, Katzkin Leather, Lear, and TOYOTA BOSHOKU, Johns Manville, Ahlstrom-Munksjö, The Automobile Trimmings, Bonar, CHA Technologies Group, Changchun Faway-Johnson Controls Automotive Systems, Delaware Valley, Exten, Fibertex Nonwovens, Freudenberg & Co. KG, Hassan Group, Hayashi Telempu, Hollingsworth & Vose, IMS Nonwoven, J.H.
Ziegler, K&H European Auto Upholstery, Komitex, Lion's Automotive Upholstery, Polymer Group, Sandler, SEIREN, Spradling International, TEIJIN, Tessiture Pietro Radici, and The Prestige Companies Auto Upholstery.
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Further, the automotive upholstery market report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. The fluctuation in the price of raw materials is another major challenge faced by vendors in the global automotive upholstery market.
The manufacture of polyurethane (PU) foams and polyethylene (PE) foams requires raw materials such as benzene, toluene, and other chemicals, which are acquired from the oil and gas industry. Further, elastomers and other polymer plastics such as polypropylene (PP) used in vehicles are a crude-oil based material.
The oil and gas industry is one of the principal suppliers of raw materials for the global polymer market and is affected by the price fluctuations of crude oil. Crude oil prices in the market are currently highly volatile resulting in unstable feedstock prices for polymers used in the production of automotive interiors.
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Few Points from List of Exhibits:
Exhibit 1: Types of Upholstery Materials
Exhibit 2: Market Landscape of Global Automotive Upholstery Market
Exhibit 3: Global Automotive Upholstery Market 2016-2021 ($ Billions)
Exhibit 4: Five Forces Analysis
Exhibit 5: Global Automotive Upholstery Market by End-User 2016
Exhibit 6: Global Automotive Upholstery Market by End-User 2021
Exhibit 7: Global Automotive Upholstery Market by End-User 2016-2021 ($ Billions)
Exhibit 8: Global Automotive Upholstery Market For Oem 2016-2021 ($ Billions)
Exhibit 9: Global Automotive Upholstery Market For Aftermarket 2016-2021 ($ Billions)
Exhibit 10: Global Automotive Upholstery Market by Geography 2016
Exhibit 11: Global Automotive Upholstery Market by Geography 2021
Exhibit 12: Global Automotive Upholstery Market by Geography 2016-2021 ($ Billions)
Exhibit 13: Automotive Upholstery Market In Emea 2016-2021 ($ Billions)
Exhibit 14: Automotive Upholstery Market In Apac 2016-2021 ($ Billions)
Exhibit 15: Automotive Upholstery Market In Americas 2016-2021 ($ Billions)
Exhibit 16: Key Leading Countries
Exhibit 17: Crude Oil Price ($): November 2016 To October 2017
Exhibit 18: Adient: Product Portfolio
Exhibit 19: Adient: Recent Developments
Exhibit 20: Cmi Enterprises: Products Portfolio