The Global automotive interior material industry is expected to grow significantly over the forecast period from 2018 to 2026 owing to numerous advancements that is driven by a strong rebound in worldwide weight saving and aesthetic appearance primarily in Western Europe, North America and Asia Pacific are projected to augment demand for light weight interior material.
Rising cost of conventional plastics and enhancement in recycling technologies along with better quality of recycled plastic is anticipated to fuel the growth of the global recycled plastic market in the near future.
Growth of polyethylene industry backed up by the rising demand in packaging industry is one of the major factors driving the growth of olefin market. Bio-based alpha olefins are under research and development phase, but are likely to gain traction in the next decade which will provide the growth opportunity for olefin manufacturers.
The Report focuses on Automotive Interior Materials Market Asia Pacific Market, especially in China, Japan, Taiwan, Korea, Southeast Asia, India and Australia. As well as United Kingdom.
Dashboard cameras are gaining huge popularity among private and commercial vehicle owners due to its reliable 24/7 automotive surveillance featur
In recent years, advanced composites and alloy usage is tumbling from high-end luxury segments down to higher volume vehicles, which is the major growth factor for the automotive interior materials market. Growth of passenger car sales, coupled with a change in consumer lifestyle and rising importance for comfort and safety in automobiles is acknowledged as one of the primary growth factors for the automotive interior materials market growth.
As per the Ford Motor Company survey, around 11% of European users prefer buying a car with sunroof as compared to car without sunroof in 2016 and over 40% of vehicles were sold with in-built sunroof in the same year. Growing demand for premium and luxury cars with attractive interior and larger sunroofs is expected to propel the global demand of automotive sunroofs.
From past few years, attributed to unprecedented climate change issues, global automotive industry is striving hard in developing light weight and innovative functional materials to improve vehicle’s fuel efficiency leading to demand of automotive composites.
Automotive Interior Materials Market Overview
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