Automotive Interior Materials Market Future Demand and Growth 2018-2025

1. Automotive Interior Materials Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017-2025 © Coherent market Insights. All Rights Reserved

2. REPORT DESCRIPTION Automotive Interior Materials Market Overview The global automotive interior materials market was valued at US$ 61.69 billion in 2016, and is slated to reach US$ 117.59 billion by 2025. The market is expected to exhibit a CAGR of 7.51% over the forecast period. Increase in demand for premium automotive interiors worldwide has augmented the growth of automotive interior materials market. Consumers demand premium grade interiors with superior aesthetic appeal and tactile experience, even for non-premium cars. To meet this increasing demand, counterfeit products, usually of low- quality, made from plastic, are introduced in the market by certain local players. Volvo owns an R&D center in Shanghai, China, which is involved in developing new designs that exhibit a technological edge over its competitors. The rising sales of premium passenger cars is expected to have a significant impact on the automotive interior materials market. In China, despite a 10% austerity tax on premium vehicles, automotive sales have been strong with premium automobile manufacturers such as Porsche, Ferrari, McLaren, and Maserati—all reported healthy growth in 2016. In the U.S., Mercedes Benz alone sold over 340,000 vehicles, followed by Lexus and BMW at 331,000 and 313,000, respectively. This has augmented the market growth of automotive interior materials market in the aforementioned countries. © Coherent market Insights. All Rights Reserved

3. REPORT DESCRIPTION Asia Pacific is a lucrative market for automotive interior materials, primarily driven by strong performance of the automobile industry in India and China. The growth of transportation sector coupled with rise in need for transit of consumer goods, people, and raw materials has boosted the automotive interior materials market growth. According to China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), sales of cars in China stood at 28.03 million in 2016 and 3.00 million in India. The CAAM also projected automobile sales in China to grow by 5% to reach 29.4 million units in 2017. The boom in sales can be attributed to the favorable sales tax, which was cut from 10% to 5% in 2015. The Asia Pacific market was valued at US$ 24.96 billion in 2016 and is expected to exhibit a CAGR of 8.28%. North America and Europe also experienced strong vehicle sales, with the U.S. positioned as the second-largest cars market in the world. In the U.S., the automotive sales in 2016 stood at 17.55 million. High dealer incentives, low interest rates on automotive loans, and low gasoline prices have resulted in the growth of automobile industry in the country. Pickup trucks and crossover SUVs witnessed maximum growth in sales. Automakers such as Ford, G.M, and Chrysler are among the largest customers of automotive interior materials. The North America automotive interior materials market was valued at US$ 11.12 billion in 2016 and is forecasted to exhibit a CAGR of 7.39%. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/337 © Coherent market Insights. All Rights Reserved

4. REPORT DESCRIPTION Also, as automotive companies aim to reduce the weight of vehicles to increase fuel economy, leather may be replaced with lighter synthetic fabrics such as wool, silk, carbon fiber, and faux suede. For instance, Toyota, BMW, Mercedes, and Volkswagen use faux leathers, which are similar to leather in both touch and feel. Leather usage is expected to decline in North America and Europe, owing to the strict emission and waste generation regulations prevailing in these regions. Asia Pacific dominated the global automotive interior materials market in 2016 and is expected to retain its dominance throughout the forecast period. Major Players in the Global Automotive Interior Materials Market Global automotive interior materials market is extremely competitive and consolidated with the presence of large players accounting for major shares. Key players in the market include BASF S.E., Eagle Ottawa, Borgers A.G., Faurecia S.A, Adient Plc., Lear Corporation, Dow Chemical Company, and DK Leather Corporation Berhad, among others. Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/337 © Coherent market Insights. All Rights Reserved

5. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. All Rights Reserved

6. ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCAR E IT CLINICAL DIAGNOSTIC BIOTECHNO LOGY PHARMACE UTICAL MEDICAL IMAGING Chemicals & Materials MEDICAL DEVICES Speciality and Fine Chemicals Bulk Advanced Materials Chemicals Green Chemicals Polymers & Resins Food Cosmetic Ingredients Ingredients © Coherent market Insights. All Rights Reserved

7. ABOUT COHERENT MARKET INSIGHTS RESEARCH SOLUTIONS KEY STATS GLOBAL REPORTS FEASIBILITY STUDIES 100+ Insights Published Per Year COUNT RY ANALYS IS 150+ CONSUL T PROJECT S Consulting Projects Till Date 125+ SURVEY RESEAR CH EXCEL FORECAST DATABASE COMPETITI VE ASSESSMEN T Clients Worldwide Per Year 110+ TECHNOLOG Y SNIPPETS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

8. THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702 © Coherent market Insights. All Rights Reserved