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Automotive Interior Materials Market Projected to Reach $82.52 Billion by 2019

The research report "Automotive Interior Materials Market by Type and Region - Trends & Forecasts to 2019”, defines and segments the global automotive interior materials market with analysis and forecast of the market size by value and volume.

The global market for automotive interior materials is growing rapidly with Asia-Pacific as a leading consumer followed by Europe, North America, and RoW. The major types of automotive interior materials are fabrics, genuine leather, artificial PU leather, artificial PVC leather, synthetic leather, and thermoplastic polymer. Synthetic leather is the largest type (segment) of automotive interior material. The demand for automotive interior materials is driven by the growing automotive industry and OEM’s focus on reducing vehicle weight in order to optimize efficiency. North America with a CAGR of 14.92% is currently the fastest-growing market.

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This report follows both top-down and bottom-up approaches to estimate and forecast the global market size for automotive interior materials by volume and value. This report focuses on the market by its type and region.

The market for automotive interior materials is expected to increase at the highest rate in North America and Asia-Pacific, due to the growing demand for automobiles. The market for artificial PU leather is projected to grow at the highest CAGR across the world between 2014 and 2019. In North America, the increasing demand for automotive interior materials can be attributed to the growing automotive industry in major North American markets.

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However, growing awareness of environmental concerns and presence of substitutes are hindering the global automotive interior materials market. Growing competition from new and eco-friendly materials and environmental concerns are expected to have moderate effects on the growth of automotive interior materials market in the long term.

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