By 2026, the automotive interior materials market in North America is expected to experience significant growth

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The North American automotive interior materials market is expected to hold a market share of over 15% by the end of the forecast period. This growth is attributed to the well established automotive sector in the region. North America has a strong presence of vehicle producers as well as world-class manufacturing facilities, which should promote the expansion of the regional market. In addition, an upsurge in demand for sports and luxury cars and an increase in vehicle modification activities are expected to further strengthen the outlook for regional products.

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The increasing demand for passenger cars across the world is expected to propel the growth of the automotive interior materials market over the next few years. These increasing sales of passenger vehicles can be attributed to increasing urbanization, strong economic development and increasing disposable income of the middle class population in both developed and developing countries. In addition, the focus on optimizing fuel consumption by reducing the overall weight of vehicles would further boost the market outlook.

In addition, further modifications to automotive interiors that help the driver to control the car more easily would promote the size of the market. In fact, according to Driving Vision News, the integration of advanced ADAS systems that bring features like driver monitoring, feedback and alerting to the car is transforming the landscape of the automotive interiors industry. With complex systems like these putting more weight on the vehicle, the demand for more modern, innovative and lightweight interior materials is expected to increase dramatically. The global automotive interior materials market is expected to exceed a valuation of $ 27 billion by the end of 2026.

The leather upholstery material segment is expected to experience a tremendous growth rate due to the increasing demand for premium luxury vehicles. In fact, the segment is expected to grow at a significant CAGR of over 3.5% during the forecast period. Several types of leather suits provide manufacturers with many options for designing vehicle interiors from an aesthetic point of view. With vehicle customization in high demand, sales of materials are expected to improve as companies incorporate customizable leather interior options into their product portfolios. As today’s customers are more likely to customize the interior of their vehicles to suit their preferences, the provision of such customization options is primarily responsible for influencing vehicle sales. Such attempts to appease buyer behavior would significantly influence revenue growth.

Meanwhile, the increasing number of equipments installed on the steering wheel of the vehicle is expected to favor the segment of automotive steering wheel applications. In addition, the availability of a variety of aftermarket offerings in the form of handles and steering wheel covers is expected to further fuel the growth of the segment. The segment is expected to grow at a healthy 4.5% CAGR throughout the analysis period.

As consumers’ attention turns to fuel economy and ride comfort, the adoption of new materials that solve previously overlooked problems is on the rise. Citing one example, Techno-UMG recently launched a new series of specialty PC / ABS and ABS alloys, named HUSHLLOY Anti Squeak Material. This new product decreases the problem of squeaks generated by plastic gaskets used in vehicle interiors and also reduces the use of grease or felt. This new product is widely used by the world’s largest manufacturers of vehicle interior parts.

The competitive landscape of the automotive interior materials market includes such players as Covestro AG, Huntsman International, Dow Chemical Company, Trinseo SA, Borealis AG Toray Industries, Inc., Continental AG, Sumitomo Chemical Company, Stahl Holdings BV, Hexcel Corporation , Arkema, BASF SE, Saudi Basic Industries Corporation (SABIC), UFP Technologies and Evonik Industries AG, among others.

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Some points from the table of contents:

Chapter 5. Automotive Interior Materials Market, By Application

5.1. Global Automotive Interior Materials Market Application Overview

5.2. Consoles and dashboards

5.2.1. Market estimates and forecasts, 2016 – 2026

5.2.2. Market estimates and forecasts, by region, 2016 – 2026

5.3. Doors

5.3.1. Market estimates and forecasts, 2016 – 2026

5.3.2. Market estimates and forecasts, by region, 2016 – 2026

5.4. Seats

5.4.1. Market estimates and forecasts, 2016 – 2026

5.4.2. Market estimates and forecasts, by region, 2016 – 2026

5.5. Ruffles

5.5.1. Market estimates and forecasts, 2016 – 2026

5.5.2. Market estimates and forecasts, by region, 2016 – 2026

5.6. Ground sheet

5.6.1. Market estimates and forecasts, 2016 – 2026

5.6.2. Market estimates and forecasts, by region, 2016 – 2026

5.7. Others

5.7.1. Market estimates and forecasts, 2016 – 2026

5.7.2. Market estimates and forecasts, by region, 2016 – 2026

Chapter 6. Automotive Interior Materials Market, By Vehicle

6.1. Global Automotive Interior Materials Market Overview

6.2. Passenger cars

6.2.1. Market estimates and forecasts, 2016 – 2026

6.2.2. Market estimates and forecasts, by region, 2016 – 2026

6.3. LCV

6.3.1. Market estimates and forecasts, 2016 – 2026

6.3.2. Market estimates and forecasts, by region, 2016 – 2026

6.4. HCV

6.4.1. Market estimates and forecasts, 2016 – 2026

6.4.2. Market estimates and forecasts, by region, 2016 – 2026

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