Automotive manufacturers are focusing
more on interiors of automotives due to the demand and changing taste
and preferences of customers. Manufacturers are seen to concentrate on
the materials of automotive interiors which help them to differentiate
their brands from others and support their sustainability objectives.
There are three basic materials that are used in automotive interiors:
vinyl, leather and fabric (velvet, velour and cloth fabrics).
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Manufacturers are also using light
weight material to reduce the weight of automotives due to continuing
concerns regarding fuel efficiency. New technologies and light weight
metal alloys are driving the attractiveness of the market. Some of the
materials that are redefining the growth of this market include:
Stainless Steel, Polyphenylene Oxide, Acrylonitrile-Butadiene-Styrene
(ABS), Platinum Group Metals (PGM), Thermoplastic Polyolefins and many
more. These materials provide high resistance to oil, low temperature
flexibility and excellent elasticity.
Continuous research and development in
automotive materials may lead to further opportunities. More joint
ventures and mergers may help to cater to the increasing market demand.
Some advanced materials such as fabric upholstery require maintenance
and cleanliness which may limit the sale of automotives. Also high cost
of advanced materials is a big challenge to manufacturers.
Some of the key players in the market
include AK Steel Holding Corporation, BASF AG, DuPont (EI) de Nemours,
General Electric Company, Goodrich (BF) Performance Materials, Honeywell
International Incorporated, United States Steel Corporation, 3M
Company, Noveon Incorporate, Hoeganaes Corporation, Material Sciences
Corporation, LNP Engineering Plastics, Phillips Plastics Corporation,
Sunprene Company etc.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
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