Automotive Interior Material Market share research by applications and regions for 2017-2024

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Automotive Interior Material Market Price,
Trends, Industry Outlook Forecast 2017-2024
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Key Insights from Automotive Interior Material
Market

• Automotive Interior Material Market size is
  projected to secure gains owing to increasing
  vehicle production coupled with boosted sales
  will support the overall market growth. Strong
  product outlook enhancing the comfort coupled
  with improvement in vehicle design will further
  enhance the automotive interior materials market
  growth.
• Customers are in direct contact with the product
  owing to use of the product for various vehicle
  components such as seats, door and vehicle
  interior playing key role in industry growth.
  Comfort and safety are the key factors
  influencing the automotive interior materials
  market demand.
• Higher penetration of product with low emission
  plastics, metal replacement, weight reduction of
  overall vehicle and easy processing of the
  product is expected to fuel the automotive
  interior material business growth.

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Continued...

• Global automotive interior materials market can
  be segmented based on vehicles as passenger cars,
  LCV, HCV and buses and trucks. Passenger cars is
  expected to dominate the overall segment owing
  substantial number of production contributing
  over 75 of overall market share in 2016.
  Passenger cars production was over 72 million
  units in 2016 with growth of over 5 from 2015.
• Global automotive interior materials market can
  be segmented based on product as leather,
  fabrics, thermoplastics and synthetic leather.
  Thermoplastics is expected to witness strong
  growth owing to light weight, durability, ease in
  production and inexpensive cost. Synthetic
  leather can be further segmented in PVC and PU
  leather.

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Major Companies in Automotive Interior Material
Market

• Lear Corporation
• Faurecia S.A.
• Johnson Controls
• Grupo Antolin-Irausa
• Seiren Co.
• Yanfeng Automotive Trim Systems Co.
• Toyota Boshoku Corporation
• Benecke-Kaliko AG

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Regional Insights in Automotive Interior Material
Market

• The U.S., is expected to witness the stable
  growth during forecast timeframe owing to
  increasing technological advancement in product
  and number of vehicle production in the country.
  Increasing disposable income with customers
  focusing on mid segment and luxury cars is
  expected to positively influence the automotive
  interior material product penetration
• Europe led by Germany, Italy, UK, France is
  expected to witness strong growth during forecast
  time. Recovering vehicle industry is expected to
  further support the automotive interior material
  business demand.
• Asia Pacific led by China, India, Japan and South
  Korea is expected to boost the overall market
  growth. Asia pacific is anticipated to witness
  highest growth during the forecast time frame
  owing to growth in vehicle production especially
  from China.
• Latin America, is expected to witness robust
  growth during the forecast period. Mexico is
  among the major contributor for vehicle
  production and vehicle components in the region.

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