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Automotive Interior Materials Market worth 98.76 Billion USD by 2021, registering a CAGR of 11.8%
2018/6/27 10:41:51 Source: APLF Author: 点击率:

The report "Automotive Interior Materials Market by Type (Synthetic Leather, Leather, Thermoplastic Polymer, Fabric), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), Region - Global Forecast to 2021", The global automotive interior materials market is projected to reach USD 98.76 Billion by 2021, registering a CAGR of 11.8% between 2016 and 2021. This growth is fueled by the high demand for automotive interior materials from the automotive industry in Asia-Pacific, North America, South America, and Middle East & Africa.

Major manufacturers such as Johnson Controls (U.S.), Toyota Boshoku Corporation (Japan), Lear Corporation (U.S.), Toyoda Gosei Co., Ltd. (Japan), Faurecia S.A. (France), Grammer AG (Germany), Grupo Antolin-Irausa, S.A. (Spain), Borgers SE & CO. KGaA (Germany), DK Leather Corporation Berhad (Malaysia), and Sage Automotive Interiors Inc. (U.S.) are profiled in this report. These companies have adopted both organic and inorganic growth strategies.

Johnson Controls is the most active player in the automotive interior materials market. As part of its growth strategy, the company developed various automotive interior materials to cater to the market effectively. The company was also involved in expansions to expand its market presence in developing countries. The company has a joint venture with a global leader for supply of automotive interior materials. Johnson Controls operates its automotive seating business through Adient, an independent, publicly traded company with 75,000 employees globally to focus on strengthening its market leading position in seating business.

Another company that has established a strong foothold in the automotive interior materials market is Lear Corporation (U.S.). It focuses on investing in expansions, mergers & acquisitions, and new product launches to develop innovative products and new technologies. The company increased its leather finishing and marketing capability by introducing AventinoR premium leather and by acquiring Eagle Ottawa (U.S.). It is also focusing on the development of renewable automotive interior materials.

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