Top Companies in Automotive Interior Materials Market | Statistics, Growth rate, Past and Future data | Vantage Market Research
The Automotive Interior Materials Market is anticipated to witness high growth over the forecast period owing to increasing vehicle sales across the globe.
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Market Overview:
The Global Automotive Interior Materials Market is valued at USD 47.5 Billion in the year 2021 and is expected to reach a value of USD 54.7 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 2.4% over the forecast period. The materials used in the interior of a car are known as Automotive Interior Materials. The principal materials used in automotive interiors include fabric, plastics, genuine leather, and synthetic leather. The essential element driving the growth of the Automotive Interior Materials market is the increased focus on the total weight reduction of automobile parts to enhance fuel efficiency.
Almost every industry in the world has been affected by the worldwide epidemic. The worldwide supply chain disruptions are projected to have a moderate impact on the Automotive Interior Materials industry. The refinery & petrochemical, chemical, metal, and power generation industries are all extremely important to the market. China is a big exporter and industrial producer of the Automotive Interior Materials Market. Strict lockdowns in major regions have an impact on the country's industrial activities. The emergence of COVID-19 caused a dramatic drop in demand for industrial equipment.
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Some of the key players operating in the Automotive Interior Materials Market are listed below:
|
Company Name |
Revenue in the US |
|
$55 Billion |
|
$19 Billion |
|
$4 Billion |
|
$16 Billion |
|
$11 Billion |
|
$195 Million |
|
$16 Billion |
|
$10 Billion |
|
$160 Million |
|
$86 Billion |
The Company was founded in 1897 and has its headquarters in Midland, Michigan, United States. The Dow Chemical Company is a subsidiary of Dow Inc. and is an American global chemical firm located in Midland, Michigan, United States. The firm is one of the world's top three chemical makers. Dow is a company that makes polymers, chemicals, and agricultural goods. The company’s product includes chemicals used in automotive industries.
Lear Corporation was founded in 1917 with its Headquarters in Michigan, United States. Lear Corporation is a manufacturer of vehicle seating and electrical systems in the United States. Lear, a global pioneer in automotive technology for Seating and E-Systems, provides innovative options for in-vehicle experiences to drivers all over the world.
Trinseo was founded in 2010 and has its headquarters in Pennsylvania, United States. Trinseo is a multinational materials firm that specializes in plastics, latex, and synthetic rubber manufacturing. Until 2009, when Dow grouped some of its businesses for possible sale, Trinseo was a part of the Dow Chemical Company.
Covestro AG was founded in 2015 with its headquarters in Leverkusen, Germany. Covestro AG is a German firm that manufactures raw materials based on polyurethane and polycarbonate. The company offers a varied range of Isocyanates & polyols for cellular foams, thermoplastic polyurethane, polycarbonate pellets, and polyurethane-based additives for coatings and adhesives. The company’s revenue in 2021 stood closed to €15.9 billion. The company clientele primarily includes Automotive manufacturing and supply companies.
Borealis AG is an Austrian chemical company and was founded in the year 1994. The company is listed as the world's eighth-largest producer of polyethylene (PE) and polypropylene (PP). Borealis AG is headquartered in Vienna, Austria. Borealis is one of the world's leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals.
UFP Technologies, Inc. founded in 1963 and based in Newburyport, Massachusetts, is a designer and custom manufacturer of components, sub-assemblies, products, and packaging utilizing highly specialized foams, films, and plastics primarily for the medical market. UFP Technologies, however, is diversified in also providing highly engineered products and components to customers in the aerospace, defense, automotive, consumer, electronics, and industrial markets. Typical applications include military uniform and gear components, automotive interior trim, athletic padding, environmentally friendly protective packaging, air filtration, abrasive nail files, and protective cases and inserts.
Evonik was founded in the year 2007 and the company headquarters is in Essen, Germany. The company is renowned as the leading specialty chemicals globally and also recognized as second largest chemical company in Germany. Evonik Industries AG is a manufacturer of specialty chemicals for use in nutrition, care, resource efficiency, performance materials, technology, and infrastructure. The total headcount in the company is over 37 thousand and is located in over 100 countries globally.
Arkema was founded in the year 2004 and has its headquarters in Colombes, France. Arkema S.A. is a specialty chemicals and advanced Materials Company. Arkema was introduced on the Paris stock exchange in May 2006. Arkema is a global leader in Specialty Materials serving major societal and ecological challenges.
Stahl Holdings B.V. was founded in the year 1930 and has its headquarters in Waalwijk, Netherlands. Stahl is the expert in leather- and performance coatings and dyes. As partners to the world’s leading brands, the company creates an efficient and transparent supply. Stahl Holdings B.V. operates as a holding company. The Company, through its subsidiaries, manufactures specialty coatings and other chemicals.
BASF SE is a German multinational chemical company and the largest chemical producer in the world. Its headquarters is located in Ludwigshafen, Germany, and was founded in 1865. BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.
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