Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Automotive Interior Material Market_Written | Page 2

Automotive industries being one of the most competitive industries globally, manufacturers are
competing against each other in order to expand their customer base, which is further resulting in
intense competition. This has resulted to high quality product being delivered to the customers, which is
considered to fuel the automotive interior material market during the estimated period. Technological
advancements during the production processes of automotive materials are considered to lead to
superior sustainability and lower cost of production resulting in the improvement in performance
efficiency. Moreover, automotive interior materials offer an aesthetic look, better reliability, and
sustainability leading to superior design of automotive cabins. Also, rapid growth in the global economy
and innovative automotive designs offer several opportunities to the market growth.
On the flip side, the rising cost of genuine leather owing to the demand-supply gap coupled with the
regulations concerning synthetic leather are some of the major concerns anticipated to slowdown the
market growth in the coming years.
Regional Insights
Geographically, the automotive interior material market span across regions namely, Europe, Asia
Pacific, North America, and Rest-of-the-World (Row).
Among all the regions, the Asia Pacific region is considered to occupy the largest market share during
the appraisal period. The demand for automobiles is highly driven by the increasing population in
economies such as India and China. Initiatives from the government towards safety drive are further
promoting to the market growth.
The European region exhibits a significant growth rate and is considered to maintain its dominance in
the coming years. Regulations associated with the improvement in crash performance and
countermeasures in order to keep the passengers safe is fueling the market growth in this region.
Industry Updates
January 14, 2019: Corning Incorporated has recently introduced two new auto interior glass solutions at
the Consumer Electronics Show in Las Vegas. The company’s latest gorilla glass for automotive interiors
solutions have been designed to address the new trends and offer the highest product performance.
Complete Report Details of Automotive Interior Material Market @
https://www.marketresearchfuture.com/reports/automotive-interior-material-market-2675
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