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- BASF is a well established German multinational company that is settled in Ludwigshafen, Germany. In 1865, Friedrich Engelhorn founded the company. Now, it is has more than 5 subsidiaries and is working with other segments like car interiors, chemical producer and a promoter of plastic water in environment. Their success mantra is the utilization of science and innovation. - Source: Internet
- Toyoda Gosei is a global leader in the production of plastic and rubber automotive components, as well as LEDs. The Group brings its incredible variety to customers all over the world with satisfaction, comfort and safety. In 1949, this automotive interior materials company came into existence and is headquartered in Aichi, Japan. - Source: Internet
- Interior design is important in both our homes and our luxury vehicles. Every person who enjoys having a nice-looking interior will always take care of his car’s looks and appearances. Because car and automobile enthusiasts are willing to spend more money on premium looks, automotive interior materials have evolved over time. - Source: Internet
- 3M is an American multinational organization that is founded by Danley Bud, William McGonagle, John Dwan, Hermon Cable and Henry Bryan. Established in 1802, the company has its headquarters in Minnesota, United States. 3M has been a major player in car care products and automotive interior materials. The company uses technology at its best to improves lives of consumers. - Source: Internet
- Youths become more concerned with the appearance of their vehicle. The demand for stylish interiors such as seat covers, stickers, doors, steering wheels, dashboards, and other accessories has increased. There are many other materials, such as leather, which is the most expensive and time-consuming. - Source: Internet
- Modern plastic interiors look and feel like high – quality materials .Thanks to scientific improvements in composite polymers, design, and processing techniques. Despite their low cost and long longevity, plastic interiors appear to be premium materials. Furthermore, customers also feels comfortable with plastic designing but it should be of high quality. - Source: Internet
- When it comes to client preferences, buyers are becoming increasingly concerned in having a pleasant and appealing appearance for their vehicle. They are willing to spend any amount to have their cars designed in accordance with current trends and fashion. Such consumer behavior is giving motivation to automotive interior materials companies for innovations. - Source: Internet
- However, due to legal concerns, many automotive interior material designers are now using synthetic leather. This is to create the same appealing and aesthetic looks for the automobile. As a result, many synthetic leather manufacturers are springing up. - Source: Internet
- The vehicle interior materials market will touch USD 46.59 billion in 2028, according to Verified Market Research, with a CAGR of 4.09%. Recently, its value was found to be USD 33.8142 Billion in 2020. - Source: Internet
- The growing importance of automotive interior design is helping to propel the market forward. Another factor driving the prominence of interior materials is the trend of vehicle weight reduction in order to have an efficient and long-lasting life. Automobile is an industry that will never fade and will even grow in the future. This will lead to an increase in the number of people owning passenger cars and an increase in automotive interior design. Customers’ preferences for how their vehicle should appear from the inside will benefit automotive interior material providers. - Source: Internet
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