Growing demand for new, innovative materials for interior and exterior components has given a lift to renewable raw materials, natural fibers and other bio-based alternatives as automakers and suppliers look to make cars lighter and more sustainable.
The trend has put materials such as hemp, kenaf and flax in the spotlight as automakers look to respond to customer demand to lower the environmental impact of new vehicles.
Demand is so strong for sustainable materials that interiors giant Forvia in 2022 created the stand-alone company to address the growing need. The Lyon, France-based company, called Materi’act, plans to employ about 400 people and bring in revenue of €2 billion ($2.15 billion) by 2030, Forvia said. It develops materials with up to 85 percent less CO2 emissions compared with conventional ones. Products include “green” steel made using sustainable energy, low CO2 carbon fibers, and recycled, bio-based and carbon capturing compounds, Materi’act says.
The market for renewable materials for both car interiors and exteriors is expected to grow 10 percent a year starting in 2022, reaching $27 billion by 2027, according to India-based consultancy IndustryARC.