What is Automotive Interior Leather
Automotive Interior Leather is the soft, smooth, UV-resistant, and waterproof leather which provides comfort and an attractive look to the interior of vehicles. Generally, aniline, semi-aniline, and pigmented leather are used in the automobile industry. These leathers are made with synthetic components like polyvinyl chloride, polyurethane, and nylon to have the same appearance similar to real leather. Demand for Automotive Interior Leather in all such industries will boost the growth of the Automotive Interior Leather market. Lightweight, odor-resistant, stain-resistant, and clean leather gives a very lush feel to the vehicle. Leathers are majorly used for the seats, steering wheel cover, roof linings, sun visors, door trims, and gear boot covers. Growing demand of the automobile industry across the world will boost the Automotive Interior Leather market.
Here are some of the driving factors that are increasing opportunities for the Automotive Interior Leather market growth:
Expansion of Automobile Industry:
According to the CEIC data, India Motor Vehicles Sales grew by 2.8% in March 2022. Rising income of the middle-class and increased population of youth is rapidly increasing the use of private vehicles. Increasing the use of private vehicles leads to the use of more Automotive Interior Leather. Automotive leather gives comfort as well as stylish look which fuel the demand of the Automotive Interior Leather market. Increased mergers and acquisitions in the automobile industry is likely to boost the automobile industry and ultimately the Automotive Interior Leather market.
Increasing consumer expenditure on vehicle accessories:
Rapid urbanization and rising disposable income are boosting the Automotive Interior Leather market. The rising disposable income makes consumers purchase luxury vehicles. The luxury vehicles have increased features and comfort of the interior leather. The consumer spends more to give a premium look to the vehicle by using attractive synthetic leathers. Hence, consumer expenditure in customizing cars is boosting the Automotive Interior Leather market.
Here are some of the restraining factors that are increasing opportunities for Automotive Interior Leather market growth:
Stringent government regulation on use of real leather:
According to the Food and Agricultural Organization, 2.29 billion animals worldwide are killed for their skin and hide to make leather. Leather industry is not only affecting billions of animals but also the environment and overall ecosystem. People are becoming aware of the unethical practices happening in the textile and apparel industry. India has banned the import of exotic skins used for clothing and leather industry. The law under section 428 and 429 of the IPC provides punishment for all acts of cruelty such as killing, poisoning, maiming or rendering useless of animals. A CITES (Washington Convention on International Trade in Endangered Species) certificate is required when purchasing leather from alligators, crocodiles, lizard species, snakes, elephants, but also for many other species. All such stringent government regulations make the use of real leather difficult which ultimately restrain the Automotive Interior Leather market.
Harmful effect of PVC and PU in the environment:
Polyvinyl chloride and polyurethane are the raw materials for the manufacturing of synthetic leather. Polyvinyl chloride and polyurethane are harmful for the health of humans as well as animals. Use of PVC releases toxic chemicals like phthalates, lead, cadmium and organotin into the air which are allergic and cause health diseases. Polyurethane is a petrochemical resin that contains isocyanates which are respiratory toxins. Both Polyvinyl chloride and polyurethane are non-biodegradable and hence are not sustainable to use. Hence the harmful effect of these raw material PVC and PU in the environment is restraining the growth of the Automotive Interior Leather market. Use of bio-based leathers can overcome the problems related to the environment caused by PVC and PU and ultimately grow the Automotive Interior Leather market.
Conclusion:
The key market players in the Automotive Interior Leather market are BASF SE, Berhad, Classic Soft Trim, FAW Group Corporation, Kuraray Co. Ltd, Toyota Boshoku Corporation, and others. Expansion of the automobile industry and increasing consumer expenditure on vehicle accessories are propelling the growth of the Automotive Interior Leather market.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
