New York, NY 08 Nov 2021: The global automotive interior materials market is anticipated to reach USD 132.82 billion by 2026 according to a new study published by Polaris Market Research.
Demand from passenger car segment will also grow at a higher pace in comparison to its counterparts that will benefit from an improved weight shaving and aesthetic appeal.Automotive interior materials are directly related with the vehicle manufacturing status.
Thus, the market’s directions are meticulously reliant on production and demand of vehicles.
Moreover, the automotive interior materials market is also governed by government regulations and rules, exclusively for the genuine leather industry; availability and pricing of automotive interior materials.
Rise in disposable income has also led towards the rise in demand for vehicle in emerging countries such as Brazil, China and India are supporting the demand for automotive interior materials.
For example, synthetic PU, fabrics or PVC leather are generally used as a substitute for genuine leather material.