DESCRIPTION • The global automotive interior materials market is expected to garner large market revenue over the forecast period owing to rise in automotive demand in Asia-Pacific and North American regional market. An increase in disposable income along with diminishing transportation cost as well as availability of abundant raw material has further propelled the market growth. • The OEM’s are focusing on fine as well as lightweight interior materials owing to rising demand for premium aesthetics as well as fuel-efficient vehicles. The increasing consumer preference towards luxury vehicles and rising concentration on automotive interior components has compelled OEMs to concentrate on quality of materials utilized in vehicles.The rise in concern towards waste disposal during the process of leather manufacturing coupled with rising leather prices owing to tight supply is anticipated to hinder the demand. The restrictions of government on materials such as PVC leather are also expected to control the market growth.
REGIONS • North America • Europe • Asia-Pacific (APAC) • Middle East & Africa (MEA) • Latin America