As of 2021, the market for automotive interior materials is expected to reach USD 54.8 billion, with a CAGR of 2.6 percent. Technological advances and shifting consumer tastes are putting ongoing pressure on the automotive sector to keep up with the times. Consumer desire for safety and comfort, fuel efficiency, and increased industry competitiveness have all had an impact on vehicle interiors, which have undergone significant transformations in recent years. Seat coverings, headrests, armrests, door panels, center consoles, floor mats, and dashboards are all made from automotive interior materials. To manufacture automotive components for large commercial vehicles, light commercial vehicles, and passenger vehicles, these materials are processed and delivered to OEMs.
The interior materials market for automobiles has been growing at a moderate pace. In order to reduce the weight of automobile interior materials, innovative technologies are becoming more popular, and the need for bespoke interior components is on the rise. Market expansion in genuine leather, however, has been held back by the incorrect disposal of effluents following tanning.