Automotive Seat Cover Market Reflect Impressive Growth Rate to During 2021-2031

Stakeholders Capitalize on Government Stimulus Packages for Revenue Flow amid Coronavirus Outbreak

The global automotive industry has been severely affected by the COVID-19 outbreak. Automobile sales across segments in India are anticipated to have slipped to a six-year low in the year-end in March, as stated by the auto industry body, Society of Indian Automobile Manufacturers (Siam). This has caused a domino effect in the automotive leather upholstery market. Hence, stakeholders are taking the advantage of government stimulus packages and schemes provided by the BFSI sector to effectively manage finances.

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Manufacturers in the automotive leather upholstery market have entered the plug and play mode for production activities to adapt with the volatile demand and supply of vehicles. Mass inoculation measures are expected to revive market growth and boost demand sentiments.

Sustainability Measures Help Address Deforestation, Deploy Clarity in Leather Procurement

Czech Republic (Czechia) is one of the biggest exporters of car seats involving the automotive interior leather. However, there is a lack of information from where the leather originates and how do stakeholders address deforestation risk. There are possibilities that the leather from cattle is raised on deforested land. In order to boost credibility credentials, leather industry outsiders are reading reports from non-governmental organizations (NGOs) to streamline their car leather supply chains.

Sustainability has become significant for stakeholders in the automotive leather upholstery market. They are addressing concerns related to forest risk and taking measures to avoid sourcing raw materials from high-risk areas.

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Demand for Durable, Sustainably-made Water-based PU Coating Leather

Synthetic leather is gaining popularity for its rich surface texture and grease-resistant attributes. Meisheng Group - one of the pioneers in the development and manufacturing of non-woven microfiber suede in China, is building its product portfolio in the water-based PU (polyurethane) coating leather, which is being used for car interiors. The growing consciousness about vegan leather is fueling the demand for water-based PU coating suede.

Manufacturers in the automotive leather upholstery market are increasing their output capacities in durable water-based PU coating leather that prevents deformation. In order to boost credibility, manufacturers are avoiding the use of harmful chemical articles such as DMF, MEK, and Toluene to produce water-based PU coating leather.

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Wet-end Leather Chemicals Help Meet Highest Environmental, Quality Standards

The automotive leather upholstery market is slated to clock a CAGR of 4.58% during the forecast period. Automakers are working closely with companies that have knowledge in leather chemical. Stahl - a global chemistry supplier with an expertise in flexible surfaces, is unlocking revenue opportunities in high-quality automotive leather that offers a luxurious and natural leather feel for seats, trims, and steering wheels.

Manufacturers in the automotive leather upholstery market are aiming for responsibly produced leather for longevity and utmost comfort in upholstery. They are gaining proficiency in wet-end leather chemicals that help meet highest environmental and quality standards. This implies the compliance with Zero Discharge of Hazardous Chemicals (ZDHC) and Manufacturing Restricted Substances List (MRSL) standards.

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