AUTOMOTIVE INTERIOR BOVINE LEATHER MARKET ANALYSIS

Automotive Interior Bovine Leather Market, By Product Type (Full Grain Leather, Top Grain Leather, Split Leather, and Bonded Leather), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Electric Vehicles), By Application (Seats, Door Panels, Dashboard, Steering Wheels, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI4523
Pages :130
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenge - High price of raw materials

Global automotive interior bovine leather market faces significant environmental challenges. Bovine leather tanning is a heavily polluting industry that relies on chemicals such as chromium, coal tar, solvents and other toxins which damage the environment if not properly treated before disposal. According to the US Department of Labor statistics, the average price of hot-rolled steel sheet increased by over 48% from December 2020 to December 2021

Market Opportunity- Growing demand for eco-friendly leather

Increasing focus on environmental protection and sustainability presents a major opportunity for global automotive bovine leather market to adopt greener solutions. Leather producers can tap into this demand by developing new vegetable-tanned or chromium-free leather varieties which produce less wastewater and emissions. According to a 2021 report by the United Nations Food and Agriculture Organization, global meat consumption is projected to increase almost 15% by 2030