Alcantara is a man-made microfiber textile with a similar look and feel to suede. It has better qualities when compared to leather making it an ideal fabric for vehicle interiors. Alcantra is 50% lighter than leather, does not crack or fade over time, resists stains, customizable with colors and much more.
Beverly Hills Porsche Official Blog: What is Alcantara and How Do I Clean It ?
In response to someone asking about alcantara on the steering wheel and how it ages; here's a customer car after just 60k km : r/Porsche
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Autoglym Australia & New Zealand blog How to clean an Alcantara Steering Wheel.
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Kia Stinger - Genuine OEM Alcantara Steering Wheel – K8 Stinger Store
Alcantara 'leather' in cars: Everything you need to know