Surging Demands in End Use Industries boost Global Synthetic Leather Market
In terms of volume, the market is anticipated to record a 6.89% CAGR with a production of 29134.44 million meters by the end of the forecast period.
Browse 77 market data Tables and 68 Figures spread over 221 Pages, along with an in-depth analysis of the Global Synthetic Leather Market by Product, Application, & by Geography.
Global Synthetic Leather Market Scenario
There is a high demand for synthetic leather in the various end-use industries due to its abrasion resistance, low cost, and water resistance. Increasing investment by foreign players will further propel industry penetration in emerging economies. In addition, luxury brands have been among the first to respond to global consumer spending shifts. Such initiatives are expected to play a crucial role in improving the market penetration of synthetic leather brands over the next few years.
Furthermore, international players must adjust their pricing strategies per the local competition in developing economies. This will be a key challenge for multinational players. In addition, the influx of new customer groups will pressure product development channels to meet diverse needs and preferences. Footwear brands consider the rising middle class, which is expected to be the major growth driver for the overall market.
The Global Synthetic Leather Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Synthetic Leather Market by Product, Application, & by Geography: https://inkwoodresearch.com/reports/synthetic-leather-market/#request-free-sample
Market by Product
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
Market by Application
• Bags & Wallets
• Other Applications
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
• WINNER NIPPON LEATHERETTE PVT LTD
• NAN YA PLASTICS CORPORATION INC
• TORAY INDUSTRIES INC
• TEJIN LIMITED
• TAIWAN PU CORPORATION
• ALFATEX ITALIA SRL
• HR POLYCOATS PVT LTD
• BASF SE
• MAYUR UNIQUOTERS LIMITED
• KURARAY CO LTD
• SAN FANG CHEMICAL INDUSTRY CO LTD
• ZHEJIANG HEXIN HOLDINGS CO LTD
• FILWEL CO LTD
• ACHILLES USA INC
• YANTAI WANHUA SYNTHETIC LEATHER GROUP CO LTD
GLOBAL AUTOMOTIVE SEAT MARKET - The global automotive seat market is anticipated to grow with an expected CAGR of 1.74% during the forecast period of 2019 and 2027.
GLOBAL EPOXY RESINS MARKET - The global epoxy resins market is projected to record a 5.65% CAGR by the end of the assessment period, 2022-2030.
GLOBAL REINFORCEMENT MATERIALS MARKET - The global reinforcement materials market is set to register a 6.09% CAGR between 2019 and 2028.
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