Press release
Synthetic Leather Market Poised to Reach US$ 48.4 Billion by 2028 Globally, at a CAGR of 4.2%
Synthetic Leather Market 2023-2028
How Big is the Synthetic Leather Market?
The global synthetic leather market size reached US$ 37.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Request Free Sample Copy of This Report: https://www.imarcgroup.com/synthetic-leather-market/requestsample
What is Synthetic Leather?
Synthetic leather, also referred to as faux or artificial leather, is a man-made material designed to replicate the look and feel of genuine leather. It is created by combining various synthetic materials through advanced manufacturing processes. It offers a cruelty-free alternative to traditional leather while still providing a similar aesthetic appeal. It is often more budget-friendly than genuine leather, allowing individuals to enjoy the look and feel of leather without the higher price tag. It can be easily dyed and textured to achieve specific colors and patterns, providing greater design flexibility for various applications. It is more uniform in texture and appearance, ensuring a consistent look across products.
What are the growth prospects and trends in the synthetic leather industry?
At present, the increasing demand for synthetic leather, as it is resistant to cracking, fading, and wear, making it a durable choice for products that experience regular use, represents one of the crucial factors impelling the market growth in India.
Besides this, the rising utilization of synthetic leather for manufacturing jackets, pants, skirts, and accessories, such as belts, bags, and shoes, is supporting the growth of the market. In addition, the growing employment of synthetic leather for upholstering sofas, chairs, and other seating options is offering a favorable market outlook.
Apart from this, the increasing adoption of synthetic leather in the automotive sector in car interiors for seats, steering wheels, and dashboards, offering a luxurious feel and appearance, is bolstering the growth of the market.
Buy This Report: https://www.imarcgroup.com/checkout?id=5420&method=1
The report has segmented the market on the basis of region, type, application and end use industry.
Breakup by Type:
• Bio-Based
• Polyvinylchloride (PVC) Based
• Polyurethane (PU) Based
Breakup by Application:
• Clothing
• Bags
• Shoes
• Purses and Wallets
• Accessories
• Car Interiors
• Belts
• Sports Goods
• Others
Breakup by End Use Industry:
• Footwear
• Furniture
• Automotive
• Textile
• Sports
• Electronics
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Asahi Kasei Corporation, DuPont Tate & Lyle Bio Products Company LLC, FILWEL Co. Ltd. (Air Water Inc.), H.R. Polycoats Pvt. Ltd., Kuraray Co. Ltd., Mayur Uniquoters Limited, Nan Ya Plastics Corporation, San Fang Chemical Industry Co. Ltd., Teijin Limited and Zhejiang Hexin Holdings Co. Ltd.
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse Other Reports:
Luxury Shuttle Bus Market : https://www.linkedin.com/pulse/luxury-shuttle-bus-market-set-grow-cagr-894-during-vikas-chauhan/
Natural Sweeteners Market : https://www.linkedin.com/pulse/natural-sweeteners-market-size-global-industry-forecast-vikas-chauhan/
Defoaming Coating Additives Market : https://www.linkedin.com/pulse/defoaming-coating-additives-market-size-trends-global-vikas-chauhan/
Tea Tree Oil Market : https://www.linkedin.com/pulse/tea-tree-oil-industry-report-forecast-2023-2028-vikas-chauhan/
Rubber Gloves Market : https://www.linkedin.com/pulse/rubber-gloves-market-share-industry-report-trends-vikas-chauhan/
Electric Rice Cooker Market : https://www.linkedin.com/pulse/electric-rice-cooker-market-size-industry-report-forecast-chauhan/
Snack Bar Market : https://www.linkedin.com/pulse/snack-bar-market-share-reach-us-347-billion-globally-2028-chauhan/
Oriented Strand Board (OSB) Market : https://www.linkedin.com/pulse/oriented-strand-board-market-size-growth-trends-vikas-chauhan/
Agricultural Chelates Market : https://www.linkedin.com/pulse/agricultural-chelates-market-size-expected-reach-us-9897-chauhan/
IMARC Services Private Limited.
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic Leather Market Poised to Reach US$ 48.4 Billion by 2028 Globally, at a CAGR of 4.2% here
News-ID: 3178986 • Views: …
More Releases from IMARC Group
How Is the Frozen Food Market Growing with Expanding Retail and E-Commerce Chann …
MARKET OVERVIEW
The global frozen food market size reached USD 261.9 Billion in 2024 and is projected to reach USD 360 Billion by 2033, growing at a CAGR of 3.59% during the forecast period of 2025-2033. Factors such as rising consumer focus on health and wellness, expanding e-commerce, advancements in logistics and preservation technologies, and growing demand for convenience are driving the market.
STUDY ASSUMPTION YEARS
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period:…
Setting up a Magnet Manufacturing Plant Cost Report 2025: Business Plan, Infrast …
Introduction
A magnet is a material or object that produces a magnetic field, enabling it to attract ferromagnetic materials such as iron, nickel, and cobalt. Magnets are broadly classified into permanent magnets, which retain their magnetic properties without external power, and electromagnets, which generate magnetism through electric current. The strength and durability of magnets depend on their material composition, commonly including neodymium, samarium-cobalt, alnico, and ferrite. These materials are engineered to…
India Vegan Food Market Size, Share & Growth Forecast by 2033
MARKET OVERVIEW
The India vegan food market size was USD 1,468.3 Million in 2024 and is projected to reach USD 3,822.3 Million by 2033, with a CAGR of 10% during the 2025-2033 forecast period. The market growth is driven by increasing health awareness about plant-based diets, a rising vegan population, and improved accessibility of vegan products. For more detailed insights, visit the India Vegan Food Market report.
STUDY ASSUMPTION YEARS
➤ Base Year:…
Europe telehealth market to grow from USD 5.7 Billion in 2024 to USD 23.4 Billio …
Market Overview
The Europe telehealth market was valued at USD 5.7 Billion in 2024 and is projected to reach USD 23.4 Billion by 2033, exhibiting a CAGR of 17.1% during the forecast period from 2025 to 2033. This growth is driven by rising demand for remote healthcare services, expanding aging populations, continuous innovations in digital health technologies, higher adoption of smartphones and wearables, government support, and the need for cost-effective healthcare…
More Releases for Synthetic
Synthetic Diamond Market Report 2024 - Synthetic Diamond Market Trends, Drivers …
"The Business Research Company recently released a comprehensive report on the Global Synthetic Diamond Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Synthetic Biology Market - Engineering life's possibilities: Synthetic biology s …
Newark, New Castle, USA: The "Synthetic Biology Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Synthetic Biology Market: https://www.growthplusreports.com/report/synthetic-biology-market/7970
This latest report researches the industry structure, sales, revenue,…
Global Synthetic Dye and Pigment Market, Global Synthetic Dye and Pigment Indust …
The synthetic dyes and pigments market entails of the sales of synthetic dyes and pigments by several entities (organizations, sole traders or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (excluding electrostatic and photographic). Pigments that are gained from natural minerals as well as synthetic pigments are comprised in this market. Artificial food-coloring is also comprised in this market. Synthetic dyes and pigments…
Synthetic Camphor Market
Research Dive has added a new report on the global synthetic camphor market to its repository. According to the report, the global synthetic camphor market is anticipated to hit $448.1 million by rising at a CAGR of 5.9% from 2019 to 2027. This report highlights various the important factors of the market such as key market segments, market dynamics & statistics, boomers, restraints, market players, and investment opportunities. It is…
Synthetic Spider Silk Market
Market Overview:
Synthetic spider silk is an alternative to the conventional spider silk replicating the latter’s features such as energy-absorbent nature, elasticity and strength. Water content in synthetic spider silk amounts up to 98%. Synthetic spider silk is made from hydrogel, which comprises of 98% of water and 2% of silica and cellulose. Synthetic spider silk is weaker compared to its natural counterpart, however, they are far stronger compared to other…
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications…
