Press release
Growing Usage of Faux Leather in Automobile Interiors to Boost Global Synthetic Leather Market
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According to the study, the rising usage of faux leather in automobiles is driving the global market for synthetic leather significantly. The expansion in the furniture industry is also expected to reflect positively on the sales of synthetic leather over the next few years.
The report identifies Europe, North America, Southeast Asia, Japan, China, and India as the prime regional markets for synthetic leather across the world. Due to the growing demand for automobiles, North America and Europe have been registering strong growth in their synthetic leather markets. Over the forthcoming years, the trend is likely to continue, ensuring the dominance of these regions. Other regional markets are also projected to witness a rising demand for synthetic leather in the near future, states the report.
The report broadly analyzes the global market for synthetic leather on the basis of the type of product and the application. Based on the type of product, the market has been classified into PVC leather, normal PU leather, microfiber PU leather, and ecological function PU leather. Hitherto, the demand for normal PU leather has been higher than other products. However, the increasing trend of eco-friendly products is likely to fuel the demand for ecological function PU leather considerably in the coming years.
Sports shoes, bags, furniture, car interiors, and sports goods have been recognized as the key application areas of synthetic leather in this research study.
This 169-page report offers a complete overview of the worldwide market for synthetic leather, considering a number of industry verticals, such as production capacity, product pricing, the dynamics of demand and supply, sales, revenue, and the rate of expansion of the overall market. A detailed analysis of the competitive landscape of the global market for synthetic leather has also been presented in this research study. The profiles of the leading companies in this market have been reviewed to determine their growth prospects in order identify the market hierarchy.
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Wangkang Group, Shandong Friendship, Hongdeli, Sanling, Fujian Huayang, Xiamen Hongxin, Meisheng Industrial, Wenzhou Huanghe, Huafon Group, Kunshan Xiefu, Jiaxing Hexin, Shandong Tongda, Yantai Wanhua, Shandong Jinfeng, Fujian Tianshou, Anhui Anli, Wenzhou Imitation Leather, Nanya, Sanfang, Kolon, Filwel, DAEWON Chemical, Ducksung, Asahi Kansei, Sappi, Favini, Bayer, Teijin, and Kuraray are the leading vendors of synthetic leather across the world, states this research study.
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