Global Synthec Leather (Arficial Leather) Market Esmated to Reach $78.5 billion by 2025 Globally, at a CAGR of 4.4%, says MarketsandMarkets™ The global Synthetic Leather (Artificial Leather) Market is projected to reach USD 78.5 billion by 2025, at a CAGR of 4.4% from USD 63.3 billion in 2020, as per the recent study by MarketsandMarkets™. Synthetic leather, also known as faux leather, is an artificially made fabric, which is generally manufactured using polyurethane (PU) or polyvinyl chloride (PVC). It is processed and dyed to look like pure leather. Synthetic leather has properties such as durability and resistance to stain and weather. Factors such as growing demand from footwear industry, no animal killing involved, advantages over pure leather, and increasing demand for luxury cars and electric vehicles will drive the synthetic leather market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6616309 Browse in depth TOC on “Synthetic Leather (Artificial Leather) Market” 293 - Market Data Tables 58 – Figures 227 - Pages List of Key Players in Synthetic Leather (Artificial Leather) Market: Kuraray Co. Ltd. (Japan) San Fang Chemical Industry Co. Ltd. (Taiwan) Teijin Limited (Japan) Mayur Uniquoters Limited (India) NAN YA plastics corporation (Taiwan) Filwel Co. Ltd. (Japan) Zhejiang Hexin Industry Group Co., Ltd. (China) Alfatex N.V. (Belgium) H.R. Polycoats Pvt. Ltd. (India) Yantai Wanhua Synthetic Leather Group Co. Ltd. (China). Drivers, Restraints, and Opportunities in Synthetic Leather (Artificial Leather) Market: Driver: No Animal Killing Involved Restraint: Harmful Effects of PU and PVC on Humans Opportunity: Focus on Development of bio-based synthetic leather Challenge: Non-biodegradability of synthetic leather Key Findings of the Study:
Synthetic Leather (Artificial Leather) Market.pdf
Jul 06, 2023
The global Synthetic Leather (Artificial Leather) Market is projected to reach USD 78.5 billion by 2025, at a CAGR of 4.4% from USD 63.3 billion in 2020, as per the recent study by MarketsandMarkets™. Synthetic leather, also known as faux leather, is an artificially made fabric, which is generally manufactured using polyurethane (PU) or polyvinyl chloride (PVC). It is processed and dyed to look similar to pure leather. Synthetic leather has properties such as durability and resistance to stain and weather. Factors such as growing demand from footwear industry, no animal killing involved, advantages over pure leather, and increasing demand for luxury cars and electric vehicles will drive the synthetic leather market.
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