Global Synthetic Leather Market Size By Product, By End-User, By Geographic Scope And Forecast

Dec 2020| VMR3695A| Verified Market Research

Report Highlights

Synthetic Leather Market Size And Forecast

Synthetic Leather Market was valued at USD 28.01 Billion in 2019 and is projected to reach USD 48.19 Billion by 2027, growing at a CAGR of 7.0% from 2020 to 2027.

Global Synthetic Leather Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Evolving consumer trends, increasing demand from the footwear industry, rising demand for animal-free products and mounting awareness concerning the attributes of synthetic leather amongst others are major factors anticipated to boost the market growth of global synthetic leather market. In addition to this emphasis on the development of bio-based leather is expected to create opportunity for the market. However, Harmful effects of PU and PVC may hamper the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Synthetic Leather Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Synthetic Leather Market Competitive Landscape

The Global Synthetic Leather Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Kuraray Co. Ltd, Teijin Limited, San Fang Chemical Industry Co. Ltd, Mayur Uniquoters Ltd., Filwel Co. Ltd., Nan Ya Plastics Co. Ltd., Zhejiang Hexin Industry Group Co., Ltd., H.R. Polycoats Pvt. Ltd., Yantai Wanhua Synthetic Leather Group Co. Ltd. and Alfatex.

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