The global synthetic leather market size is anticipated to register a significant CAGR of over 7% during the forecast period 2021 to 2027. The increasing demand for lather from the footwear industry is a primary factor to drive the market growth. furthermore, the improving lifestyle and the increasing disposable income per capita is expected to increase the demand for various products such as clothing, bags, footwear, which is expected to boost the market growth over the forecast period. Moreover, the rapid growth in urbanization and the increasing demand from the automotive and furnishing industry if anticipated to fuel the market in next upcoming years.
The report titled "Synthetic Leather Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Synthetic Leather industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Synthetic Leather market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Synthetic Leather Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Data Synthetic Leather Market Segmentation:
By Product:
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Bio-based
- Others
By Application:
- Furnishing
- Automotive
- Footwear
- Bags & Wallets
- Clothing
- Others
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key Companies:
- Teijin Limited
- R. Polycoats Pvt. Ltd.
- Filwel Co. Ltd.
- Mitsubishi Chemicals Corp.
- Kuraray Co. Ltd.
- Kolon Industries, Inc.
- Yantai Wanhua Synthetic Leather Group Co. Ltd.
- Toray Industries, Inc.
- San Fang Chemical Industry Co. Ltd.
- Alfatex N.V.
Key Questions Answered by Synthetic Leather Market Report
· Product popularity and adoption based on various country-level dynamics
· Regional presence and product development for leading market participants
· Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
· Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
· number of employees and market concentration, among others
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