Synthetic Leather Market Insights and Forecast to 2030
Synthetic Leather Market Insights and Forecast to 2030
The Synthetic Leather Market is expected to grow from USD 6.10 Billion in 2022 to USD 6.60 Billion by 2030, at a CAGR of 1.10% during the forecast period.
What is Synthetic Leather ?
Synthetic leather, also known as faux leather, is a man-made material that mimics the look and feel of genuine leather.
Synthetic Leather Market Size
The global synthetic leather market is segmented based on type, application, and region. The types of synthetic leather include PVC, normal PU, microfiber PU, and ecological function PU. Applications for synthetic leather include sport shoes, bags, furniture, car interiors, and sports goods. The market players in the industry include Kuraray, Toray, Teijin, Bayer, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon, San Fang Chemical, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Xiefu new materials, Huafeng Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, and Hongdeli. Regulatory and legal factors specific to market conditions include environmental concerns, such as the use of chemicals in production, and the balance between cost and quality in the industry.
Synthetic LeatherMarket Segment Analysis
One of the latest trends seen in the Synthetic Leather market is the increasing use of eco-friendly materials in its production. Many Synthetic Leather manufacturers are now using materials that are both environmentally friendly and ethical. This trend is driven by the growing concern of consumers about the impact of production on the environment.
Information for this post was sourced from https://www.reportprime.com/
