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Synthetic Leather Market with Current Trend Analysis till 2025

Globally increasing applications in foot wears has been a major factor driving market growth. In addition, increasing focus towards animal rights led by several organizations and rising stringency in laws governing real leather are propelling demand for synthetic leather.

The Global Synthetic Leather Market is expected to reach USD 85.05 billion by 2025, according to a new report by Grand View Research, Inc.


Synthetic leather materials are competing with natural leather for over three decades owing to its superior properties such as high durability, strength, UV resistance, easy maintenance and high gloss finish.

Cheaper prices of products made up from faux leather continue to attract huge number of customers from middle and high income level groups. However, in countries such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty free material.

Polyurethane was the largest product category in 2015 and is expected to grow at the fastest CAGR over the forecast period. PVC is anticipated to maintain a slow growth rate on account of its properties which include sticky finish and lesser durability.

To Know More About Synthetic Leather Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/synthetic-leather-market

Footwear application segment is expected to observe the fastest growth over the next nine years with an estimated CAGR of around 9.7% from 2016 to 2025. Cheaper costs, fluctuating climatic conditions in countries creating needs for several types of footwear coupled with rising disposable income levels are fueling the demand for synthetic leather in footwear segment. Moreover, trend of incorporating athletic shoes in daily lifestyle is further augmenting demand of the application segment over the forecast period.

Top Players of Synthetic Leather Market:

Key players including Nan Ya Plastics Corporation, Mayur Uniquoters Limited, Alfatex Italia SRL, and Kuraray Co. Ltd. dominated the market.

Market Segmentation of Synthetic Leather Market:

The Global Synthetic Leather Market segmented on the basis of Product, Application, and Region.

By Product:

    PU
    PVC
    Bio based

By Application:

    Furnishing
    Automotive
    Footwear
    Bags & wallets
    Clothing

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Synthetic Leather Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4404
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