Skip to main content

Posts

Showing posts with the label Synthetic Leather Industry

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 gr...