Synthetic Leather Market Size, Share, and Forecast by 2031
Synthetic Leather Market: Strategic Insights
Synthetic Leather Market
-
CAGR (2023 - 2031)6.5% -
Market Size 2023
US$ 30.25 Billion -
Market Size 2031
US$ 50.41 Billion
Market Dynamics
GROWTH DRIVERS
- Growing demand for cruelty-free products
- Rising adoption in fashion and automotive industries
- Increasing awareness of environmental impact of leather production
FUTURE TRENDS
- Focus on bio-based synthetic leathers
- Rise of vegan and sustainable fashion
- Innovations in synthetic leather for automotive interiors
OPPORTUNITIES
- Growth in plant-based synthetic leathers
- Development of sustainable synthetic leather production methods
- Expansion in furniture and interior design applications
Key Players
- Kuraray Co Ltd
- SAN FANG CHEMICAL INDUSTRY CO LTD
- TEIJIN LIMITED
- NAN YA PLASTICS CORPORATION
- FILWEL Co Ltd
- Alfatex Italia
- Mayur Uniquoters Limited
- H R POLYCOATS PVT LTD
- FUJIAN POLYTECH TECHNOLOGY CORP LTD
- BASF SE
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type - Polyurethane
- Polyvinyl Chloride
- Silicone
Application - Footwear
- Furniture
- Automotive
- Clothing
- Stationery Goods
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