Synthetic Leather Industry Overview The global synthetic leather market size is expected to reach USD 66.84 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% from 2022 to 2030. The expanding product application scope in footwear has been a major factor driving the market. Furthermore, the increased significance of animal rights and growing awareness regarding that, as laid forth by various groups, and strict legislation prohibiting the use of real leather are driving the demand for synthetic leather. Synthetic Leather Market Segmentation Grand View Research has segmented the global synthetic leather market based on type, application, and region: Based on the Type Insights, the market is segmented into PU Synthetic Leather, PVC Synthetic Leather, Bio-based Leather.
Based on the Application Insights, the market is segmented into Furnishing, Automotive, Footwear, Wallets, Bags & Purses, Clothing, Others.
Synthetic Leather Regional Outlook
Key Companies Profile & Market Share Insights The market for synthetic leather is dominated by very few companies with a large production capacity, mostly in the Asia Pacific. Companies are majorly using strategies such as joint ventures, mergers & acquisitions, production capacity expansions, and new product development to drive their revenues and increase their market shares. Some prominent players in the global synthetic leather market include
Order a free sample PDF of the Synthetic Leather Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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