Synthetic Leather Market
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Synthetic Leather Market was valued around US$ XX Bn in 2018, exhibiting a CAGR over XX % during the forecast year 2018-2026
Synthetic leather is a material intended to an alternative for leather in market areas such as upholstery, clothing, footwear and fabrics and other uses where a leather-like finish is required, but actual material is too expensive or unsuitable. Synthetic leather is marketed under many names, including leatherette, vegan leather, faux leather, PU leather and pleather.
Currently, synthetic leather has gained universal acceptance and is often used as an alternative for genuine leather because it is less expensive and does not require any genuine animal hide. Synthetic leathers are available in a variety of colors, leading to them being used in a wide number of industries such as footwear, automobile, garments, and fashion accessories such as bags, wallets, etc. In addition, synthetic leather is cheaper than natural leather and superior to genuine leather in terms of its diversity in looks and use; therefore it has become the popular choice for many manufacturers active in the automobile and footwear industry.
Global footwear market is growing at highest CAGR between other end users of synthetic leather. This is credited to a growing standard of living and increasing urban population around the world. In upcoming years, footwear industry is expected to make a major share of overall demand for Synthetic Leather. Furthermore, increasing disposable income motivating people around the world to enrich their house, such as furnishing the house with a covering, which may fuel the demand for Synthetic Leather Market.
|Target Nation: All Nations|
Target City : pune
Last Update : 08 October 2020
Number of Views: 33
|Item Owner : aarti|
Contact Phone: 07447481605
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