Chemical Market Research Reports

    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. The PU synthetic leather segment led the market and accounted for more than 55.0% share of t...

  Global Synthetic Leather Market is expected to reach USD 85.05 billion by 2025. Synthetic leather is also termed as an artificial leather or rexine, leatherette, or faux leather is manufactured using polyurethane (PU) or PVC, which is treated and dyed to look like real leather. It is versatile leather made from tanned animal hides. It is exclusively used in fashion industries for products like wallets, shoes, luggage, jackets, sofas and electronic cases, and car interiors. It is cost efficient, strong, and stain resistant. The Synthetic Leather Market is estimated to grow at a significant CAGR of 9.5% over the forecast period as the scope and its applications are rising enormously across the globe. Rising demand for lightweight leather in automobile industry, changing lifestyle as increasing number of passenger cars, growing demand for luxurious goods, and increasing population in developing countries like India and China are documented as major factors of Synthetic Leather Marke...