The
synthetic leather market and it is
poised to grow by $ 12.98 bn during 2020-2024, progressing at a CAGR of about
8% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample
Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Alfatex Italia Srl, Anhui Anli Material
Technology Co. Ltd., Asahi Kasei Corp., FILWEL Co. Ltd., Kuraray Co. Ltd.,
Mayur Uniquoters Ltd., Nan Ya Plastics Corp., Sanfang Chemical Industry Co.
Ltd., Teijin Ltd., and Toray Industries Inc. are some of the major market
participants. To make the most of the opportunities, market vendors should
focus more on the growth prospects in the fast-growing segments, while
maintaining their positions in the slow-growing segments.
The high demand from developing economies has been instrumental in
driving the growth of the market. However, stringent government regulations and
standards might hamper the market growth.
Synthetic Leather Market 2020-2024 : Segmentation
Synthetic Leather Market is segmented as below:
·
Product
o
PU-based
o
PVC-based
o
Bio-based
·
Application
o
Footwear Industry
o
Furnishing Industry
o
Automotive Industry
o
Bags Industry
o
Other Industry
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
Synthetic Leather Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our synthetic leather market report
covers the following areas:
·
Synthetic Leather Market size
·
Synthetic Leather Market trends
·
Synthetic Leather Market industry analysis
This study identifies increasing production capacity as one of the prime
reasons driving the synthetic leather market growth during the next few years.
Synthetic Leather Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
synthetic leather market, including some of the vendors such as Alfatex Italia
Srl, Anhui Anli Material Technology Co. Ltd., Asahi Kasei Corp., FILWEL Co.
Ltd., Kuraray Co. Ltd., Mayur Uniquoters Ltd., Nan Ya Plastics Corp., Sanfang
Chemical Industry Co. Ltd., Teijin Ltd., and Toray Industries Inc. Backed with
competitive intelligence and benchmarking, our research reports on the
synthetic leather market are designed to provide entry support, customer
profile and M&As as well as go-to-market strategy support
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