What is Cagr of synthetic leather market from the forecast period 2022 to 2032?

The synthetic leather market is growing at a (compound annual growth rate) CAGR of 7.20% during the forecast period from 2022 to 2032.

How big is the synthetic leather market?

The global synthetic leather market size was estimated at USD 32.8 billion in 2022 and is expected to reach USD 64.6 billion in 2032.

What are the factors driving the synthetic leather market?

Key factors that are driving the synthetic leather market growth include rising applications across furnishing, automotive, clothing, bags, and also artificial alternatives leather can also be used in marine furnishing as it is saltwater resistant and is better comparatively.

Who are the key players in the Synthetic Leather Market?

Key players operating in the global synthetic leather market are Asahi Kasei Corporation, Kuraray Co. Ltd, San Fang Chemical Industry Co., Ltd., Achilles USA, Inc., Teijin Limited, Nan Ya Plastics Corporation Inc., FILWEL Co., Ltd., H.R.Polycoats Pvt. Ltd., Alfatex Italia SRL, Zhejiang Hexin Holdings Co., Ltd, Toray Industries, Mayur Uniquoters Limited, and FUJIAN POLYTECH TECHNOLOGY CORP., LTD.

What segments are covered in the Synthetic Leather Market Report?

The Global Synthetic Leather Market is Segmented on the basis of Product, End-User, And Geography.

What are the key driving factors for the growth of the Synthetic Leather Market?

The expansion of the worldwide synthetic leather market is being fueled by increased awareness of the benefits of synthetic leather over genuine leather, as well as increased demand from the footwear sector.

Synthetic Leather Market Size, Share

Global Synthetic Leather Market By Product (PU Synthetic Leather, PVC Synthetic Leather, and Bio-based Leather), By Application (Footwear, Clothing, Furnishing, Automotive, Wallets, Bags, & Purses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast: 2023-2032

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