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Synthetic Leather Market Estimated to Expand at a Robust CAGR by 2027

Synthetic Leather Market Estimated to Expand at a Robust CAGR by 2027<br>

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Synthetic Leather Market Estimated to Expand at a Robust CAGR by 2027

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  1. Synthetic Leather Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2026 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Over the past decade, the global demand for synthetic leather has witnessed significant growth. • The soaring demand for synthetic or faux leather is driven by a range of factors, including evolving consumer trends, mounting concerns over the impact of traditional leather on the environment, ascending demand for animal-free products, and growing awareness regarding the attributes of synthetic leather, among others. • At present, synthetic leather is increasingly being used in a range of applications, which include footwear, interior designing, furnishing, automotive interiors, garments, and luxury goods. High Demand for Eco-friendly and Sustainable Synthetic Leather Products View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. Adoption of Polyurethane Synthetic Leather Gains Momentum • In the past few years, the adoption of ethically manufactured materials, such as synthetic leather in various end-use industries has grown at a rapid pace. • Increasing number of consumers are leaning toward purchasing greener and sustainable products, which, in turn, has increased the demand for polyurethane leather. The polyurethane product type segment is projected to account for ~ 67% share of the synthetic leather market, in terms of value, and is expected to reach a value of ~US$ 12.2 Bn in 2019.

  5. Rise in R&D Investments to Develop Sustainable Synthetic Products Within the synthetic leather market, research and development activities have played a pivotal role in differentiating the overall attributes of synthetic leather from traditional leather. Stakeholders in the synthetic leather market landscape are investing in research and development activities to develop synthetic leather with superior properties. Upcoming and established players in the current market landscape are engaged in the development of synthetic leather with various textures, colors, patterns, and functionalities. ©2019 Transparency Market Research, All Rights Reserved

  6. Key players operating in the global synthetic leather market include Asahi Kasei Corporation FUJIAN POLYTECH TECHNOLOGY CORP.,LTD. Mayur Uniquoters Limited Toray Industries, Inc. Zhejiang Hexin Holdings Co., Ltd. Alfatex Italia SRL H.R.PolycoatsPvt. Ltd. ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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