Market Research Insights

  San Francisco, 12 April 2024:  The Report  Synthetic Leather Market  Size, Share & Trends Analysis Report By Type (PU, PVC, Bio-based), By Application (Footwear, Automotive, Furnishing, Clothing, Wallets Bags & Purses), By Region, And Segment Forecasts, 2024 - 2030 The global synthetic leather market is anticipated to reach USD 66.24 billion by 2030 and is projected to grow at a CAGR of 7.87% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding animal exploitation, aided by programs run by organizations such as PETA, has played a major role in increasing the demand for leather alternatives. The growing supply-demand gap in the natural leather industry is also a major factor responsible for manufacturers opting for synthetic or artificial leather. Furthermore, natural leather is obtained from animals, which has resulted in animal killings. There have been various guidelines and laws e...

  San Francisco, 22 Dec 2021:   The Report  Synthetic Leather Market  Size, Share & Trends Analysis Report By Product (Bio-based, PVC, PU), By Application (Automotive, Footwear), By Region (APAC, Central & South America), And Segment Forecasts, 2021 - 2028 The global synthetic leather market size is anticipated to reach USD 57.0 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 7.8% from 2021 to 2028. Increasing product application scope in footwear has been a major factor driving the market growth. In addition, growing importance and awareness about animal rights and stringent laws regarding the usage of real leather are propelling the demand for its synthetic counterpart. Synthetic leather materials offer superior properties, such as high gloss finish, durability, strength, and UV resistance, and easy maintenance. Moreover, products made from faux leather are cheaper and thus, continue to attra...

  San Francisco, 3 June 2021:   The Report  Synthetic Leather Market  Size, Share & Trends Analysis Report By Product (Bio-based, PVC, PU), By Application (Automotive, Footwear), By Region (APAC, Central & South America), And Segment Forecasts, 2021 - 2028 The global synthetic leather market size is anticipated to reach USD 57.0 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 7.8% from 2021 to 2028. Increasing product application scope in footwear has been a major factor driving the market growth. In addition, growing importance and awareness about animal rights and stringent laws regarding the usage of real leather are propelling the demand for its synthetic counterpart. Synthetic leather materials offer superior properties, such as high gloss finish, durability, strength, and UV resistance, and easy maintenance. Moreover, products made from faux leather are cheaper and thus, continue to attra...