NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The Global Synthetic Leather Market size is estimated to grow by USD 25.3 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 9.42% during the forecast period. High demand from developing economies is driving market growth, with a trend towards customization of synthetic leather.
However, fluctuating raw material prices poses a challenge - Key market players include AIR WATER INC., Akea Srl, Alfatex Italia Srl, Anhui Anli Material Technology Co. Ltd.
, Asahi Kasei Corp., Colence Pvt. Ltd.
, H.R. Polycoats Pvt.
Ltd., Kolon Industries Inc., KURARAY Co.
Ltd., Lederplast Spa, Marvel Vinyls Ltd., Mayur Uniquoters Ltd.
, Nan Ya Plastic Corp., San Fang Chemical Industrial Co. Ltd.
, Teijin Ltd., Toray Industries Inc., Uniroyal Global Engineered Products Inc.
, Winner Nippon Leatherette Pvt. Ltd., Zhejiang Hexin Industry Group Co.
Ltd., and Zhejiang Yongfa Synthetic Leather Co. Ltd.
. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The customization trend in synthetic leather is gaining traction worldwide, particularly among luxury consumer product manufacturers.
This involves customizing the design, color, luster, and texture of synthetic leather. Over the past five years, customized synthetic leather has become increasingly popular across various industrie.
