DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Synthetic Leather Market Analysis By Product (PU, PVC, Bio based), By Application (Furnishing, Automotive, Footwear, Bags & wallets, Clothing, Others), By Region, And Segment Forecasts, 2014 - 2025" report to their offering.
The global synthetic leather market is expected to reach USD 85.05 billion by 2025. Globally increasing applications in foot wears has been a major factor driving market growth. In addition, increasing focus towards animal rights led by several organizations and rising stringency in laws governing real leather are propelling demand for synthetic leather.
Synthetic leather materials are competing with natural leather for over three decades owing to its superior properties such as high durability, strength, UV resistance, easy maintenance and high gloss finish. Cheaper prices of products made up from faux leather continue to attract huge number of customers from middle and high income level groups. However, in countries such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty free material.
Polyurethane was the largest product category in 2015 and is expected to grow at the fastest CAGR over the forecast period. PVC is anticipated to maintain a slow growth rate on account of its properties which include sticky finish and lesser durability.
Companies Mentioned
- Kuraray Co. Ltd.
- H.R. Polycoats Pvt. Ltd
- Alfatex Italia SRL
- Filwel Co. Ltd
- Yantai Wanhua Synthetic Leather Group Co. Ltd.
- San Fang Chemical Industry Co. Ltd
- Mayur Uniquoters Limited
- Nan Ya Plastics Corporation
- Zhejiang Hexin Industry Group Co. Ltd
-
Teijin Limited
Key Topics Covered:
1 Research Methodology
2 Executive Summary
3 Synthetic Leather Market Variables, Trends & Scope
4 Synthetic Leather Market: Product Estimates & Trend Analysis
5 Synthetic Leather Market: Application Estimates & Trend Analysis
6 Synthetic Leather Market: Regional Estimates & Trend Analysis, by Product & Application
7 Competitive Landscape
8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/p7wxjz/synthetic_leather
