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Synthetic Leather Market Gaining Traction From Changing People s Spending Habits

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Palli Prapul
Synthetic Leather Market Gaining Traction From Changing People s Spending Habits

 Synthetic or artificial leather is leather used in applications such as upholstery, clothing, footwear and other applications where the leather-like finish is desirable but cannot be feasible due to cost constraints. It is manufactured by covering a fabric base by a plastic layer. Here the fabric base is made out of natural or a special synthetic fiber called soft polyvinyl chloride (PVC).

Another type of fiber used for the production of synthetic leather is called polyurethane or PU leather fiber. PU leather has a unique ability to be water-proof, softer and lighter than real leather. Due to an increased interest on eco-friendliness among people and governmental probation on leather trade in some places, it can be estimated that there is a need for cost-effective vegan leather thereby generating a demand for the synthetic leather market.

According to the data analyst at IndustryARC, the synthetic leather market size is $25 billion. The market is projected to grow at a CAGR of 6.95% during the forecast period of 2019-2025. The major region where the market exists is APAC with a regional share of 28%. The key application area is footwear with an application growth CAGR of 4.50%. The report covers Synthetic Leather (Artificial Leather) Market size by type and applications, Synthetic Leather (Artificial Leather) Market share by top 5 companies and also the market share by start-ups during the forecast period.

View Full Table Of Content Of synthetic leather Markethttps://www.industryarc.com/Research/Synthetic-Leather-Market-Research-500439

Competitive Landscape:

There are several companies leading the synthetic leather market. These companies are Kuraray Co.Ltd., San Fang Chemical Industry Co. Ltd. , Teijin Limited, Mayur Uniquoters Ltd., Polyfabs, Aroravinyl, Jindalcoaters, Fitwel Co. Ltd. , Nan Ya Plastics, Industrial Co Ltd, H.R Polycoats Pvt Ltd, and Kolon Industries. Kuraray Co. Ltd produces leather by using machines and manpower without affecting animal life. San Fang Chemical Industry Co. Ltd. is a Japanese firm producing industry grade leather of many variations. Teijin Limited produces high-grade artificial leather under the name of Cordley. Mayur Uniquoters Ltd. impresses with its wide range of textile varieties that are being produced and offered to customers to select from.

Leathers produced by Polyfabs boast of leather properties such as being highly durable, soft and supple, scratch resistant, consistent quality, water repellant and being innovative. Aroravinyl is based out of India and is one of the leading manufacturers, suppliers, and exporters of PVC leathers. It insists on quality management practices in the process. Jinalcoaters has a plant established in the year 2006 under the name of United Decoratives Private Limited. Fitwel Co. Ltd. Nan Ya Plastics is based primarily out of Taiwan and strives for a vision of continuous diversification, excelsior and push towards the limit towards its ambition of becoming a world leader in the leather industry.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=500439

Conclusion:

Discovery of synthetic leather made it possible to maintain an ecological balance in the world with an added advantage of opening options regarding the types of leather to choose from for showcasing a decent appeal. It is becoming increasingly visible that soon in the days to come, people are going to opt for colorful synthetic leather materials boycotting their natural alternatives.

Related Reports:

Faux Leather Market
https://www.industryarc.com/Report/15524/faux-leather-market.html

Coating Agents For Synthetic Leather Market
https://www.industryarc.com/Research/Coating-Agents-For-Synthetic-Leather-Market-Research-503020

Polyvinyl Chloride (PVC) Market
https://www.industryarc.com/Report/18795/polyvinyl-chloride-market

About IndustryARC:


IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: [email protected]
Organization: IndustryARC
Phone: (+1) 614-588-8538

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