The extensive report on the Global Synthetic Leather Market report is an extensive analysis of the current and emerging trends of the market influencing the growth of the market. The report offers a precise analysis of the key statistics, market value and share analyses, and revenue forecast, along with a comprehensive analysis of the competitive landscape and regional segmentation. The global Synthetic Leather market report is a granular assessment of the business sphere with a thorough focus on the key segments in the industry landscape.

The latest report is inclusive of an extensive coverage of the significant impact of the COVID-19 pandemic on the Synthetic Leather business sector. The coronavirus outbreak has drastically impacted the global economic landscape, and consequently, this particular business vertical. Therefore, the report provides the reader with a clear concept of the current scenario of this business vertical, estimating its COVID-19 aftereffects.

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The latest study provides an insightful analysis of the broad competitive landscape of the global Synthetic Leather market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Synthetic Leather market and pinpoint the fundamental growth trends.  

H.R. Polycoats Pvt. Ltd., Kuraray Co., Ltd., Teijin Limited, Zhejiang Hexin Industry Group Co., Ltd., Alfatex N.V., San Fang Chemical Industry Co., Ltd., Filwel Co., Ltd., Yantai Wanhua Synthetic Leather Group Co., Ltd., BASF SE, Mayur Uniquoters Limited.

Emergen Research has segmented synthetic leather market based on type, application, and region:

Type Outlook (Revenue, USD Billion; 2021–2028)

Polyurethane (PU)

Polyvinyl Chloride (PVC)

Bio-Based

Application Outlook (Revenue, USD Billion; 2021-2028)

Footwear

Clothing

Automotive

Bags

Purses & Wallets

Furnishing

Sports

Electronics

 Some Key Points of The Report

On 29thJune 2020, BASF launched 10 variations of Haptex 2.0 – a new and improved series of its innovative polyurethane (PU) solution for the production of synthetic leather. Enhanced with a higher peel strength, anti-yellowing, and high abrasion performance properties, Haptex 2.0 enables high performance using synthetic leather across different industries, such as furniture, footwear, automotive, apparel, and accessories.

Asia Pacific held largest market share in 2020 and is expected to maintain its dominance during the forecast period. China is the leading exporter of artificial leather followed by India and South Korea. Advancement in technology, favorable government policies to attract investment, coupled with increasing disposable income and population are the factors driving synthetic leather market growth in this region. However, due to the recent border skirmishes between China and India and growing trade dispute between the US and China, there has been a paradigm shift of interest toward Indian markets. Government of India has strategically used this opportunity to promote self-reliance and has incentivized various sectors especially Small and Mid-size Enterprises (SMEs) to promote manufacturing and export of artificial leather and footwear.

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Key Objectives of the Global Synthetic Leather Market Report:

An all-inclusive analysis and forecast estimation of the market have been included in this report.

The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Synthetic Leather market and its leading players.

The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.

Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the report provides a qualitative and quantitative analysis of the Global Synthetic leather market, including the global and regional analysis of the market. The study covers critical information and factual data about the Synthetic leather industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Synthetic leather market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Synthetic leather industry.

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