3 Key Insights on US$ 45 Bn Opportunity in Global Synthetic Leather Market – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit With increased demand from the footwear industry, fewer animals slaughtered, advantages over pure leather, and increased demand from the OEM industry, the Synthetic Leather Market is Forecasted to Reach ~US$ 45 Bn by 2028 says Ken Research Study. Artificial leather, often known as synthetic leather, is a material designed to replace real leather in applications such as upholstery, clothing, footwear, and others where a leather-like finish is desired. Natural leather alternatives are required in part due to the expensive cost of natural leather. Another significant type of synthetic leather that has gained popularity is PVC leather, which is used for a wide range of products such as shopping bags, cosmetic bags, wallets, suitcases, purses, and travel bags. According to Ken Research estimates, the Global Synthetic Leather Market – which grew from around US$ 20 billion in 2017 to nearly US$ 30 billion in 2022 – is expected to grow further into a ~US$ 45 billion opportunity by 2028. Ken Research shares 3 key insights on this high-opportunity market from its latest research study. Strict Regulations on Animal Slaughtering are Boosting the Demand for Synthetic Leather Over a billion animals are killed each year for their skin, claims People for the Ethical Treatment of Animals (PETA). Genuine leather is primarily produced in developing nations like China and India, where regulations protecting animals are not sufficiently implemented. However, strict rules are probably going to be implemented in Asia Pacific and the rest of the world, which will boost demand for genuine leather replacements. As a result, businesses are concentrating on synthetic leather, also known as an alternative to genuine leather. The production of synthetic leather uses substances made of synthetic materials rather than actual animal skins. Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDk3 Growing Demand from Footwear Sector is propelling the growth of the Global Synthetic Leather Market The footwear industry has experienced a tremendous expansion in recent years as a result of rising demand from emerging markets. However, because of the global recession, consumer spending has slightly decreased in the United States and other European nations. South Asian nations like Vietnam, Thailand, South Korea, China, and India have all expressed a strong interest. Asia’s demand for synthetic leather is likely to be greatly impacted by this. More foreign investment will speed up industrial penetration in emerging economies throughout the course of the projection period. One of the first industries to adjust to the global shift in consumer spending habits was the luxury industry. Bad Effect of PU and PVC on Human Health Hamper the Market Growth The environment, as well as the health of people and animals, are negatively impacted by the raw ingredients used to make synthetic leather, such as polyurethane (PU) and polyvinyl chloride (PVC). As an isocyanate, PU has the potential to harm the lungs since it aggravates the airways and triggers asthma symptoms. In addition to irritating the skin, it makes breathing difficult owing to lung infection. Polyurethane fumes, to which employees at PU production factories are frequently exposed, can cause several health problems, including nausea, upset stomachs, and dizziness. Dioxin, phthalates, and vinyl chloride monomer (VCM) are only a few of the hazardous carcinogens found in PVC. Dioxin is a highly hazardous and destructive substance that is typically released after the burning of chlorine-containing polymers. As a result, the production of PVC and PU is hazardous, which significantly restricts the market for synthetic leather. Key Topics Covered in the Report Snapshot of the Global Synthetic Leather Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Synthetic Leather Market Historic Growth of the Overall Global Synthetic Leather Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Synthetic Leather Industry Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors COVID-19 Impact on the Overall Global Synthetic Leather Market Future Market Forecast and Growth Rates of the Total Global Synthetic Leather Market and by Segments Market Size of Application Segments with Historical CAGR and Future Forecasts Analysis of Global Synthetic Leather in Major Regions Major Production/Supply and Consumption/Demand Hubs within Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Region Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDk3 Major Players Mentioned in the Report R. Polycoats Private Limited. Kuraray Co., Ltd. Teijin Limited Nan Ya Plastics Corporation Mayur Uniquoters Limited San Fang Chemical Industry Co., Ltd. Filwel Co., Ltd. Zhejiang Hexin Science and Technology Co., Ltd. Asahi Kasei Corporation. Toray Industries, Inc. Notable Emerging Companies Mentioned in the Report Fujian Polytech Technology Corp., Ltd. Daewon Chemical Co Ltd. Kolon Industries Inc. Achilles Corp Gruppo Mastrotto spa Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Synthetic Leather Manufacturers Leather Goods Manufacturers Leather Research & Development Institutes Environmental Protection Regulators Industrial Processing Machinery Suppliers Synthetic Leather Suppliers Synthetic Leather Raw Material Provider Investment Banks Targeting Consumer Goods Market Plastic and Rubber Manufacturers Adhesive Manufacturers Government Regulators of Chemicals and Plastics Industry Chemical and Plastics Industry Associations Potential Entrants of Synthetic Leather Industry For more information on the research report, refer to the below link: Global Synthetic Leather Market Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Tags: Adhesive Manufacturers, Africa Synthetic Leather Market Revenue, Alternative Leather Market, Artificial Leather Market, Asahi Kasei Corp Synthetic Leather Market, Asia-Pacific Synthetic Leather Market, Automotive interior Synthetic Leather Market, Bags Synthetic Leather Market, Bio-Based Synthetic Leather Market, Clothing Synthetic Leather Market, Demand for Synthetic Leather Market, Electronics Synthetic Leather Market, Emerging Companies in Synthetic Leather Market, Europe Synthetic Leather Market Revenue, Filwel Synthetic Leather Market, Footwear Synthetic Leather Market, Furnishing Synthetic Leather Market, Global fabricated Leather Market, Global Synthetic Leather Distributors, Global Synthetic Leather End Users Industry, Global Synthetic Leather Industry, Global Synthetic Leather Industry Outlook, Global Synthetic Leather Market, Global Synthetic Leather Sector, H.R. 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