– Shift toward vegan and animal-free products in making of consumer products propelling sales in synthetic leather market; rise in demand for automotive sector generate incremental avenues for stakeholders
– Proliferating demand for polyvinylchloride-based affordable and glossy synthetic leather steer revenue growth; Asia Pacific to contribute massive lucrative avenues on back of considerable uptake of products
ALBANY, N.Y., March 7, 2022 /PRNewswire/ — The sales of synthetic leather has proliferated from the growing demand for animal-free products in the making of a wide array of consumer goods, furnishings, and sporting goods. The consumption of artificial leather has been propelled by the growing popularity of animal-free alternatives for use in materials in automobiles. The global synthetic leather market is projected to advance at CAGR of 7.23% during 2021–2031.
Synthetic leather is rapidly gathering steam among end-use industries on the back of their relative inexpensiveness, which makes the products affordable to mass at large. Plastics are extensively used in…
