QYResearch: The Synthetic Leather revenue is expected to reach 12288.2 M USD in 2021

QYResearch


Synthetic Leather is a man made fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.

Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

According to QYResearch, The Synthetic Leather revenue was 9760.9 M USD in 2015 and is expected to reach 12288.2 M USD in 2021, growing at a CAGR of 3.91% from 2015 to 2021. China’s production accounted for the highest market share (80.56 %) in 2015, followed by Italy. 


The global Synthetic Leather industry mainly concentrates in China. The global leading players in this market are Kuraray, Toray, Teijin, Bayer, Favini, Sappi, Asahi Kansei, Ducksung, DAEWON Chemical, Filwel, Kolon, Sanfang, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Kunshan Xiefu, Huafon Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, Hongdeli, Shandong Friendship, Wangkang Group 

Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. 


Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.

Complete report is available at http://www.qyresearchglobal.com/goods-809082.html

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