Synthetic Leather Market 2023-2030
September 1, 2023 ⚊ 1 Min read ⚊ Views 39 ⚊ BUSINESS
Synthetic Leather Market is estimated to grow from USD 36.17 billion in 2022 to USD 59.42 billion by 2030. It occupies a CAGR of 6.4% during the forecast period 2023-2030. A major aspect driving market expansion has been the expanding product application scope in footwear. Furthermore, the increased relevance and knowledge of animal welfare, as well as strict legislation prohibiting the use of real leather, are driving demand for synthetic leather. Synthetic leather has many advantages, including a high gloss finish, strength, durability, and UV resistance, as well as ease of maintenance. Furthermore, synthetic leather products are less expensive, which continues to attract customers, particularly from the medium and upper income levels.
Tags: Synthetic Leather Market
