Synthetic Leather Market Set to Reach USD 88 Billion by 2028 Amid Growing Demand for Sustainable Alternatives [Yahoo! Finance]
KURARAY CO UNSP/ADR (KURRY)
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Source: Yahoo! Finance
Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets), and Region (North America, Europe, Asia Pacific, MEA, South America) - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. The synthetic leather market is poised for significant growth, with a projected value of USD 88 billion by 2028, exhibiting a robust CAGR of 5.1% from its 2023 value of USD 68.7 billion. The synthetic leather market is witnessing substantial growth, primarily driven by two key factors. First, the ever-expanding footwear industry has increasingly adopted synthetic leather due to its versatility, affordability, and durability. Second, there's a growing global concern about animal welfare, prompting consumers and manufacturers to seek ethical and sustainable alternatives to genuine leather. These combined forces are propelling the demand for synthetic leather products in various end-use industries such as footwear, furnishings, automotive, clothing, bags, purs
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News
- Global Synthetic Leather Market Analysis Report 2024-2030: Growing Supply-Demand Gap in Natural Leather Industry Drives Demand for Synthetic or Artificial Leather [Yahoo! Finance]Yahoo! Finance
- Polyvinyl Alcohol Films Markets: Fully Hydrolyzed, Partially Hydrolyzed, Detergent Packaging, Medical & Healthcare, Polarizing Plates, Food Packaging, Agrochemical Packaging - Global Forecast to 2028 [Yahoo! Finance]Yahoo! Finance