Latest Market Research Reports

  Synthetic Leather Industry The global  synthetic leather market  is anticipated to reach USD 66.24 billion by 2030 and is projected to grow at a CAGR of 7.87% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding animal exploitation, aided by programs run by organizations such as PETA, has played a major role in increasing the demand for leather alternatives. The growing supply-demand gap in the natural leather industry is also a major factor responsible for manufacturers opting for synthetic or artificial leather. Furthermore, natural leather is obtained from animals, which has resulted in animal killings. There have been various guidelines and laws established by various countries to protect animal rights. Animal rights laws have become a major hurdle for natural leather manufacturers in several countries. Manufacturing activities of natural leather, especially tanning, lead to pollution of the nearby sur...

Synthetic Leather Industry Overview The global  synthetic leather market   size is expected to reach USD 66.84 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% from 2022 to 2030. The expanding product application scope in footwear has been a major factor driving the market. Furthermore, the increased significance of animal rights and growing awareness regarding that, as laid forth by various groups, and strict legislation prohibiting the use of real leather are driving the demand for synthetic leather. Synthetic Leather Market Segmentation Grand View Research has segmented the global synthetic leather market based on type, application, and region: Based on the Type Insights, the market is segmented into PU Synthetic Leather, PVC Synthetic Leather, Bio-based Leather. The PU synthetic leather segment led the market and accounted for more than 55.0% share of the global revenue in 2021. It has b...