CHICAGO, March 9, 2023 (GLOBE NEWSWIRE) — The Global Faux Leather (Faux Leather) Market. is expected to reach $78.5 billion by 2025 at a CAGR of 4.4% from $63.3 billion in 2020according to the latest study by MarketsandMarkets™. Faux leather, also known as faux leather, is a man-made fabric typically made from polyurethane (PU) or polyvinyl chloride (PVC). It is processed and dyed to look like pure leather. Faux leather has properties such as durability and resistance to stains and weathering. Factors such as the growing demand of the footwear industry, no animal killing, advantages over pure leather, and increasing demand for luxury cars and electric vehicles will drive the synthetic leather market.

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Browse Detailed TOC on Synthetic Leather (Faux Leather) Market

293 – Market Data Tables
58 – Numbers
227 pages

List of Major Players in Faux Leather (Faux Leather) market:

1. Kuraray Co.Ltd. (Japan)
2. San Fang Chemical Industry Co.Ltd. (Taiwan)
3. Teijin Limited (Japan)
4. Mayur Uniquoters Limited (India)
5. NAN YA Plastics Corporation (Taiwan)
6. Filwel Co.Ltd. (Japan)
7. Zhejiang Hexin Industry Group Co., Ltd. (China)
8. Alfatex NV (Belgium)
9. HR Polycoats Pvt. (India)
10. Yantai Wanhua Synthetic Leather Group Co.Ltd. (China).

Drivers, limitations and possibilities in leatherette (leatherette) Market:

1. Driver: No animal killing involved
2. restraint: Harmful effects of PU and PVC on humans
3. Opportunity: Focus on the development of bio-based artificial leather
4. Challenge: Non-biodegradability of artificial leather

Main results of the study:

1. Bio-based leather is expected to be the fastest growing type for the synthetic leather market between 2020 and 2025
2. Shoes are projected to be the fastest growing end-use industry in the synthetic leather market between 2020 and 2025.
3. APAC is expected to be the fastest growing region for synthetic…