Global Synthetic Leather For Furniture market will reach 12900 million US$ by the end of 2025
The global Synthetic Leather For Furniture market is valued at 7130 million US$ in 2017 and will reach 12900 million US$ by the end of 2025, growing at a CAGR of 7.7% during 2018-2025. https://www.qyresearch.com/index/detail/556437/global-synthetic-leather-for-furniture-sales-market
The global Synthetic Leather For Furniture market is valued at 7130 million US$ in 2017 and will reach 12900 million US$ by the end of 2025, growing at a CAGR of 7.7% during 2018-2025. https://www.qyresearch.com/index/detail/556437/global-synthetic-leather-for-furniture-sales-market
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<strong>Global</strong> <strong>Syn<strong>the</strong>tic</strong> <strong>Lea<strong>the</strong>r</strong> <strong>For</strong><br />
<strong>Furniture</strong> <strong>market</strong> <strong>will</strong> <strong>reach</strong> <strong>12900</strong><br />
<strong>million</strong> <strong>US$</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2025</strong><br />
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• <strong>Syn<strong>the</strong>tic</strong> <strong>Lea<strong>the</strong>r</strong> is a manmade fabric that looks like lea<strong>the</strong>r. It has lea<strong>the</strong>r like<br />
surface and is dyed and treated to make it have <strong>the</strong> look and feel <strong>of</strong> real lea<strong>the</strong>r. It is<br />
<strong>of</strong>ten used as a substitute for real lea<strong>the</strong>r because it is less expensive and it does not<br />
require using a real animal hide to create.<br />
• The <strong>market</strong> is very fragmented. Several leading players are adopting <strong>the</strong> strategy <strong>of</strong><br />
competitive pricing to gain a better foothold in <strong>the</strong> <strong>market</strong>. Some <strong>of</strong> <strong>the</strong> prominent<br />
players in <strong>the</strong> <strong>market</strong> are Hornschuch, Kuraray, Toray, Teijin, Nassimi, Willow Tex,<br />
Nilco, Wenzhou Imitation <strong>Lea<strong>the</strong>r</strong>, Anli Group, Hexin Group, Fujian Tianshou and<br />
Shuangxiang Group. In recent years, a growing number <strong>of</strong> players are increasingly<br />
focusing on developing novel products, in order to gain a competitive edge over o<strong>the</strong>rs.<br />
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• One tr<strong>end</strong> in <strong>the</strong> <strong>market</strong> is focus on development <strong>of</strong> bio-based syn<strong>the</strong>tic lea<strong>the</strong>r.<br />
The need for sustainability is impelling <strong>the</strong> various stakeholders, such as<br />
customers, manufacturers, and <strong>the</strong> governments, to implement <strong>the</strong> production and<br />
adoption <strong>of</strong> bio-based products. Almost 9-11% <strong>of</strong> all <strong>the</strong> chemical-based products<br />
have <strong>the</strong>ir raw materials sourced from renewable sources, thus, making <strong>the</strong>m more<br />
environment-fri<strong>end</strong>ly.<br />
• One challenge in <strong>the</strong> <strong>market</strong> is harmful environmental effects <strong>of</strong> PVC processing.<br />
PU and PVC are <strong>the</strong> most common materials that are used to make syn<strong>the</strong>tic<br />
lea<strong>the</strong>r. Among <strong>the</strong>se two materials, PVC is preferred more as it is much cheaper<br />
than PU in earlier years. However, in recent times, <strong>the</strong> use <strong>of</strong> PVC is being reduced<br />
as it releases dioxins, which are hazardous chemicals. Ano<strong>the</strong>r factor is <strong>the</strong> use <strong>of</strong><br />
plasticizers known as phthalates. PVC, in <strong>the</strong> original form, is a very rigid<br />
substance and plasticizers must be added to make it more flexible and malleable.<br />
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• The global <strong>Syn<strong>the</strong>tic</strong> <strong>Lea<strong>the</strong>r</strong> <strong>For</strong> <strong>Furniture</strong> <strong>market</strong> is valued at<br />
7130 <strong>million</strong> <strong>US$</strong> in 2017 and <strong>will</strong> <strong>reach</strong> <strong>12900</strong> <strong>million</strong> <strong>US$</strong> <strong>by</strong> <strong>the</strong><br />
<strong>end</strong> <strong>of</strong> <strong>2025</strong>, growing at a CAGR <strong>of</strong> 7.7% during 2018-<strong>2025</strong>.<br />
Click to view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/556437/globalsyn<strong>the</strong>tic-lea<strong>the</strong>r-for-furniture-sales-<strong>market</strong><br />
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