20.08.2018 Views

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>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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