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PVC-Based Synthetic Leather Accounts for 1/3rd of Global Market Share Unveils Fact.MR

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PVC-Based Synthetic Leather Accounts for 1/3rd of Global Market Share Unveils Fact.MR

August 13
19:28 2021
PVC-Based Synthetic Leather Accounts for 1/3rd of Global Market Share Unveils Fact.MR
Microfiber Synthetic Leather Market report by “Fact.MR – Market Research And Insights”
Global microfiber synthetic leather market is anticipated to witness significant revenue growth over the forecast period.

250 Pages PVC-Based Synthetic Leather Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider 

PVC-Based Synthetic Leather market analysis by Fact.MR offer divulges compelling insights into factors creating sales prospects across key segments. It offers an executive-level blueprint of strategies adopted by the key market players and analyzes the impact of the same on overall growth projection. 

 

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth. 

The report offers actionable and valuable market insights into PVC-Based Synthetic Leather. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of PVC-Based Synthetic Leather across various industries and regions. 

 

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of PVC-Based Synthetic Leather market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of PVC-Based Synthetic Leather 

This newly published and insightful report sheds light on Market Insights of PVC-Based Synthetic Leather, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of PVC-Based Synthetic Leather Market. 

 

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The global microfiber synthetic leather market is segmented as follows: 

On the basis of product type the market is segmented into the following: 

  • Bio-Based Leather 
  • PU Synthetic Leather 
  • PVC-Based Synthetic Leather 

 

PVC-Based Synthetic Leather accounts for one-third of total microfiber synthetic leather market. However, Microfiber Synthetic Leather market is expected to expand at a CAGR of 4.9% over the forecast period. 

 

On the basis of Application, the market is segmented as follows: 

 

  • Clothing 
  • Furnishing 
  • Bags, Purses & Wallets  
  • Footwear 
  • Automotive 
  • Other Applications 

 

Furnishing segment is expected to dominate microfiber synthetic leather market over the forecast period. However, rapidly growing number of automotive requirements are creating high growth opportunities for microfiber synthetic leather market. 

 

Automotive segment displays rapid growth in demand 

 

Global microfiber synthetic leather market can be geographically segmented into North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, Middle East and Africa. 

Products in global microfiber synthetic leather market and can be segmented into bio-based leather, PU synthetic leather and PVC-based synthetic leather where PVC-based synthetic leather owns one-third of the total microfiber synthetic leather market. Microfiber synthetic leather have varied applications. They can be used in clothing, furnishing, bags and automotive. Increase in disposable income allows individuals to splurge on luxury to create status symbol. Furnishings segment has displayed rapid growth and is expected to dominate the market for the forecast period 2017-2026. Technological advancements have turned out to be a boon for automotive segment and new innovation have been introduced. This in turn has shot up the automotive requirements. Increased demand in automotive is generating great opportunities in global microfiber synthetic leather market. 

 

Advancement in processing technology boosts global market 

Processing technology of microfiber synthetic leather has been ever-evolving. The dying properties of synthetic leather restrict development of leather base which arises need for alternative dyeing and finishing techniques. Hydrogen collagen extracted from leather base is eyed as a natural biomass alternative that is non-toxic and contains active groups like carboxyl and amino that display outstanding properties such as biocompatibility and hydrophilicity. It significantly improves the dying property along with reducing environmental impact. 

 

The global microfiber synthetic leather market also faces challenges in terms of cost. The common materials used in manufacture of synthetic leather is generally PVC and polyutherine. These materials are being widely criticized for their negative attributes like carbon foot print and lack of biodegradability. These elements require plastic-based adhesives to adhere the fibers together which again is against sustainability. Polyutherine is produced using chemicals and is not biodegradable. 

 

Full Access of this Exclusive Report is Available at-

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Competitive Landscape 

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the microfiber synthetic leather space. Key players in the global microfiber synthetic leather market includes 

 

  • Huafon Group 
  • Kuraray 
  • Toray 
  • Wenzhou Imitation Leather 
  • Alfatex 
  • Zhejiang Hexin Industry Group Co., Ltd. 
  • Anhui Anli Material Technology Co. Ltd. 
  • Kunshan Xiefu Artificial Leather Co. Ltd. 
  • Shandong Tongda Textile Machinery (group) Co.Ltd. 
  • Tongda Island 
  • Double Elephant 
  • Topsun Micro Fiber 
  • Yantai Wanhua Synthetic Leather Group Co. Ltd. 
  • Teijin Cordley 
  • Asahi Kasei Mayur Uniquoters Limited 
  • Xiangyu Xinghong 
  • Clarino 

 

Key Question answered in the survey of PVC-Based Synthetic Leather market report: 

 

  • Sales and Demand of PVC-Based Synthetic Leather 
  • Growth of PVC-Based Synthetic Leather Market 
  • Market Analysis of PVC-Based Synthetic Leather 
  • Market Insights of PVC-Based Synthetic Leather 
  • Key Drivers Impacting the PVC-Based Synthetic Leather market 
  • Which are the Key drivers impacted by PVC-Based Synthetic Leather market 
  • Restraints Shaping Market Growth 
  • Market Survey of PVC-Based Synthetic Leather 

 

More Valuable Insights on PVC-Based Synthetic Leather Market 

Fact.MR, in its new report, offers an unbiased Market Analysis of PVC-Based Synthetic Leather, Sales and Demand of PVC-Based Synthetic Leather, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria. 

Read Fact.MR Exclusive Article on 5 leading pallet truck manufacturers globally

https://www.factmr.com/article/104/5-leading-pallet-truck-manufacturers-globally

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