Automotive Adhesives & Sealants Market Overview
Man-made Leather, also known as synthetic leather, is a material designed to mimic the appearance and texture of natural leather but is produced through artificial processes. It is commonly used in fashion, upholstery, and accessories due to its cost-effectiveness and ethical considerations compared to genuine leather.
Market Value & Growth Projections
Market Value & Growth
Projections:
• Market Value in 2024 : USD 18,720 million
• Projected Value by 2031: USD 31,490 million • CAGR 7.9% (2024–2031)
Key
Market Drivers:
Sustainability and Ethical Consumerism
Animal Welfare and Environmental Concerns
Market Segmentation
Key Market Players
Kuraray
Shian
Microfiber
Toray
Teijin
Regional Market Analysis
North America:
North America has a mature market for man-made leather, with a focus on sustainability and highquality applications. The region encompasses countries like the United States, Canada, and Mexico, where demand for man-made leather is driven by the automotive, fashion, and furniture sectors.
Europe:
Europe is another mature market with a strong emphasis on sustainability. Countries like Germany, France, and the United Kingdom are key players in the man-made leather industry, catering to the demand for eco-friendly materials in fashion, furnishings, and automotive applications.
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