Gcc Synthetic Leather Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis| MarkNtel

Gcc Synthetic Leather Market Overview: 2023-28

Base Year: 2022

Historical Years: 2018-21

Forecast Years: 2023-28

The gcc Synthetic Leather Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-28. The growth of the market owes primarily to the burgeoning demand for synthetic leather across various end-use industries, such as footwear, automotive, furnishing, etc., due to high costs of natural leather. Besides, stringent government regulations and rising consumer awareness regarding 'no animal killing' are further augmenting the demand for synthetic leather, i.e., more advantageous than pure leather owing to its high durability and resistance to stain & weather conditions.

Markntel Advisor’s Gcc Synthetic Leather Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC SYNTHETIC LEATHER Market drivers, barriers, GCC SYNTHETIC LEATHER Market Trends, and Key Players in GCC SYNTHETIC LEATHER Market.

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Gcc Synthetic Leather Market Dynamics: 2023-28

Ever-increasing Use of Synthetic Leather in Furniture Upholstery Applications

The surging use of Polyurethane (PU) and polyvinyl chloride (PVC)-based synthetic leather in furniture & domestic upholstery is primarily due to properties offered by them like high dispersion ability & matting efficiency. Moreover, the rising demand for attractive furniture, mounting disposable income, and living standards have also increased the demand for synthetic leather in the past few years. Hence, these aspects are likely to drive the GCC Synthetic Leather Market during 2023-28.

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Gcc Synthetic Leather Market (2023-28): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Type

o   Polyurethane (PU) Based

o   Polyvinyl Chloride (PVC) Based

o   Bio-Based

According to report, Of them all, polyurethane acquired the largest share of the GCC Synthetic Leather Market in the previous few years.

·       By Application

o   Footwear (Sports Shoes, Formal Shoes & Boots and Sandals & Slippers)

o   Furnishing (Chairs, Sofa, Bean Bags and others)

o   Automotive (Seats, Steering Wheel Covers, Door Trim, Knob and Gear Bot Covers)

o   Clothing (Belts, Jackets, Tops, Pants and others)

o   Accessories (Bag, Purses, wallet)

o   Electronics (Cases & Covers)

According to report, Here, the footwear sector dominated the GCC synthetic leather market in the previous few years owing to its high durability.

·       By Country

o   UAE

o   Saudi-Arabia

o   Qatar

o   Oman

o   Bahrain

o   Kuwait

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Gcc Synthetic Leather Market:

• Kuraray Co., Ltd.
• H.R. Polycoats Pvt. Ltd.
• Nan Ya Plastics Corporation
• Teijin Limited
• Wanhua Chemical Group Co.,Ltd.
• Alfatex Italia SRL
• San Fang Chemical Industry Co. Ltd
• Filwel Co. Ltd
• Mayur Uniquoters Limited
• Zhejiang Hexin Industry Group Co., Ltd.

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