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Polyurethane Synthetic Leather Market
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Contrive Datum InsightsGlobal Research And Consulting A complete solution to explore all the potential aspect to drive the growth of the business industries. Polyurethane Synthetic Leather Market
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MarketOverview The Global Polyurethane Synthetic Leather Market Is Expected To Reach USD 1.4 Billion From 2022 To 2030, Growing At A CAGR Of 5% During The Forecast Period. PU leather has good elasticity, high tensile strength, and three-dimensional structure. It is not only soft, but also resistant to solvents and abrasion. These attributes have been instrumental in increasing the market penetration of products in the automotive, footwear and furniture sectors. The high price of natural leather is also an important factor that fueled the need for substitutes. However, the adverse effects of polyurethane on the environment as well as human health are threatening the market. When polyurethane is exposed to moisture and heat, it slowly depolymerizes, making the surface flaky and brittle. It does not decompose and is very difficult to recycle.
MarketDynamics Investments by polyurethane synthetic leather market players will be geared toward acquiring new technologies, securing raw materials, efficient procurement/inventory, strengthening product portfolio, and utilizing capabilities to sustain growth during challenging times. Economic and social challenges vary widely across countries/markets, and Polyurethane Synthetic Leather manufacturers and related players focus on country-specific strategies. Crude oil prices fluctuating up to $60/barrel within a year are becoming a major concern in the polyurethane synthetic leather market as fuel and chemical prices are affecting many other areas. The uneven recovery in different end markets and regions is a key challenge in understanding and analyzing the polyurethane synthetic leather market landscape.
The Global Polyurethane Synthetic Leather Market has been segmented into: • ByApplication • Footwear, Furnishing, Automotive, Clothing, Bags, Others • ByType • Dry Synthetic, Wet Synthetic,
Points Covered in the Report • The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. • The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast. • The growth factors of the Market are discussed in detail wherein the different end users of the Market are explained in detail.
Market Players • Alfatex, Anhui Material Technology, • Yantai Wanhua Synthetic Leather Group, • Teijin Limited, Amway, • Shandong Jinfeng Artificial Leather, • Toray Industries Inc., Filwel, • Zhejiang Yongfa Synthetic Leather, • Zhejiang Hexin Industry Group, • Arora Vinyl, Nan Ya Plastics Industrial, H.R. Polycoats, • Mayur Uniquoters Limited, Kuraray, • San Fang Chemical Industry, • And Others.
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