Synthetic Leather Market: Poised for Ethical and Sustainable Growth by 2030

 By- Infinium Global Research

Synthetic Leather on the Rise: Ethical, Affordable, and Sustainable

The demand for synthetic leather is anticipated to rise dramatically by 2030, fueled by a confluence of compelling forces. First and foremost, synthetic leather presents a viable and ethical alternative to natural leather, which is derived from animals. Heightened awareness of animal rights and stricter regulations on animal treatment are prompting consumers to seek out cruelty-free options. Additionally, synthetic leather is frequently less expensive and simpler to manufacture than natural leather, making it an appealing option for manufacturers.

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Eco-Conscious Choice: Synthetic Leather's Environmental Advantage

Environmental impact is another significant factor to consider. Traditional tanning processes used for natural leather can be highly polluting. In contrast, synthetic leather, particularly with the development of bio-based materials, can be produced with a lower environmental footprint. This aligns perfectly with the growing public concern for sustainability and the implementation of stricter environmental regulations in many regions.

Footwear Industry Embraces Synthetic Leather

The footwear industry, in particular, has witnessed a surge in demand for synthetic leather due to its affordability and adaptability. This trend is likely to continue, especially in developing economies like China and India, where a burgeoning middle class is driving demand for consumer goods. However, the industry faces challenges associated with the use of harmful chemicals like polyurethane and polyvinyl chloride in some synthetic leather production processes. These chemicals can have negative consequences for human health and the environment.

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Bio-Based Revolution: The Future of Synthetic Leather

The key to synthetic leather's future lies in the development of sustainable, bio-based materials. These materials provide an eco-friendlier alternative to traditional synthetic leather and can empower the industry to meet growing demand while adhering to stricter environmental regulations. The Asia-Pacific region, with its robust manufacturing base and growing consumer interest in sustainable products, is expected to be at the forefront of this development. North America is also poised for significant growth in the synthetic leather market, driven by consumer awareness of sustainability and a thriving fashion and automotive industry that can benefit from the material's versatility.

Market Keyplayers:

  • KURARAY CO., LTD.
  • TEIJIN LIMITED
  • R. Polycoats Private Limited
  • Alfatex Italia Srl
  • FILWEL Co., Ltd.
  • Nanya Plastic Industry (Guangzhou) Co., Ltd.
  • Gruppo Mastrotto SPA
  • Vortex Flex Pvt Ltd
  • TORAY INDUSTRIES, INC.
  • Asahi Kasei Corporation

 

Contact Us:

 

Infinium Global Research LLP

Mob: +91 9923950043

Email: info@infiniumglobalresearch.com

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