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High End Synthetic Suede Market Outlook 2023 To 2028 – Share, Growth, and Forecast Report
Industry Overview of High End Synthetic Suede Market
IMARC Group, a leading market research company, has recently released a report titled " High End Synthetic Suede Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. "The study provides a detailed analysis of the industry, including the global high-end synthetic suede market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest developments in the market.
What is High End Synthetic Suede ?
High-end synthetic suede is a type of leather alternative crafted from polyester and other plastic blends. It offers a variety of advantages such as ease of care, sewing, and wearing, while being resistant to issues like peeling, shrinking, and cracking. Through sanding, brushing, or chemical treatments, high-end synthetic suede achieves the appearance and texture of napped leather. It boasts exceptional durability, requiring minimal maintenance, and exhibits resistance to stains, water, wind, and more. Moreover, high-end synthetic suede is not only cost-effective but also environmentally friendly. As a result, it is widely employed in the production of premium belts, automotive seat covers, jacket linings, designer hats, and more. Its versatile nature allows for extensive utilization across various industries including automotive, fashion, and furniture.
How big is the High End Synthetic Suede market?
Report Attributes |
Details |
Market Size in 2022 |
US$ 1, 066 Million |
Market Forecast in 2028 |
US$ 1, 555 Million |
Growth rate (2023 to 2028) |
CAGR of 6.2% |
Base Year of the Analysis |
2022 |
Forecast Period |
2023-2028 |
What Are the Growth Prospects and Trends in The High End Synthetic Suede Industry?
The high-end synthetic suede market is being driven by the increasing demand for lightweight materials, particularly in products like shift knobs, steering wheel covers, and seat covers. Government initiatives aimed at raising awareness about the potential drawbacks of using genuine leather are further contributing to market growth. The wide adoption of high-end synthetic suede, thanks to its advantageous features such as high heat retention and low stretchability, is also a significant driver. Furthermore, the material finds extensive use in applications such as shoes, clothing, accessories, furniture, and upholstery, positively impacting the global market. The emerging trend of sustainable fashion and growing consumer concerns about the environment are expected to further propel the high-end synthetic suede market in the foreseeable future.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights
· Single-sided Leather
· Double-sided Leather
Product Insights
· Woven
· Non-woven
Application Insights
· Automotive
· Fashion
· Furniture
· Others
Regional Insights
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
· Latin America
o Brazil
o Mexico
o Others
· Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
· Asahi Kasei Corporation
· Ecolorica Microfiber S.r.l.
· Ji’an Sanling Microfiber Co. Ltd.
· Kolon Industries
· Majilite Inc. (Meridian Industries Inc.)
· Seiren Co. Ltd.
· Talwar Fabriks
· Tapis Corporation
· The Mitchell Group
· The Rishabh Velveleen Ltd
· Toray Industries Inc.
· WINIW International Co. Ltd.
· Zhejiang Meisheng New Material Co. Ltd
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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