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SAN FRANCISCO, April 28, 2021 /PRNewswire/ The global synthetic leather market size is anticipated
to reach USD 57.0 billion by 2028, according to a new report by Grand View Research, Inc.,
growing at a CAGR of 7.8% from 2021 to 2028. Increasing product application scope in footwear has been a major factor driving the market growth. In addition, growing importance and awareness about animal rights and stringent laws regarding the usage of real leather are propelling the demand for its synthetic counterpart. Synthetic leather materials offer superior properties, such as high gloss finish, durability, strength, and UV resistance, and easy maintenance. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle- and high-income level groups.
Synthetic Leather Market Size Worth $57.0 Billion By 2028 | CAGR: 7.8%: Grand View Research, Inc. prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.