Research Methodology
Market Insight Solution uses both primary and secondary research tools and insights to present a comprehensive industry outlook. Industry Experts act as a great contributor to our analysis. In order to attain the best understanding of the product, we interview a panel of leaders from specific industries for better technical knowledge and determine the driving factors responsible for local and macroeconomic platforms. Additionally, with secondary data, we analyze sales, annual profits, and contracts through the company s annual reports, sales reports, company websites, in-house databases, journal and statistical publications, and many other resources.
This Report Sheds Light On Some Significant Parameters Pertinent To The Market
factmrApril 21, 2021 1
This latest Fact.MR report states that global microfiber synthetic leather market is expanding fast and is expected to attain a rate of 4.9% CAGR growth for the forecast period 2017-2026. The report examines the opportunities and trends in the market and categorizes in three broad segments on the basis of product type, region and application. Rapid changes in customer lifestyle and growing awareness regarding animal killing are the primary factors that are expected to generate revenue in global microfiber synthetic leather market.
Consumers have diverted their attention from animal leather to focus on synthetic leather, creating synthetic leather demand that generates plethora of opportunities. It attracts investments from domestic and international companies that ultimately boosts the global revenue growth. Microfiber synthetic leather is known as the best vegan leather and the best alternative to replace animal leather.
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2020 Updated
COVID-19 Pandemic Outbreak Impact Analysis Included
190+ Pages Research Report (Inclusion of Updated Research)
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2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
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Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Synthetic Leather Market?
2) What is the market size, share of the Synthetic Leather Market?
size was valued at US$ 29.6 billion in 2019, according to a new study by Precedence Research.
Synthetic or artificial leather is man-made leather that provides the appearance of the real leather. The product is marketed with various names for example vegan leather, faux leather, pleather, and leatherette. Synthetic leather comprises of a cloth base that is coated with a synthetic resin in order to resemble its appearance with animal hide on the surface. The surface of the leather fabric is dyed and treated with specific additives to make it look like a real leather. It is widely in the industries that require leather-like finish for example in upholstery, footwear, automobile, and clothing, among others. Further, it comes with no seams that prevent the water from seeping inside and damaging the inner material.