The synthetic leather market in North America is expected to grow from US$ 5096.85 million in 2021 to US$ 7937.78 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
North America Synthetic leather Market is extremely popular these days. It is used in various industries, including footwear, clothing, furniture, and automotive. The most common use of synthetic leather is in clothing, luggage, and cases. There is increasing use of synthetic leather in jackets, coats, handbags, purses, belts, etc. Moreover, there is a high demand for synthetic leather in the footwear industry. In the footwear industry, synthetic leather is frequently used in shoes. Synthetic leather is suitable for shoes due to its low cost, abrasion resistance, and water resistance. Synthetic leather has become more popular for furniture items. Synthetic leather is used for upholstery purposes, such as covering chairs, lining the tops of writing desks and tables. It is commonly used in sofas, chairs, headboards, etc. As synthetic leather is available in various colors, styles, textures, and patterns, it is increasingly used in decorating residential or commercial interiors.
North America is one of the worst affected economies due to the COVID-19 pandemic. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for synthetic leather in the region. The pandemic has also disrupted various manufacturing activities. The industries such as footwear and clothing have been affected by the pandemic.
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North America Synthetic Leather Market-Companies Mentioned
- BASF SE
- Fujian Polytech Technology Corp.,Ltd.
- H.R.Polycoats Pvt. Ltd.
- KURARAY CO., LTD.
- Mayur Uniquoters Limited
- Nan Ya Plastics
- San Fang Chemical Industry Co., Ltd
- Teijin Limited
North America Synthetic Leather Strategic Insights
Strategic insights for the North America Synthetic Leather provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders.
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