Synthetic Leather Market Professional Survey Report 2024 | Page 3

requires less maintenance than artificial leather does and does not fade or crack easily . However , it is non-porous and does not allow air to pass through , thereby accumulating sweat . Vegan leather is an alternative to traditional leather which can be used for ethical reasons and may have the appearance of natural material .
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Artificial leather can be formulated via the direct coating process , transfer coating process , wet process , or coagulation . The direct coating process is used to manufacture artificial cloth . The transfer coating process could be employed in industries such as shoes and bags . The wet process or coagulation can be used for products requiring high stress tolerance such as shoes and luggage bags . Artificial leather finds applications in various industries such as bags , home furnishing & upholstery fabrics , jackets & garments , shoe uppers , shoe linings , purses , wallets , car seat covers , automotive decorations , accessories , and commercial vehicle interiors .
Asia Pacific is anticipated to be a prominent and rapidly expanding market for synthetic leather because of the burgeoning automotive and construction industries . North America and Europe are also witnessing moderate growth due to the increasing concern about killing animals which has reduced the need for pure leather . The rest of the world is also projected to develop at a high rate due to the flourishing automotive , footwear , and furnishing industries .
Key players include Mayur Uniquoters Ltd , Filwel Co . Ltd ., San Frang Chemical Industry Co . Ltd , Teijin Limited , and Kuraray Co . Ltd .
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Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends / opportunities / challenges Competitive landscape Technological breakthroughs