GCC Synthetic Leather Market Expected to Grow at Around 4% CAGR by 2028 | Alfatex Italia SRL & San Fang Chemical Industry

This comprehensive GCC Synthetic Leather Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

“According to recent market analysis report, the GCC Synthetic Leather Market is expected to grow at a CAGR of 4% during the forecast period of 2023 to 2028.”

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Driving Force Behind the Growth of the GCC Synthetic Leather Market through 2028

Ever-increasing Use of Synthetic Leather in Furniture Upholstery Applications - The surging use of Polyurethane (PU) and polyvinyl chloride (PVC)-based synthetic leather in furniture & domestic upholstery is primarily due to properties offered by them like high dispersion ability & matting efficiency. Moreover, the rising demand for attractive furniture, mounting disposable income, and living standards have also increased the demand for synthetic leather in the past few years. Hence, these aspects are likely to drive the GCC Synthetic Leather Market during 2023-28.

Market Segment Highlights:

By Type

 - Polyurethane (PU) Based

 - Polyvinyl Chloride (PVC) Based

 - Bio-Based

Of them all, polyurethane acquired the largest share of the GCC Synthetic Leather Market in the previous few years. It owes to its superior quality, high yield, & assortment. Polyurethane-based synthetic leather is waterproof, softer, and lighter than original leather. It also remains unaffected by the sunlight, thereby augmenting the demand for Polyurethane-Based Synthetic Leather in the coming years.

By Application

 - Footwear (Sports Shoes, Formal Shoes & Boots and Sandals & Slippers)

 - Furnishing (Chairs, Sofa, Bean Bags and others)

 - Automotive (Seats, Steering Wheel Covers, Door Trim, Knob and Gear Bot Covers)

 - Clothing (Belts, Jackets, Tops, Pants and others)

 - Accessories (Bag, Purses, wallet)

 - Electronics (Cases & Covers)

GCC Synthetic Leather Market Geographical Outlook:

• UAE
• Saudi-Arabia
• Qatar
• Oman
• Bahrain
• Kuwait

Of all countries in GCC, the UAE is likely to be the fastest-growing Synthetic Leather Market owing to the high demand for premium leather products in the country. The increasing establishments of manufacturing & processing sectors of synthetic leather are making the UAE a hub for product exports.

Explore the Full Report with Charts, Table of Contents, and List of Figures - https://www.marknteladvisors.com/research-library/gcc-synthetic-leather-market.html

GCC Synthetic Leather Market Competition Analysis:

Some of the top Synthetic Leather companies operating in the gcc market are Kuraray Co., Ltd., H.R. Polycoats Pvt. Ltd., Nan Ya Plastics Corporation, Teijin Limited, Yantai Wanhua Synthetic Leather Group Co., Ltd., Alfatex Italia SRL, San Fang Chemical Industry Co. Ltd, Filwel Co. Ltd, Mayur Uniquoters Limited, Zhejiang Hexin Industry Group Co., Ltd..

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