GCC Synthetic Leather Market Insights, Share & Growth Trends 2023 to 2028

The GCC Synthetic Leather Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the size, share & growth of the market.

GCC Synthetic Leather Market Insights, Share & Growth Trends 2023 to 2028

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Synthetic Leather Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

GCC Synthetic Leather Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, GCC Synthetic Leather Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-28. 

The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.

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What is Included in GCC Synthetic Leather Market Segmentation?

The report has segmented the market into the following categories:

By Type

- Polyurethane (PU) Based

- Polyvinyl Chloride (PVC) Based

- Bio-Based

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)

Here, the footwear sector dominated the GCC synthetic leather market in the previous few years owing to its high durability. The surging demand for aesthetic footwear due to rising income levels and economic growth has fueled the need for synthetic leather-based footwear. Moreover, it is used widely for manufacturing sports shoes due to its cost-effectiveness. Its wide usage is primarily because synthetic leather-based shoes look like those made from pure leather and offer various other additional benefits like resistance to water & climatic conditions.

By Country

- UAE

- Saudi-Arabia

- Qatar

- Oman

- Bahrain

- Kuwait

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Key Factor Driver GCC Synthetic Leather Industry Growth by 2028

Prolonged exposure to heat & moisture rapidly degrades the quality of synthetic leather, owing to which it gets chemically treated to attain resistance to sunlight, scratches, and fire. Consequently, its lifespan becomes shorter than traditional leather. Though it is available at affordable prices, it requires a high level of care & maintenance to be protected from direct sun rays in order to extend its lifespan. Hence, commercial end-users tend to refrain from opting for these products, i.e., the prime aspect projected to hamper the product sales and hinder the growth of the GCC Synthetic Leather Market during 2023-28.

 

Who are the Key Players Operating in the GCC Synthetic Leather Industry?

The top companies of the GCC Synthetic Leather market ruling the industry are: 

  • Kuraray Co., Ltd.
  • H.R. Polycoats Pvt. Ltd.
  • Nan Ya Plastics Corporation
  • Teijin Limited
  • Wanhua Chemical 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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FAQs (Frequently Ask Questions)

  1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
  2. What are the trends influencing the current scenario of the GCC Synthetic Leather Market?
  3. What are the key factors that would propel and hinder the industry?
  4. Which geographical area dominates the GCC Synthetic Leather industry?
  5. Which is the Leading segment in the market?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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