Artificial Leather Market Recent Developments & Emerging Trends To 2023 – 2032
The artificial leather market is a large and growing market that is expected to reach a value of $54.11 billion by 2030. The market is driven by the increasing demand for sustainable and vegan alternatives to natural leather, the growing popularity of synthetic leather in the automotive and furniture industries, and the development of new technologies that make artificial leather more durable and realistic. Artificial leather is a material that is made from synthetic fibers, such as polyurethane (PU) or polyvinyl chloride (PVC). It is often used as a substitute for natural leather because it is less expensive, more durable, and easier to care for. Artificial leather can also be made to look and feel like natural leather, making it a popular choice for a variety of applications. The global artificial leather market is segmented by product type, application, and region. The product type segment is dominated by PU leather, which accounts for the largest share of the market. PU leathe