The report "Synthetic Leather (Artificial Leather) Market by Type, End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) - Global Forecast to 2021", Published by MarketsandMarkets, The market was valued at USD 22.13 Billion and is projected to reach USD 33.54 Billion by 2021, at a CAGR of 7.20% from 2016 to 2021.
The growing demand for synthetic leather in the footwear industry, and concerns regarding the killing of animals for the production of pure leather, is expected to drive the market in the future.
The major end-use industries of synthetic leather are footwear, furnishing, automotive, clothing, bags, purses & wallets, and others. Footwear is the largest end-use industry of synthetic leather. The demand for synthetic leather in the footwear industry is also projected to register the second highest CAGR during the forecast period.
