GCC Synthetic Leather Market Surges with a Robust 4% CAGR in 2023-28 Forecast

The latest report by MarkNtel Advisors, titled “GCC Synthetic Leather Market Report 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)), other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the GCC Synthetic Leather Market research report.

What is the market outlook for GCC Synthetic Leather?

The GCC Synthetic Leather Market size is estimated to grow at a CAGR of around 4% during the forecast period 2023–28.

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Major Companies Operating in the GCC Synthetic Leather Industry:

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.

GCC Synthetic Leather Market Report Segmentation:

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.

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)

Learn More About the Market Report – https://www.marknteladvisors.com/research-library/uae-telehealth-market.html

Regional Insights:

By Country

-UAE

-Saudi-Arabia

-Qatar

-Oman

-Bahrain

-Kuwait

Key Driver: 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.

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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.