MarkNtel Advisors recently published a report, titled, ” GCC Synthetic Leather Market 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),. As per as the report The GCC Synthetic Leather Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-28.
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Growth Restraint: High Level of Maintenance Required for Prolonged Lifespan
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.
Leading Companies in GCC Synthetic Leather Market:
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 Segmentation:
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)
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By Country
-UAE
-Saudi-Arabia
-Qatar
-Oman
-Bahrain
-Kuwait.
Key questions answered in the GCC Synthetic Leather Market are:
- What is GCC Synthetic Leather Market?
- What was the market size in 2022?
- What is the growth rate of the GCC Synthetic Leather Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the GCC Synthetic Leather Market?
- What segments are covered in the Market?
- Who are the key players in the GCC Synthetic Leather Market?
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