GCC Synthetic Leather Market Set to Experience a Massive more than 4% CAGR During 2023-2028

Market Insights

As per recent research by MarkNtel Advisors, The GCC Synthetic Leather Market is likely to grow at around 4% CAGR during the forecast period, i.e., 2023-28.

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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Market Segmentation and Consumer Behavior:

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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GCC Synthetic Leather Market Geographical Analysis:

By Country:

UAE
Saudi-Arabia
Qatar
Oman
Bahrain
Kuwait

Key Players and Competitive Strategies in the GCC Synthetic Leather Market

Several prominent players dominate the GCC Synthetic Leather Market, including:

Kuraray Co., Ltd.
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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Questions Addressed in this Study

1.What factors are driving the GCC Synthetic Leather Market growth?

2.How is the GCC Synthetic Leather Market expected to grow over the next five years?

3.What are the key insights into the current trends in the GCC Synthetic Leather Market?

4.What is the current size of the GCC Synthetic Leather Market, and how is it projected to change in the future?

5.What is the future outlook for the GCC Synthetic Leather Market in terms of technological advancements and market expansion?

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