Global Synthetic Leather Market Size to grow USD 66.2

New York, United States , Oct. 31, 2022 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, the Global Synthetic Leather Market Size to grow from USD 33.7 billion in 2021 to USD 66.2 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period.  It is expected that the rapidly growing demand in the footwear industry will be a major factor in the growth of the market as a whole. The price of natural leather is another reason why people are looking for cheaper alternatives. North America is expected to grow the fastest during the forecast period followed by Asia Pacific and Europe.

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The PU segment to account for the largest market size during the forecast period

Based on type, the synthetic leather market is categorized into PU, PVC, and Bio-based. The PU segment accounts for the largest market size during the forecast period….