DUBLIN--(BUSINESS WIRE)--The "Global High-End Synthetic Suede Market: Focus on Applications (Automotive, Fashion, Furniture, and Others) and Region - Analysis and Forecast, 2019-2029" report has been added to ResearchAndMarkets.com's offering.
The global high-end synthetic suede industry analysis is expected to witness growth at a CAGR of 5.96% in terms of value, during the forecast period from 2019 to 2029.
The growth in the high-end synthetic suede market is attributable to an increasing demand from the automotive industry and the need for a replacement of natural suede. The material is made through blends of polyester which is less hazardous for the environment as compared to natural suede. Also, the material requires low maintenance which has further contributed to its growth.
Expert Quote on Global High-End Synthetic Suede Market
The increase in the number of end-use industries, rise in the demand for a replacement of natural suede, and extensive research and development activities by the manufacturers have helped the market for the high-end synthetic suede market to grow across several end-use industries such as automotive, fashion, and footwear, among others.
Scope of the Market Intelligent on the Global High-End Synthetic Suede Market
The high-end synthetic suede market research provides a detailed perspective regarding the applications of the material, its value and estimation, among others. The purpose of this market analysis is to examine the synthetic suede industry outlook in terms of factors driving the market, trends, technological developments, and funding scenario, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market. The high-end synthetic suede market report is a compilation of different segments including market breakdown by application and region.
Market Segmentation
The high-end synthetic suede market segmentation on the basis of application is further segmented into automotive, fashion, furniture, and others. The automotive segment dominated the global high-end synthetic suede market in 2018 and is anticipated to maintain its dominance throughout the forecast period, 2019-2029.
Market Dynamics
Market Drivers
- Increasing Demand for High-End Synthetic Suede in Automotive Upholstery
- Need for Substitutes for Natural Suede
- Rising Consumer Preferences for Synthetic Suede
Market Restraints
- Strong Competition from Leather Industry
- Environmental Issues with PVC and PU
Market Opportunities
- Opportunities Across Different End-User Industries
- Growth of Emerging Economies
Trends
- Advent of Bio-Based Synthetic Suede
- Use of Synthetic Suede in Electric Vehicles
Competitive Landcsape
Company Profiles
- Asahi Kasei Corporation
- Toray Industries, Inc.
- Kuraray Co., Ltd.
- Kolon Industries, Inc.
- Miko srl
- Nevotex AB
- ECOLORICA MICROFIBER SRL
- Tapis Corp
- Seiren Co., Ltd.
- WINIW International Co., Ltd.
- The Rishabh Velveleen Ltd.
- The Mitchell Group
Snapshot Profiles
- Textile Innovations, Ltd.
- H&C Microfiber Co., Ltd.
Customer Profiles
- Daimler AG
- FCA Italy S.p.A.
- Ford Motor Company
- Nissan Motor Co., Ltd
- FCA Italy S.p.A.
For more information about this report visit https://www.researchandmarkets.com/r/hb58m5
