Europe Synthetic Leather Market Size, Share, Classification, Opportunities, Types and Applications, Status and Forecast to 2028

 

The synthetic leather market in Europe is expected to grow from US$ 5914.40 million in 2021 to US$ 9123.76 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

Synthetic leather has gained significant popularity in recent years due to its numerous advantages. It is engineered to mimic the visual appearance and texture of genuine leather while offering enhanced durability and versatility. Available in a wide range of colors, finishes, and patterns, synthetic leather provides consumers with ample options to customize furniture such as loveseats, sofas, and recliners. Additionally, it ensures a uniform look, as all pieces are crafted from the same material stock. One of its most appealing features is its affordability, as synthetic leather is significantly cheaper than genuine leather. It is also waterproof, thanks to its plastic base layer and coating, making it ideal for applications exposed to moisture and humidity. Furthermore, synthetic leather is cruelty-free, as its production does not involve harm to animals. These benefits have collectively driven the growing demand for synthetic leather in various industries.

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In Europe, the COVID-19 pandemic has severely impacted countries like France, the UK, and Russia. The outbreak disrupted industrial operations across the region, leading to temporary inefficiencies and restrictions that negatively affected the synthetic leather market. Industries such as footwear and automotive, which rely heavily on synthetic leather, faced significant challenges during the pandemic. However, as businesses gradually resume operations, including in the automotive sector, the demand for synthetic leather is expected to rebound. Its widespread use across diverse industrial applications is likely to fuel substantial growth in the synthetic leather market in Europe in the coming years.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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