Coating Agents for Synthetic Leathers Market size is forecast to reach $45.46 billion by 2025, after growing at a CAGR of 7.9% during 2020-2025. Coating Agents for Synthetic Leathers industry is projected to augment due to its used in applications where a combination of properties offered by different reinforcing fibers is required. Glass-carbon epoxy and carbon-aramid epoxy are the two commonly used types of Coating Agents for Synthetic Leathers.

Key Takeaways
APAC dominates the Coating Agents for Synthetic Leathers market owing to robust growth in the automotive and footwear end-user industries.

The global furniture & domestic upholstery industry is growing at a significant rate, owing to increasing disposable income and a growing construction industry.

The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications in Coating Agents for Synthetic Leathers Market and their specific segmented revenue.

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Geography – Segment Analysis
APAC dominates the Coating Agents for Synthetic Leathers market with a share of more than 42%, followed by North America and Europe. APAC is the world’s largest market for automotive interior materials, with China holding dominant place due to rapid economic growth as the dominant market in that region. Also driven by the increasing demand due to high living standards and higher economic growth in this area, rapid development in the automotive industry. China is the world’s biggest motor vehicle market.

Drivers – Coating Agents for Synthetic Leathers Market

The advantage of synthetic leather over genuine leather will drive the market growth:
The synthetic material consists of natural and/or synthetic fibres, coated with a plastic polymer or similar. Synthetic material is usually made from polyurethane (PU), polyvinylchloride (PVC) or textile-polymer composite microfibres. Also, synthetic leather has lot more flexibility and positively effects the environment unlike the leather industry. The use of faux leather has many benefits and many times it is a safer choice than real leather. Firstly, faux leather would cost much less than genuine leather. It’s cheap, and just looks like real leather.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Coating Agents for Synthetic Leathers market. Major players in the Stahl Group, LANXESS, Evonik Industries AG, and Covestro AG and others.

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