Genuine leather’s popularity is being constrained by flaws like its tacky feel and texture, which is opening the door for synthetic polyurethane (PU) leather. Rising disposable income and an increase in the middle class’ population will likely create favourable opportunities for local market players. Its growth is also being fueled by the lower manufacturing costs compared to natural leather. Over the next eight years, it is anticipated that this will improve overall market penetration and have increased investments as a result.
The market is, however, in danger due to polyurethane’s negative environmental and health effects. Heat and humidity can slowly cause polyurethane to de-polymerize, resulting in a flaking and brittle surface. It cannot be recycled and is not biodegradable. The final product does not live up to consumer expectations for the highest quality, even after recycling. The demand for fake leather is probably going to be affected by this. The market for polyurethane faux leather has been subject to a number of laws and regulations due to rising pollution levels from polyurethane foam and other products. The environment is considered to be endangered by raw materials used in the production of PU, such as TDI and MDI.
India’s market for polyurethane fake leather is distinguished by the existence of small- and medium-sized producers. As a result of the availability of raw materials at relatively lower costs, manufacturers operate on a very large scale and achieve economies of scale. To keep up with contemporary technologies and maintain a competitive edge in the market, they are also constantly updating and innovating production methods.
For More Insights Download Sample Copy PU Artificial Leather For Automotive Market
Global PU Artificial Leather for Automotive Market: Major Players
ATS Synthetic Leather
Yantai Wanhua Synthetic Leather Group Co., Ltd.
Teijin Limited
CalTrend
Nan Ya Plastics Corporation
Alfatex Italia SRL
Achilles USA
H.R. Polycoats Pvt. Ltd.
Kuraray Co., Ltd.
Global PU Artificial Leather for Automotive Market: By Types
Composite PU Artificial Leather
Pure PU Artificial Leather
Global PU Artificial Leather for Automotive Market: By Applications
Seat
Furnishing
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Global PU Artificial Leather for Automotive Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global PU Artificial Leather for Automotive market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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