How Will Technological Advancements Influence the Synthetic Leather Market to Be Worth $104.9 Billion by 2031?
Meticulous Research® forecasts that the synthetic leather market will grow to $104.9 billion by 2031, at a CAGR of 6.3% between 2024 and 2031. This growth is attributed to the rising demand for sustainable alternatives, particularly in industries like automotive and footwear, and the relatively lower cost of synthetic leather compared to natural leather. However,…