Global Synthetic Leather Market Set for Strong Growth Through 2031 with 7.4% CAGR, Driven by Sustainability and Automotive Demand

The Global Synthetic Leather Market is poised for significant expansion through 2031, propelled by rising consumer preference for ethical materials, enhanced applications across industries, and technological innovations in product development. According to the latest analysis by Reed Intelligence, the market is projected to grow at an approximate compound annual growth rate (CAGR) of 7.4% over the forecast period (2023–2031).
Market Size (Base & Forecast Year + CAGR)
Base Year: 2023
Forecast Year: 2031
CAGR: ~7.4% (2023–2031)

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