Published on : Oct 27, 2017
Albany, New York, October 27, 2017: The demand for polyurethane leathers is mainly triggered by growing demand from the automotive and clothing industry. As technology progresses, PU leather has more admirable performance than natural leather. Recently, a new study titled “Global PU Leather Industry 2017, Trends and Forecast Report” has been broadcasted to the vast repository of Market Research Hub (MRH), which offers an all-inclusive evaluation of the market and analyzes industry from a ground-up manner by evaluating the driving forces, restraints, opportunities, trends and growth prospects. It does so via in-depth qualitative revelations, historical data and forecasts about market size. With an extensive forecast period of 2017 to 2021, the report offers valuable insights about its current performance trends and how it will fare in the future.
The PU Leather market is also analyzed based on the regional outlook, segmenting the market into key regions such as North America, Europe and Asia-Pacific; and in major countries such as United States, Japan, China, South Korea and the United Kingdom. These major region’s market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate till 2021 are also outlined. According to the study findings, the global PU leather industry anticipated to gain substantial revenue and double-digit CAGR during the forecast period of 2017-2021.
In the first part, the study begins with a basic overview of the PU leather industry along with definitions, applications, and manufacturing technologies. This is followed by an extensive assessment of demand-supply logistics and consumption patterns of these leathers in above-mentioned regions. PU leather is comparable to Bi-cast leather and is a man-made material with a split leather backing and a polyurethane coating, which makes it easier to clean and maintain. It is now widely used to make bags, clothes, shoes, vehicle and home décor. Also, it is extensively preferred in the automotive, and clothing industries. In some cases, the PU-based leather may tear easily, but it does not disappear or crack due to exposure to sunlight. Polyurethane leather is considered more environment-friendly as compared to vinyl based leather. The advantage of PU leather is the inexpensive price range, which makes it a highly demandable product.
Further, it provides a detailed overview of the various product type and applications of the PU leather market and how the demand and supply charts are anticipated to look in the forthcoming years. For each type and application, the research discusses the details on sales volume, revenue (Million USD), product price, market share, status and growth rate till 2021.
At the end, the report presents a comprehensive analysis of the competitive outlook of this market by identifying some of the major players active in the market along with their latest developments, business strategies, revenue generation, and contact information. It performs the SWOT analysis that reveals the potential growth trajectory of each key player. The major players profiled in this report include Company E, Nanya Plastics, Basf SE, Bayer, Sanfang Chemical and DOW. As the report concludes, the report introduced new project SWOT analysis, investment feasibility and investment return analysis.
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