Middle East & Africa Synthetic Leather Market Size & Outlook
Middle East & Africa synthetic leather market, 2018-2030 (US$M)
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MEA synthetic leather market highlights
- The MEA synthetic leather market generated a revenue of USD 1,117.4 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, pu synthetic leather was the largest revenue generating type in 2023.
- PU synthetic leather is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,117.4 million |
| Market revenue in 2030 | USD 1,566.2 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | PU synthetic leather |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
| Key market players worldwide | Kuraray Co Ltd, Air Water Inc, Teijin Ltd, Mayur Uniquoters, Nan Ya Plastics, H.R. Polycoats, Velcro, San Fang Chemical Industry |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.9% of the global synthetic leather market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,566.5 million by 2030.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa synthetic leather market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic leather market will help companies and investors design strategic landscapes.
Pu synthetic leather was the largest segment with a revenue share of 58.02% in 2023. Horizon Databook has segmented the Middle East & Africa synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East synthetic leather market is likely to witness substantial growth over the forecast period. Improving standards of living coupled with growing automotive and consumer goods industries are projected to create lucrative opportunities for the market in the coming years.
However, the recent outbreak of novel coronavirus disease has resulted in the sluggish demand for synthetic leather in various end-use applications including automotive, footwear, and clothing. Factors such as restrictions on export & import, ban on tourism, have majorly hampered the market growth in the region.
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Our clientele includes a mix of synthetic leather market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa synthetic leather market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa synthetic leather market
Middle East & Africa Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa synthetic leather market
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