Synthetic Leather for Footwear

www.hbleathers.com Synthetic Leather   marketing  is projected to reach USD 33.54 Billion by 2021, at a CAGR of 7.20% from 2016 to 2021. The growing demand for synthetic leather in the Footwear industry, and concerns regarding the killing of animals for the production of pure leather, is expected to drive the market in the future. PU synthetic leather accounts for the largest share in the synthetic leather market The global synthetic leather market is segmented based on type, into PU-based, PVC-based, and bio-based. In 2015, PU-based synthetic leather captured the maximum share of the overall market; it is also expected to witness the highest CAGR during the forecast period. PU leather is considered more environment friendly as compared to vinyl based leather, as it does not create dioxins. PU-based based leather is more expensive than PVC-based leather, due to the extensive manufacturing process that is required. Companies are also manufacturing microfiber PU leath...