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High-End Synthetic Suede Market - A Global and Regional Market Analysis

Focus on Type, Application, and Country Assessment - Analysis and Forecast, 2021-2031

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The high-end synthetic suede market was estimated at $1,158.1 Million in 2020 and is expected to grow at a CAGR of 5.41%, during the forecast period from 2021-2031.

The trends that can influence the growth of the market include advent of bio-based synthetic suede and use of synthetic suede in electric vehicles.

Factors driving the growth of the market include rising demand for high-end synthetic suede in automotive applications, need for replacement of natural suede due to environmental and ethical concerns, and rising consumer preferences for synthetic suede.

Applications where high-end synthetic suede is used include automotive (upholstery, headliners, door panels, others), fashion (apparels, footwear, bags and wallets), furniture (residential and commercial), and others.

Asahi Kasei Corporation, Toray Industries, Inc., Kolon Industries, Inc., Seiren Co., Ltd., WINIW International Co., Ltd., ECOLORICA MICROFIBER SRL, Nevotex AB, Rishabh Velveleen Ltd., The Mitchell Group, Tapis Corp., Zhejiang Meisheng New Material Co., Ltd., Majilite Inc., Ji’an Sanling Microfiber Co., Ltd., American Silk Mills.