Middle East and Africa Synthetic Leather Market Analysis, Size, and Share by 2028

The synthetic leather market in MEA is expected to grow from US$ 2462.44 million in 2021 to US$ 3662.07 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

There is a growing focus on making synthetic leather from more natural resources. Many companies across the region are focusing on developing a new product that contains less plastic and more plants. Plant-based leather is a new and emerging subset of synthetic leather created from plants, typically by waste plant material from other industries. It is made from various materials, including pineapple, cactus, apple skins, grape, and cork. Plant-based leather promises to be a more sustainable leather choice as it is conflicting cruelty-free, focuses on low environmental impact, minimizes plastic usage, and uses organic waste. Additionally, many consumer brands are also investing in plant-based leather. Thus, the increasing focus on the development of bio-based leather would emerge as a trend in the synthetic leather market during the forecast period.In the Middle East & Africa region, South Africa is among the major countries with many COVID-19 confirmed cases and deaths. The COVID-19 pandemic has had a severe impact on the Middle East & Africa economy. The Middle East & Africa region comprises many growing economies, which are prospective markets for synthetic leather vendors. The pandemic has significantly slowed down the growth of the synthetic leather market in the region due to negative impacts upon the growth of industries such as footwear and many others.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the synthetic leather market. The MEA synthetic leather market is expected to grow at a good CAGR during the forecast period.

MEA Synthetic Leather Market Revenue and Forecast to 2028 (US$ Million)

                                     

 

MEA Synthetic Leather Market Segmentation

MEA Synthetic Leather Market – By Type

• Polyurethane
• Polyvinyl Chloride
• Silicone
• Others

MEA Synthetic Leather Market – By Application

• Footwear
• Furniture
• Automotive
• Clothing
• Stationery Goods
• Others

MEA Synthetic Leather Market- By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

MEA Synthetic Leather Market-Companies Mentioned

• BASF SE
• H.R.Polycoats Pvt. Ltd.
• KURARAY CO., LTD.
• Mayur Uniquoters Limited
• San Fang Chemical Industry Co., Ltd
• Teijin Limited

Middle East and Africa Synthetic Leather Report Scope