High-End Synthetic Suede Market Opportunity Analysis and Industrial Forecast 2021-2031

Posted September 17, 2021 by bisrsrch

The high-end synthetic suede market has been segmented based on product woven and non-woven. Most of the key players operating in the high-end synthetic suede market are manufacturing non-woven materials
Synthetic suede, also known as artificial and faux suede, bears properties similar to that of natural suede. Synthetic suede was created in the mid-twentieth century, and since then, various performance attributes of the material has considerably improved. Synthetic suede has become increasingly popular not because of its appearance and flexibility, but also, due to its minimal negative effects on the environment as compared to that of leather.

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The fabric continues to evolve, combining high quality and excellent functionality. High-end synthetic suede is mainly used in industries involving luxury products. For instance, high-end synthetic suede is being used for various parts of the luxury cars.

High-end synthetic suede has been able to mark its presence in the fashion industry as well. Global fashion designers, with an aim to inculcate sustainability, have started to incorporate synthetic materials in their production process, to not only achieve sustainability but also to send a strong message to their customers regarding the proliferated use of vegan materials.

In terms of volume, the market is anticipated to reach a market volume of XX million sqm by the end of 2029. The growth in the high-end synthetic suede market is attributable to increasing demand from the automotive industry and the need for a replacement of natural suede. Synthetic suede is made through the blends of polyester and other plastics, posing less environmental hazard just like natural suede does. Synthetic suede is typically more economical and affordable as compared to natural suede. The material is highly durable and requires low maintenance, which has made it a popular choice as a replacement of natural suede.

The increase in the number of end-use industries, rise in the demand for a replacement of natural suede, and extensive research and development activities by the manufacturers have helped the market for the high-end synthetic suede market to grow across several end-use industries such as automotive, fashion, and footwear, among others.

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The demand for high-end synthetic suede varies according to different geographical regions. The high-end synthetic suede market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and RoW. The European region also presently accounts for the highest luxury cars production globally, moreover, is home to well-known fashion houses and international designers. Not only this, Europe is also one of the key regions in terms of production of footwear. There is an ongoing trend of replacing natural leather and natural suede due to the beneficial properties such as high breathability and high vapor permeability of synthetic materials such as synthetic leather and suede. These materials are also being preferred due to a high demand from the population for materials and fabrics that enhance the aesthetic appeal of the product.

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Last Updated September 17, 2021