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The coating agents for synthetic leather market size is forecast to increase by USD 254.8 million, at a CAGR of 8.51% between 2023 and 2028. The global coating agents market for synthetic leather has experienced significant growth in recent years, driven by several key factors. Consumers are increasingly shifting their preferences towards animal-friendly alternatives, leading to a decline in demand for natural leather. This trend is particularly prominent in industries such as automotive and footwear, where synthetic leather offers comparable durability and aesthetic appeal at a lower cost and with fewer ethical concerns. Additionally, regulatory bodies like the People for Ethical Treatment of Animals (PETA) have imposed stricter regulations on the usage of natural leather, further limiting its availability and driving demand for synthetic alternatives. As a result, the synthetic leather market is poised for continued expansion, offering substantial opportunities for manufacturers and suppliers in the coming years.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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