Lucintel's latest market report analyzed that high-end synthetic suede provides attractive opportunities in the automotive, fashion, and furniture markets. The high-end synthetic suede market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, non-woven is the largest segment by product, whereas automotive is largest by application.
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Based on product, the high-end synthetic suede market is segmented into woven and non-woven. The non-woven segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as these materials are lighter and weaker as compared to woven material and is utilized for the manufacturing of durable clothing.
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The High-End Synthetic Suede Market is marked by the presence of several big and small players. Some of the prominent players offering high-end synthetic suede include Asahi Kasei, Toray Industries., Kolon Industries., Seiren Co, WINIW International, Nevotex AB, RishabhVelveleen, The Mitchell Group, Tapis Corp., and MajiliteInc..
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