The high-end synthetic suede market is in a growing phase. The material gained prominence when ethical and environmental concerns were raised over the use of natural suede, which involves the slaughtering of animals. Since then, the use of synthetic suede has picked up, and most of the synthetic suede is being made using plastic recycled fibers; however, now, the use of bio-based materials has picked up.
The high-end synthetic suede market is expected to reach $2,066.9 million by 2031, with a CAGR of 5.41% during the forecast period 2021-2031. Large-scale production of leather in the global leather industry has been a major cause of slaughtering of a number of animals such as cattle and calves, horses, and lamb, for utilizing their skin to generate leather. Moreover, leather is also largely toxic to the environment as well. The leather tanneries that involve the use of chromium for the tanning process release poisonous metals as a waste. The continuous efforts of non-governmental organizations and environmental activists to extend knowledge about the potential hazards of leather have essentially led to the incorporation of innovative materials by the end users in their production process.