Is it possible? Sure. Is it currently being done? Not that I am aware of. Most synthetic materials we produce fall short when comparing certain qualities at present day. Keep in mind the relative infancy of the synthetic materials industry, spandex for example only came in around 1960. And when you compare that to the millions of years that animal skin evolved over combined with leather being around since 1300bc we have a lot to figure out when it comes to making true equivalents but I think one day we will.
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