Synthetic Leather - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Synthetic Leather Market is accounted for $30.49 billion in 2019 and is expected to reach $63.02 billion by 2027 growing at a CAGR of 9.5% during the forecast period. Some of the factors contributing to the growth of the market are increasing demand from the footwear industry and advantages over pure leather. However, the harmful effects of PU and PVC are hampering the growth of the market.
Artificial or synthetic leather, as it is usually called, is man-made leather, which gives the manifestation of the real leather. The product is sold under various names such as faux leather, vegan leather, leatherette, and pleather. Synthetic leather is composed of a cloth base which is coated with a synthetic resin so that it resembles animal hide on the surface. The surface of the fabric is dyed and treated with specific additives to resemble real leather. It primarily finds applications where a leather-like finish is required, such as in footwear, upholstery, clothing, and automobile, among others. It comes with no seams, which prevent the water from seeping inside and causing damage to the material.
Based on the end-user, the automotive segment is going to have a lucrative growth during the forecast period owing to its wide range of uses for various vehicles such as buses, cars, trucks, motorcycles, and agricultural vehicles. The major application of synthetic leather in the automotive industry is for seat upholstery. It is also used in various other parts, such as steering wheel covers, door trims, knob & gear bot covers, sun visors & hoods, and roof lining. Its high elasticity makes the seats comfortable and resistance to cold and hot temperatures. The demand for synthetic leather is also increasing in the automotive industry as its manufacturing does not involve animal killing.
By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the technological innovations in the synthetic leather industry and the presence of some of the major players in the region. The Asia-Pacific region is expected to be the fastest-growing synthetic leather market, which is backed by the high demand for synthetic leather in the footwear, automotive, and construction industries. The demand from major emerging countries such as China, India, and South Korea also drives the synthetic leather market in the region.
Some of the key players profiled in the Synthetic Leather Market include Achilles USA, Inc., Alfatex Italia SRL, Asahi Kasei Corporation, FILWEL Co., Ltd., Fujian Polytech Technology Corp., Ltd., H.R.Polycoats Pvt. Ltd., Kuraray Co., Ltd., Mayur Uniquoters Limited, Nan Ya Plastics Corporation, San Fang Chemical Industry Co., Ltd., Teijin Limited, Toray Industries, Inc., and Zhejiang Hexin Holdings Co., Ltd.
• Polyurethane (PU) Based
• Polyvinyl Chloride (PVC) Based
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Synthetic Leather Market, By Type
5.2 Polyurethane (PU) Based
5.2.1 Microfiber Leather
5.2.2 Ecological Function PU
5.2.3 Normal PU
5.3 Polyvinyl Chloride (PVC) Based
5.4 Bio Based
6 Global Synthetic Leather Market, By End User
6.2.1 Sports Shoes
6.2.2 Formal Shoes & Boots
6.2.3 Sandals & Slippers
6.3.3 Bean Bags
6.4.2 Steering Wheel Covers
6.4.3 Door Trim, Knob, & Gear Bot Covers
6.5.3 Tops, Pants
6.7.1 Mobile Covers
6.7.2 Laptop Covers
7 Global Synthetic Leather Market, By Geography
7.2 North America
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.5 Other Key Strategies
9 Company Profiling
9.1 Achilles USA, Inc.
9.2 Alfatex Italia SRL
9.3 Asahi Kasei Corporation
9.4 FILWEL Co., Ltd.
9.5 Fujian Polytech Technology Corp.,Ltd
9.6 H.R.Polycoats Pvt. Ltd.
9.7 Kuraray Co., Ltd.
9.8 Mayur Uniquoters Limited
9.9 Nan Ya Plastics Corporation
9.10 San Fang Chemical Industry Co., Ltd.
9.11 Teijin Limited
9.12 Toray Industries, Inc.
9.13 Zhejiang Hexin Holdings Co., Ltd.
List of Tables
1 Global Synthetic Leather Market Outlook, By Region (2018-2027) ($MN)
2 Global Synthetic Leather Market Outlook, By Type (2018-2027) ($MN)
3 Global Synthetic Leather Market Outlook, By Polyurethane (PU) Based (2018-2027) ($MN)
4 Global Synthetic Leather Market Outlook, By Microfiber Leather (2018-2027) ($MN)
5 Global Synthetic Leather Market Outlook, By Ecological Function PU (2018-2027) ($MN)
6 Global Synthetic Leather Market Outlook, By Normal PU (2018-2027) ($MN)
7 Global Synthetic Leather Market Outlook, By Polyvinyl Chloride (PVC) Based (2018-2027) ($MN)
8 Global Synthetic Leather Market Outlook, By Bio Based (2018-2027) ($MN)
9 Global Synthetic Leather Market Outlook, By End User (2018-2027) ($MN)
10 Global Synthetic Leather Market Outlook, By Footwear (2018-2027) ($MN)
11 Global Synthetic Leather Market Outlook, By Sports Shoes (2018-2027) ($MN)
12 Global Synthetic Leather Market Outlook, By Formal Shoes & Boots (2018-2027) ($MN)
13 Global Synthetic Leather Market Outlook, By Sandals & Slippers (2018-2027) ($MN)
14 Global Synthetic Leather Market Outlook, By Furnishing (2018-2027) ($MN)
15 Global Synthetic Leather Market Outlook, By Chairs (2018-2027) ($MN)
16 Global Synthetic Leather Market Outlook, By Sofas (2018-2027) ($MN)
17 Global Synthetic Leather Market Outlook, By Bean Bags (2018-2027) ($MN)
18 Global Synthetic Leather Market Outlook, By Automotive (2018-2027) ($MN)
19 Global Synthetic Leather Market Outlook, By Seats (2018-2027) ($MN)
20 Global Synthetic Leather Market Outlook, By Steering Wheel Covers (2018-2027) ($MN)
21 Global Synthetic Leather Market Outlook, By Door Trim, Knob, & Gear Bot Covers (2018-2027) ($MN)
22 Global Synthetic Leather Market Outlook, By Clothing (2018-2027) ($MN)
23 Global Synthetic Leather Market Outlook, By Jackets (2018-2027) ($MN)
24 Global Synthetic Leather Market Outlook, By Belts (2018-2027) ($MN)
25 Global Synthetic Leather Market Outlook, By Tops, Pants (2018-2027) ($MN)
26 Global Synthetic Leather Market Outlook, By Accessories (2018-2027) ($MN)
27 Global Synthetic Leather Market Outlook, By Bags (2018-2027) ($MN)
28 Global Synthetic Leather Market Outlook, By Purses (2018-2027) ($MN)
29 Global Synthetic Leather Market Outlook, By Wallets (2018-2027) ($MN)
30 Global Synthetic Leather Market Outlook, By Electronics (2018-2027) ($MN)
31 Global Synthetic Leather Market Outlook, By Mobile Covers (2018-2027) ($MN)
32 Global Synthetic Leather Market Outlook, By Laptop Covers (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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