Synthetic Leather Market
PUBLISHED: 2024 ID: SMRC25459
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Synthetic Leather Market

Synthetic Leather Market Forecasts to 2030 - Global Analysis By Type (Polyvinyl Chloride, Polyurethane, Bio-Based and Other Types), Functionality (Flame Retardant Synthetic Leather, UV Resistant Synthetic Leather, Anti-Microbial Synthetic Leather and Other Functionalities), Application, End User and By Geography

4.3 (52 reviews)
4.3 (52 reviews)
Published: 2024 ID: SMRC25459

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $68.7 BN

Projected Year Value (2030)

US $111 BN

CAGR (2023 - 2030)

7.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Synthetic Leather Market is accounted for $68.7 billion in 2023 and is expected to reach $111 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Synthetic leather is a man-made material designed to resemble genuine leather. It is typically composed of a fabric base layer coated with polyurethane (PU) or polyvinyl chloride (PVC) to create a leather-like appearance and texture. Synthetic leather offers a cost-effective alternative to genuine leather, often with improved durability, water resistance, and ease of maintenance. It is widely used in various industries, including fashion, automotive, furniture, and footwear, providing consumers with a cruelty-free and more sustainable option compared to traditional leather products.

Market Dynamics: 

Driver: 

Rising demand from the footwear industry

Synthetic leather offers a cost-effective alternative to genuine leather without compromising on quality, making it an attractive option for footwear manufacturers seeking to reduce production costs while maintaining product standards. Additionally, advancements in technology have led to the development of synthetic leather materials that closely mimic the look, feel, and durability of genuine leather, further enhancing its appeal to footwear companies and consumers alike. As a result, the rising demand from the footwear industry is expected to continue driving the growth of the synthetic leather market.

Restraint:

Non-biodegradability of synthetic leather

Synthetic leather is composed of petroleum-based polymers like polyurethane (PU) or polyvinyl chloride (PVC), which are not biodegradable. This lack of biodegradability means that synthetic leather products persist in the environment for extended periods after disposal, contributing to pollution and waste accumulation in landfills and oceans. As a result, the disposal of synthetic leather products presents environmental challenges, as they do not break down naturally and may release harmful chemicals or micro plastics into the ecosystem. These factors hamper market demand.

Opportunity:

Cost-effectiveness

The production process for synthetic leather can be more efficient and less labor-intensive compared to traditional leather tanning methods, leading to lower manufacturing costs. Additionally, synthetic leather materials can often be produced in larger quantities and with greater consistency, further reducing production costs and improving economies of scale. Unlike genuine leather, synthetic leather typically requires less maintenance and upkeep, saving consumers both time and money over the product's lifespan. As a result, cost-effectiveness is a key driver in the synthetic leather market, fueling its widespread adoption.

Threat:

Emergence of alternative materials

Advancements in textile engineering have led to the development of bio-based polymers and natural fibers that mimic the look, feel, and performance of synthetic leather while being more sustainable and eco-friendly. These alternatives pose a competitive threat to synthetic leather by appealing to environmentally conscious consumers and industries seeking to reduce their carbon footprint and environmental impact. The availability of alternative materials is a significant factor hindering market expansion.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the synthetic leather market. During the initial phases of the pandemic, lockdowns, travel restrictions, and manufacturing shutdowns led to a decline in production and consumption across various industries, including footwear, automotive, and furniture, which are major consumers of synthetic leather. Moreover, the closure of retail outlets and decreased consumer spending resulted in reduced demand for footwear and other synthetic leather products.

The footwear segment is expected to be the largest during the forecast period

The footwear segment is estimated to hold the largest share. Synthetic leather offers footwear manufacturers a versatile and sustainable alternative to traditional leather, addressing consumer demand for cruelty-free and environmentally-friendly products. Moreover, synthetic leather footwear often boasts enhanced performance characteristics such as water resistance, abrasion resistance, and colourfastness, making it particularly appealing for active and outdoor footwear applications.

The bio-based segment is expected to have the highest CAGR during the forecast period

The bio-based segment is anticipated to have lucrative growth during the forecast period. Bio-based synthetic leather is produced using renewable resources such as plant-based polymers, agricultural by-products, or recycled materials, reducing reliance on fossil fuels and minimizing environmental impact. Bio-based synthetic leather offers several environmental benefits compared to its petroleum-based counterparts. Moreover, bio-based synthetic leather retains many desirable properties of traditional synthetic leather, such as durability, flexibility, and versatility in design, making it a viable option for a wide range of applications.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period. Countries like China, India, Japan, and South Korea are among the key contributors to the synthetic leather market in Asia Pacific. China, in particular, dominates both production and consumption due to its large manufacturing base and export-oriented economy. The country's robust footwear and automotive industries drive substantial demand for synthetic leather. Furthermore, the presence of key market players and ongoing technological advancements are further boosting market expansion in the Asia-Pacific region. 

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period. The region's strong presence in industries such as footwear, automotive, and furniture contributes significantly to the demand for synthetic leather products. The automotive industry in North America is increasingly adopting synthetic leather for interior applications, driven by its durability, ease of maintenance, and cost-effectiveness compared to genuine leather. Moreover, the region's focus on reducing carbon footprints and promoting sustainable practices has led to a growing demand for bio-based synthetic leather alternatives.

Key players in the market

Some of the key players in the Synthetic Leather Market include Nan Ya Plastics Corporation, Kuraray Co., Ltd., San Fang Chemical Industry Co., Ltd., United Decoratives Pvt. Ltd, Alfatex Italia SRL, R. Polycoats Pvt. Ltd., Filwel Co., Ltd., Yantai Wanhua Synthetic Leather Group Co., Ltd., Vortex Flex Pvt. Ltd, Shakti Tex Coaters Pvt. Ltd. and General Silicones Co., Ltd..

Key Developments:

In April 2023, General Silicones Co., Ltd., a Taiwan-based silicone products manufacturer, announced the launch of vegan synthetic leather, namely Compo-SiL (SL series). This series is designed for business that is manufacturers of bags, wallets, backpacks, and shoes and are seeking vegan leather supplies.

In January 2022, Kuraray Co., Ltd., and Nissha Co., Ltd. collaborated to create Material Insert Technology utilizing synthetic leather known as CLARINO, and subsequently introduced this product for sale with a focus on the mobility and consumer electronics sectors.

Types Covered:
• Polyvinyl Chloride
• Polyurethane
• Bio-Based
• Other Types

Functionalities Covered:
• Flame Retardant Synthetic Leather
• UV Resistant Synthetic Leather
• Anti-Microbial Synthetic Leather
• Other Functionalities

Applications Covered:
• Purses & Wallets
• Clothing
• Car Interiors
• Footwear
• Bags
• Car Interiors
• Other Applications

End Users Covered:
• Automotive Industry
• Consumer Goods Industry
• Furniture Industry
• Textile
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
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 2021, 2022, 2023, 2026, and 2030
- 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

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
            
2 Preface           
 2.1 Abstract          
 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         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Application Analysis          
 3.7 End User Analysis          
 3.8 Emerging Markets          
 3.9 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           
 5.1 Introduction          
 5.2 Polyvinyl Chloride          
 5.3 Polyurethane          
 5.4 Bio-Based          
 5.5 Other Types          
            
6 Global Synthetic Leather Market, By Functionality           
 6.1 Introduction          
 6.2 Flame Retardant Synthetic Leather          
 6.3 UV Resistant Synthetic Leather          
 6.4 Anti-Microbial Synthetic Leather          
 6.5 Other Functionalities          
            
7 Global Synthetic Leather Market, By Application           
 7.1 Introduction          
 7.2 Purses & Wallets          
 7.3 Clothing          
 7.4 Car Interiors          
 7.5 Footwear          
 7.6 Bags          
 7.7 Car Interiors          
 7.8 Other Applications          
            
8 Global Synthetic Leather Market, By End User           
 8.1 Introduction          
 8.2 Automotive Industry          
 8.3 Consumer Goods Industry          
 8.4 Furniture Industry          
 8.5 Textile          
 8.6 Other End Users          
            
9 Global Synthetic Leather Market, By Geography           
 9.1 Introduction          
 9.2 North America          
  9.2.1 US         
  9.2.2 Canada         
  9.2.3 Mexico         
 9.3 Europe          
  9.3.1 Germany         
  9.3.2 UK         
  9.3.3 Italy         
  9.3.4 France         
  9.3.5 Spain         
  9.3.6 Rest of Europe         
 9.4 Asia Pacific          
  9.4.1 Japan         
  9.4.2 China         
  9.4.3 India         
  9.4.4 Australia         
  9.4.5 New Zealand         
  9.4.6 South Korea         
  9.4.7 Rest of Asia Pacific         
 9.5 South America          
  9.5.1 Argentina         
  9.5.2 Brazil         
  9.5.3 Chile         
  9.5.4 Rest of South America         
 9.6 Middle East & Africa          
  9.6.1 Saudi Arabia         
  9.6.2 UAE         
  9.6.3 Qatar         
  9.6.4 South Africa         
  9.6.5 Rest of Middle East & Africa         
            
10 Key Developments           
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 10.2 Acquisitions & Mergers          
 10.3 New Product Launch          
 10.4 Expansions          
 10.5 Other Key Strategies          
            
11 Company Profiling           
 11.1 Nan Ya Plastics Corporation          
 11.2 Kuraray Co., Ltd.          
 11.3 San Fang Chemical Industry Co., Ltd.          
 11.4 United Decoratives Pvt. Ltd          
 11.5 Alfatex Italia SRL          
 11.6 R. Polycoats Pvt. Ltd.          
 11.7 Filwel Co., Ltd.          
 11.8 Yantai Wanhua Synthetic Leather Group Co., Ltd.          
 11.9 Vortex Flex Pvt. Ltd          
 11.10 Shakti Tex Coaters Pvt. Ltd          
 11.11 General Silicones Co., Ltd.          
            
List of Tables            
1 Global Synthetic Leather Market Outlook, By Region (2021-2030) ($MN)           
2 Global Synthetic Leather Market Outlook, By Type (2021-2030) ($MN)           
3 Global Synthetic Leather Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)           
4 Global Synthetic Leather Market Outlook, By Polyurethane (2021-2030) ($MN)           
5 Global Synthetic Leather Market Outlook, By Bio-Based (2021-2030) ($MN)           
6 Global Synthetic Leather Market Outlook, By Other Types (2021-2030) ($MN)           
7 Global Synthetic Leather Market Outlook, By Functionality (2021-2030) ($MN)           
8 Global Synthetic Leather Market Outlook, By Flame Retardant Synthetic Leather (2021-2030) ($MN)           
9 Global Synthetic Leather Market Outlook, By UV Resistant Synthetic Leather (2021-2030) ($MN)           
10 Global Synthetic Leather Market Outlook, By Anti-Microbial Synthetic Leather (2021-2030) ($MN)           
11 Global Synthetic Leather Market Outlook, By Other Functionalities (2021-2030) ($MN)           
12 Global Synthetic Leather Market Outlook, By Application (2021-2030) ($MN)           
13 Global Synthetic Leather Market Outlook, By Purses & Wallets (2021-2030) ($MN)           
14 Global Synthetic Leather Market Outlook, By Clothing (2021-2030) ($MN)           
15 Global Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
16 Global Synthetic Leather Market Outlook, By Footwear (2021-2030) ($MN)           
17 Global Synthetic Leather Market Outlook, By Bags (2021-2030) ($MN)           
18 Global Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
19 Global Synthetic Leather Market Outlook, By Other Applications (2021-2030) ($MN)           
20 Global Synthetic Leather Market Outlook, By End User (2021-2030) ($MN)           
21 Global Synthetic Leather Market Outlook, By Automotive Industry (2021-2030) ($MN)           
22 Global Synthetic Leather Market Outlook, By Consumer Goods Industry (2021-2030) ($MN)           
23 Global Synthetic Leather Market Outlook, By Furniture Industry (2021-2030) ($MN)           
24 Global Synthetic Leather Market Outlook, By Textile (2021-2030) ($MN)           
25 Global Synthetic Leather Market Outlook, By Other End Users (2021-2030) ($MN)           
26 North America Synthetic Leather Market Outlook, By Country (2021-2030) ($MN)           
27 North America Synthetic Leather Market Outlook, By Type (2021-2030) ($MN)           
28 North America Synthetic Leather Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)           
29 North America Synthetic Leather Market Outlook, By Polyurethane (2021-2030) ($MN)           
30 North America Synthetic Leather Market Outlook, By Bio-Based (2021-2030) ($MN)           
31 North America Synthetic Leather Market Outlook, By Other Types (2021-2030) ($MN)           
32 North America Synthetic Leather Market Outlook, By Functionality (2021-2030) ($MN)           
33 North America Synthetic Leather Market Outlook, By Flame Retardant Synthetic Leather (2021-2030) ($MN)           
34 North America Synthetic Leather Market Outlook, By UV Resistant Synthetic Leather (2021-2030) ($MN)           
35 North America Synthetic Leather Market Outlook, By Anti-Microbial Synthetic Leather (2021-2030) ($MN)           
36 North America Synthetic Leather Market Outlook, By Other Functionalities (2021-2030) ($MN)           
37 North America Synthetic Leather Market Outlook, By Application (2021-2030) ($MN)           
38 North America Synthetic Leather Market Outlook, By Purses & Wallets (2021-2030) ($MN)           
39 North America Synthetic Leather Market Outlook, By Clothing (2021-2030) ($MN)           
40 North America Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
41 North America Synthetic Leather Market Outlook, By Footwear (2021-2030) ($MN)           
42 North America Synthetic Leather Market Outlook, By Bags (2021-2030) ($MN)           
43 North America Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
44 North America Synthetic Leather Market Outlook, By Other Applications (2021-2030) ($MN)           
45 North America Synthetic Leather Market Outlook, By End User (2021-2030) ($MN)           
46 North America Synthetic Leather Market Outlook, By Automotive Industry (2021-2030) ($MN)           
47 North America Synthetic Leather Market Outlook, By Consumer Goods Industry (2021-2030) ($MN)           
48 North America Synthetic Leather Market Outlook, By Furniture Industry (2021-2030) ($MN)           
49 North America Synthetic Leather Market Outlook, By Textile (2021-2030) ($MN)           
50 North America Synthetic Leather Market Outlook, By Other End Users (2021-2030) ($MN)           
51 Europe Synthetic Leather Market Outlook, By Country (2021-2030) ($MN)           
52 Europe Synthetic Leather Market Outlook, By Type (2021-2030) ($MN)           
53 Europe Synthetic Leather Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)           
54 Europe Synthetic Leather Market Outlook, By Polyurethane (2021-2030) ($MN)           
55 Europe Synthetic Leather Market Outlook, By Bio-Based (2021-2030) ($MN)           
56 Europe Synthetic Leather Market Outlook, By Other Types (2021-2030) ($MN)           
57 Europe Synthetic Leather Market Outlook, By Functionality (2021-2030) ($MN)           
58 Europe Synthetic Leather Market Outlook, By Flame Retardant Synthetic Leather (2021-2030) ($MN)           
59 Europe Synthetic Leather Market Outlook, By UV Resistant Synthetic Leather (2021-2030) ($MN)           
60 Europe Synthetic Leather Market Outlook, By Anti-Microbial Synthetic Leather (2021-2030) ($MN)           
61 Europe Synthetic Leather Market Outlook, By Other Functionalities (2021-2030) ($MN)           
62 Europe Synthetic Leather Market Outlook, By Application (2021-2030) ($MN)           
63 Europe Synthetic Leather Market Outlook, By Purses & Wallets (2021-2030) ($MN)           
64 Europe Synthetic Leather Market Outlook, By Clothing (2021-2030) ($MN)           
65 Europe Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
66 Europe Synthetic Leather Market Outlook, By Footwear (2021-2030) ($MN)           
67 Europe Synthetic Leather Market Outlook, By Bags (2021-2030) ($MN)           
68 Europe Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
69 Europe Synthetic Leather Market Outlook, By Other Applications (2021-2030) ($MN)           
70 Europe Synthetic Leather Market Outlook, By End User (2021-2030) ($MN)           
71 Europe Synthetic Leather Market Outlook, By Automotive Industry (2021-2030) ($MN)           
72 Europe Synthetic Leather Market Outlook, By Consumer Goods Industry (2021-2030) ($MN)           
73 Europe Synthetic Leather Market Outlook, By Furniture Industry (2021-2030) ($MN)           
74 Europe Synthetic Leather Market Outlook, By Textile (2021-2030) ($MN)           
75 Europe Synthetic Leather Market Outlook, By Other End Users (2021-2030) ($MN)           
76 Asia Pacific Synthetic Leather Market Outlook, By Country (2021-2030) ($MN)           
77 Asia Pacific Synthetic Leather Market Outlook, By Type (2021-2030) ($MN)           
78 Asia Pacific Synthetic Leather Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)           
79 Asia Pacific Synthetic Leather Market Outlook, By Polyurethane (2021-2030) ($MN)           
80 Asia Pacific Synthetic Leather Market Outlook, By Bio-Based (2021-2030) ($MN)           
81 Asia Pacific Synthetic Leather Market Outlook, By Other Types (2021-2030) ($MN)           
82 Asia Pacific Synthetic Leather Market Outlook, By Functionality (2021-2030) ($MN)           
83 Asia Pacific Synthetic Leather Market Outlook, By Flame Retardant Synthetic Leather (2021-2030) ($MN)           
84 Asia Pacific Synthetic Leather Market Outlook, By UV Resistant Synthetic Leather (2021-2030) ($MN)           
85 Asia Pacific Synthetic Leather Market Outlook, By Anti-Microbial Synthetic Leather (2021-2030) ($MN)           
86 Asia Pacific Synthetic Leather Market Outlook, By Other Functionalities (2021-2030) ($MN)           
87 Asia Pacific Synthetic Leather Market Outlook, By Application (2021-2030) ($MN)           
88 Asia Pacific Synthetic Leather Market Outlook, By Purses & Wallets (2021-2030) ($MN)           
89 Asia Pacific Synthetic Leather Market Outlook, By Clothing (2021-2030) ($MN)           
90 Asia Pacific Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
91 Asia Pacific Synthetic Leather Market Outlook, By Footwear (2021-2030) ($MN)           
92 Asia Pacific Synthetic Leather Market Outlook, By Bags (2021-2030) ($MN)           
93 Asia Pacific Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
94 Asia Pacific Synthetic Leather Market Outlook, By Other Applications (2021-2030) ($MN)           
95 Asia Pacific Synthetic Leather Market Outlook, By End User (2021-2030) ($MN)           
96 Asia Pacific Synthetic Leather Market Outlook, By Automotive Industry (2021-2030) ($MN)           
97 Asia Pacific Synthetic Leather Market Outlook, By Consumer Goods Industry (2021-2030) ($MN)           
98 Asia Pacific Synthetic Leather Market Outlook, By Furniture Industry (2021-2030) ($MN)           
99 Asia Pacific Synthetic Leather Market Outlook, By Textile (2021-2030) ($MN)           
100 Asia Pacific Synthetic Leather Market Outlook, By Other End Users (2021-2030) ($MN)           
101 South America Synthetic Leather Market Outlook, By Country (2021-2030) ($MN)           
102 South America Synthetic Leather Market Outlook, By Type (2021-2030) ($MN)           
103 South America Synthetic Leather Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)           
104 South America Synthetic Leather Market Outlook, By Polyurethane (2021-2030) ($MN)           
105 South America Synthetic Leather Market Outlook, By Bio-Based (2021-2030) ($MN)           
106 South America Synthetic Leather Market Outlook, By Other Types (2021-2030) ($MN)           
107 South America Synthetic Leather Market Outlook, By Functionality (2021-2030) ($MN)           
108 South America Synthetic Leather Market Outlook, By Flame Retardant Synthetic Leather (2021-2030) ($MN)           
109 South America Synthetic Leather Market Outlook, By UV Resistant Synthetic Leather (2021-2030) ($MN)           
110 South America Synthetic Leather Market Outlook, By Anti-Microbial Synthetic Leather (2021-2030) ($MN)           
111 South America Synthetic Leather Market Outlook, By Other Functionalities (2021-2030) ($MN)           
112 South America Synthetic Leather Market Outlook, By Application (2021-2030) ($MN)           
113 South America Synthetic Leather Market Outlook, By Purses & Wallets (2021-2030) ($MN)           
114 South America Synthetic Leather Market Outlook, By Clothing (2021-2030) ($MN)           
115 South America Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
116 South America Synthetic Leather Market Outlook, By Footwear (2021-2030) ($MN)           
117 South America Synthetic Leather Market Outlook, By Bags (2021-2030) ($MN)           
118 South America Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
119 South America Synthetic Leather Market Outlook, By Other Applications (2021-2030) ($MN)           
120 South America Synthetic Leather Market Outlook, By End User (2021-2030) ($MN)           
121 South America Synthetic Leather Market Outlook, By Automotive Industry (2021-2030) ($MN)           
122 South America Synthetic Leather Market Outlook, By Consumer Goods Industry (2021-2030) ($MN)           
123 South America Synthetic Leather Market Outlook, By Furniture Industry (2021-2030) ($MN)           
124 South America Synthetic Leather Market Outlook, By Textile (2021-2030) ($MN)           
125 South America Synthetic Leather Market Outlook, By Other End Users (2021-2030) ($MN)           
126 Middle East & Africa Synthetic Leather Market Outlook, By Country (2021-2030) ($MN)           
127 Middle East & Africa Synthetic Leather Market Outlook, By Type (2021-2030) ($MN)           
128 Middle East & Africa Synthetic Leather Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)           
129 Middle East & Africa Synthetic Leather Market Outlook, By Polyurethane (2021-2030) ($MN)           
130 Middle East & Africa Synthetic Leather Market Outlook, By Bio-Based (2021-2030) ($MN)           
131 Middle East & Africa Synthetic Leather Market Outlook, By Other Types (2021-2030) ($MN)           
132 Middle East & Africa Synthetic Leather Market Outlook, By Functionality (2021-2030) ($MN)           
133 Middle East & Africa Synthetic Leather Market Outlook, By Flame Retardant Synthetic Leather (2021-2030) ($MN)           
134 Middle East & Africa Synthetic Leather Market Outlook, By UV Resistant Synthetic Leather (2021-2030) ($MN)           
135 Middle East & Africa Synthetic Leather Market Outlook, By Anti-Microbial Synthetic Leather (2021-2030) ($MN)           
136 Middle East & Africa Synthetic Leather Market Outlook, By Other Functionalities (2021-2030) ($MN)           
137 Middle East & Africa Synthetic Leather Market Outlook, By Application (2021-2030) ($MN)           
138 Middle East & Africa Synthetic Leather Market Outlook, By Purses & Wallets (2021-2030) ($MN)           
139 Middle East & Africa Synthetic Leather Market Outlook, By Clothing (2021-2030) ($MN)           
140 Middle East & Africa Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
141 Middle East & Africa Synthetic Leather Market Outlook, By Footwear (2021-2030) ($MN)           
142 Middle East & Africa Synthetic Leather Market Outlook, By Bags (2021-2030) ($MN)           
143 Middle East & Africa Synthetic Leather Market Outlook, By Car Interiors (2021-2030) ($MN)           
144 Middle East & Africa Synthetic Leather Market Outlook, By Other Applications (2021-2030) ($MN)           
145 Middle East & Africa Synthetic Leather Market Outlook, By End User (2021-2030) ($MN)           
146 Middle East & Africa Synthetic Leather Market Outlook, By Automotive Industry (2021-2030) ($MN)           
147 Middle East & Africa Synthetic Leather Market Outlook, By Consumer Goods Industry (2021-2030) ($MN)           
148 Middle East & Africa Synthetic Leather Market Outlook, By Furniture Industry (2021-2030) ($MN)           
149 Middle East & Africa Synthetic Leather Market Outlook, By Textile (2021-2030) ($MN)           
150 Middle East & Africa Synthetic Leather Market Outlook, By Other End Users (2021-2030) ($MN) 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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