Synthetic Leather Market, By Type (Polyurethane (PU) Synthetic Leather, Polyvinyl Chloride (PVC) Synthetic Leather, and Bio Based Leather), By Application (Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.

Name: Synthetic Leather Market, By Type (Polyurethane (PU) Synthetic Leather, Polyvinyl Chloride (PVC) Synthetic Leather, and Bio Based Leather), By Application (Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.
Brand: Prophecy Market Insights
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Report Code: PMI430920 | Publish Date: May 2023 | No. of Pages: 168

Global Synthetic Leather Market Overview

Synthetic leather gives a luxurious appearance to a vehicle. It is significant material for auto accessories in automobiles. Therefore, the growth of the automotive sector is projected to create strong growth opportunities for the synthetic leather market. Growth in vehicle production and Vehicle Park coupled with growth in the sales of luxury goods propels the growth of the synthetic leather market. Particularly, bio based and PVC PU are the two types of materials utilized in the production of synthetic leather. The global Synthetic Leather market accounted for US$ 32.34 billion in 2020 and is estimated to be US$ 66.50 billion by 2030 and is anticipated to register a CAGR of 7.50%.

Global Synthetic Leather Market Dynamics

Increased demand for luxurious goods

Growth in the luxury goods such as bags and wallets particularly the women will boost the growth of the target market globally. Along with the growth in personal consumption, tax easing regulations of the current U.S. government will authorized consumers with higher disposable income, which in turn will propel the synthetic leather market. Further, synthetic leather market exports will soon jump significant and the consumption of footwear, bags, and electronics in North America, especially in the U.S. will boost the synthetic leather market.

Growing E-commerce industry to boost the synthetic leather market

Eastern Europe footwear ecommerce market is on an upward trend. Online shopping of footwear will boost the synthetic leather market. The synthetic leather formal footwear market segment is acting well, due to increasing middle class, growth in shopping centers, and increase in women participation at work which will accordingly drive the market for synthetic leather. The shift in demand witnessed by the footwear business is projected to grow in the future as well hence boosting synthetic leather market.

However, harmful effects of PVC and PU is restraining growth of the target market.

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Global Synthetic Leather Market Segmentation

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global synthetic leather market is segmented based on type, application, and region.

On the basis of type, the global synthetic leather market is segmented into polyurethane (PU) synthetic leather, polyvinyl chloride (PVC) synthetic leather, and bio based leather. On the basis of application, the target market is classified into furnishing, automotive, footwear, bags & wallets, clothing, and others.

Regional Insights:

The global Synthetic Leather market accounted for US$ 32.34 billion in 2020 and is estimated to be US$ 66.50billion by 2030 and is anticipated to register a CAGR of 7.50%. On region the global synthetic leather market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is expected to register largest and fastest-growing region in the synthetic leather market owing to growing automotive and furniture business in the region. North America market is registering a steady growth rate owing to growing concerns regarding animal killing which is reducing the requirement for genuine leather and fueling the demand for synthetic leather

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Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Million & CAGR from 2020 – 2030
Market Segmentation	By Type - Polyurethane (PU) Synthetic Leather, Polyvinyl Chloride (PVC) Synthetic Leather, and Bio Based Leather By Application - Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2025. For the purpose of this study, has segmented the global synthetic leather market report based on type, application, and region.

Global Synthetic Leather Market, By Region:

- - North America
    - - U.S.
      - Canada
  - Europe
    - - Germany
      - UK
      - France
      - Russia
      - Italy
      - Rest of Europe
  - Asia Pacific
    - - China
      - India
      - Japan
      - South Korea
      - Rest of Asia Pacific
  - Latin America
    - - Brazil
      - Mexico
      - Rest of Latin America
  - Middle East & Africa
    - - GCC
      - Israel
      - South Africa
      - Rest of Middle East & Africa

Global Synthetic Leather Market Key Players

The key players operating the global synthetic leather market includes R. Polycoats Pvt. Ltd., Filwel Co. Ltd., Mayur Uniquoters Limited, Kuraray Co. Ltd., San Fang Chemical Industry Co. Ltd, Alfatex Italia SRL, Yantai Wanhua Synthetic Leather Group Co. Ltd., Shandong Jinfeng Artificial Leather Co., Ltd., Teijin Limited, and Nan Ya Plastics Industrial Co., Ltd. Prominent market players are focusing on product innovation and business expansion. For instance, on July 2019, Asahi Kasei Corporation declared plan to improve the production capacity of its Lamous artificial suede at its Nobeoka plant in Miyazaki, Japan, by 4 million square meters per year. This is projected to expand the company’s total production capacity to 14 million square meters per year upon completion in 2021.

Global Synthetic Leather Market Company Profile

Kuraray Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

R. Polycoats Pvt. Ltd

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Filwel Co. Ltd

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Alfatex Italia SRL

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Mayur Uniquoters Limited

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

San Fang Chemical Industry Co. Ltd

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Yantai Wanhua Synthetic Leather Group Co. Ltd.

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Shandong Jinfeng Artificial Leather Co., Ltd.

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Teijin Limited

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Nan Ya Plastics Industrial Co., Ltd.

Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies

Global Synthetic Leather Market Table of Contents

Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
  - Primary Interviews
  - Primary Breakdown
  - Key data from Primary Sources
  - Key Thickness Insights
- Secondary Data
  - Major Secondary Sources
  - Secondary Sources
- Market Estimation
- Top-Down Approach
  - Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
  - Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Purview
- Executive Summary
- Key Findings—Global Outlook for Synthetic Leather Strategies
  - Key Questions this Study will Answer
  - Market Snippet, By Type
  - Market Snippet, By Application
  - Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
  - Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Global Synthetic Leather Market, By Type, 2019 – 2025, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2025
  - Y-o-Y Growth Analysis (%), 2019 – 2025
  - Segment Trends
- Polyurethane (PU) Synthetic Leather
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Polyvinyl Chloride (PVC) Synthetic Leather
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Bio Based Leather
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
Global Synthetic Leather Market, By Application, 2019 – 2025, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2025
  - Y-o-Y Growth Analysis (%), 2019 – 2025
  - Segment Trends
- Furnishing
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Automotive
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Footwear
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Bags & Wallets
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Clothing
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Others
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
Global Synthetic Leather Market, By Region, 2019 – 2025, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2025
  - Y-o-Y Growth Analysis (%), 2019 – 2025
  - Regional Trends
- North America
  - Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
    - U.S.
    - Canada
- Europe
  - Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
    - Germany
    - UK
    - France
    - Russia
    - Italy
    - Rest of Europe
- Asia Pacific
  - Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
    - China
    - India
    - Japan
    - South Korea
    - Rest of Asia Pacific
- Latin America
  - Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
    - Brazil
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
    - GCC
    - Israel
    - South Africa
    - Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- - R. Polycoats Pvt. Ltd.
    - Company Overview
    - Type Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategies
  - R. Polycoats Pvt. Ltd
  - Filwel Co. Ltd
  - Alfatex Italia SRL
  - Mayur Uniquoters Limited
  - San Fang Chemical Industry Co. Ltd
  - Yantai Wanhua Synthetic Leather Group Co. Ltd.
  - Shandong Jinfeng Artificial Leather Co., Ltd.
  - Teijin Limited
  - Nan Ya Plastics Industrial Co., Ltd.
The Last Word
- Future Impact
- About Us
- Contact

FAQs

What is the scope of the market research report?

The Global Synthetic Leather market is segmented into basis of type, application, and region.

What are the growing factors related with the market Global Synthetic Leather Market growth?

Growth in the luxury goods such as bags and wallets particularly the women will boost the growth of the target market globally.

What are the regions considered in the report & which region will dominate the market?

By region, Asia-Pacific is expected to register largest and fastest-growing region in the synthetic leather market owing to growing automotive and furniture business in the region.

What are the leading Key players in the Global Synthetic Leather market?

The Key players operating in the global Synthetic Leather market include R. Polycoats Pvt. Ltd., Filwel Co. Ltd., Mayur Uniquoters Limited, Kuraray Co. Ltd., San Fang Chemical Industry Co. Ltd, Alfatex Italia SRL, Yantai Wanhua Synthetic Leather Group Co. Ltd., Shandong Jinfeng Artificial Leather Co., Ltd., Teijin Limited, and Nan Ya Plastics Industrial Co., Ltd.

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