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Introduction
Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive, and it does not require using a real animal hide to create.
Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.
Though there are several materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. PU Synthetic Leather is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, PU Synthetic Leather can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.
According to Publisher’s latest study, the global Synthetic Leather (Artificial Leather) market size was valued at US$ 16090 million in 2023. With growing demand in downstream market, the Synthetic Leather (Artificial Leather) is forecast to a readjusted size of US$ 21670 million by 2030 with a CAGR of 4.3% during review period.
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The Synthetic Leather (Artificial Leather) market covers PVC, Normal PU, Microfiber PU, Ecological function PU, etc. The typical players include Kuraray, Toray, Teijin, Covestro (Bayer), Shian Microfiber, Zhejiang Haobo (Wangkang Group), Asahi Kasei, Duksung, etc.
The market for synthetic leather (synthetic leather) is very fragmented. The main suppliers are Toray, Kuraray, medium Imitation Leather etc. Top 5 manufacturers accounted for 10% of global revenue.Asia-Pacific is the largest market with about 55% market share. Europe is follower, accounting for about 27% market share.In terms of product, normal PU is the largest segment, with a share over 40%. And in terms of application, the largest application is apparel & accessories, followed by furnishing.
Key Features:
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The report on Synthetic Leather (Artificial Leather) market reflects various aspects and provide valuable insights into the industry.
Market Drivers and Challenges:
Market Drivers-
Growing Demand in the automobile Sector: The synthetic leather market is mostly driven by the automobile sector. In car interiors, synthetic leather is frequently used for dashboard coverings, door panels, and seats. The market for synthetic leather is expanding as a result of the growing need for aesthetically beautiful, long-lasting, and reasonably priced interior materials in cars.
Concerns about Animal Welfare and Sustainability: Consumer preferences are shifting in favor of eco-friendly and cruelty-free products as a result of growing knowledge of these issues. As an alternative to real leather, synthetic leather can help lessen the reliance on goods generated from animals. The market for synthetic leather has expanded in part due to consumer demand for ethical and environmental materials.
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Market Challenges-
Perception and Quality Issues: It is difficult for the market and consumers to adopt synthetic leather since it is thought to be of lower quality or less resilient than real leather. Establishing credibility and confidence in the synthetic leather business requires addressing quality concerns through product innovation, marketing campaigns, and education.
Sustainability and Environmental Impact: Although synthetic leather is a cruelty-free substitute for real leather, there are still worries about how it will affect the environment in terms of production methods, where raw materials come from, and how it will be disposed of after its useful life. The synthetic leather sector must adopt eco-friendly production technology, recycling programs, and sustainable sourcing strategies to allay environmental worries and advance sustainable development.
Technological Developments:
Bio-Based and Recycled Materials: By incorporating recycled materials and bio-based polymers into synthetic leather formulations, sustainability goals are supported and there is less dependency on fossil fuel-based raw materials. Innovations in plant-derived substitutes, recycled polyester, and bio-based PU improve the environmental friendliness of synthetic leather goods.
Solvent-free and Water-Based Coatings: Adoption of solvent-free finishing technologies and water-based polyurethane (PU) coatings lessens the health risks and environmental effect of solvent-based coatings. In the creation of synthetic leather, water-based formulations provide greater worker safety, reduced volatile organic compound emissions, and improved sustainability.
Recommendations and Opportunities:
Quality Control and Consumer Education: In the synthetic leather industry, gaining the trust and loyalty of customers depends on maintaining the quality, reliability, and performance of products. Customer satisfaction and market credibility are increased through quality assurance procedures, adhering to industry standards, and communicating openly about the manufacturing processes and origins of materials.
Diversification and Market Expansion: The synthetic leather market can develop and diversify by looking into new end-user industries, regional regions, and applications. Manufacturers can take advantage of new trends and market opportunities by forming strategic alliances, gathering market knowledge, and developing product differentiation strategies.
Market Forecasts and Future Outlook:
Driven by environmental trends, technical breakthroughs, and consumer preferences changing towards cruelty-free and eco-friendly alternatives, the worldwide synthetic leather market appears to have a bright future. The demand for premium synthetic leather is anticipated to rise as long as industries maintain their emphasis on sustainability, innovation, and performance. This presents prospects for cross-sector collaboration, market expansion, and differentiation.
Market Size and Growth: The research report provide an overview of the current size and growth of the Synthetic Leather (Artificial Leather) market. It may include historical data, market segmentation by Type (e.g., PVC, Normal PU), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Synthetic Leather (Artificial Leather) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Synthetic Leather (Artificial Leather) market. It includes factors influencing customer ' purchasing decisions, preferences for Synthetic Leather (Artificial Leather) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Synthetic Leather (Artificial Leather) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Synthetic Leather (Artificial Leather) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Synthetic Leather (Artificial Leather) market.
Market Segmentation:
Synthetic Leather (Artificial Leather) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
PVC
Normal PU
Microfiber PU
Ecological function PU
Segmentation by application
Footwear
Apparel & Accessories
Furnishing
Automotive
Sports Goods
Bags
Others
Segmentation by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Key Players
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kuraray
Toray
Teijin
Covestro (Bayer)
Shian Microfiber
Zhejiang Haobo (Wangkang Group)
Asahi Kasei
Duksung
Daewon Chemical
Filwel
Kolon
San Fang Chemical
Nanya
Wenzhou Imitation Leather
Anhui Anli
Fujian Tianshou
Vulcaflex
Yantai Wanhua
Shandong Tongda
Hexin Holdings
Xiefu new materials
Huafon Microfibre
Double Elephant
Fujian Topsun
Benecke-Kaliko
Kyowa
Archilles
CGT
Mayur Uniquoters
Introduction
Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive, and it does not require using a real animal hide to create.
Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.
Though there are several materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. PU Synthetic Leather is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, PU Synthetic Leather can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.
According to Publisher’s latest study, the global Synthetic Leather (Artificial Leather) market size was valued at US$ 16090 million in 2023. With growing demand in downstream market, the Synthetic Leather (Artificial Leather) is forecast to a readjusted size of US$ 21670 million by 2030 with a CAGR of 4.3% during review period.
The Synthetic Leather (Artificial Leather) market covers PVC, Normal PU, Microfiber PU, Ecological function PU, etc. The typical players include Kuraray, Toray, Teijin, Covestro (Bayer), Shian Microfiber, Zhejiang Haobo (Wangkang Group), Asahi Kasei, Duksung, etc.
The market for synthetic leather (synthetic leather) is very fragmented. The main suppliers are Toray, Kuraray, medium Imitation Leather etc. Top 5 manufacturers accounted for 10% of global revenue.Asia-Pacific is the largest market with about 55% market share. Europe is follower, accounting for about 27% market share.In terms of product, normal PU is the largest segment, with a share over 40%. And in terms of application, the largest application is apparel & accessories, followed by furnishing.
Key Features:
The report on Synthetic Leather (Artificial Leather) market reflects various aspects and provide valuable insights into the industry.
Market Drivers and Challenges:
Market Drivers-
Growing Demand in the automobile Sector: The synthetic leather market is mostly driven by the automobile sector. In car interiors, synthetic leather is frequently used for dashboard coverings, door panels, and seats. The market for synthetic leather is expanding as a result of the growing need for aesthetically beautiful, long-lasting, and reasonably priced interior materials in cars.
Concerns about Animal Welfare and Sustainability: Consumer preferences are shifting in favor of eco-friendly and cruelty-free products as a result of growing knowledge of these issues. As an alternative to real leather, synthetic leather can help lessen the reliance on goods generated from animals. The market for synthetic leather has expanded in part due to consumer demand for ethical and environmental materials.
Market Challenges-
Perception and Quality Issues: It is difficult for the market and consumers to adopt synthetic leather since it is thought to be of lower quality or less resilient than real leather. Establishing credibility and confidence in the synthetic leather business requires addressing quality concerns through product innovation, marketing campaigns, and education.
Sustainability and Environmental Impact: Although synthetic leather is a cruelty-free substitute for real leather, there are still worries about how it will affect the environment in terms of production methods, where raw materials come from, and how it will be disposed of after its useful life. The synthetic leather sector must adopt eco-friendly production technology, recycling programs, and sustainable sourcing strategies to allay environmental worries and advance sustainable development.
Technological Developments:
Bio-Based and Recycled Materials: By incorporating recycled materials and bio-based polymers into synthetic leather formulations, sustainability goals are supported and there is less dependency on fossil fuel-based raw materials. Innovations in plant-derived substitutes, recycled polyester, and bio-based PU improve the environmental friendliness of synthetic leather goods.
Solvent-free and Water-Based Coatings: Adoption of solvent-free finishing technologies and water-based polyurethane (PU) coatings lessens the health risks and environmental effect of solvent-based coatings. In the creation of synthetic leather, water-based formulations provide greater worker safety, reduced volatile organic compound emissions, and improved sustainability.
Recommendations and Opportunities:
Quality Control and Consumer Education: In the synthetic leather industry, gaining the trust and loyalty of customers depends on maintaining the quality, reliability, and performance of products. Customer satisfaction and market credibility are increased through quality assurance procedures, adhering to industry standards, and communicating openly about the manufacturing processes and origins of materials.
Diversification and Market Expansion: The synthetic leather market can develop and diversify by looking into new end-user industries, regional regions, and applications. Manufacturers can take advantage of new trends and market opportunities by forming strategic alliances, gathering market knowledge, and developing product differentiation strategies.
Market Forecasts and Future Outlook:
Driven by environmental trends, technical breakthroughs, and consumer preferences changing towards cruelty-free and eco-friendly alternatives, the worldwide synthetic leather market appears to have a bright future. The demand for premium synthetic leather is anticipated to rise as long as industries maintain their emphasis on sustainability, innovation, and performance. This presents prospects for cross-sector collaboration, market expansion, and differentiation.
Market Size and Growth: The research report provide an overview of the current size and growth of the Synthetic Leather (Artificial Leather) market. It may include historical data, market segmentation by Type (e.g., PVC, Normal PU), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Synthetic Leather (Artificial Leather) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Synthetic Leather (Artificial Leather) market. It includes factors influencing customer ' purchasing decisions, preferences for Synthetic Leather (Artificial Leather) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Synthetic Leather (Artificial Leather) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Synthetic Leather (Artificial Leather) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Synthetic Leather (Artificial Leather) market.
Market Segmentation:
Synthetic Leather (Artificial Leather) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
PVC
Normal PU
Microfiber PU
Ecological function PU
Segmentation by application
Footwear
Apparel & Accessories
Furnishing
Automotive
Sports Goods
Bags
Others
Segmentation by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Key Players
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kuraray
Toray
Teijin
Covestro (Bayer)
Shian Microfiber
Zhejiang Haobo (Wangkang Group)
Asahi Kasei
Duksung
Daewon Chemical
Filwel
Kolon
San Fang Chemical
Nanya
Wenzhou Imitation Leather
Anhui Anli
Fujian Tianshou
Vulcaflex
Yantai Wanhua
Shandong Tongda
Hexin Holdings
Xiefu new materials
Huafon Microfibre
Double Elephant
Fujian Topsun
Benecke-Kaliko
Kyowa
Archilles
CGT
Mayur Uniquoters
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Synthetic Leather (Artificial Leather) Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Synthetic Leather (Artificial Leather) by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Synthetic Leather (Artificial Leather) by Country/Region, 2019, 2023 & 2030
2.2 Synthetic Leather (Artificial Leather) Segment by Type
2.2.1 PVC
2.2.2 Normal PU
2.2.3 Microfiber PU
2.2.4 Ecological function PU
2.3 Synthetic Leather (Artificial Leather) Sales by Type
2.3.1 Global Synthetic Leather (Artificial Leather) Sales Market Share by Type (2019-2024)
2.3.2 Global Synthetic Leather (Artificial Leather) Revenue and Market Share by Type (2019-2024)
2.3.3 Global Synthetic Leather (Artificial Leather) Sale Price by Type (2019-2024)
2.4 Synthetic Leather (Artificial Leather) Segment by Application
2.4.1 Footwear
2.4.2 Apparel & Accessories
2.4.3 Furnishing
2.4.4 Automotive
2.4.5 Sports Goods
2.4.6 Bags
2.4.7 Others
2.5 Synthetic Leather (Artificial Leather) Sales by Application
2.5.1 Global Synthetic Leather (Artificial Leather) Sale Market Share by Application (2019-2024)
2.5.2 Global Synthetic Leather (Artificial Leather) Revenue and Market Share by Application (2019-2024)
2.5.3 Global Synthetic Leather (Artificial Leather) Sale Price by Application (2019-2024)
3 Global Synthetic Leather (Artificial Leather) by Company
3.1 Global Synthetic Leather (Artificial Leather) Breakdown Data by Company
3.1.1 Global Synthetic Leather (Artificial Leather) Annual Sales by Company (2019-2024)
3.1.2 Global Synthetic Leather (Artificial Leather) Sales Market Share by Company (2019-2024)
3.2 Global Synthetic Leather (Artificial Leather) Annual Revenue by Company (2019-2024)
3.2.1 Global Synthetic Leather (Artificial Leather) Revenue by Company (2019-2024)
3.2.2 Global Synthetic Leather (Artificial Leather) Revenue Market Share by Company (2019-2024)
3.3 Global Synthetic Leather (Artificial Leather) Sale Price by Company
3.4 Key Manufacturers Synthetic Leather (Artificial Leather) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Synthetic Leather (Artificial Leather) Product Location Distribution
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