Global synthetic leather market by type (polyurethane (PU), polyvinylchloride (PVC) and bio-based), by end use (footwear, furniture & upholstery, automotive, clothing, accessories, sports, electronics, and others) and by region till 2023
Artificial Leather consists of a cloth base which is coated with a synthetic resin so that it resembles animal hide on the surface. The product is marketed under many names, such as “leatherette”, “faux leather”, “vegan leather”, “PU leather” and “pleather”. This type of leather-like material is one of the most durable materials on the market.
The material comes with no seams which prevents the water to seep inside and cause damage to the material. Synthetic leather exhibit some important properties which makes it preferable and advantageous over real leather. It includes, easy to wash, moisture resistance, greater durability and the most importantly cost effectiveness. The major end users of synthetic leather includes, footwear, furniture & upholstery, automotive, clothing, and accessories, among others
Synthetic Leather Key Players
DuPont Tate & Lyle Bio Products, Mayur Uniquoters Limited, NAN YA PLASTICS CORPORATION, KURARAY CO., LTD., SAN FANG CHEMICAL INDUSTRY CO., LTD., TEIJIN LIMITED, H.R. Polycoats Pvt. Ltd. (India), FILWEL CO.,LTD., Yantai Wanhua Synthetic Leather Group Co., Ltd., and TORAY INDUSTRIES
Synthetic Leather Industry is segmented on the basis of product, end use, and region Based on type the market is divided into polyurethane (PU), polyvinylchloride (PVC) and bio-based. On the basis of end use the global synthetic leather market is segmented into footwear, furniture & upholstery, automotive, clothing, accessories, and sports, among others. Regionally, there five major regions in which the market is divided. It includes, Asia Pacific, Europe North America, Latin America, and Middle East & Africa.
Geographically, there are five key regions in which the global synthetic leather market is spanned across. It includes Asia Pacific, Europe North America, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is the largest market owing to the growth of footwear, automotive and construction industry. India, Japan and China are the leading markets in this region on account of an increasing investment in major end uses of synthetic leather.
North America is a substantial region in the global synthetic leather market, which is closely following Europe. U.S. is the largest market in this region owing to the presence of well-established end use industries such as automotive, aerospace along with sports industry.
In U.S. there is a constant rise in the reconstruction and household revamping activities intended to manufactures sustainable and attractive homes. This is expected to favor market of synthetic leather in this region. Latin America is witnessing a steady growth of end use industries in countries namely Brazil and Argentina. The pacifying economic and political scenario in the region would push the growth in regional market forward.
Full report on Synthetic Leather Market report spread across 140 pages, profiling 15 companies and supported with tables and figures available @ https://www.marketresearchfuture.com/reports/synthetic-leather-market-4403
- Traders and distributors of synthetic leather
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory