Synthetic Leather Market Analysis and Forecast to 2031: By Type (PU, PVC, Bio-based), Application (Footwear, Clothing, Furnishing, Automotive, Wallets, Bags & Purses, Others), and Region
Synthetic leather is a material made to look and feel like natural leather, but without using any animal products. It is typically made from polyurethane, PVC, or other synthetic materials. Synthetic leather is often used in clothing, upholstery, and other applications where real leather would be too expensive or difficult to maintain.
Key Trends
The key trends in synthetic leather technology are the development of new and improved synthetic leather materials, the use of synthetic leather in a wider range of products, and the increasing popularity of synthetic leather.
New and improved synthetic leather materials are being developed all the time. These materials are designed to be more durable and realistic than ever before. The use of synthetic leather in a wider range of products is also becoming more common. This includes everything from clothing and footwear to furniture and car upholstery.
The increasing popularity of synthetic leather is due to a number of factors. Firstly, it is a more environmentally friendly option than real leather. It is also usually cheaper to produce and buy. Finally, it can be made to look and feel very similar to real leather, making it a great alternative for those who want the look of leather without the ethical or financial concerns.
Key Drivers
The key drivers of the synthetic leather market are the increasing demand for synthetic leather from the automotive and footwear industries, and the growing popularity of veganism.
The automotive industry is the largest end-user of synthetic leather, accounting for around 60% of the total demand. Synthetic leather is used in the manufacture of car seats, steering wheels, and other interior upholstery. The footwear industry is the second-largest end-user of synthetic leather, accounting for around 20% of the total demand. Synthetic leather is used in the manufacture of shoes, boots, and other footwear.
The growing popularity of veganism is also driving the demand for synthetic leather. Veganism is a lifestyle that avoids all animal products, including leather. As more people adopt veganism, the demand for vegan-friendly products, such as synthetic leather, is increasing.
Restraints & Challenges
The key restraints and challenges in the synthetic leather market are its high cost compared to natural leather and the fact that it is not as durable as natural leather. Additionally, synthetic leather is not as breathable as natural leather, which can make it uncomfortable to wear in warm weather.
Market Segments
The Synthetic Leather Market is segmented by type, application, and region. By type, the market is divided into PU, PVC, and bio-based. Based on application, it is bifurcated into footwear, clothing, furnishing, automotive, wallets, bags & purses, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
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- Chapter 1. Market Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Synthetic Leather Market Outlook
- 3.1. Synthetic Leather Market segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat of New Entrants
- 3.3.2. Threat of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. PESTLE Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and/or Retailers
- 3.6. Impact of the Russia and Ukraine War on the Synthetic Leather Market
- Chapter 4. Economic Impact of COVID-19 on Synthetic Leather Market
- 4.1. Overall Impact of COVID-19
- 4.2. Impact of COVID On the Synthetic Leather Market
- 4.3. Economic Impact Analysis
- Chapter 5. Synthetic Leather Market by Type
- 5.1. Market Overview
- 5.2. PU Synthetic Leather
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. PVC Synthetic Leather
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.4. Bio-based Leather
- 5.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. Synthetic Leather Market by Application
- 6.1. Market Overview
- 6.2. Furnishing
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Automotive
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.4. Footwear
- 6.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.5. Wallets, Bags & Purses
- 6.5.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.6. Clothing
- 6.6.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.7. Others
- 6.7.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.7.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. Synthetic Leather Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.2.3. North America Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.2.4. North America Synthetic Leather Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.2.5.2. The U.S. Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.2.6.2. Canada Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.2.7.2. Mexico Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.3. Europe Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.4. Europe Synthetic Leather Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.5.2. Germany Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.6. France
- 7.3.6.1. France Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.6.2. France Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.7.2. U.K. Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.8.2. Spain Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.9.2. Italy Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.3.10.2. Rest of Europe Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific Synthetic Leather Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.4.5.2. China Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.4.6.2. India Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.4.7.2. Japan Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.4.8.2. South Korea Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.4.9.2. Rest of APAC Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5. Rest of the World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest of the World Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.5.3. Rest of the World Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5.4. Rest of the World Synthetic Leather Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.5.5.2. Latin America Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.5.6.2. Middle East Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa Synthetic Leather Market Size and Forecast by Type , 2021-2031, ($Million)
- 7.5.7.2. Africa Synthetic Leather Market Size and Forecast by Application, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New Product Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, and Collaborations
- 8.3.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. Kuraray Co., Ltd.
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. H.R. Polycoats Pvt. Ltd.
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Alfatex Italia SRL
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. Filwel Co., Ltd.
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Alfatex Italia SRL
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. San Fang Chemical Industry Co., Ltd.
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. Mayur Uniquoters Limited
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Teijin Limited
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Nan Ya Plastics Corporation
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. Zhejiang Hexin Industry Group Co., Ltd.
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of company is subject to change during the final compilation of the report
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