Synthetic Leather Market was valued at US$ 50.09 Bn. in 2022. Synthetic Leather Market size is estimated to grow at a CAGR of 4.54%.
Market Values: In 2022, the Global Synthetic Leather Market reached a valuation of US$ 50.09 billion, with an estimated growth at a CAGR of 4.54%.
Report Scope: The Synthetic Leather Market report provides a comprehensive analysis of the global industry, covering market dynamics, key segments, and regional insights. It presents a forecast for the period 2023-2029, shedding light on market trends, opportunities, and challenges.
Research Methodology: The research methodology employed in this report involves a detailed analysis using primary and secondary sources, emphasizing the development of bio-based synthetic leather and the impact of government initiatives for sustainability in the leather and footwear sector.
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Dynamics: The market dynamics section emphasizes the growth of bio-based synthetic leather, driven by environmental regulations and the use of materials like polyurethane (PU) and polyvinyl chloride (PVC). It highlights the industry’s shift towards cruelty-free alternatives and government initiatives, such as India’s support for the leather and footwear sector.
Regional Insights: Asia Pacific Dominates the Market The report identifies Asia Pacific as a dominant force in the synthetic leather market, attributing this to high population growth, innovative technology, and significant contributions from major players like China and India. India, with 13% of the world’s leather production and a focus on sustainability and vegan leather, emerges as a key market driver.
Market Segment Analysis: Footwear Industry Poised for Growth The report underscores the significant potential for synthetic leather growth in the footwear industry, where it is valued for its durability. The footwear sector, contributing over 35% in 2022, is driven by increasing disposable income, urbanization, and a growing trend of wearing athletic shoes in daily life.
Conclusion: The Synthetic Leather Market report aims to provide stakeholders with a comprehensive understanding of the industry, encompassing past and current status, forecasted market size, and emerging trends. With in-depth analyses, including PORTER and PESTEL evaluations, decision-makers gain valuable insights into market dynamics, structure, and competitive landscapes.
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Synthetic Leather Market Segmentation:
by Type
PU (polyurethane)
PVC (polyvinyl chloride)
Bio based
by Application
Furnishing
Automotive
Foot wear
Bags & wallets
Clothing
Others
Synthetic Leather Market Key Players:
1. Kuraray Co., Ltd.
2. Asahi Kasei Corporation
3. San Fang Chemical Industry Co., Ltd.
4. Toray Coatex Co. Ltd.
5. H.R. Polycoats Pvt. LTD.
6. ALFATEX
7. Filwel Co., Ltd.
8. Teijin Limited
9. Mayur Uniquoters Ltd.
10.Nan Ya Plastics Co. Ltd.
11.Filwel Co. Ltd.
12.Zhejiang Hexin Industry Group Co., Ltd.
13.Alfatex
14.H.R. Polycoats Pvt. Ltd.
15.Yantai Wanhua Synthetic Leather Group Co. Ltd.
16.Kolon Industries Inc
17.Toray Industries Inc
18.Anhui Material Type Co., Ltd.
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Table of content for the Synthetic Leather Market includes:
- Global Synthetic Leather Market: Research Methodology
- Global Synthetic Leather Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Synthetic Leather Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size and Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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