Synthetic Leather Market Report Scope and Research Methodology :
The report employs a robust research methodology that includes in-depth analysis, data collection, and expert insights to provide stakeholders with a thorough understanding of the Synthetic Leather Market. It encompasses both qualitative and quantitative research techniques and examines key market segments, competitive analysis, and the impact of macro and micro-economic factors.
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Synthetic Leather Market Dynamics:
Key findings within the synthetic leather market dynamics include the development of bio-based synthetic leather, driven by strict environmental regulations and the global shift towards sustainability. As regulatory bodies encourage the use of vegan or bio-based leather, manufacturers are focusing on alternative materials, such as polyurethane (PU) and polyvinyl chloride (PVC). The government initiatives for sustainability in the leather and footwear sector, including incentive schemes, have further elevated the appeal of synthetic leather.
Synthetic Leather Market Regional Insights:
- Asia Pacific Dominates the Market: Asia Pacific, with its high population growth and innovative technology, stands as a prime investment destination for the synthetic leather industry. China leads the region as the largest leather producer, owing to its abundant raw materials. India has also made significant contributions, accounting for 13% of the world’s leather production. Initiatives promoting sustainability and the rise of vegan leather are expected to drive market growth in India. The country has contributed over 9% of the world’s footwear production and exported leather and leather products worth more than US$ 47.92 billion in 2021.
- Global Footwear Industry Potential: The footwear sector plays a crucial role in the growth of the synthetic leather industry. As disposable incomes rise and urban populations expand, the demand for footwear is expected to surge. The shift in customer and fashion brand preferences towards sustainable and cruelty-free alternatives is driving demand for leather footwear. The footwear segment accounted for more than 35% of the market share in 2022.
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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
by End-Use industry
Footwear
Furnishing
Automotive
Clothing
Bags, Purses & Wallets
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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