In-depth Analysis of Synthetic Leather (Artificial Leather) Market | Drives, Emerging Trends, Dynamics, Forecast and Supply Demand 2026

The cutting-edge information in the Synthetic Leather (Artificial Leather) research report includes a competitive landscape with recent industry trends and developments. It presents the unbiased perspective of market performance by providing potential and niche segments, regions exhibiting market growth during the projected period. Furthermore, the report also offers must-have data for market players to help them sustain and enhance their market strategies. It also highlights the market value, growth rate, and key players operating the Synthetic Leather (Artificial Leather) market.

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Synthetic Leather (Artificial Leather) Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) and Region - Global Forecast to 2025.The synthetic leather market size is estimated to be USD 63.3 billion in 2020 and is projected to reach USD 78.5 billion by 2025, at a CAGR of 4.4% between 2020 and 2025.

The report provides a comprehensive analysis of company profiles listed below:
• Kuraray Co. Ltd. (Japan)
• San Fang Chemical Industry Co. Ltd. (Taiwan)
• Teijin Limited (Japan)
• Mayur Uniquoters Limited (India)
• NAN YA plastics corporation (Taiwan)
• Filwel Co. Ltd. (Japan)
• Zhejiang Hexin Industry Group Co.Ltd. (China)
• Alfatex N.V. (Belgium)
• H.R. Polycoats Pvt. Ltd. (India)
• Yantai Wanhua Synthetic Leather Group Co. Ltd. (China)

"PU-based leather is the largest type for synthetic leather market in 2019"
PU-based leather is generally made using PU and different fabrics. It is made by coating a fabric such as polyester or cotton with a flexible polymer. It is further treated by various processes to look like animal hide-based leather. PU-based synthetic leather is made by using soft polymers, hence does not require additional plasticizers.

"Footwear is estimated to be the largest end-use industry in synthetic leather market between 2020 and 2025."
Synthetic leather is widely used in the footwear industry due to its excellent properties and high durability. It is used in shoe linings, shoe uppers, and insoles to make different types of footwear such as sports shoes, shoes & boots, and sandals & slippers. The increasing demand for footwear in developed and emerging countries is expected to drive the demand for synthetic leather.

"APAC is expected to be the largest synthetic leather market during the forecast period, in terms of value and volume."
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The synthetic leather industry is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world's population, and the manufacturing and processing sectors are growing rapidly in the region.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
• By Designation: C-Level - 46%, Director Level - 25%, and Others - 29%
• By Region: North America - 27%, Europe - 27%, APAC - 33%, South America - 7%, and Middle East & Africa - 6%

Research Coverage:
This report segments the market for synthetic leather on the basis of type, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for synthetic leather.

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This release was published on openPR.