Synthetic Leather Market Segmentation and Major Key Player's Analysis till 2031
Transparency Market Research delivers key insights on the global synthetic leather market. In terms of revenue, the global synthetic leather market is estimated to expand at a CAGR of 7.23% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global synthetic leather market.
Get A Complete Report Details - https://www.transparencymarketresearch.com/synthetic-leather-market.html
The global synthetic leather market is broadly affected by several factors, including rise in usage of synthetic leather in footwear, furnishing, interior, automobiles, sporting goods, garments, and luxury goods products. Increase in demand for synthetic leather in footwear is propelling the global synthetic leather market. Synthetic leather is widely used in industries such as footwear, automobiles, furnishing, sporting goods, and garments.
Genuine leather and synthetic leather undergo chemical processing. Both these materials are not degradable easily. Leather is a by-product; the main sources of raw material for leather industry worldwide are cattle (including buffalo), sheep, goat, and pigs, which are reared specifically for the production of meat, wool, and dairy products. Hides and skins from other species account for a small percentage of the global leather production. Typically, the value of hides and skins represents in the region of 5% to 10% of the market value of an animal. Synthetic leather is now replacing leather considering concerns about animal cruelty.
Synthetic Leather Market: Dynamics
The rise in demand for footwear, automobiles, furnishing, and garments is expected to drive the synthetic leather market in the near future. The potential concern is regarding the raw material. Polyvinylchloride and polyurethane are commonly used as raw materials for synthetic materials. Polyvinylchloride has harmful effects on humans, as it can be toxic. It may cause severe health issues including cancer, hormone disruption, and damage to the immune system.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=22364
Increase in vegan population is driving the trend toward synthetic leather due to its material source. Many companies are now avoiding the usage of animal sources for the production of leather. Generally, synthetic leather is made by wet coagulation or dry coagulation and the transfer coating process. It is quite difficult to differentiate between genuine and synthetic leather. Synthetic leather is typically cheaper and affordable than genuine leather. It is glossier and has matte finish than genuine leather. It does not fade easily and is UV resistant as well. The major and most important difference is that it is not made from animal hide and skin.
Synthetic Leather Market: Prominent Regions
Based on region, the global synthetic leather market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global synthetic leather market in 2020. The region is expected to maintain its dominance during the forecast period.
In Asia Pacific, demand for synthetic leather is high in various industries such as automobiles, footwear, furnishing, garments. China, Japan, and India are spearheading the functional food production in Asia Pacific. These countries are considered leading consumers of synthetic leather that is used in automobiles and footwear and furnishing product segments.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=22364
Synthetic Leather Market: Key Players
The global synthetic leather market is fragmented with the presence of a large number of players. Key players operating in the global synthetic leather market are Asahi Kasei Corporation, Kuraray Co. Ltd, San Fang Chemical Industry Co., Ltd., Achilles USA, Inc., Teijin Limited, Nan Ya Plastics Corporation Inc., FILWEL Co., Ltd., H.R.Polycoats Pvt. Ltd., Alfatex Italia SRL, Zhejiang Hexin Holdings Co., Ltd, Toray Industries, Mayur Uniquoters Limited, and FUJIAN POLYTECH TECHNOLOGY CORP., LTD.
Global Synthetic Leather Market: Segmentation
Synthetic Leather Market, by Type
Synthetic Leather Market, by End-user
Couches & Sofas
Interior Décor & Surfacing
Others (including Industrial)
More Trending Reports by Transparency Market Research -
Gel Polymer Electrolytes Market - https://www.globenewswire.com/news-release/2022/06/06/2456763/0/en/Gel-Polymer-Electrolytes-Market-to-Reach-US-18-1-Mn-by-2031-Finds-TMR-Study.html
Coil Coatings Market - https://www.prnewswire.com/news-releases/coil-coatings-market-is-projected-to-be-valued-at-over-us-9-4-billion-by-2031-tmr-study-301577616.html
Bio-based Phenol Market - https://www.prnewswire.com/news-releases/bio-based-phenol-market-is-predicted-to-expand-at-a-cagr-of-5-5-during-the-forecast-period-notes-tmr-study-301573316.html
Bio Alcohol Market - https://www.transparencymarketresearch.com/bio-alcohol-market.html
Synthetic Rubber Market - https://www.transparencymarketresearch.com/synthetic-rubber-market.html
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic Leather Market Segmentation and Major Key Player's Analysis till 2031 here
News-ID: 2708364 • Views: 57
More Releases from Transparency Market Research
New Energy Vehicle (NEV) Market Insights, Overview, Analysis and Forecast 2026
New energy vehicle (NEV) is term coined in China for electric vehicles, which includes vehicles that are either partially or fully powered by electricity. New energy vehicles are zero or low emission vehicles, which include battery operated electric vehicles, plug-in hybrid vehicles, hybrid vehicles and fuel-cell vehicles. NEVs do not emit exhaust gases, unlike conventional IC engine vehicles that emitted exhaust gases, comprising constitute carbon monoxide, hydrocarbons, particulates matter, and
Orthopedic Navigation Systems Market Set to Grow According to Forecasts 2021 - 2 …
Orthopedic Navigation Systems Market: Introduction According to the report, the global orthopedic navigation systems market was valued at US$ 299.2 Mn in 2020. It is projected to expand at a CAGR of 4.3% from 2021 to 2031. Orthopedic navigation systems are being developed with the goal of analyzing pre-, intra-, and/or postoperative data in many modalities and providing an augmented reality 3-D visualization environment to enhance surgical orthopedic operation clinical results. Read
Intravascular Ultrasound [IVUS] Devices Market Analysis of Current Trends and Fu …
Intravascular Ultrasound (IVUS) Devices Market: Introduction According to the report, the global intravascular ultrasound (IVUS) devices market was valued at ~US$ 600 Mn in 2020. It is projected to expand at a CAGR of ~7% from 2021 to 2031. IVUS devices are used to assess vessel/lumen diameter and lesion length. It helps to determine the amount of plaque buildup in a vessel and its composition. It is further used to ensure
Medical Waste Management Market: Latest Trends and Future Growth Study by 2028
Medical Waste Management Market: Overview According to the report, the global medical waste management market was valued at US$ 15.3 Bn in 2020 and is projected to expand at a CAGR of 6.2% from 2021 to 2028. Medical waste is waste generated from healthcare and medical facilities. The release of biological hazards and chemical gases into environment can have disastrous effects on the wellbeing and health of general population. Read Report Overview
More Releases for Synthetic
Global Synthetic Dye and Pigment Market, Global Synthetic Dye and Pigment Indust …
The synthetic dyes and pigments market entails of the sales of synthetic dyes and pigments by several entities (organizations, sole traders or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (excluding electrostatic and photographic). Pigments that are gained from natural minerals as well as synthetic pigments are comprised in this market. Artificial food-coloring is also comprised in this market. Synthetic dyes and pigments
Synthetic Camphor Market
Research Dive has added a new report on the global synthetic camphor market to its repository. According to the report, the global synthetic camphor market is anticipated to hit $448.1 million by rising at a CAGR of 5.9% from 2019 to 2027. This report highlights various the important factors of the market such as key market segments, market dynamics & statistics, boomers, restraints, market players, and investment opportunities. It is
Synthetic Spider Silk Market
Market Overview: Synthetic spider silk is an alternative to the conventional spider silk replicating the latter’s features such as energy-absorbent nature, elasticity and strength. Water content in synthetic spider silk amounts up to 98%. Synthetic spider silk is made from hydrogel, which comprises of 98% of water and 2% of silica and cellulose. Synthetic spider silk is weaker compared to its natural counterpart, however, they are far stronger compared to other
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Synthetic Diamond Market | Key Players - Include Element Six (E6), Applied Diamo …
As per the current market trends and the promising nature of the Global Synthetic Diamond Market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various
Non-tire Synthetic Market Report 2018: Segmentation by Product (AAA Non-tire Syn …
Global Non-tire Synthetic market research report provides company profile for NKNH, Lion Elastomers, JSR, Zeon, Kraton, TSRC, Lanxess, KUMHO Petrochemical, Exxon Mobil, Goodyear, Polimeri Eruopa, Sibur and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,