Surging Demand Propels the Artificial Leather Market Towards a Projected Value of US$ 40.8 Billion by 2030

Artificial Leather is used in automotive industry due to its high durability and premium texture. Artificial Leather is used in various parts of a vehicle including steering wheel covers, door trims, knob covers, gear boot, sun visors, hoods, roof lining, and others. Artificial Leather is used across cars, trucks, buses, motorcycles, agricultural vehicles, and others. The high elasticity of Artificial Leather makes them extremely comfortable coupled with resistance towards hot and cold temperatures, alcohol, stains, and water makes them very durable and lowers the maintenance cost. The PVC vinyl fabric for seat upholstery is one of the most widely used material in the automotive industry.

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The global Artificial Leather market size is estimated to be worth US$ 30370 million in 2022 and is forecast to a readjusted size of USD 40800 million by 2030 with a CAGR of 4.3% during review period. The automotive industry is growing at a significant rate during the past few years coupled with the growth of the e-vehicles in recent years. Automotive market has a significant growth rate in the Asia-Pacific region. The automotive market in Asia Pacific is one of the fastest growing sectors in recent years and which is expected to dominate the market during the next 10 years. Moreover, the reduction of harmful emissions to provide protection to the environment, increase safety and comfort coupled with more economical and fuel-efficient vehicles are some of the major trends that runs through the automotive market in Asia Pacific.

Artificial Leather is used to provide dashboard linings, gear boot, roof linings, and other parts, due to its high wear resistant and durability, are used across heavy vehicles and carriers, passenger vehicles, bikes, and other locomotives. Additionally, the growth of autonomous or e-vehicles is further expected to boost the Artificial Leather market. For instance, 61% of the consumers in China and 48% in Japan, are likely prefer a hybrid-electric or a battery-electric transportation medium in their next vehicle. However, increase in consumption for petrol and diesel-based vehicle is still expected to propel the automotive market in the coming years. Thus, increasing demand for Artificial Leather in the fast-growing automotive industry is likely to drive the growth of the Artificial Leather market revenue.

Profitable players of the Artificial Leather market are:

• Kuraray
• Toray
• Teijin
• Bayer
• Favini
• Sappi
• Asahi Kansei
• Ducksung
• DAEWON Chemical
• Filwel
• Kolon
• Sanfang
• Nanya
• Wenzhou Imitation Leather
• Anhui Anli
• Fujian Tianshou
• Shandong Jinfeng
• Yantai Wanhua
• Shandong Tongda
• Jiaxing Hexin
• Kunshan Xiefu
• Huafon Group
• Wenzhou Huanghe
• Meisheng Industrial
• Xiamen Hongxin
• Fujian Huayang
• Sanling
• Hongdeli
• Shandong Friendship
• Wangkang Group

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Product types of the Artificial Leather industry are:

• Polyurethane
• Polyvinyl Chloride
• Bio-Based

Applications of this report are:

• Footwear
• Clothing
• Furnishing
• Automotive
• Bags
• Others

Accomplishing best results in the business becomes easy with this effective Artificial Leather Market study report. It becomes easy to handle business operations and attract more consumers. It helps business players to identify business risks and moving ahead in the business. Important market aspects are covered in this Artificial Leather Market report to help newly entering key players to survive in the competitive marketplace. Experimenting with more consumers is easy with this Market report as it captures all the latest updates regarding market expansion. Improving product launch helps business owners to survive in the long run.

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Essential regions of the Artificial Leather market are:

• Artificial Leather North America Market includes (Canada, Mexico, USA)
• Artificial Leather Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Artificial Leather Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Artificial Leather South America Market includes (Brazil, Argentina)

Global Artificial Leather Market Research FAQs

• What is the study period of this market?
• What is the growth rate of Artificial Leather Market?
• What is Artificial Leather Market size?
• Which region has highest growth rate in Artificial Leather Market?
• Which region has largest share in Artificial Leather Market?
• Who are the key players in Artificial Leather Market?

The Artificial Leather market research report contains the following TOC:
1 Report Overview
1.1 Study Scope
2 Global Growth Trends
2.1 Global Artificial Leather Market Perspective (2017-2030)
2.2 Growth Trends by Regions
2.3 Global Industry Dynamic
3 Competition Landscape by Key Players
3.1 Global Top Players by Revenue
3.2 Global Artificial Leather Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Artificial Leather Revenue
4 Global Breakdown Data by Provider
4.1 Historic Artificial Leather Market Size by Provider (2017-2023)
4.2 Forecasted Artificial Leather Market Size by Provider (2023-2030)
5 Breakdown Data by End User
5.1 Historic Artificial Leather Market Size by End User (2017-2023)
5.2 Forecasted Artificial Leather Market Size by End User (2023-2030)
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix…

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