Press release
Synthetic Leather Market reached a value of US $ 68.36 Bn. in 2029. China Semiconductor Market size is estimated to grow at a CAGR of 4.54%.
Synthetic Leather Market
The report covers the comprehensive scope of the Synthetic Leather Market, including its applications in upholstery, clothing, footwear, fabrics, and more. It discusses various names under which synthetic leather is marketed, such as leatherette, vegan leather, faux leather, PU leather, and pleather. The report also highlights the global acceptance of synthetic leather due to its cost-effectiveness and ethical advantages over genuine leather.
Our research methodology includes thorough data collection and analysis. We focus on key factors like the development of bio-based synthetic leather, government initiatives for sustainability in the leather and footwear sector, and segment analysis to provide a holistic understanding of the market.
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Synthetic Leather Market Dynamics:
The demand for Synthetic Leather is surging, driven by the growth of end-use industries in emerging economies. Factors such as urbanization, evolving lifestyles, and increased disposable income have led to greater demand across various sectors, including paper, construction, textile, transportation, and consumer durables. Synthetic Leather is increasingly used in products such as paints, coatings, adhesives, and sealants in these industries.
The severe environmental rules have a significant impact on the manufacture of bio-based leather. The regulatory organisations support bio-based or vegan leather. Synthetic leather is made from toxic raw ingredients including polyurethane (PU) and polyvinyl chloride (PVC), which are detrimental to both human and animal health. The development of bio-based leather is anticipated to follow. Unlike PU/PVC-based leather, the manufacture of bio-based leather does not involve any negative side effects. The production of bio-based leather utilising natural fibres like flax or blended cotton fibres is a focus for major companies.
Synthetic Leather Market Regional Insights:
Asia Pacific dominates the Synthetic Leather Market, driven by its high population growth and innovative technology development. China is the largest leather-producing country, while India's leather industry accounts for around 13% of the world's leather production. Tamil Nadu is India's largest leather-producing state, contributing more than 40% to the country's total production.
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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:
1. Global Synthetic Leather Market : Research Methodology
2. 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
3. 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
4. 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 | 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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