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Global Synthetic Leather Market to Attain a Valuation of USD 63 Billion By 2030 | Infinium Global Research
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Market Insight:
The global synthetic leather market, valued at over USD 33 billion in 2022, is projected to climb to nearly USD 63 billion by 2030, exhibiting a strong CAGR of more than 7% during the forecast period 2023-2030.
Synthetic leather, also known as artificial leather, is a man-made product often crafted from Polyvinyl chloride (PVC) or Polyurethane (PU). With properties such as easy maintenance, high strength, UV resistance, ductility, and a high gloss finish, synthetic leather closely mimics the characteristics of natural leather. It finds extensive use in footwear, upholstery, automobile interiors, clothing, interior design, and décor, providing a desirable leather-like feel.
Market Dynamics:
The market growth is propelled by increased awareness regarding animal cruelty, driving the demand for synthetic leather alternatives. Rising disposable incomes contribute to the growing demand for luxury goods, further boosting market expansion. Additionally, the advantages of synthetic leather over natural leather and its increased demand in the footwear industry are key factors fueling global market growth. However, high taxes and import duties act as restraints, while the growing focus on developing bio-based leather presents a lucrative opportunity for the market.
Regional Analysis:
The global synthetic leather market is segmented into key regions: Asia-Pacific, Europe, Latin America, and the Rest of the World. Asia-Pacific dominates the market, with China, India, and South Korea showcasing the fastest-growing economies in the region. However, the coronavirus pandemic has significantly impacted manufacturing operations, supply chains, and transportation, potentially affecting synthetic leather demand in the near future.
Segmentation and Key Players:
The report segments the global synthetic leather market based on end-user industries (footwear, automotive, clothing, purses & wallets, furnishing, and others) and types (PU-based, PVC-based, and bio-based). It also offers comprehensive profiles of key market players like LA FAB RIVIERA, TEIJIN LIMITED, KURARAY CO., LTD., and others, highlighting their significant roles in shaping the synthetic leather market landscape.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Synthetic Leather Market Highlights
2.2. Synthetic Leather Market Projection
2.3. Synthetic Leather Market Regional Highlights
Chapter 3. Global Synthetic Leather Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by End User Industry
3.4.2. IGR-Growth Matrix Analysis by Type
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Synthetic Leather Market
Chapter 4. Synthetic Leather Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Synthetic Leather Market
5.2. Companies Profiles
5.2.1. LA FAB RIVIERA
5.2.2. KURARAY CO., LTD.
5.2.3. TEIJIN LIMITED
5.2.4. H.R. Polycoats Private Limited
5.2.5. Alfatex Italia Srl
5.2.6. FILWEL Co., Ltd.
5.2.7. Nanya Plastic Industry (Guangzhou) Co., Ltd.
5.2.8. Gruppo Mastrotto spa
5.2.9. Vortex Flex Pvt. Ltd.
5.2.10. TORAY INDUSTRIES, INC.
Chapter 6. Global Synthetic Leather Market by End User Industry
6.1. Footwear
6.2. Automotive
6.3. Clothing
6.4. Purses & Wallets
6.5. Furnishing
6.6. Others
Chapter 7. Global Synthetic Leather Market by Type
7.1. PU-based
7.2. PVC-based
7.3. Bio-based
Chapter 8. Global Synthetic Leather Market by Region 2023-2030
8.1. North America
8.1.1. North America Synthetic Leather Market by End User Industry
8.1.2. North America Synthetic Leather Market by Type
8.1.3. North America Synthetic Leather Market by Country
8.1.3.1. The U.S. Synthetic Leather Market
8.1.3.1.1. The U.S. Synthetic Leather Market by End User Industry
8.1.3.1.2. The U.S. Synthetic Leather Market by Type
8.1.3.2. Canada Synthetic Leather Market
8.1.3.2.1. Canada Synthetic Leather Market by End User Industry
8.1.3.2.2. Canada Synthetic Leather Market by Type
8.1.3.3. Mexico Synthetic Leather Market
8.1.3.3.1. Mexico Synthetic Leather Market by End User Industry
8.1.3.3.2. Mexico Synthetic Leather Market by Type
8.2. Europe
8.2.1. Europe Synthetic Leather Market by End User Industry
8.2.2. Europe Synthetic Leather Market by Type
8.2.3. Europe Synthetic Leather Market by Country
8.2.3.1. Germany Synthetic Leather Market
8.2.3.1.1. Germany Synthetic Leather Market by End User Industry
8.2.3.1.2. Germany Synthetic Leather Market by Type
8.2.3.2. United Kingdom Synthetic Leather Market
8.2.3.2.1. United Kingdom Synthetic Leather Market by End User Industry
8.2.3.2.2. United Kingdom Synthetic Leather Market by Type
8.2.3.3. France Synthetic Leather Market
8.2.3.3.1. France Synthetic Leather Market by End User Industry
8.2.3.3.2. France Synthetic Leather Market by Type
8.2.3.4. Italy Synthetic Leather Market
8.2.3.4.1. Italy Synthetic Leather Market by End User Industry
8.2.3.4.2. Italy Synthetic Leather Market by Type
8.2.3.5. Rest of Europe Synthetic Leather Market
8.2.3.5.1. Rest of Europe Synthetic Leather Market by End User Industry
8.2.3.5.2. Rest of Europe Synthetic Leather Market by Type
8.3. Asia Pacific
8.3.1. Asia Pacific Synthetic Leather Market by End User Industry
8.3.2. Asia Pacific Synthetic Leather Market by Type
8.3.3. Asia Pacific Synthetic Leather Market by Country
8.3.3.1. China Synthetic Leather Market
8.3.3.1.1. China Synthetic Leather Market by End User Industry
8.3.3.1.2. China Synthetic Leather Market by Type
8.3.3.2. Japan Synthetic Leather Market
8.3.3.2.1. Japan Synthetic Leather Market by End User Industry
8.3.3.2.2. Japan Synthetic Leather Market by Type
8.3.3.3. India Synthetic Leather Market
8.3.3.3.1. India Synthetic Leather Market by End User Industry
8.3.3.3.2. India Synthetic Leather Market by Type
8.3.3.4. South Korea Synthetic Leather Market
8.3.3.4.1. South Korea Synthetic Leather Market by End User Industry
8.3.3.4.2. South Korea Synthetic Leather Market by Type
8.3.3.5. Australia Synthetic Leather Market
8.3.3.5.1. Australia Synthetic Leather Market by End User Industry
8.3.3.5.2. Australia Synthetic Leather Market by Type
8.3.3.6. Rest of Asia-Pacific Synthetic Leather Market
8.3.3.6.1. Rest of Asia-Pacific Synthetic Leather Market by End User Industry
8.3.3.6.2. Rest of Asia-Pacific Synthetic Leather Market by Type
8.4. RoW
8.4.1. RoW Synthetic Leather Market by End User Industry
8.4.2. RoW Synthetic Leather Market by Type
8.4.3. RoW Synthetic Leather Market by Sub-region
8.4.3.1. Latin America Synthetic Leather Market
8.4.3.1.1. Latin America Synthetic Leather Market by End User Industry
8.4.3.1.2. Latin America Synthetic Leather Market by Type
8.4.3.2. Middle East Synthetic Leather Market
8.4.3.2.1. Middle East Synthetic Leather Market by End User Industry
8.4.3.2.2. Middle East Synthetic Leather Market by Type
8.4.3.3. Africa Synthetic Leather Market
8.4.3.3.1. Africa Synthetic Leather Market by End User Industry
8.4.3.3.2. Africa Synthetic Leather Market by Type
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of synthetic leather.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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