Global Synthetic Leather (Artificial Leather) Market Is Anticipated to Reach US$ 22630 million by 2029, growing at a CAGR of 4.2% During 2023-2039

Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.

Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. PU Synthetic Leather is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, PU Synthetic Leather can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.

The Synthetic Leather (Artificial Leather) market covers PVC, Normal PU, Microfiber PU, Ecological function PU, etc. The typical players include Kuraray, Toray, Teijin, Covestro (Bayer), Shian Microfiber, Zhejiang Haobo (Wangkang Group), Asahi Kasei, Duksung, etc.

The global Synthetic Leather (Artificial Leather) market size is expected to reach US$ 22630 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Synthetic Leather (Artificial Leather) in various end use industries. The expanding demands from the Footwear, Apparel & Accessories, Furnishing and Automotive, are propelling Synthetic Leather (Artificial Leather) market. PVC, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Normal PU segment is estimated at % CAGR for the next seven-year period.

The market for synthetic leather (synthetic leather) is very fragmented. The main suppliers are Toray, Kuraray, medium Imitation Leather etc. Top 5 manufacturers accounted for 10% of global revenue.Asia-Pacific is the largest market with about 55% market share. Europe is follower, accounting for about 27% market share.In terms of product, normal PU is the largest segment, with a share over 40%. And in terms of application, the largest application is apparel & accessories, followed by furnishing.

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Report Objectives

This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Synthetic Leather (Artificial Leather), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Synthetic Leather (Artificial Leather) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Synthetic Leather (Artificial Leather) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Synthetic Leather (Artificial Leather) sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Synthetic Leather (Artificial Leather) covered in this report include Kuraray, Toray, Teijin, Covestro (Bayer), Shian Microfiber, Zhejiang Haobo (Wangkang Group), Asahi Kasei, Duksung and Daewon Chemical, etc.

The global Synthetic Leather (Artificial Leather) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

Kuraray

Toray

Teijin

Covestro (Bayer)

Shian Microfiber

Zhejiang Haobo (Wangkang Group)

Asahi Kasei

Duksung

Daewon Chemical

Filwel

Kolon

San Fang Chemical

Nanya

Wenzhou Imitation Leather

Anhui Anli

Fujian Tianshou

Vulcaflex

Yantai Wanhua

Shandong Tongda

Hexin Holdings

Xiefu new materials

Huafon Microfibre

Double Elephant

Fujian Topsun

Benecke-Kaliko

Kyowa

Archilles

CGT

Mayur Uniquoters

Global Synthetic Leather (Artificial Leather) market, by region:

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Synthetic Leather (Artificial Leather) market, Segment by Type:

PVC

Normal PU

Microfiber PU

Ecological function PU

Global Synthetic Leather (Artificial Leather) market, by Application

Footwear

Apparel & Accessories

Furnishing

Automotive

Sports Goods

Bags

Others

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Two: Detailed analysis of Synthetic Leather (Artificial Leather) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Synthetic Leather (Artificial Leather) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.

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