Press release
Faux Leather Market Size, Share, Forecast Report 2024-2032
Faux Leather Market
Faux leather, also referred to as synthetic leather, artificial leather, or vegan leather, is an artificial material designed to mimic the aesthetic and texture of authentic leather. These materials are typically produced from a combination of synthetic components, including polyvinyl chloride (PVC) or polyurethane (PU), and natural materials, such as cork or kelp. Advancements and innovations have also contributed to making vegan leather more durable and versatile and suitable for a wide range of applications, further driving the market growth.
During the COVID-19 pandemic, the market growth experienced disruptions in the logistic network due to lockdowns, movement restrictions, and factory closures. This led to halt in production and distribution, affecting the availability of vegan leather products.
Fortune Business Insightsโข displays this information in a report titled, "Faux Leather Market, 2024-2032."
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/faux-leather-market-109844
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐๐ฎ๐ฑ ๐๐๐๐ญ๐ก๐๐ซ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โฃ Anli (Vietnam) Material Technology Company Limited (Vietnam)
โฃ BASF (Germany)
โฃ Adams Plastics (U.S.)
โฃ Konrad Hornschuch AG (Germany)
โฃ Penche Faux Leather (Turkey)
โฃ Bridge Synthetic Leather Co., Ltd. (China)
โฃ Hantron Plastic Products Co., Ltd. (China)
โฃ Responsive Industries Ltd. (India)
โฃ Supreme Creations Ltd. (India)
โฃ ISA Industrial Ltd. (China)
โฃ Antilotex Flock Italia S.r.l. (Italy)
โฃ Giriraj Coated Fab PVT. LTD. (India)
โฃ WENZHOU DONGSHANG INTERNATIONAL TRADE CO., LTD. (China)
โฃ Taiwan PU Corporation (China)
โฃ McLaren Leather (China)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: ๐ ๐๐ฎ๐ฑ ๐๐๐๐ญ๐ก๐๐ซ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Use of PU-based Leather Alternatives Increases Due to their Cost-Effectiveness and Resilience
Based on type, the market is segmented into PU (Polyurethane), PVC (Polyvinyl Chloride), and bio-based. PU (Polyurethane) is anticipated to dominate the market, primarily due to its cost-effectiveness and resilience. PU-based leather alternatives are generally more economical than authentic leather products.
Footwear Segment Leads Market Due to Long-lasting Performance Provided by Vegan Leather
Based on application, the market is divided into footwear, automotive, furniture and others. The footwear segment is projected to lead the market during the forecast period. Premium vegan leather offers durability and resilience comparable to genuine leather, withstanding daily wear and tear. It ensures sustained performance and enduring aesthetics, which are crucial for footwear.
With respect to region, the market covers Asia Pacific, North America, Europe, South America, and the Middle East & Africa.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/faux-leather-market-109844
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report includes:
โฃ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โฃ Comprehensive insights into regional developments.
โฃ List of major industry players.
โฃ Key strategies adopted by the market players.
โฃ Recent industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ
Increasing Concerns About Animal Cruelty in Fashion and Textile Industries to Drive Market Growth
Vegan leather offers a cruelty-free alternative to traditional leather, addressing ethical concerns surrounding animal welfare in the production process. The use of animal hides in genuine leather manufacturing raises concerns about animal welfare, including issues such as slaughter practices, factory farming, and animal mistreatment. As awareness of animal welfare issues grows, consumers are increasingly aligning their purchasing decisions with their ethical values, preferring to support brands prioritizing animal welfare and sustainability. This shift has led to greater transparency and accountability within the fashion and textile industries, driving the market development.
However, the preference for genuine leather, driven by the belief that it offers high quality, durability, and acts as a status symbol, can cause consumers to overlook synthetic leather options, thereby impeding the faux leather market growth.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐ ๐๐จ๐ฐ:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/faux-leather-market-109844
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
North America Dominates Market Due to Surge in Demand for Vegan Leather Products
North America is poised to lead the global faux leather market share with 32.74%. There has been a notable surge in the demand for vegan leather products in countries, such as Canada, the U.S., and Mexico. Additionally, the proliferation of e-commerce platforms in North America has significantly increased consumer access to synthetic leather goods online.
Asia Pacific is expected to dominate the faux leather market. Artificial leather goods, including shoes, handbags, and accessories, are being increasingly viewed as fashionable and cost-effective substitutes for authentic leather products. This perception aligns with the rising demand for faux leather from the style-conscious urban demographic in Asia Pacific, who are seeking trendy yet budget-friendly choices.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Companies to Focus On New Product Launches to Stay Ahead of Market Competition
Some of the key players operating in this market are focusing on expanding their existing product portfolio and customer base by launching novel faux leather products. They are also entering partnership, collaboration, and acquisition deals with other organizations to enhance their existing product range.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Synthetic Leather Market
https://www.fortunebusinessinsights.com/synthetic-leather-market-108674
Leather Goods Market
https://www.fortunebusinessinsights.com/leather-goods-market-104405
Automotive Interior Market
https://www.fortunebusinessinsights.com/automotive-interior-leather-market-105776
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
April 2023: Rashki, a highly renowned sustainable fashion label, partnered with Atma Leather, an Indian manufacturer of vegan leather, to introduce India's pioneering plant-based accessory, the 'banana leather handbag'.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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