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Athleisure Trend Fuels Growth In The Synthetic Leather Market: A Key Driver Powering Synthetic Leather/Artificial Leather Market Growth In 2025
Synthetic Leather/Artificial Leather
What Is the Current Synthetic Leather/Artificial Leather Market Size and Its Estimated Growth Rate?
The Synthetic Leather/Artificial Leather Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Synthetic Leather/Artificial Leather Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Synthetic Leather/Artificial Leather Market Landscape?
The synthetic leather/artificial leather market covered in this report is segmented -
1) By Type: Polyurethane (PU)-Based, Polyvinyl Chloride (PVC)-Based, Bio-Based
2) By Grade: High-Grade, Mid-Grade
3) By Application: Footwear, Furnishing, Automotive, Clothing, Bags, Purses And Wallets
Subsegments:
1) By Polyurethane (PU)-Based: Flexible PU Leather, Rigid PU Leather
2) By Polyvinyl Chloride (PVC)-Based: Rigid PVC Leather, Flexible PVC Leather
3) By Bio-Based: Plant-Based Leather, Other Bio-Based Materials
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Which Growth Factors Are Influencing Synthetic Leather/Artificial Leather Market Expansion?
As the automotive sector expands, it positively impacts the growth trajectory of the synthetic leather/artificial leather market. This industry comprises businesses that handle the design, development, manufacturing, marketing, and selling of automotive vehicles. A notable surge in the automotive sector can be attributed to factors such as the mounting demand for electric and hybrid vehicles, and increased consumer income combined with variety in financing options. Although synthetic leather/ artificial leather is primarily used in the medical field, its fundamental technologies such as precise sensors, data monitoring, and automation also prove to be beneficial in the automotive sector. For example, according to automotive statistics in September 2024, there was a 10% rise in UK passengers car sales to 275,239 units in 2024. Therefore, the synthetic leather/artificial leather market is likely to be driven by the growing automotive industry.
Who Are the Dominant Players Across Different Synthetic Leather/Artificial Leather Market Segments?
Major companies operating in the synthetic leather/artificial leather market include H. R. Polycoats Pvt. Ltd., Kuraray Co. Ltd., Alfatex Italia SRL, Yantai Wanhua Synthetic Leather Group Co. Ltd., San Fang Chemical Industry Co. Ltd., Filwel Co. Ltd., Nan Ya Plastics Corporation, Teijin Limited, Zhejiang Hexin Industry Group Co. Ltd., Jiaxing Hexin Chemical Industry Co. Ltd., Kunshan Xiefu New Material Co. Ltd., Huafeng Co. Ltd., Xiamen Hongxin Microfiber Materials Co. Ltd., Fujian Huayang Co. Ltd., Sanling Microfiber Leather Co. Ltd., Wenzhou Hongdeli Synthetic Leather Co. Ltd., Mayur Uniquoters Limited, Anhui Anli Material Technology Co. Ltd., Winner Nippon Leatherette Pvt. Ltd., Nanjing Wanlida Technology Co. Ltd., M. Zellner GmbH, Ecopell GmbH, FORTIS Tomasz Jakubow e.K., Franz Seiler GmbH, Guangzhou Xinjin Plastics Co. Ltd., Hofert GmbH
What Are the Latest Developing Trends in the Synthetic Leather/Artificial Leather Market?
The principal trend gaining momentum in the synthetic leather/artificial leather market is product innovation. Various companies involved in the synthetic leather/artificial leather market are paying attention to the advancement of ground-breaking artificial leather with the aim of broadening its use in multiple sectors. For example, in April 2023, General Silicones, a silicone product producer based in Taiwan, released their Compo-SiL (SL series) silicone vegan leather items. These have been specifically designed for companies manufacturing consumer products such as bags, backpacks, footwear, wallets, belts, book covers and bindings, and are in need of vegan leather materials that come with a factory-prepared fabric lining. The assortment of leather surface textures available for selection under the SL series includes stripes, matte, lambskin, calf, and bovine. The exclusive properties of silicone rubber and Compo-SiL technology present several advantages to manufacturers seeking an excellent source of PETA-approved vegan leather, compared to traditional leather goods.
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Which Geographic Regions Are Expected to Dominate the Synthetic Leather/Artificial Leather Market in the Coming Years?
Asia-Pacific was the largest region in the synthetic leather/artificial leather market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global synthetic leather/artificial leather market report during the forecast period. The regions covered in the synthetic leather/artificial leather market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Synthetic Leather/Artificial Leather Market?
2. What is the CAGR expected in the Synthetic Leather/Artificial Leather Market?
3. What Are the Key Innovations Transforming the Synthetic Leather/Artificial Leather Industry?
4. Which Region Is Leading the Synthetic Leather/Artificial Leather Market?
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