Synthetic Leathers Market to Witness an Outstanding Growth by 2024

Subtitle: The Synthetic Leathers Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Synthetic Leathers Market: Dynamics

Synthetic leather is a cost effective alternative for real or genuine leathers used across various end-use industries such as automotive, footwear, building & construction, general clothing and packaging. Upsurge in demand for different end-use products and strict government regulations regarding animal survival are the crucial factors boosting the demand for synthetic leathers, which in turn, propel the overall growth of global synthetic leathers market. Also, the superior characteristics of synthetic leathers over real or genuine leathers such as low cost, lightweight, ease of dyeing & washing, and more consistent color & texture throughout, is pumping its growth in the global market. Development of various efficient technologies such as microfiber technology is further adding to the growth of global synthetic leather market.

Cracks may appear on the faux leather, since it is susceptible to UV-B rays as these rays affect the molecular structure of faux leather, which results in cracks on the surface of the leather. This is one of the main restraints of the global synthetic leathers market.

The durability and actual feel of real or genuine leather cannot be achieved with synthetic leather, hence real leather still have significant share in the global leathers market.

Global Synthetic Leathers Market: Segmentation

The global synthetic leathers market can be segmented on the basis of type and end use applications. On the basis of type, global synthetic leathers market can be segmented into polyurethane based synthetic leathers, polyvinylchloride based synthetic leather, and polyester- polyol based synthetic leathers. On the basis of end use applications, global synthetic leathers market can be segmented into automotive leather fabrics, footwear, upholstery & building materials, general clothing, sports equipment, cover & packaging, medical materials, and other leather goods (stationery, toys, etc.).

Global Synthetic Leathers Market: Region-wise Outlook

Asia-Pacific is expected to remain the key region in the global synthetic leathers market throughout the forecast period. Asia-Pacific is expected to witness relatively fast growth owing to the government regulations against the production of genuine leather from living things.

Global Synthetic Leathers Market: Market Participants

Examples of some of the key players involved in the manufacture of synthetic leathers include Phlox Tekstil San. Ve Tic. Inc., BioAmber Inc., Filwel Co. Ltd., NAN YA Plastics Industrial Co., Ltd., Mayur Uniquoters Limited, San Fang Chemical Industry Co., Ltd., Kuraray Co. Ltd., The Mitchell Group, Kolon Industries, Inc., among others.

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