Synthetic Leather Market Size, Trends, Analysis Led by Europe to Hit $208.81 Bn

Study on Synthetic Leather Market shows that current size, market trends, deep analysis due to Europe has 39% market share globally that will achieve $208.81 billion.

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The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (50%) and other (13%) companies were contacted for interviews. The interviews were conducted on Synthetic Leather with various key people such as C level (50%), Director Level (31%) and other (19%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (32%), Europe (39%), Asia-Pacific (13%), the Middle East & Africa (10%), and South America (6%).
PU-based synthetic leather is expected to witness the highest growth rate from2016 to2026. PU-based synthetic leather is made with the use of soft polymers; hence it does not require additional plasticizers. It offers many advantages such as, it is waterproof, lighter than real leather, and is comparatively soft. In some cases, the PU-based leather may tear easily, but it does not fade or crack due to exposure to sunlight. It is widely preferred in the automotive and clothing industries. Polyurethane leather is considered more environment friendly as compared to vinyl based leather, as it does not create dioxins. PU-based leather is more expensive than PVC-based leather, due to the extensive manufacturing process required.
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Some of the major companies profiled in this report are
1. Kuraray Co. Ltd. (Japan),
2. San Fang Chemical Industry Co. Ltd (Taiwan),
3. Teijin Limited (Japan),
4. Mayur Uniquoters Ltd. (India),
5. Nan Ya Plastics Co. Ltd. (Taiwan),
6. Filwel Co. Ltd. (Japan),
7. Zhejiang Hexin Industry Group Co., Ltd. (China),
8. Alfatex (Italy),
9. H.R. Polycoats Pvt. Ltd. (India), and Yantai Wanhua Synthetic Leather Group Co. Ltd. (China).
Complete report on Synthetic Leather Market spread across 178 pages, profiling 10 companies and supported with 109 tables and 72 figures.

Research Coverage
This report provides a detailed analysis of the synthetic leather market and segments the same on the basis of type, end-use industry, and region. Based on type, the market has been segmented into PU-based, PVC-based, and bio-based. Based on end-use industry, the market has been segmented into footwear, furnishing, automotive, clothing, bags, purses &wallets, and others. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The global synthetic leather market was valued at USD 51.81 billion in 2015, and is projected to reach USD 208.81 billion by 2026, at a CAGR of 13.4% from 2016 to 2026 due to growing demand from major end-use industries such as footwear, furnishing, and automotive is expected to drive the market in the future.

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