openPR Logo
Press release

Synthetic Leather Market Revenue, Price And Gross Margin, Analysis 2025

03-07-2018 02:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparecny Market Research

/ PR Agency: Transparecny Market Research
Synthetic Leather Market Revenue, Price And Gross Margin,

A recent study by Transparency Market Research (TMR) suggests that the revenue in the global synthetic leather market is divided among a few players who have a strong manufacturing and distribution infrastructure in place. The report identifies Kuraray, SAN FANG CHEMICAL INDUSTRY CO., LTD., Asahi Kasei Corporation, Toray Coatex Co. Ltd., ALFATEX, FILWEL CO., LTD., and H.R. Polycoats Pvt. LTD. as some of the key companies currently holding position of strength in the global synthetic leather market.

Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22364

If the projections of the TMR report is to be believed, the demand in the global synthetic leather market will increment at a notable CAGR of 6.9% during the forecast period of 2017 to 2022. Increasing from its evaluated worth of US$74.6 bn in 2016, the valuation of the synthetic leather market is estimated to reach US$136.7 bn by 2022. The vendors operating in the synthetic leather market are catering to diverse application sectors, including automotive, furnishing, footwear, bags and purses, clothing, and others.

Based on end-user, the global synthetic leather market has been segmented into automobile, sporting goods, furnishings, garments, industrial fabrics, footwear, and fashion accessories including wallets, belts, and bags. In terms of revenue, automobile is the leading end-user constituting more than 40% of the global synthetic leather market. Geographically, vastly populated Asia Pacific is currently the most profitable region, gaining traction from increasing population coupled with rising disposable income in countries such as China, India, Vietnam, and Thailand. Furthermore, rising joint ventures and capacity expansion by various manufacturers and emphasis on reducing carbon emission typically in China is also influencing the market positively in the region.

Prosperity of Various Application Industries Driving Demand

The demand in the global synthetic leather market is driven by a number of factors, such as growing demand from the footwear industry as a result of escalating population, no involvement of animal killing, which has strong support from various governments and preferred by knowledgeable consumers, and synthetic leather’s advantages over pure leather. Synthetic leather are available in variety of colors, and is cheaper than natural leather as well as superior to real leather because of its diversity in looks and use.

Read Report Overview @ https://www.transparencymarketresearch.com/synthetic-leather-market.html

In the recent past, artificial leather has gained popularity as ideal alternative, especially for the rapidly growing automotive industry, wherein synthetic leather is used for the production of seats, airbags, belts, seat-covers, steering cover, door panels, dashboard, rear shelves, and other interior trim. The demand for passenger cars is seen new higher each year in developing countries such as China and India. Polyurethane is now being commonly employed by the automotive industry as it is softer and offers a non-sticky feeling, unlike an animal-skin-based leather. Consequently, a number of original equipment manufacturers (OEMs) manufacturers have started to prefer it over real leather.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Synthetic Leather Market Revenue, Price And Gross Margin, Analysis 2025 here

News-ID: 968652 • Views:

More Releases from Transparecny Market Research

HAZMAT Packaging Market Share, Trends, Growth, Forecast By 2027
HAZMAT Packaging Market Share, Trends, Growth, Forecast By 2027
The global HAZMAT Packaging Market is estimated to flourish at a CAGR of 5.8% from 2024 to 2027. The overall HAZMAT Packaging industry delivers an in-depth systematic framework and competitive outlook of the HAZMAT Packaging Market from a worldwide perspective. The report starts with a summary of the market, chain structure, and the past as well as current market size. Also, the growth opportunities prevalent in the market in the coming
Push Pull Closures Market Will Generate New Growth Opportunities by 2027 with Top Key Players - Closure Systems International, Inc., O. Berk Company, LLC, Silgan Plastic Closures Solutions
Push Pull Closures Market Will Generate New Growth Opportunities by 2027 with To …
The global Push Pull Closures Market is estimated to flourish at a CAGR of 4.8% from 2024 to 2027. The overall Push Pull Closures industry delivers an in-depth systematic framework and competitive outlook of the Push Pull Closures Market from a worldwide perspective. The report starts with a summary of the market, chain structure, and the past as well as current market size. Also, the growth opportunities prevalent in the market
PET Preform Machines Market Estimated to Touch USD 14.1 billion at a CAGR of 6.0% by 2031
PET Preform Machines Market Estimated to Touch USD 14.1 billion at a CAGR of 6.0 …
The global PET Preform Machines Market has been sailing through robust waters, witnessing a valuation of US$ 8.3 Bn 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 14.1
Flexible Packaging Paper Market Share, Trends, Growth, Forecast By 2029
Flexible Packaging Paper Market Share, Trends, Growth, Forecast By 2029
The global Flexible Packaging Paper Market has been sailing through robust waters, witnessing a valuation of US$ 47.5 Bn 2021. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2029. By the end of 2029, the industry is expected to anchor at an impressive US$ 65.2

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the