LONDON--(BUSINESS WIRE)--Technavio has been monitoring the synthetic leather market and it is poised to grow by $ 12.98 bn during 2020-2024, progressing at a CAGR of about 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alfatex Italia Srl, Anhui Anli Material Technology Co. Ltd., Asahi Kasei Corp., FILWEL Co. Ltd., Kuraray Co. Ltd., Mayur Uniquoters Ltd., Nan Ya Plastics Corp., Sanfang Chemical Industry Co. Ltd., Teijin Ltd., and Toray Industries Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The high demand from developing economies has been instrumental in driving the growth of the market. However, stringent government regulations and standards might hamper the market growth.
Synthetic Leather Market 2020-2024 : Segmentation
Synthetic Leather Market is segmented as below:
- Footwear Industry
- Furnishing Industry
- Automotive Industry
- Bags Industry
- Other Industry
- North America
- South America
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Synthetic Leather Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our synthetic leather market report covers the following areas:
- Synthetic Leather Market size
- Synthetic Leather Market trends
- Synthetic Leather Market industry analysis
This study identifies increasing production capacity as one of the prime reasons driving the synthetic leather market growth during the next few years.
Synthetic Leather Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the synthetic leather market, including some of the vendors such as Alfatex Italia Srl, Anhui Anli Material Technology Co. Ltd., Asahi Kasei Corp., FILWEL Co. Ltd., Kuraray Co. Ltd., Mayur Uniquoters Ltd., Nan Ya Plastics Corp., Sanfang Chemical Industry Co. Ltd., Teijin Ltd., and Toray Industries Inc. Backed with competitive intelligence and benchmarking, our research reports on the synthetic leather market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Synthetic Leather Market 2020-2024 : Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist synthetic leather market growth during the next five years
- Estimation of the synthetic leather market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the synthetic leather market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of synthetic leather market vendors
Table Of Contents :
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- PU-based - Market size and forecast 2019-2024
- PVC-based - Market size and forecast 2019-2024
- Bio-based - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Footwear industry - Market size and forecast 2019-2024
- Furnishing industry - Market size and forecast 2019-2024
- Automotive industry - Market size and forecast 2019-2024
- Bags industry - Market size and forecast 2019-2024
- Other industry - Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- Alfatex Italia Srl
- Anhui Anli Material Technology Co. Ltd.
- Asahi Kasei Corp.
- FILWEL Co. Ltd.
- Kuraray Co. Ltd.
- Mayur Uniquoters Ltd.
- Nan Ya Plastics Corp.
- Sanfang Chemical Industry Co. Ltd.
- Teijin Ltd.
- Toray Industries Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.