LONDON--(BUSINESS WIRE)--The global synthetic leather market size is expected to grow by USD 12.98 billion during 2020-2024, progressing at a CAGR of about 8% during the forecast period.
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The benefits of synthetic leather over genuine leather is one of the major factors propelling market growth.
Synthetic leather is lightweight, easily washable, and cheaper. Also, these materials are less toxic than genuine leather and are easily available. Synthetic leather is made of materials that do not emit harmful substances that adversely impact the environment. As a result of its various advantages, there will be an increase in demand for synthetic leather during the forecast period.
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Global Synthetic Leather Market: Product Landscape
PU-based leather is easy to maintain and is waterproof. It is also lighter and softer than genuine leather and can be easily cut for various design purposes. PU-leather is primarily used as it looks genuine and is much softer. Therefore, the sales of PU-based leather is increasing, contributing to the synthetic leather market share growth. Synthetic leather market growth by the PU-based segment will be faster than the growth of the market by the other segments.
Global Synthetic Leather Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. Almost 53% of the market’s growth will originate from APAC during the forecast period. China is the key market for synthetic leather in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- 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.
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- Market share assessments for the regional and country-level segments
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- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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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 in 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:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- 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
Customer landscape
- Overview
Geographic Landscape
- 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
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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