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Synthetic Leather Market Size, Share & Trends Analysis Report By Product (Bio-based, PVC, PU), By Application (Clothing, Furnishing, Automotive, Bags & Wallets, Footwear), By Region, And Segment Forecasts, 2020 - 2027

  • ID: 4751744
  • Report
  • June 2020
  • Region: Global
  • 119 pages
  • Grand View Research

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FEATURED COMPANIES

  • Alfatex Italia SRL
  • Filwel Co., Ltd.
  • H.R. Polycoats Pvt. Ltd.
  • Kuraray Co., Ltd.
  • Mayur Uniquoters Limited
  • Teijin Limited
Synthetic Leather Market Growth & Trends

The global synthetic leather market size is expected to reach USD 40.9 billion by 2027. The market is projected to expand at a strong CAGR of 4.4% in terms of revenue during the forecast period. Increasing scope of application for the product in footwear has been a major factor driving the growth. In addition, growing importance and awareness about animal rights set by several organizations and stringent laws regarding the usage of real leather are propelling the demand for synthetic leather.

Superior properties of this material, such as high gloss finish, durability, strength, UV resistance and easy maintenance are anticipated to positively influence the application. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle- and high-income level groups. However, in countries, such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty-free material. Polyurethane (PU) was the largest product category in 2017 and is expected to register the fastest CAGR over the forecast period.

PVC is anticipated to witness sluggish growth on account of its properties, such as sticky finish and lesser durability. Footwear application segment is expected to observe a considerable growth over the upcoming years. Cheaper costs, fluctuating climatic conditions in several regions creates needs for different types of footwear. Rising disposable income levels in emerging regions are also fueling the demand for synthetic leather in footwear segment. Moreover, trend of incorporating athletic shoes in daily lifestyle is further augmenting the product demand.

The ongoing spread of coronavirus pandemic across the globe is severely affecting the production, import, and export of leather and its byproduct, which, in turn, is anticipated to negatively affect the growth of the global market. As COVID-19 continues to spread across the world, order cancellations and shipping complications are surging throughout the leather industry. End-use industries such as automotive, furniture, footwear, and textile are witnessing a sharp decline, in terms of demand and production, on account of reducing discretionary spending, factory shutdowns, limitations on the supply and transport, and a slowdown in infrastructure development activities across the globe. This, in turn, is anticipated to hamper the global market for the next two quarters of 2020.

Synthetic Leather Market Report Highlights
  • PU leather emerged as the largest product segment in 2019 and is estimated to generate revenue over USD 25.4 billion by 2027
  • Asia Pacific is projected to witness the fastest growth over the estimated period owing to rapid economic growth across countries, such as India, China, Japan, and Korea
  • Rapid development of construction and automotive manufacturing industries in Asia Pacific is also fueling the product demand in the regional market
  • Countries, such as South Korea, Taiwan, China, and India, are emerging as leading producers in the global market as a result of available of relatively cheaper raw materials

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FEATURED COMPANIES

  • Alfatex Italia SRL
  • Filwel Co., Ltd.
  • H.R. Polycoats Pvt. Ltd.
  • Kuraray Co., Ltd.
  • Mayur Uniquoters Limited
  • Teijin Limited
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation And Data Visualization
1.6 Data Validation And Publishing
1.7 List Of Abbreviations

Chapter 2 Executive Summary
2.1 Market Summary
2.2 Market Definition

Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Leather Market Outlook
3.1.2 Global Synthetic Leather Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.1.1 Pvc Resin
3.3.1.2 Plasticizers
3.3.1.3 Plasticizer Market Scenario
3.3.1.4 Woven & Nonwoven Fabrics
3.3.1.5 Polyurethane Adhesives
3.3.1.6 Colorants
3.4 Comparative Analysis Of Pu And Pvc Resin
3.4.1 Pricing Analysis For Pu And Pvc Resin
3.4.2 Advantages Of Pu Resin Over Pvc Resin In The Production Of Synthetic Leather.
3.5 Comparative Analysis Between The Woven And Nonwoven Fabric
3.5.1 Woven Fabric
3.5.2 Nonwoven Fabrics
3.6 Sales Channel Analysis
3.7 Brief Market Scenario Analysis Of Surfactants And Catalysts For Artificial Leather Production
3.8 Technology Overview
3.8.1 Transfer Coating Technology
3.8.2 Wet Process
3.9 Regulatory Framework
3.9.1 Code Of Federal Regulations
3.9.1.1 Reach
3.9.1.1.1 Emission Standard Of Pollutants For Synthetic Leather And Artificial Leather Industry (Gb 21902-2008) In China
3.9.1.1.2 The Environment (Protection) Rules, 1986
3.9.1.1.3 Indian Standard Automotive Vehicle-Flammability Requirements
3.10 Market Dynamics
3.10.1 Market Driver Analysis
3.10.1.1 Growing Demand From Footwear Sector
3.10.1.2 Viable Alternative To Natural Leather
3.10.2 Market Restraint Analysis
3.10.2.1 Damaging Effects Of Pvc And Pu
3.11 Business Environment Analysis: Synthetic Leather Market
3.11.1 Porters Five Forces Analysis
3.11.2 Pestle Analysis

Chapter 4 Synthetic Leather Market: Product Estimates & Trend Analysis
4.1 Synthetic Leather Market: Product Movement Analysis, 2019 & 2027
4.2 Pu Synthetic Leather
4.2.1 Pu Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
4.3 Pvc Synthetic Leather
4.3.1 Pvc Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
4.4 Bio Based Leather
4.4.1 Bio Based Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)

Chapter 5 Synthetic Leather Market: Application Estimates & Trend Analysis
5.1 Synthetic Leather Market: Application Movement Analysis, 2019 & 2027
5.2 Furnishing
5.2.1 Synthetic Leather Market Estimates And Forecasts, In Furnishing, 2016 - 2027 (Million Meters) (USD Million)
5.3 Automotive
5.3.1 Synthetic Leather Market Estimates And Forecasts, In Automotive, 2016 - 2027 (Million Meters) (USD Million)
5.4 Footwear
5.4.1 Synthetic Leather Market Estimates And Forecasts, In Footwear, 2016 - 2027 (Million Meters) (USD Million)
5.5 Bags & Wallets
5.5.1 Synthetic Leather Market Estimates And Forecasts, In Bags & Wallets, 2016 - 2027 (Million Meters) (USD Million)
5.6 Clothing
5.6.1 Synthetic Leather Market Estimates And Forecasts, In Clothing, 2016 - 2027 (Million Meters) (USD Million)
5.7 Others
5.7.1 Synthetic Leather Market Estimates And Forecasts, In Other Applications, 2016 - 2027 (Million Meters) (USD Million)

Chapter 6 Synthetic Leather Market: Regional Estimates & Trend Analysis
6.1 Synthetic Leather Market: Regional Movement Analysis, 2019 & 2027
6.2 North America
6.2.1 North America Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.2.2 North America Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.2.3 North America Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.2.4 U.S.
6.2.4.1 U.S. Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.2.4.2 U.S. Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.2.4.3 U.S. Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.2.5 Canada
6.2.5.1 Canada Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.2.5.2 Canada Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.2.5.3 Canada Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.2.6 Mexico
6.2.6.1 Mexico Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.2.6.2 Mexico Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.2.6.3 Mexico Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.3 Europe
6.3.1 Europe Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.3.2 Europe Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.3.3 Europe Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.3.4 Germany
6.3.4.1 Germany Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.3.4.2 Germany Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.3.4.3 Germany Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.3.5 Italy
6.3.5.1 Italy Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.3.5.2 Italy Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.3.5.3 Italy Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.3.6 France
6.3.6.1 France Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.3.6.2 France Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.3.6.3 France Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.3.7 U.K.
6.3.7.1 U.K. Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.3.7.2 U.K. Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.3.7.3 U.K. Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meter) (USD Millions)
6.4.2 Asia Pacific Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.4.3 Asia Pacific Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.4.4 China
6.4.4.1 China Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.4.4.2 China Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.4.4.3 China Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.4.5 Japan
6.4.5.1 Japan Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.4.5.2 Japan Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.4.5.3 Japan Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.4.6 India
6.4.6.1 India Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.4.6.2 India Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.4.6.3 India Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.4.7 South Korea
6.4.7.1 South Korea Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.4.7.2 South Korea Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.4.7.3 South Korea Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.5 Central & South America
6.5.1 Central & South America Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.5.2 Central & South America Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.5.3 Central & South America Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.5.4 Brazil
6.5.4.1 Brazil Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.5.4.2 Brazil Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.5.4.3 Brazil Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa Synthetic Leather Market Estimates And Forecasts, 2016 - 2027 (Million Meters) (USD Million)
6.6.2 Middle East & Africa Synthetic Leather Estimates And Forecasts, By Product, 2016 - 2027 (Million Meters) (USD Million)
6.6.3 Middle East & Africa Synthetic Leather Market Estimates And Forecasts, By Application, 2016 - 2027 (Million Meters) (USD Million)

Chapter 7 Competitive Landscape
7.1 Key Company/Competition Categorization (Key Innovators, Market Leaders, And Emerging Players)
7.2 Vendor Landscape
7.2.1 List Of Key Distributors And Channel Partners
7.2.2 Key Potential Customers/End Users
7.3 Public Companies
7.3.1 Company Market Position Analysis
7.3.2 Competitive Dashboard Analysis
7.3.2.1 Market Differentiator
7.4 Private Companies
7.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators And Their Geographical Presence
7.5 List Of Bio Based Leather Manufacturers

Chapter 8 Company Profiles
8.1 Kuraray Co., Ltd.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Revenue By Business Segment
8.1.5 Revenue By Geography
8.1.6 Product Benchmarking
8.1.7 Production Capacities
8.1.8 Strategic Initiatives
8.2 H.R. Polycoats Pvt. Ltd.
8.2.1 Company Overview
8.2.2 Product Benchmarking
8.3 Alfatex Italia SRL
8.3.1 Company Overview
8.3.2 Product Benchmarking
8.4 Filwel Co., Ltd.
8.4.1 Company Overview
8.4.2 Product Benchmarking
8.5 Yantai Wanhua Synthetic Leather Group Co., Ltd.
8.5.1 Company Overview
8.5.2 Product Benchmarking
8.6 San Fang Chemical Industry Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.7 Mayur Uniquoters Limited
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.8 Nan Ya Plastics Corporation
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.9 Zhejiang Hexin Industry Group Co., Ltd.
8.9.1 Company Overview
8.9.2 Product Benchmarking
8.10 Teijin Limited
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 REVENUE BY BUSINESS SEGMENT
8.10.4 REVENUE BY GEOGRAPHY
8.10.5 Product Benchmarking
8.10.6 STRATEGIC INITIATIVES
Note: Product cover images may vary from those shown
  • Kuraray Co., Ltd.
  • H.R. Polycoats Pvt. Ltd.
  • Alfatex Italia SRL
  • Filwel Co., Ltd.
  • Yantai Wanhua Synthetic Leather Group Co., Ltd.
  • San Fang Chemical Industry Co., Ltd.
  • Mayur Uniquoters Limited
  • Nan Ya Plastics Corporation
  • Zhejiang Hexin Industry Group Co., Ltd.
  • Teijin Limited
Note: Product cover images may vary from those shown

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