Global Synthetic Leather Market Growth 2023-2029

Global Synthetic Leather Market Growth 2023-2029

Product Code:449075

Published Date: Feb 08,2023

Pages: 129

Region: Global

Category: Chemical & Material

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Synthetic Leather is manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.

Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. Normal PU is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, Normal PU can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.

LPI (LP Information)' newest research report, the “Synthetic Leather Industry Forecast” looks at past sales and reviews total world Synthetic Leather sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Leather sales for 2023 through 2029. With Synthetic Leather sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Leather industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Leather landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Leather portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Leather market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Leather and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Leather.

The global Synthetic Leather market size is projected to grow from US$ 5984.3 million in 2022 to US$ 6479 million in 2029; it is expected to grow at a CAGR of 6479 from 2023 to 2029.

China is the largest market with about 40% market share. Europe and Japan are follower, accounting for about 30% market share.

The key players are Kuraray, Toray, Teijin, Bayer, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon, San Fang Chemical, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Xiefu new materials, Huafeng Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, Hongdeli etc. Top 5 companies occupied about 23% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Leather market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    PVC
    Normal PU
    Microfiber PU
    Ecological Function PU

Segmentation by application
    Sport Shoes
    Bags
    Furniture
    Car Interiors
    Sports Goods

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Kuraray
    Toray
    Teijin
    Bayer
    Shandong Friendship
    Wangkang Group
    Asahi Kasei
    Duksung
    Daewon Chemical
    Filwel
    Kolon
    San Fang Chemical
    Nanya
    Wenzhou Imitation Leather
    Anhui Anli
    Fujian Tianshou
    Shandong Jinfeng
    Yantai Wanhua
    Shandong Tongda
    Jiaxing Hexin
    Xiefu new materials
    Huafeng Group
    Wenzhou Huanghe
    Meisheng Industrial
    Xiamen Hongxin
    Fujian Huayang
    Sanling
    Hongdeli

Key Questions Addressed in this Report
What is the 10-year outlook for the global Synthetic Leather market?
What factors are driving Synthetic Leather market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synthetic Leather market opportunities vary by end market size?
How does Synthetic Leather break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?