Market Size

The global synthetic leather market size was valued at USD 63.31 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The synthetic leather market analysis shows that it will grow with a CAGR of 7.5% over the forecast period of 2021 to 2027.

Market Driver

Growing end-user demand towards durable, cost-effective, and easy-to-maintain and wash fabrics is anticipated to drive the market growth from 2021 to 2027. Synthetic leather is popular as a result of its physical properties including softness, high luster, strength, crease recovery, elasticity, and others. On the basis of product type, the polyester segment accounted for over 45% of the market share in the global synthetic fibers market in 2020. It has a higher usage due to its chemical and abrasion resistance quality. Clothing material manufacturers purchase polyester leather in bulk. However, it also has significant usage in home furnishing and industrial segments. In the automotive segment, polyester ropes and yarns are used in safety belts, car tire reinforcements, conveyor belts, etc.

Regional Outlook

Asia Pacific accounted for highest market share at global level. This region is accounted for over 60% of the revenue and volume share in 2020. Key factor propelling the growth is large scale production of nylon, polyester, and acrylics in countries including South Korea, China, India, Japan, and Taiwan. High consumption of clothing also has a key role in the market growth. Key consumers of synthetic leather products are U.S., Canada, Germany, France, UK, China, India, and Japan.

Research Methodology

Synthetic Leather market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end-users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team, and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm that caters to a diverse portfolio of research campaigns. We are one of the fastest-growing research organizations led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Synthetic Leather Market Size and Outlook by Type

• PU-Based
• PVC Based
• Bio-based

Synthetic Leather Market Size and Outlook by End user industry

• Footwear
• Furnishing
• Automotive
• Clothing
• Bags, Purses & Wallets
• Others

Synthetic Leather Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Kuraray Co., Ltd.
• San Fang Chemical Industry Co., Ltd.
• Teijin Limited
• Mayur Uniquoters Limited
• Nan Ya Plastics Industrial Co., Ltd.
• Filwel Co. Ltd
• Zhejiang Hexin Industry Group Co., Ltd.
• Alfatex
• H.R. Polycoats Pvt. Ltd.
• Yantai Wanhua Synthetic Leather Group Co., Ltd.

 

Actionable Outcomes

Our Synthetic Leather Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Synthetic Leather market size
• Synthetic Leather market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Synthetic Leather market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Synthetic Leather market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Synthetic Leather market share
• Measures to consider for Synthetic Leather market