HOME Top Market Reports Synthetic Leather (Artificial Leather) Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) - Global Forecast to 2021

Synthetic Leather (Artificial Leather) Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: CH 4801

 

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The global synthetic leather market was valued at USD 22.13 Billion in 2015 and is projected to reach USD 33.54 Billion by 2021, at a CAGR of 7.20% from 2016 to 2021. In this report, 2015 is considered the base year and the forecast period is from 2016 to 2021.

The objectives of this study are:

  • To analyze and forecast the market size of synthetic leather, in terms of value and volume
  • To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, and opportunities)
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To define, describe, and segment the synthetic leather market by type and end-use industry
  • To forecast the sizes of the market segments based on regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America
  • To analyze competitive developments such as supply contracts, agreements, and partnerships & collaborations in the global synthetic leather market
  • To strategically profile key players and comprehensively analyze their core competencies*

Note:* Core competencies of the companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their positions in the market.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva), to identify and collect information useful for this technical, market-oriented, and commercial study of the global synthetic leather market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the total market size, the overall market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study.

Synthetic Leather Market

To know about the assumptions considered for the study, download the pdf brochure

The synthetic leather value chain starts with the procurement of raw materials required for the manufacture of the required polymers. The raw materials used for the production are thermoplastic polymeric layers, emboss release paper, knit or textile fabric, foamable thermoplastic polymers. The use of other raw material depends upon the type of synthetic leather being produced. For example, for the production of PVC synthetic leather, the major raw material is chlorinated hydrocarbons which are made from chlorine and ethylene. Polyurethane based synthetic leather is composed of isocyanates, polyester polyols, and additives. These raw materials are then facilitated to synthetic leather manufacturers either by supplying or by vertical integration. The major manufacturers of synthetic leather are Kuraray Co. Ltd. (Japan), San Fang Chemical industry Co. Ltd (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Ltd. (India), Nan Ya Plastics Co. Ltd. (Taiwan), Filwel Co. Ltd. (Japan), and Zhejiang Hexin Industry Group Co., Ltd.  (China). Synthetic leather is then either sold directly to the end-users or to distributors.  The major end-use industries of synthetic leather are footwear, furnishing, automotive, clothing, bags, purses & wallets, and others.

Target Audience:

  • Synthetic leather manufacturers
  • Synthetic leather dealers
  • Synthetic leather suppliers
  • End users
  • Raw material suppliers and others

Scope of the Report:

This report categorizes the synthetic leather market based on type, end-use industry, and region.

Market Segmentation, by Type:

  • PU-based
  • PVC-based
  • Bio-based

Market Segmentation, by End-use Industry:

  • Footwear
  • Furnishing
  • Automotive
  • Clothing
  • Bags, purses & wallets
  • Others

Market Segmentation, by Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiles of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Scope
           1.3.1 Markets Covered
                    1.3.1.1 Scope of the Report, By Region
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Limitations
    1.4 Stakeholder

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
                    2.1.1.1 Key Data From Primary Sources
                    2.1.1.2 Key Industry Insights
                    2.1.1.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities for Synthetic Leather Manufacturers
    4.2 Rapid Growth in Synthetic Leather Market Due to High Demand in Developing Regions
    4.3 PU-Based Synthetic Leather Dominates Synthetic Leather Market
    4.4 Footwear & Furnishing Industry is the Potential Market for Synthetic Leather Manufacturers

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Synthetic Leather Market Segmentation, By Type
           5.2.2 Synthetic Leather Market Segmentation, By End-Use Industry
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand From the Footwear Industry
                    5.3.1.2 No Involvement of Animal Killing, Which Makes It A Major Alternative of Pure Leather
                    5.3.1.3 Advantages Over Pure Leather
           5.3.2 Restraints
                    5.3.2.1 Harmful Effects of PU and PVC
           5.3.3 Opportunities
                    5.3.3.1 Focus on Development of Bio-Based Synthetic Leather
    5.4 Revenue Pocket Matrix
           5.4.1 Revenue Pocket Matrix for Synthetic Leather, By End-Use Industry
    5.5 Supply Chain Analysis
    5.6 Porter’s Five Forces Analysis
           5.6.1 Bargaining Power of Suppliers
           5.6.2 Bargaining Power of Buyers
           5.6.3 Threat of Substitutes
           5.6.4 Threat of New Entrants
           5.6.5 Intensity of Competitive Rivalry
    5.7 Economic Indicators
           5.7.1 Industry Outlook
                    5.7.1.1 Automotive
                    5.7.1.2 Footwear

6 Synthetic Leather Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 PU Synthetic Leather
           6.2.1 Microfiber Leather
    6.3 PVC-Based Synthetic Leather
    6.4 Bio-Based Leather

7 Synthetic Leather Market, By End-Use Industry (Page No. - 50)
    7.1 Introduction
    7.2 Footwear
           7.2.1 Sports Shoes
           7.2.2 Formal Shoes & Boots
           7.2.3 Sandals & Slippers
    7.3 Furnishing
           7.3.1 Chairs
           7.3.2 Sofas
           7.3.3 Bean Bags & Others
    7.4 Automotive
           7.4.1 Seats
           7.4.2 Steering Wheel Covers
           7.4.3 Door Trim, Knob, & Gear Bot Covers
    7.5 Clothing
           7.5.1 Jackets
           7.5.2 Belts
           7.5.3 Tops, Pants, and Others
    7.6 Bags, Purses, & Wallets
           7.6.1 Bags
           7.6.2 Purses
           7.6.3 Wallets
    7.7 Others

8 Regional Analysis (Page No. - 64)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 India
           8.2.3 Japan
           8.2.4 South Korea
           8.2.5 Taiwan
           8.2.6 Thailand
           8.2.7 Malaysia
           8.2.8 Indonesia
    8.3 Europe
           8.3.1 Germany
           8.3.2 Italy
           8.3.3 France
           8.3.4 U.K.
           8.3.5 Spain
           8.3.6 Russia
           8.3.7 Poland
           8.3.8 Sweden
           8.3.9 Portugal
    8.4 North America
           8.4.1 U.S.
           8.4.2 Mexico
           8.4.3 Canada
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
    8.6 Middle East & Africa
           8.6.1 The Middle East
           8.6.2 Africa

9 Competitive Landscape (Page No. - 116)
    9.1 Competitive Benchmarking

10 Company Profiles (Page No. - 117)
(Overview, Products and Services, Financials, Strategy & Development)*
     10.1 Kuraray Co., Ltd.
     10.2 San Fang Chemical Industry Co., Ltd.
     10.3 Teijin Limited
     10.4 Mayur Uniquoters Limited
     10.5 Nan Ya Plastics Industrial Co., Ltd.
     10.6 Filwel Co. Ltd
     10.7 Zhejiang Hexin Industry Group Co., Ltd.
     10.8 Alfatex
     10.9 H.R. Polycoats Pvt. Ltd.
     10.10 Yantai Wanhua Synthetic Leather Group Co., Ltd.
     10.11 Additional Companies (Marvel Vinyls, Kolon Industries Inc., Toray Industries Inc., Anhui Material Technology Co., Ltd. Amway, Shandong Jinfeng Artificial Leather Co., Ltd., Limited, Arora Vinyl Pvt. Ltd., Zhejiang Yongfa Synthetic Leather Co., Ltd, and Others)

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 135)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (105 Tables)

Table 1 Synthetic Leather Market, By Type
Table 2 Synthetic Leather Market, By End-Use Industry
Table 3 Vehicles in Use, By Region and Country, 2010–2014
Table 4 Synthetic Leather Market Size, By Type, 2014–2021 (Million Meter)
Table 5 Synthetic Leather Market Size, By Type, 2014–2021 (USD Million)
Table 6 PU-Based Synthetic Leather Market Size, By Region, 2014–2021 (Million Meter)
Table 7 PU-Based Synthetic Leather Market Size, By Region, 2014–2021 (USD Million)
Table 8 PVC-Based Synthetic Leather Market Size, By Region, 2014–2021 (Million Meter)
Table 9 PVC-Based Synthetic Leather Market Size, By Region, 2014–2021 (USD Million)
Table 10 Bio-Based Synthetic Leather Market Size, By Region, 2014–2021 (Million Meter)
Table 11 Bio-Based Synthetic Leather Market Size, By Region, 2014–2021 (USD Million)
Table 12 Synthetic Leather Market Size, By End-Use Industry, 2014-2021 (Million Meter)
Table 13 Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 14 Synthetic Leather Market Size in the Footwear Industry, By Region, 2014–2021 (Million Meter)
Table 15 Synthetic Leather Market Size in the Footwear Industry, By Region, 2014–2021 (USD Million)
Table 16 Synthetic Leather Market Size in Furnishing, By Region, 2014–2021 (Million Meter)
Table 17 Synthetic Leather Market Size in Furnishing, By Region, 2014–2021 (USD Million)
Table 18 Synthetic Leather Market Size in the Automotive Industry, By Region, 2014–2021 (Million Meter)
Table 19 Synthetic Leather Market Size in the Automotive Industry, By Region, 2014–2021 (USD Million)
Table 20 Synthetic Leather Market Size in the Clothing Industry, By Region, 2014–2021 (Million Meter)
Table 21 Synthetic Leather Market Size in the Clothing Industry, By Region, 2014–2021 (USD Million)
Table 22 Synthetic Leather Market Size in the Bags, Purses, & Wallets Industry, By Region, 2014–2021 (Million Meter)
Table 23 Synthetic Leather Market Size in the Bags, Purses, & Wallets Industry, By Region, 2014–2021 (USD Million)
Table 24 Synthetic Leather Market Size in Other Industries, By Region, 2014–2021 (Million Meter)
Table 25 Synthetic Leather Market Size in Other Industries, By Region, 2014–2021 (USD Million)
Table 26 Synthetic Leather Market Size, By Region, 2014–2021 (Million Meter)
Table 27 Synthetic Leather Market Size, By Region, 2014–2021 (USD Million)
Table 28 Asia-Pacific: Synthetic Leather Market Size, By Country, 2014–2021 (Million Meter)
Table 29 Asia-Pacific: Synthetic Leather Market Size, By Country, 2014–2021 (USD Million)
Table 30 Asia-Pacific: Synthetic Leather Market Size, By Type, 2014–2021 (Million Meter)
Table 31 Asia-Pacific: Synthetic Leather Market Size, By Type, 2014–2021 (USD Million)
Table 32 Asia-Pacific: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 33 Asia-Pacific: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 34 China: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 35 China: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 36 India: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 37 India: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 38 Japan: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 39 Japan: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 40 South Korea: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 41 South Korea: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 42 Taiwan: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 43 Taiwan: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 44 Thailand: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 45 Thailand: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 46 Malaysia: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 47 Malaysia: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 48 Indonesia: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 49 Indonesia: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 50 Europe: Synthetic Leather Market Size, By Country, 2014–2021 (Million Meter)
Table 51 Europe: Synthetic Leather Market Size, By Country, 2014–2021 (USD Million)
Table 52 Europe: Synthetic Leather Market Size, By Type, 2014–2021 (Million Meter)
Table 53 Europe: Synthetic Leather Market Size, By Type, 2014–2021 (USD Million)
Table 54 Europe: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 55 Europe: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 56 Germany: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 57 Germany: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 58 Italy: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 59 Italy: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 60 France: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 61 France: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 62 U.K.: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 63 U.K.: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 64 Spain: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 65 Spain: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 66 Russia: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 67 Russia: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 68 Poland: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 69 Poland: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 70 Sweden: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 71 Sweden: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 72 Portugal: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 73 Portugal: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 74 North America: Synthetic Leather Market Size, By Country, 2014–2021 (Million Meter)
Table 75 North America: Synthetic Leather Market Size, By Country, 2014–2021 (USD Million)
Table 76 North America: Synthetic Leather Market Size, By Type, 2014–2021 (Million Meter)
Table 77 North America: Synthetic Leather Market Size, By Type, 2014–2021 (USD Million)
Table 78 North America: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 79 North America: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 80 U.S.: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 81 U.S.: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 82 Mexico: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 83 Mexico: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 84 Canada: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 85 Canada: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 86 South America: Synthetic Leather Market Size, By Country, 2014–2021 (Million Meter)
Table 87 South America: Synthetic Leather Market Size, By Country, 2014–2021 (USD Million)
Table 88 South America: Synthetic Leather Market Size, By Type, 2014–2021 (Million Meter)
Table 89 South America: Synthetic Leather Market Size, By Type, 2014–2021 (USD Million)
Table 90 South America: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 91 South America: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 92 Brazil: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 93 Brazil: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 94 Argentina: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 95 Argentina: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 96 ME&A: Synthetic Leather Market Size, By Region, 2014–2021 (Million Meter)
Table 97 ME&A: Synthetic Leather Market Size, By Region, 2014–2021 (USD Million)
Table 98 ME&A: Synthetic Leather Market Size, By Type, 2014–2021 (Million Meter)
Table 99 ME&A: Synthetic Leather Market Size, By Type, 2014–2021 (USD Million)
Table 100 ME&A: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 101 ME&A: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 102 The Middle East: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 103 The Middle East: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 104 Africa: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (Million Meter)
Table 105 Africa: Synthetic Leather Market Size, By End-Use Industry, 2014–2021 (USD Million)


List of Figures (56 Figures)

Figure 1 Synthetic Leather Market: Research Design
Figure 2 Breakdown of Primary Interviews
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Synthetic Leather Market: Data Triangulation
Figure 6 PU-Based Synthetic Leather to Dominate the Synthetic Leather Market During the Forecast Period
Figure 7 Footwear to Be the Largest End-Use Indsutry Between 2016 and 2021
Figure 8 Asia-Pacific to Be the Fastest-Growing Market Between 2016 and 2021
Figure 9 Attractive Opportunities in the Synthetic Leather Market
Figure 10 Asia-Pacific to Witness Rapid Growth Between 2016 and 2021
Figure 11 Synthetic Leather Market, By Type, 2016 (USD Billion)
Figure 12 Footwear to Be the Largest End-Use Industry During the Forecast Period
Figure 13 Growing Demand From End-Use Industries Will Continue to Drive the Synthetic Leather Market
Figure 14 Impact Analysis of the DROS
Figure 15 Revenue Pocket Matrix: Application
Figure 16 Supply Chain for Synthetic Leather
Figure 17 Porter’s Five Forces Analysis
Figure 18 Vehicles in Use, By Region, 2014
Figure 19 Footwear Production (In Pairs), 2015
Figure 20 Market Segmentation for Synthetic Leather, By Type
Figure 21 PU-Based Leather to Continue Dominating the Synthetic Leather Market During the Forecast Period
Figure 22 Asia-Pacific to Dominate the PU-Based Synthetic Leather Market During the Forecast Period
Figure 23 Asia-Pacific to Drive the PVC-Based Synthetic Leather Market
Figure 24 Market Segmentation for Synthetic Leather, By Type
Figure 25 Footwear to Continue Dominating the Synthetic Leather Market During the Forecast Period
Figure 26 Asia-Pacific to Dominate the Synthetic Leather Market in the Footwear Industry During the Forecast Period
Figure 27 Europe is the Second-Largest Synthetic Leather Market in the Furnishing Industry
Figure 28 China is the Major Market for Synthetic Leather in Automotive Industry in Asia-Pacific
Figure 29 Europe is the Second-Largest Synthetic Leather Market in the Clothing Industry
Figure 30 Asia-Pacific to Drive the Synthetic Leather Market in the Bags, Purses, & Wallets Industry
Figure 31 Asia-Pacific to Be the Largest Market During the Forecast Period
Figure 32 Asia Pacific: PU-Based Leather Dominates the Synthetic Leather Market in the Region
Figure 33 China is the Largest Synthetic Leather Market in Asia-Pacific During the Forecast Period
Figure 34 Footwear Industry Captures Major Share of the Chinese Synthetic Leather Market Between 2016 and 2021
Figure 35 Furnishing to Be the Second-Largest End-Use Industry of Synthetic Leather in India From 2016 to 2021
Figure 36 Footwear to Be the Largest End-Use Industry of Synthetic Leather in South Korea in the Forecast Period
Figure 37 Footwear is the Largest and Fastest-Growing End-Use Industry of Synthetic Leather in Malaysia From 2016 to 2021
Figure 38 Germany to Be the Largest Synthetic Leather Market During the Forecast Period
Figure 39 PU-Based Synthetic Leather to Dominate the European Market During the Forecast Period
Figure 40 Automotive to Be the Second Largest End-Use Industry of Synthetic Leather in Germany Between 2016 and 2021
Figure 41 Footwear to Be the Largest End-Use Industry of Synthetic Leather During the Forecast Period
Figure 42 Footwear to Be the Largest End-Use Industry of Synthetic Leather in Russia Between 2016 and 2021
Figure 43 North America Synthetic Leather Market Snapshot: Canada to Witness the Highest CAGR During the Forecast Period
Figure 44 U.S. to Be the Largest Synthetic Leather Market in North America Between 2016 and 2021
Figure 45 Footwear is the Largest End-Use Industry of Synthetic Leather in North America
Figure 46 Furnishing is the Second Largest End-Use Industry of Synthetic Leather in North America
Figure 47 Brazil to Dominate the Synthetic Leather Market in South America Between 2016 and 2021
Figure 48 PU-Based Synthetic Leather to Dominate South American Market During the Forecast Period
Figure 49 Footwear Industry Captures Major Share of Synthetic Leather Market in Brazil From 2016 to 2021
Figure 50 Middle East Dominates the Synthetic Leather Market in the ME&A Region Between 2016 and 2021
Figure 51 PU-Based Synthetic Leather to Dominate the ME&A Market During the Forecast Period
Figure 52 Furnishing is the Second-Largest End-Use Industry of Synthetic Leather Between 2016 and 2021
Figure 53 Footwear is the Largest End-Use Industry of Synthetic Leather in Africa From 2016 to 2021
Figure 54 Kuraray Co., Ltd.: Company Snapshot
Figure 55 Teijin Limited: Company Snapshot
Figure 56 Mayur Uniquoters Limited: Company Snapshot

The global synthetic leather market was valued at USD 22.13 Billion in 2015 and is projected to reach USD 33.54 Billion by 2021, at a CAGR of 7.20% from 2016 to 2021. The growing demand from the footwear and automotive industry, coupled with cost effectiveness is expected to drive the global synthetic leather market.

PU-based leather lead the global synthetic leather market in 2015. PU-based synthetic leather is also expected to witness the highest CAGR from 2016 to 2021 owing to the high demand from North America and Europe, due to the higher environment-friendliness as compared to PVC-based leather. The growing automotive, and fashion industries in the Middle Eastern and Asia-Pacific region countries such as, China, Japan, and India is also driving the PU synthetic leather market.

The synthetic leather market is classified based on end-use industry into, footwear, furnishing, automotive, clothing, bags, purses & wallets, and others. The market is led by the footwear end-use industry. Growing disposable incomes, and changing lifestyles of consumers is driving the demand for synthetic leather in the footwear industry. In many countries, variations in climatic conditions which require different kinds of footwear is also expected to increase the synthetic leather consumption in the footwear industry.

Currently, the Asia-Pacific region is the largest synthetic leather market, in terms of value, followed by Europe. The Asia-Pacific region is characterized by the technological innovations in the synthetic leather industry and the presence of some of the major players in the region. North America is expected to witness a moderate growth rate.

The Asia-Pacific region is expected to be the fastest-growing synthetic leather market, which is backed by the high demand for synthetic leather in the footwear, automotive, and construction industries. The demand from major emerging countries such as, China, India, and South Korea also drives the synthetic leather market in the region.

Synthetic Leather Market

The major restraints in the market are the harmful effects of PU and PVC processing on the environment and human health. Many countries in Europe and North America have strict government regulations regarding the use of toxic chemicals such as PVC and PU.  Companies are focusing on new product development as a major strategy to strengthen their market positions in the global synthetic leather industry. The development of bio-based, and upgraded & customized products provide high growth opportunities to synthetic leather manufacturers. Some of the important manufacturers are, Kuraray Co. Ltd. (Japan), San Fang Chemical Industry Co. Ltd (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Ltd. (India), Nan Ya Plastics Co. Ltd. (Taiwan), Filwel Co. Ltd. (Japan), Zhejiang Hexin Industry Group Co., Ltd.  (China), Alfatex (Italy), H.R. Polycoats Pvt. Ltd. (India), and Yantai Wanhua Synthetic Leather Group Co. Ltd. (China). Companies in this market compete with each other with respect to prices and product offerings to strengthen their positions.

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