Synthetic Leather Market

Synthetic Leather Market / Artificial Leather Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) and Region (2022 - 2025)

Report Code: CH 4801 Mar, 2021, by marketsandmarkets.com

[227 Pages Report] The global synthetic leather market size was valued to USD 63.3 billion in 2020 and is projected reach USD 78.5 billion by 2025, growing at a CAGR of 4.4% between 2020 and 2025. The market is mainly driven by the rising demand for synthetic leather in end-use industries such as footwear, furnishing, automotive, clothing, bags, purses & wallets, and others. Drivers such as accelerating demand from footwear industry, less animal killing, advantages over pure leather, and increasing demand from OEM industry will drive the synthetic leather market. Asia Pacific is the key market for synthetic leather, globally, followed by Europe and North America, in terms of volume and value.

Synthetic Leather (Artificial Leather) Market

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Impact of COVID-19 on Synthetic Leather Market

Asia Pacific is the largest manufacturer of leather and synthetic leather. The leather industry has been adversely affected during COVID-19 which has, opened up avenues of opportunities for synthetic leather. According to the Financial Express, industry experts gradually realize that the focus should now be on non-leather footwear exports, as varieties of non-leather footwear accounts for 86% of the total footwear consumption. This was the observation of a cross-section of domestic footwear makers. Recently, there has been a rise in demand for synthetic leather from the makeshift hospitals and healthcare institutes all around the world for beds and furniture to facilitate various patients suffering from COVID-19 and other diseases. These beds and other furniture mostly have medical-grade synthetic leather coverings and are antibacterial or antifungal in nature. In the case of the automotive industry, it has faced a major setback as the sales of the cares have dropped in the first half of the year, which has indirectly affected the demand for synthetic leather as it is mostly used in making the interiors of the cars. In addition, the fluctuation in the raw material prices of synthetic leather has also affected its market.

Market Dynamics

Driver: No Animal Killing Involved

According to People for the Ethical Treatment of Animals (PETA), more than a billion animals are slaughtered for their skin and hides every year. Most of the genuine leather comes from emerging economies such as China and India, where animal welfare laws are not enforced properly. However, stringent laws are likely to be enforced in Asia Pacific and the rest of the world, which will increase the demand for substitutes of pure leather. Thus, companies are focusing on alternatives to genuine leather, which is generally called synthetic leather. Synthetic leather does not involve killing animals, and manmade ingredients are used for its manufacturing.

Restraint: Harmful Effects of PU and PVC on Humans

Raw materials such as polyurethane (PU) and polyvinyl chloride (PVC) used to manufacture synthetic leather are harmful to human and animal health and the surrounding environment. PU is an isocyanate, which possesses potential harm to the lungs, as it causes asthma attacks and lung irritation. It irritates the skin and also causes difficulty in breathing due to lung infection. Workers in PU manufacturing plants are often exposed to polyurethane fumes that result in several health disorders such as vomiting, upset stomach, and dizziness.

PVC contains various toxic carcinogens such as vinyl chloride monomer (VCM), phthalates, and dioxin. Dioxin is highly toxic and harmful, and it is generally released when the plastic that contains chlorine is burned. Thus, the toxic nature of PVC and PU production process act as a major restraint for the synthetic leather market.

Opportunity: Focus on Development of bio-based synthetic leather

The manufacture of bio-based synthetic leather does not have any harmful traits. Manufacturers should focus on commercializing synthetic leather production by natural fibers such as flax or fibers of cotton mixed with palm, soybean, corn, and other plants. A new product in the synthetic leather market, called “Pinatex,” is being made from pineapple leaves. The fiber present in these leaves has the strength and flexibility needed for the manufacturing process. Pineapple leaves are considered a waste product, and thus, they are used to upscale them into something of value without using many resources. Shoes, handbags, and other accessories made of pineapple fibers have already hit the marketplace. Considering the growing government and environmental regulations regarding the usage of harmful toxic chemicals in the European Union and North America, bio-based synthetic leather can prove a major opportunity for synthetic leather manufacturers.

Challenge: Non-biodegradability of synthetic leather

Synthetic leather is made out of petrochemicals, which makes it non-biodegradable or sustainable. It takes a very long time to biodegrade and break down and produce micro-plastics. PVC and polyurethane are the most common materials used for synthetic leather but are criticized for their carbon-intensive footprint and lack of biodegradability. Polyurethane synthetic leathers take 500 years to decompose. They are safer to burn as they contain significantly lower levels of VOCs (Volatile Organic Compounds) than vinyl. Full and top grain leather, on the other hand, decomposes after only 50 years since it's made from organic material.

Synthetic Leather Market Ecosystem

Synthetic Leather (Artificial Leather) Market by Region

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“PVC-based leather is the second largest type for synthetic leather market in 2019”

PVC-based leather is a major alternative to real leather. It is produced by replacing the hydrogen group with the chloride group in the vinyl group. This product is then blended with chemicals to create synthetic leather. The major raw material used in this process is PVC. PVC-based leather was the first synthetic leather created in the 1920s. It is considered to be high strength and resistive to various climatic conditions. It is an easy-to-maintain and clean material and is therefore highly preferred in various industries.

“Automotive is projected to be the second-fastest growing end-use industry in synthetic leather market between 2020 and 2025.”

Synthetic leather is widely used in the automotive industry for various vehicles such as buses, cars, trucks, motorcycles, and agricultural vehicles. The major application of synthetic leather in the automotive industry is for seat upholstery. It is also used for various other parts such as steering wheel covers, door trims, knob & gear bot covers, sun visors & hoods, and roof linings. Its high elasticity makes the seats comfortable and resistant to cold and hot temperatures.

“Asia Pacific is the leading synthetic leather market, globally in terms of value and volume.”

The Asia Pacific mainly consists of major emerging nations such as China and India. Considering this scenario, the future for the development of most of the industries are high in the region. The synthetic leather market grows at a significant rate and offers opportunities for various manufacturers. The Asia Pacific region has a share of approximately 61.0% of the world’s population, and the manufacturing and processing vertical are growing at a faster pace in the region. The Asia Pacific is the leading synthetic leather market with China being the major market, which has a positive growth outlook.

Synthetic Leather (Artificial Leather) Market by Region

Key Market Players

The key market players profiled in the report include Kuraray Co. Ltd. (Japan), San Fang Chemical Industry Co. Ltd. (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Limited (India), NAN YA plastics corporation (Taiwan), Filwel Co. Ltd. (Japan), Zhejiang Hexin Industry Group Co., Ltd. (China), Alfatex N.V. (Belgium), H.R. Polycoats Pvt. Ltd. (India), and Yantai Wanhua Synthetic Leather Group Co. Ltd. (China).

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Scope of the Report

Report Metric

Details

Years considered for the study
  • 2018-2025
Base Year
  • 2019
Forecast period
  • 2020–2025
Units considered
  • Volume (Million Sq. Meter); Value (USD Million)
Segments
  • Type, End-Use Industry, and Region
Regions
  • APAC, North America, Europe, Middle East & Africa, and South America
Companies
  • Kuraray Co. Ltd. (Japan), San Fang Chemical Industry Co. Ltd. (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Limited (India), NAN YA plastics corporation (Taiwan), Filwel Co. Ltd. (Japan), Zhejiang Hexin Industry Group Co., Ltd. (China), Alfatex N.V. (Belgium), H.R. Polycoats Pvt. Ltd. (India), and Yantai Wanhua Synthetic Leather Group Co. Ltd. (China).

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

On the basis of Type, the synthetic leather market has been segmented as follows:

  • PU-Based
  • PVC Based
  • Bio-based

On the basis of end-use industry, the synthetic leather market has been segmented as follows:

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

On the basis of region, the synthetic leather market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • Middle East & Arica
  • South America

Frequently Asked Questions (FAQ):

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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

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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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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 Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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.: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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.: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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: Artificial 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 study involved four major activities to estimate the market size for synthetic leather. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The synthetic leather market comprises several stakeholders such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development in end-use industries such as footwear, furnishing, automotive, clothing, bags, purses & wallets, and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Synthetic Leather (Artificial Leather) Market  Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the synthetic leather market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry have been identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of volume and value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the size of the synthetic leather market, in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, and opportunities influencing the growth of the market
  • To define, describe, and segment the synthetic leather market on the basis of type and end-use industry
  • To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
  • 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 analyze competitive developments such as expansion, new product launch, merger & acquisition, and agreement in the synthetic leather market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

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

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Synthetic Leather Market Size,  Share & Growth Report
Report Code
CH 4801
Published ON
Mar, 2021
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