Synthetic Leather (Artificial Leather) Market

New Product Development is the Major Strategy Followed by the Players in the Global Synthetic Leather Market

The global synthetic leather market was valued at USD 51.81 billion in 2015 and is projected to reach USD 208.81 billion by 2026, at a CAGR of 13.4% from 2016 to 2026. The major players adopted new product developments as a key strategy to increase their market shares and revenues, by providing customized and upgraded products to customers.

The major players operating in the global synthetic leather market are Kuraray Co., Ltd. (Japan), San Fang Chemical industry Co., Ltd (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Ltd. (India), Nan Ya Plastics Corporation (Taiwan), Filwel Co. Ltd. (Japan), Zhejiang Hexin Industry Group Co., Ltd.  (China), Alfatex (Italy), H.R. Polycoats Pvt. Ltd. (India), Yantai Wanhua Synthetic Leather Group Co., Ltd. (China).

 New product development is the major strategy followed by the players in the global synthetic leather market. Kuraray Co. Ltd. (Japan), is one of the leading synthetic leather manufacturers, globally. The company has been focusing on new product developments to maintain its leading position in the market. For instance, in October 2015, Kuraray developed a new variation of CLARINO, a synthetic leather to be used in the high fashion industry. It is a high-end synthetic leather, which has a fine texture that resembles natural leather. This will increase the demand for CLARINO in various end-use industries such as clothing, bags, purses, & wallets.

Teijin Limited (Japan) is another major player in the synthetic leather market. The company is also focusing on supply contracts as a part of its strategic development activities. In April 2016, Teijin announced the development of “Maestley”, a new substitute for natural leather.  This new product has a richness and texture similar to real leather, and its demand is growing in the footwear and bag industries.

This report provides a detailed analysis of the synthetic leather market and segments the same on the basis of type, end-use industry, and region. Based on type, the market has been segmented into PU-based, PVC-based, and bio-based. Based on end-use industry, the market has been segmented into footwear, furnishing, automotive, clothing, bags purses & wallets, and others. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Related Reports:

Synthetic Leather Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets) - Global Forecast to 2026

Contact:
Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]

Report Code
CH 4801
RI Published ON
12/2/2016
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Synthetic Leather (Artificial Leather) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved