Desert Daily

Key Driving Factors Of The Synthetic Leather Market

 Breaking News
  • No posts were found

Key Driving Factors Of The Synthetic Leather Market

February 05
21:06 2020
Key Driving Factors Of The Synthetic Leather Market

Browse 105 market data tables and 56 figures spread through 142 pages and in-depth TOC on “Synthetic Leather (Artificial Leather) Market”
Synthetic Leather (Artificial Leather) Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics)

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 global synthetic leather market is segmented on the basis of type, end-use industry, and region.

Download PDF Brochure:

PU-based synthetic leather accounted for the largest share of the overall synthetic leather market in 2015. It is also projected to register the highest CAGR from 2016 to 2021. The major factor driving the demand for PU-based synthetic leather is, its environment friendliness as compared to PVC-based leather. The processing of PU-based synthetic leather does not release harmful toxic compounds, unlike PVC-based leather. The use of PVC is regulated in various countries in Europe and North America.

The demand for synthetic leather in the footwear industry is projected to register the second highest CAGR during the forecast period. The positive economic growth, and flourishing fashion industry in the Asia-Pacific region and some regions of Africa and South America is expected to drive the demand for synthetic leather in this industry. The growing automotive, and clothing industry due to growing disposable incomes of consumers around the world, is expected to drive the global synthetic leather market.

Request for sample report:

The Asia-Pacific region is expected to be the largest and fastest-growing synthetic leather market. Growing end-use industries in the Asia-Pacific region, accompanied by the development of new technologies and products, is projected to make it a major synthetic leather market.

Some of 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 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). Most of the companies have adopted new product development as their development strategy to strengthen their positions in the global synthetic leather market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: India

Warning: count(): Parameter must be an array or an object that implements Countable in /home/dimapurnewsdesk/ on line 5