Synthetic Leather Market Size, Share, Manufacturers & Trends Analysis Report By Application (PU-based, PVC- based, Bio-based) By End-User (Footwear, Furnishing, Automotive, Clothing, Bags, purses & wallets, Others ) Based on Region, And Segment Forecasts, 2022 - 2028
- Report ID: BMRC 608 | Number of pages: 194 | Published Date: Feb 2022
Published | Category: Chemical And Materials | Delivery Timeline: 48 hrs
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Global Synthetic Leather Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing awareness about animal cruelty and vegan leather is one of the major factors which drive the growth of the Global Synthetic Leather Market.
Global Synthetic Leather Market is valued at USD 60.91 Billion in 2020 and is expected to reach USD 83.44 Billion by 2027 with a CAGR of 4.6% over the forecast period.
Scope of Global Synthetic Leather Market Report:
Synthetic leather is also called artificial leather, it is a material that is made from other materials not from animal skin. It is made by using different methods like Presstoff, in this method leather is made from paper pulp. Another one is Rexine, in this method leather is made from cloth surfaced with a mixture of nitrocellulose, camphor oil, alcohol. Some types of leather are made by the fermentation method. Synthetic leather is known by many other names like leatherette, imitation leather, PU leather, faux leather, pleather, vegan leather, etc. PU leather or polyurethane leather is a synthetic leather made of thermoplastic polymer used for making footwear or furniture. PU leather has many types like bi-cast leather, split leather, bonded leather, reconstituted leather, and corrected grain leather.
Synthetic leather is cheaper than genuine leather because it is easier to manufacture. It has applications in clothing, footwear, upholstery, and many more sectors. In footwear industries, synthetic leather is used for shoe linings, shoe uppers, and insoles etc. Whether Faux leather is used in furniture industries for manufacturing sofas, chairs, and headboard upholstery. Alternative leather or leather substitute were invented in 19th century. Nitrocellulose i.e. guncotton leather was manufactured by German chemist Christian Friedrich Schonbein in 1845. Later in 1846 collodion (pyroxylin) leather was developed by French scientist Louis Nicolas Menard.
The COVID-19 has shown a negative impact on the growth of the global synthetic leather market owing to the lockdown and disturbance in the supply chain network of most industries. It has applications in the industries such as footwear, furniture, automotive, and others which have shown a decline in growth thus, it has adversely affected the synthetic leather market. But, it will get the pace again with recovery from the Covid-19 situation.
Global synthetic leather market is segmented on the basis of types, end-user, AND region & country level. Based on types, the synthetic leather market is segmented into PU-based, PVC- based, Bio-based. Based on end-user, the market is divided into footwear, furnishing, automotive, clothing, bags, purses & wallets, others.
Synthetic Leather Manufacturers
Some key players for Global Synthetic Leather Market are Kuraray Co. Ltd., Mayor Uniquoters Limited, Teijin Limited, Zhejiang Hexin Industry Group Co. Ltd, Yantai Wanhua Synthetic Leather Group Co. Ltd., NAN YA plastics corporation, Alfatex N.V., H.R. Polycoats Pvt. Ltd., san Fang Chemical Industry Co. Ltd., Bombay Dyeing, E. I. du pont Nemours and Company, Indorma Corporation, China Petrolium Corporation, Toyobo Co Ltd., Toray Chemical Korea lnc. and others.
Global Synthetic Leather Market Segmentation:
By Application:
- PU-based
- PVC- based
- Bio-based
By End-User:
- Footwear
- Furnishing
- Automotive
- Clothing
- Bags, purses & wallets
- Others
News:
BASF and Greentech Established Joint Laboratory to Drive Innovation in Sustainable Synthetic Leather Development
On June 12th, 2019; A Memorandum of Understanding was inked by BASF and Greentech, a well-known Chinese synthetic leather firm, to establish a collaborative laboratory for synthetic leather development. The joint laboratory is the result of a long-term partnership between the two companies. BASF will focus on technical know-how, product development and production of polyurethane solutions, while Greentech will be responsible for the research and development of synthetic leather for a automobiles, fast-moving consumer products, and furniture are just a few examples. BASF made significant innovations to the synthetic leather manufacturing techniques with the introduction of non-organic solvent tops made without the use of organotin.
Increasing Awareness about Animal Cruelty and Vegan Leather is One of the Major Factors Driving the Industry Growth
Increasing awareness about animal cruelty and vegan leather is one of the major factors driving the growth of the global synthetic leather market. For instance, according to the Multidisciplinary Digital Publishing Institute (MDPI), 2021, over $40 billion global fur industry has been under tremendous scrutiny, in the past few years, for its inhuman practices. Most of the fur and leather products are manufactured via factory breeding, the animals are treated in small, dirty cages and later cruelly slaughtered. Then from the skin of an animal, leather and fur are manufactured. Some civic groups and animal protection groups like People for the Ethical Treatments of Animals (PETA) strongly encourage the people for alternative products and animal-friendly production processes. Day by day the vegan population in the world is increasing; this population is strongly restricting the use of animal products. So, the increasing awareness about animal cruelty and vegan leather are boosting the growth of global synthetic leather market.
In addition, the ban of fur and leather by top brands is also promoting the growth of the synthetic leather market. For instance; Macy’s lnc. and Bloomingdales in October 2019, announced that they would end the sale of animal fur products in 2020. Macy's lnc. will close its Fur Vault and Maximilian stores by 2021 as a result of this decision. Also Prada Group in 2020, they will no longer feature fur in their collections. Also includes brands, Miu Miu. Phillip Lim in 2019 also banned fur in their collections. Coach brand in 2019, which previously used real mink, fox, coyote, and rabbit fur in its designs announced the fur-free products. Also brands like Farfetch Burberry, Victoria Beckham, Chanel, dian von Furstenberg, Versace, Maison Margiela, Furla Group, Michael kors, Gucci, yoox-Net-a-Porter Group and Armani group banned the animal leather and fur in their collections.
Furthermore, its growing applications in furnishing, rising demand for alternative genuine leather, booming footwear sector, the rapid development of construction and automotive industries are some other factors supplementing the growth of the synthetic leather market. However, hazardous or harmful effects of synthetic leather which are made from PU and PVC on human and animal health as well as the environment may hinder the market growth. In spite of that, the development of bio-based synthetic leather may offer an opportunity for further growth of the market.
Asia Pacific is Anticipated to Witness the Fastest Growth in the Global Synthetic Leather Market
Geographically; the Asia Pacific is expected to show the fastest growth in the global synthetic leather market over the forecast period due to the increasing growth of automobile and automotive sectors and the development of advanced manufacturing processes in countries like Japan, India, and China in this region. For instance; according to the ARCIALA series on Intellectual Assets and Law in Asia 2019, in 2017 India was the world’s fourth-largest automobile and automotive market, and the demand for Indian vehicles continues to grow in the domestic and international market. According to the Center for Automotive Research 2020, Japan invested USD 24.6 billion into North America since 2009. In 2018 Japan was the third largest FDI in the U.S. In the automobile and automotive industries leather is used for various applications.
Europe is expected to witness significant growth in the global synthetic leather market due to strict government regulations for animal slaughtering and fur production in this region. For instance; according to MDPI 2021, England has banned fur breeding since 2000 and Austria since 2004. Also in the Netherlands, the second-largest producer of mink passed the law on banning fur breeding in 2012 and declared all farms which manufacture mink should be closed by 2024.
The regions covered in the Synthetic Leather market report are North America, Europe, Asia-Pacific, and the Rest of the World. Based on a country level, the market of Synthetic leather is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Benefits of Global Synthetic Leather Industry Report–
- Global Synthetic Leather Industry report covers in-depth historical and forecast analysis.
- Global Synthetic Leather Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Synthetic Leather Industry report helps to identify opportunities in the marketplace.
- Global Synthetic Leather Industry report covers extensive analysis of emerging trends and competitive landscape.
On Special Requirement Synthetic Leather Industry Report is also available for below Regions and Country:
North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Switzerland
- Belgium
- Rest of Europe
Asia-Pacific
- South Korea
- Japan
- China
- India
- Australia
- Philippines
- Singapore
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Colombia
- Brazil
- Argentina
- Peru
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
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Synthetic Leather Market By End-User, By Application And Industry Size Analysis
Table of Content
Chapter 1 Global Synthetic Leather Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Synthetic Leather Market Revenue Overview
1.3 Global Synthetic Leather Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025
Chapter 2 Global Synthetic Leather Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Global Synthetic Leather Market: SWOT Analysis
2.7 Global Synthetic Leather Market: PEST Analysis
2.7 Global Synthetic Leather Market: Porter’s Five Forces Analysis
2.8 Global Synthetic Leather Market: Attractiveness Analysis
2.8.1 Global Synthetic Leather Market: Attractiveness Analysis by Type
2.8.2 Global Synthetic Leather Market: Attractiveness Analysis by Grade
2.8.3 Global Synthetic Leather Market: Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1 Global Synthetic Leather Market
3.1.1 Global Synthetic Leather market Revenue (USD Billion), By Players 2018
3.1.2 Global Synthetic Leather Market Revenue Share (%), By Players 2018
Chapter 5 Global Synthetic Leather Market: By Product Type
5.1 Global Synthetic Leather Market Share (%), By Product Type, 2018
5.2 Global Synthetic Leather Market Revenue (USD Billion), By Product Type, 2015 – 2025
5.3 Global Synthetic Leather Market Revenue (USD Billion), By Retro,2015-2025
5.4 Global Synthetic Leather Market Revenue (USD Billion), 2015-2025
5.4 Global Synthetic Leather Market Revenue (USD Billion), 2015-2025
5.5 Global Synthetic Leather Market Revenue Share (%), By Product Type, 2015 – 2025
5.6 Global Synthetic Leather Market Revenue Market Share (%), By Product Type, 2015-2025
Chapter 6 Global Synthetic Leather Market: By Product Type
6.1 Global Synthetic Leather Market Share (%), By Product Type, 2018
6.2 Global Synthetic Leather Market Revenue (USD Billion), By Type, 2015 – 2025
Chapter 7 North America Synthetic Leather Market Analysis
7.1 North America Market Snapshot
7.1.1 North America Synthetic Leather Market Revenue and Growth Rate (%), 2015-2025.
7.1.2 North America Synthetic Leather Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
7.1.3 North America Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
7.1.5 North America Synthetic Leather Revenue (USD Billion) Overview, By Product Type, 2015-2025
7.1.6 North America Synthetic Leather Revenue (USD Billion) Overview, By Product Type , 2015-2025
Chapter 8 Europe Synthetic Leather Market Analysis
8.1 Europe Market Snapshot
8.1.1 Europe Synthetic Leather Market Revenue and Growth Rate (%), 2015-2025.
8.1.2 Europe Synthetic Leather Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
8.1.3 Europe Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
8.1.5 Europe Synthetic Leather Revenue (USD Billion) Overview, By Product Type, 2015-2025
8.1.6 Europe Synthetic Leather Revenue (USD Billion) Overview, By Type, 2015-2025
Chapter 9 Asia Pacific Synthetic Leather Market Analysis
9.1 Asia Pacific Market Snapshot
9.1.1 Asia Pacific Synthetic Leather Market Revenue and Growth Rate (%), 2015-2025.
9.1.2 Asia Pacific Synthetic Leather Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
9.1.3 Asia Pacific Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
9.1.5 Asia Pacific Synthetic Leather Revenue (USD Billion) Overview, By Product Type, 2015-2025
9.1.6 Asia Pacific Synthetic Leather Revenue (USD Billion) Overview, By Type, 2015-2025
Chapter 10 Latin America Synthetic Leather Market Analysis
10.1 Latin America Market Snapshot
10.1.1 Latin America Synthetic Leather Market Revenue and Growth Rate (%), 2015-2025.
10.1.2 Latin America Synthetic Leather Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
10.1.3 Latin America Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
10.1.5 Latin America Synthetic Leather Revenue (USD Billion) Overview, By Product Type, 2015-2025
10.1.6 Latin America Synthetic Leather Revenue (USD Billion) Overview, By Type, 2015-2025
Chapter 11 Middle East & Africa Synthetic Leather Market Analysis
11.1 Middle East & Africa Market Snapshot
11.1.1 Middle East & Africa Synthetic Leather Market Revenue and Growth Rate (%), 2015-2025.
11.1.2 Middle East & Africa Synthetic Leather Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
11.1.3 Middle East & Africa Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
11.1.5 Middle East & Africa Synthetic Leather Revenue (USD Billion) Overview, By Product Type, 2015-2025
11.1.6 Middle East & Africa Synthetic Leather Revenue (USD Billion) Overview, By Type, 2015-2025
Chapter 12 Competitive Analysis
12.1 Company 1.
12.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
12.1.2 Company 1. Total Company Revenue 2015-2018
12.1.3 Company 1. Total Company Revenue, By Segment of Business 2015-2018
12.1.4 Company 1. Total Company Revenue, By Region 2015-2018
12.1.5 Company 1. Global Synthetic Leather Product Category and Description
12.1.6 Company 1. Recent Activity 2015-2019
12.1.7 Main Business/Business Overview
12.1.8 Business Strategy
12.1.9 SWOT Analysis
12.2 Company 2.
12.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
12.2.2 Company 2. Total Company Revenue 2015-2018
12.2.3 Company 2. Total Company Revenue, By Segment of Business 2015-2018
12.2.4 Company 2. Total Company Revenue, By Region 2015-2018
12.2.5 Company 2. Global Synthetic Leather Product Category and Description
12.2.6 Company 2. Recent Activity 2015-2019
12.2.7 Main Business/Business Overview
12.2.8 Business Strategy
12.2.9 SWOT Analysis
12.3 Company 3
12.3.1 Business Overview
12.3.2 Company 3Market Product Category and Description & Specification
12.3.3 Main Business/Business Overview
12.3.4 Business Strategy
12.3.5 SWOT Analysis
12.4 Company 4.
12.4.1 Business Overview
12.4.2 Company 4.Company Total Company Revenue 2015-2018
12.4.3 Company 4.Company Total Company Revenue, By Segment of Business 2015-2018
12.4.4 Company 4.Company Total Company Revenue, By Region of Business 2015-2018
12.4.5 Company 4.Company Product Category, Specification and Description
12.4.6 Company 4.Company Recent Mergers & Acquisitions (M&A) Activity 2015-2019
12.4.7 Company 4.Company Main Business/Business Overview
12.4.8 Business Strategy
12.4.9 SWOT Analysis
12.5 Company 5
12.5.1 Business Overview
12.5.2 Company 5 Company Net Sales 2015-2018
12.5.3 Company 5 Company Net Sales, By Segment of Business 2011-2018
12.5.4 Company 5 Company Net Sales, By Region 2015-2018
12.5.5 Company 5 Synthetic Leather Market Product Category and Specification
12.5.6 Company 5 Recent Mergers & Acquisitions (M&A) Activity 2015-2019
12.5.7 Company 5 Main Business/Business Overview
12.5.8 Business Strategy
12.5.9 SWOT Analysis
12.6 Company 6
12.6.1 Business Overview
12.6.2 Company 6 Synthetic Leather Market Product Category and Specification
12.6.3 Company 6 Recent Mergers & Acquisitions (M&A) Activity 2015-2019
12.6.4 Company 6 Main Business/Business Overview
12.6.5 Business Strategy
12.6.6 SWOT Analysis
Chapter 13 Market Research Findings & Conclusion
Chapter 14 Research Methodology
14.1 Research Process
14.2 Primary Research
14.3 Secondary Research
14.4 Market Size Estimates
14.5 Forecast Model
14.7 Who is This Report For?
14.8 USP’s of Report
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List of Figures
FIG. 1 Global Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015- 2025
FIG. 4 Global Synthetic Leather Market: Attractiveness Analysis By Product Type
FIG. 5 Global Synthetic Leather Market: Attractiveness Analysis By Type
FIG. 6 Global Synthetic Leather Market: Attractiveness Analysis by Regional
FIG. 7 Global Synthetic Leather Market
FIG. 8 Global Synthetic Leather Market Share (%), By Product Type, 2018
FIG. 9 Global Synthetic Leather Market Revenue (USD Billion), By Application, 2015-2025
FIG. 10 Global Synthetic Leather Market Revenue (USD Billion), By End Use , 2015-2025
FIG. 10 Global Synthetic Leather Market Revenue (USD Billion), By Type, 2015-2025
FIG. 11 Global Synthetic Leather Market Revenue Market Share (%), By Product Type, 2015-2025
FIG. 20 North America Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 21 North America Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 22 Europe Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 23 Europe Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 24 Asia Pacific Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 25 Asia Pacific Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 26 Latin America Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 27 Latin America Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 28 Middle East & Africa Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 29 Middle East & Africa Synthetic Leather Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 30 Company 1. Total Company Revenue 2015-2018 (USD Million, R & D Expenses %)
FIG. 31 Company 1. Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 32 Company 1. Total Company Revenue, by Region 2015-2018 (USD Million, AGR %)
FIG. 33 Company 2. Total Company Revenue 2015-2018 (USD Million)
FIG. 34 Company 2. Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 35 Company 2. Total Company Revenue, by Region 2015-2018 (USD Million, AGR %) 119
FIG. 36 Company 3 Total Company Revenue 2015-2018 (USD Million)
FIG. 37 Company 3 Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 38 Company 3 Total Company Revenue, by Region of Business 2015-2018 (USD Million, AGR %)
FIG. 39 Company 4. Company Net Sales 2015-2018 (USD Million, R & D Expenses %)
FIG. 40 Company 4. Company Net Sales, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 41 Company 4. Company Net Sales, by Region 2015-2018 (USD Million, AGR %)
FIG. 42 Company 5 Total Company Revenue 2015-2018 (USD Million, R & D Expenses %)
FIG. 43 Company 5 Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 44 Primary Research
FIG. 45 Sources of Secondary Research
FIG. 46 Forecast Model
List of Tables
TABLE 1 Global Synthetic Leather Market Overview
TABLE 2 Market Driver Impact Analysis
TABLE 3 Market Restraints Impact Analysis
TABLE 4 Global Synthetic Leather market Revenue (USD Billion), By Players2018
TABLE 5 Global Synthetic Leather market Revenue Market share (%), By Players- 2018
TABLE 6 Global Synthetic Leather Market Revenue (USD Billion), By Product Type, 2015 - 2025
TABLE 7 Global Synthetic Leather Market Revenue Share (%), By Product Type, 2015 - 2025
TABLE 8 Global Synthetic Leather Market Revenue (USD Billion), By Product Type, 2015 - 2025
TABLE 9 Global Synthetic Leather Market Revenue Share (%), By Product Type, 2015 - 2025
TABLE 10 Global Synthetic Leather Market Revenue (USD Billion), 2015 - 2025
TABLE 11 Global Synthetic Leather Market Revenue Share (%), By , 2015 - 2025
More …………...
Synthetic Leather Market Size, Share, Manufacturers & Trends Analysis Report By Application (PU-based, PVC- based, Bio-based) By End-User (Footwear, Furnishing, Automotive, Clothing, Bags, purses & wallets, Others ) Based on Region, And Segment Forecasts, 2022 - 2028
