Global Synthetic Leather Market Research Report—Forecast till 2025

Global Synthetic Leather Market Research Report—Forecast till 2025

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Global Synthetic Leather Market is anticipated to witness significant growth during the forecast period, exhibiting a CAGR of 6.74% to surpass a value of USD 38,251.72 Million by the end of the forecast period.

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Global Synthetic Leather Market Research Report—Forecast till 2025

Market Dynamics
Global Synthetic Leather Market is anticipated to witness significant growth during the forecast period, exhibiting a CAGR of 6.74% to surpass a value of USD 38,251.72 Million by the end of the forecast period. The massive demand for synthetic leather from the footwear industry across the world is expected to drive the market during the review period. Synthetic leather is finding wide areas applications at the place of natural leather. As per the research, the footwear market globally is anticipated to generate a revenue of over USD 135 billion with a user intrusion of 43.1% by 2025.
Global Synthetic Leather Market is anticipated to register substantial market expansion during the forecast period. The major factor driving the growth of the market is the rising demand for synthetic leather in the footwear industry. The global market growth is attributed to the rising application of synthetic leather in the automotive industry owing to its high elasticity, breathability, and heat-resistant properties. moreover, the rising adoption of bio-based materials to manufacture synthetic leather is expected to create growth opportunities for the major market players during the research period. However, the environmental effect of PU-based and PVC-based synthetic leather is a prime factor expected to hinder the global market growth during the review period.

Market Segmentation
Global Synthetic Leather Market has been classified into Type, Application, and Region.
Based on the type segment, the synthetic leather market is divided into PU, PVC, and biobased. The PU-based is estimated to register a CAGR of over 6% during the forecast period.
In terms of the Application segment, the global synthetic leather market has been classified into furnishing, automotive, footwear, accessories, clothing, electronics, and others. The footwear segment is expected to dominate the global synthetic leather market owing to the largest market share of around 35% by value in 2019 owing to the increasing consumption across Asia-Pacific.
Regional Analysis
Global Synthetic Leather Market has been divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific is expected to lead the market to register a notable CAGR OF 7.0% during the review period. The regional market growth is attributed to the rapid industrialization rate and growing per-capita income in these countries.
North America is expected to register the second-largest market share of the global synthetic leather having a market value of around USD 6,500 million in 2019. The US contributes a leading market share of the regional market and is expected to register a higher CAGR during the forecast period.
Prominent Players
The Major Players operating in the Global Synthetic Leather Market are Kuraray Co. Ltd, H.R. Polycoats Pvt. Ltd, Alfatex Italia SRL, Filwel Co. Ltd, Yantai Wanhua Synthetic Leather Group Co. Ltd, San Fang Chemical Industry Co. Ltd, Mayur Uniquoters Limited, Nan Ya Plastics Corporation, Zhejiang Hexin Industry Group Co. Ltd, Teijin Limited, DuPont Tate & Lyle Bio Products Company, LLC, Gruppo Mastrotto SPA, Asahi Kasei Corporation, and Toray Group.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT 1 EXECUTIVE SUMMARY 1.1 MARKET ATTRACTIVENESS ANALYSIS 28 1.1.1 GLOBAL SYNTHETIC LEATHER MARKET, BY TYPE 29 1.1.2 GLOBAL SYNTHETIC LEATHER MARKET, BY APPLICATION 30 1.1.3 GLOBAL SYNTHETIC LEATHER MARKET, BY REGION 31 2 MARKET INTRODUCTION 2.1 DEFINITION 32 2.2 SCOPE OF THE STUDY 32 2.3 MARKET STRUCTURE 32 3 RESEARCH METHODOLOGY 3.1 RESEARCH PROCESS 33 3.2 PRIMARY RESEARCH 34 3.3 SECONDARY RESEARCH 35 3.4 MARKET SIZE ESTIMATION 35 3.5 TOP DOWN & BOTTOM UP APPROACH 36 3.6 FORECAST MODEL 37 3.7 LIST OF ASSUMPTIONS 38 4 MARKET DYNAMICS 4.1 INTRODUCTION 39 4.2 DRIVERS 40 4.2.1 HEALTHY GROWTH OF THE FOOTWEAR INDUSTRY ACROSS THE GLOBE 40 4.2.2 INCREASING DEMAND FOR SYNTHETIC LEATHER IN THE FAST-GROWING AUTOMOTIVE INDUSTRY 43 4.2.3 DRIVERS IMPACT ANALYSIS 45 4.3 RESTRAINTS 46 4.3.1 ENVIRONMENTAL ISSUES ASSOCIATED WITH THE PU AND PVC 46 4.3.2 RESTRAINTS IMPACT ANALYSIS 47 4.4 OPPORTUNITIES 47 4.4.1 GROWING POPULARITY OF THE BIO-BASED LEATHER IN THE TEXTILE INDUSTRY 47 5 MARKET FACTOR ANALYSIS 5.1 SUPPLY CHAIN ANALYSIS 48 5.1.1 RAW MATERIALS SUPPLIERS 49 5.1.1.1 POLYVINYL CHLORIDE (PVC) 49 5.1.1.2 POLYURETHANE (PU) 49 5.1.1.3 BIO-BASED MATERIALS 49 5.1.1.4 RELEASE PAPER 49 5.1.2 SYNTHETIC LEATHER MANUFACTURERS 50 5.1.3 DISTRIBUTION CHANNEL 50 5.1.4 END-USE INDUSTRIES 52 5.2 PORTER’S FIVE FORCES MODEL 53 5.2.1 THREAT OF NEW ENTRANTS 53 5.2.2 INTENSITY OF COMPETITIVE RIVALRY 54 5.2.3 THREAT OF SUBSTITUTES 54 5.2.4 BARGAINING POWER OF SUPPLIERS 54 5.2.5 BARGAINING POWER OF BUYERS 54 5.3 PRICING ANALYSIS, BY REGION 55 5.4 COVID-19 IMPACT ON SYNTHETIC LEATHER INDUSTRY 55 5.4.1 OVERVIEW OF SUPPLY SCENARIO 55 5.4.2 IMPACT OF COVID-19 ON THE SUPPLY CHAIN OF SYNTHETIC LEATHER INDUSTRY 55 5.4.2.1 IMPACT ON RAW MATERIAL SUPPLIER 55 5.4.2.2 IMPACT ON LEATHER MANUFACTURER 55 5.4.2.3 IMPACT ON SALES & DISTRIBUTION 55 5.4.2.4 IMPACT ON END USE 56 5.4.3 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FOR SYNTHETIC LEATHER INDUSTRY DUE TO COVID-19 56 5.4.3.1 AUTOMOTIVE 56 5.4.3.2 ELECTRICAL & ELECTRONICS 56 5.4.3.3 OTHERS 56 5.4.4 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL ECONOMY 57 5.4.5 NUMBER OF COVID-19 CASES AS OF 3RD JUNE 2020 57 5.4.6 MAJOR GOVERNMENT POLICIES TO COUNTER THE IMPACT OF COVID-19 57 5.4.6.1 US 57 5.4.6.1.1 FISCAL POLICIES 57 5.4.6.1.2 MONETARY AND MACRO-FINANCIAL 58 5.4.6.2 EUROPEAN UNION 58 5.4.6.2.1 FISCAL POLICIES 58 5.4.6.2.2 MONETARY AND MACRO-FINANCIAL 58 5.4.6.3 CHINA 59 5.4.6.3.1 FISCAL POLICIES 59 5.4.6.3.2 MONETARY AND MACRO-FINANCIAL 59 5.4.6.4 INDIA 59 5.4.6.4.1 FISCAL POLICIES 59 5.4.6.4.2 MONETARY AND MACRO-FINANCIAL 59 6 GLOBAL SYNTHETIC LEATHER MARKET, BY TYPE 6.1 OVERVIEW 61 6.1.1 SYNTHETIC LEATHER: MARKET ESTIMATES & FORECAST BY TYPE, 2016–2025 62 6.1.2 SYNTHETIC LEATHER: MARKET ESTIMATES & FORECAST BY TYPE, 2016–2025 63 6.2 PU-BASED 63 6.2.1 PU-BASED: MARKET ESTIMATES & FORECAST BY REGION,2016–2025 64 6.3 PVC-BASED 65 6.3.1 PVC-BASED: MARKET ESTIMATES & FORECAST BY REGION, 2016–2025 65 6.4 BIO-BASED 66 6.4.1 BIO-BASED: MARKET ESTIMATES & FORECAST BY REGION,2016–2025 66 7 GLOBAL SYNTHETIC LEATHER MARKET, BY APPLICATION 7.1 OVERVIEW 68 7.1.1 SYNTHETIC LEATHER: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 69 7.1.2 SYNTHETIC LEATHER: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 70 7.1.3 FURNISHING: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 70 7.1.4 FURNISHING: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 71 7.1.5 AUTOMOTIVE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 71 7.1.6 AUTOMOTIVE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 72 7.1.7 FOOTWEAR: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 72 7.1.8 FOOTWEAR: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 73 7.1.9 ACCESSORIES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 73 7.1.10 ACCESSORIES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 74 7.1.11 CLOTHING: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 74 7.1.12 CLOTHING: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 75 7.1.13 ELECTRONICS: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 75 7.1.14 ELECTRONICS: MARKET ESTIMATES & FORECAST BY APPLICATION, 2016–2025 76 8 GLOBAL SYNTHETIC LEATHER MARKET, BY REGION 8.1 OVERVIEW 77 8.2 NORTH AMERICA 80 8.2.1 US 89 8.2.2 CANADA 96 8.3 EUROPE 103 8.3.1 GERMANY 111 8.3.2 UK 118 8.3.3 FRANCE 125 8.3.4 SPAIN 132 8.3.5 ITALY 139 8.3.6 RUSSIA 146 8.3.7 POLAND 153 8.3.8 REST OF EUROPE 160 8.4 ASIA-PACIFIC 169 8.4.1 CHINA 177 8.4.2 JAPAN 184 8.4.3 INDIA 191 8.4.4 SOUTH KOREA 198 8.4.5 REST OF ASIA-PACIFIC 205 8.5 MIDDLE EAST & AFRICA 214 8.5.1 GCC COUNTRIES 223 8.5.2 SOUTH AFRICA 231 8.5.3 REST OF THE MIDDLE EAST & AFRICA 239 8.6 LATIN AMERICA 248 8.6.1 BRAZIL 257 8.6.2 MEXICO 264 8.6.3 ARGENTINA 271 8.6.4 REST OF LATIN AMERICA 278 9 COMPETITIVE LANDSCAPE 9.1 COMPETITIVE OVERVIEW 287 9.2 GLOBAL MARKET STRATEGY ANALYSIS 287 9.3 KEY DEVELOPMENTS 288 9.4 STARTUP OVERVIEW 289 9.4.1 LIST OF STARTUPS 289 10 COMPANY PROFILES 10.1 KURARAY CO. LTD 292 10.1.1 COMPANY OVERVIEW 292 10.1.2 FINANCIAL OVERVIEW 293 10.1.3 PRODUCTS OFFERED 293 10.1.4 KEY DEVELOPMENTS 294 10.1.5 SWOT ANALYSIS 294 10.1.6 KEY STRATEGIES 294 10.2 CONTITECH AG 295 10.2.1 COMPANY OVERVIEW 295 10.2.2 FINANCIAL OVERVIEW 295 10.2.3 PRODUCTS OFFERED 296 10.2.4 KEY DEVELOPMENTS 296 10.2.5 SWOT ANALYSIS 297 10.2.6 KEY STRATEGIES 297 10.3 H.R. POLYCOATS PVT. LTD 298 10.3.1 COMPANY OVERVIEW 298 10.3.2 FINANCIAL OVERVIEW 298 10.3.3 PRODUCTS OFFERED 298 10.3.4 KEY DEVELOPMENTS 298 10.3.5 SWOT ANALYSIS 299 10.3.6 KEY STRATEGIES 299 10.4 ALFATEX ITALIA SRL 300 10.4.1 COMPANY OVERVIEW 300 10.4.2 FINANCIAL OVERVIEW 300 10.4.3 PRODUCTS OFFERED 300 10.4.4 KEY DEVELOPMENTS 301 10.4.5 SWOT ANALYSIS 301 10.4.6 KEY STRATEGIES 301 10.5 FILWEL CO. LTD 302 10.5.1 COMPANY OVERVIEW 302 10.5.2 FINANCIAL OVERVIEW 302 10.5.3 PRODUCTS OFFERED 303 10.5.4 KEY DEVELOPMENTS 303 10.5.5 SWOT ANALYSIS 303 10.5.6 KEY STRATEGIES 304 10.6 WANHUA CHEMICAL GROUP CO., LTD 305 10.6.1 COMPANY OVERVIEW 305 10.6.2 FINANCIAL OVERVIEW 305 10.6.3 PRODUCTS OFFERED 306 10.6.4 KEY DEVELOPMENTS 306 10.6.5 SWOT ANALYSIS 307 10.6.6 KEY STRATEGIES 307 10.7 SAN FANG CHEMICAL INDUSTRY CO., LTD 308 10.7.1 COMPANY OVERVIEW 308 10.7.2 FINANCIAL OVERVIEW 308 10.7.3 PRODUCTS OFFERED 309 10.7.4 KEY DEVELOPMENTS 309 10.7.5 SWOT ANALYSIS 310 10.7.6 KEY STRATEGIES 310 10.8 MAYUR UNIQUOTERS LIMITED 311 10.8.1 COMPANY OVERVIEW 311 10.8.2 FINANCIAL OVERVIEW 311 10.8.3 PRODUCTS OFFERED 312 10.8.4 SWOT ANALYSIS 312 10.8.5 KEY STRATEGIES 312 10.9 NAN YA PLASTICS CORPORATION 313 10.9.1 COMPANY OVERVIEW 313 10.9.2 FINANCIAL OVERVIEW 314 10.9.3 PRODUCTS OFFERED 314 10.9.4 KEY DEVELOPMENTS 315 10.9.5 SWOT ANALYSIS 315 10.9.6 KEY STRATEGIES 315 10.10 ZHEJIANG HEXIN HOLDINGS CO., LTD 316 10.10.1 COMPANY OVERVIEW 316 10.10.2 FINANCIAL OVERVIEW 316 10.10.3 PRODUCTS OFFERED 316 10.10.4 KEY DEVELOPMENTS 316 10.10.5 SWOT ANALYSIS 317 10.10.6 KEY STRATEGIES 317 10.11 TEIJIN LIMITED 318 10.11.1 COMPANY OVERVIEW 318 10.11.2 FINANCIAL OVERVIEW 318 10.11.3 PRODUCTS OFFERED 319 10.11.4 KEY DEVELOPMENTS 319 10.11.5 SWOT ANALYSIS 319 10.11.6 KEY STRATEGIES 320 10.12 DUPONT TATE & LYLE BIO PRODUCTS 321 10.12.1 COMPANY OVERVIEW 321 10.12.2 FINANCIAL OVERVIEW 321 10.12.3 PRODUCTS OFFERED 321 10.12.4 KEY DEVELOPMENTS 321 10.12.5 SWOT ANALYSIS 322 10.12.6 KEY STRATEGIES 322 10.13 GRUPPO MASTROTTO SPA 323 10.13.1 COMPANY OVERVIEW 323 10.13.2 FINANCIAL OVERVIEW 323 10.13.3 PRODUCTS OFFERED 323 10.13.4 KEY DEVELOPMENTS 323 10.13.5 SWOT ANALYSIS 324 10.13.6 KEY STRATEGIES 324 10.14 ASAHI KASEI CORPORATION 325 10.14.1 COMPANY OVERVIEW 325 10.14.2 FINANCIAL OVERVIEW 325 10.14.3 PRODUCTS OFFERED 326 10.14.4 KEY DEVELOPMENTS 326 10.14.5 SWOT ANALYSIS 326 10.14.6 KEY STRATEGIES 326 10.15 TORAY INDUSTRIES INC 327 10.15.1 COMPANY OVERVIEW 327 10.15.2 FINANCIAL OVERVIEW 327 10.15.3 PRODUCTS OFFERED 328 10.15.4 KEY DEVELOPMENTS 328 10.15.5 SWOT ANALYSIS 328 10.15.6 KEY STRATEGIES 329 10.16 KYOWA LEATHER CLOTH CO., LTD. 330 10.16.1 COMPANY OVERVIEW 330 10.16.2 FINANCIAL OVERVIEW 330 10.16.3 PRODUCTS OFFERED 331 10.16.4 KEY DEVELOPMENTS 331 10.16.5 SWOT ANALYSIS 332 10.16.6 KEY STRATEGIES 332 10.17 ACHILLES CORPORATION 333 10.17.1 COMPANY OVERVIEW 333 10.17.2 FINANCIAL OVERVIEW 333 10.17.3 PRODUCTS OFFERED 333 10.17.4 KEY DEVELOPMENTS 333 10.17.5 SWOT ANALYSIS 334 10.17.6 KEY STRATEGIES 334 10.18 VULCAFLEX S.P.A. 335 10.18.1 COMPANY OVERVIEW 335 10.18.2 FINANCIAL OVERVIEW 335 10.18.3 PRODUCTS OFFERED 335 10.18.4 KEY DEVELOPMENTS 336 10.18.5 SWOT ANALYSIS 336 10.18.6 KEY STRATEGIES 336 10.19 SCIENTEX BERHAD 337 10.19.1 COMPANY OVERVIEW 337 10.19.2 FINANCIAL OVERVIEW 337 10.19.3 PRODUCTS OFFERED 338 10.19.4 KEY DEVELOPMENTS 338 10.19.5 SWOT ANALYSIS 339 10.19.6 KEY STRATEGIES 339 11 APPENDIX 11.1 REFERENCES 340 11.2 RELATED REPORTS 340

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