Synthetic Leather Market

Synthetic Leather market Synopsis

The global Synthetic Leather market was valued at USD 32.6 Billion in 2023 and expected to grow from USD 35 Billion in 2024 to USD 65.4 Billion by 2033, reflecting a CAGR of 7.2% over the forecast period.

Synthetic Leather is manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. Normal PU is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, Normal PU can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.

The Synthetic Leather report is an in-depth examination of market dynamics in light of the main forces creating the industry. The latter includes market drivers for example technological innovations, rising customer demand, government support, and lifestyle changes that move the industry forward. Besides, it is revealed in the study that theoretically equally the market restraints might consist of factors like strict government regulations, economic downturn, deficient supply chain, and competitor’s pressures that lead to the market slowing down. Similarly, the Synthetic Leather market report shows the possibility stages as of new markets, innovative features of the products, and the latest digital trends in the transformation market as well as the challenges of material cost fluctuations and geopolitical uncertainties. The facts contained in the report will make it possible for business to come up with the strategies of increasing the chances of growth and solving the potential risks.

Another section of the Synthetic Leather market report is dedicated to the analysis of individual segments, where the market is broken down into several sub-segments based on such parameters as product type, application, end-use industry, and distribution channels. Every sub-segment is analysed in terms of value and share, hence, the stakeholders are empowered to identify the areas of good return and rapid growth only. The comparison of these sub-segments in addition to giving the market situation thus helps the enterprises to be informed about the most competitive goods and the most suitable investment positions in the global Synthetic Leather market space.

Market Segment by Type

    PVC

    Normal PU

    Microfiber PU

    Ecological Function PU



Market Segment by Applications

    Furnishing

• Chairs
• Sofas
• Other Furnishing

    Automotive

• Seats
• Interior Furnishings

    Footwear

• Sports Shoes
• Formal Shoes

    Wallets, bags & purses

• Wallets
• Bags
• Purses

    Clothing

• Jackets
• Belts
• Other Clothing

    Other Applications

The regional section of the report provides a distribution of the Synthetic Leather market according to different locations, regions, and countries such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The report unveils market size, share, and growth patterns for each region and key countries thus allowing the sectors to identify drivers, evaluate available opportunities, and make suitable strategies. Also, it deals with region-based traits like economic vibes, legal standing, and socio-cultural elements as well as the degree of competition.

By Region

North America (U.S., Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

In addition to above, the significant part (which is included in the research) is a competitive analysis of the landscape that presents in detail the profile of the top companies in the Synthetic Leather market. The profiles are made up of a company overview of each company, a listing of the company's products, the financial performance of the company, the strategies the company will execute, and the recent developments of the company. The report also puts forward company-wise market share in order to disclose the competitive positioning of the top players. The deeper understanding of the aforementioned changes allows sectors to compare their performance, pull knowledge from the market leaders, and come up with competitive strategies, not only limited to innovation, mergers, partnerships but also expansions.

Active Key Players in the Synthetic Leather Market 

    Kuraray

    Toray

    Teijin

    Bayer

    Favini

    Sappi

    Asahi Kansei

    Ducksung

    DAEWON Chemical

    Filwel

    Kolon

    Sanfang

    Nanya

    Wenzhou Imitation Leather

    Anhui Anli

    Fujian Tianshou

    Shandong Jinfeng

    Yantai Wanhua

    Shandong Tongda

    Jiaxing Hexin

    Kunshan Xiefu

    Huafon Group

    Wenzhou Huanghe

    Meisheng Industrial

    Xiamen Hongxin

    Fujian Huayang

    Sanling

    Hongdeli

    Shandong Friendship

    Wangkang Group

The content of the study subjects, includes a total 14 chapters

Chapter 1, 2 and 3 describe Synthetic Leather market executive summary, research scope, and detailed research methodology.

Chapter 4 provide Synthetic Leather market dynamics and its impact analysis such as market driving forces, restraining factors, market opportunities, latest trends, PESTLE analysis, porter's five forces analysis, etc.

Chapter 5, 6, and 7 exhibit thorough market size (USD Mn) analysis of type, application and regional segments of Synthetic Leather market, from 2021 to 2033.

Chapter 8, 9, 10, 11, and 12 depict detailed market size (USD Mn) and trends analysis of Synthetic Leather market segments on regional and country level, from 2021 to 2033.

Chapter 13 and 14 showcase competitive landscape analysis of Synthetic Leather market including market share (%) analysis for 2024 and detailed company profiles along with research findings & conclusion.