Synthetic Leather Market

Report Highlights

The scope of this report is broad and covers different types of synthetic leather, along with the applications for furnishing, automotive, ladies footwear, garments, bags, purses, and wallets. The market is broken down by types of Synthetic leather, applications and regional markets. Revenue forecasts from 2019 to 2025 are given for each major type of synthetic leather, application, and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional synthetic leather markets; it explains the major market drivers of the synthetic leather industry, current trends within the industry, major applications, and the regional dynamics of the global synthetic leather market.
The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global synthetic leather industry.

Report Includes

• 62 tables
• An up-to-date analysis of the global synthetic leather market.
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026.
• Estimation of market size and revenue forecast for global synthetic leather market, and corresponding market share analysis by type, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for synthetic leather, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new products and products still in the development and their probability of successful commercial launch within the next five years
• Impact of COVID-19 on the Synthetic leather market as compared to overall global economy.
• Insight into the growth development strategies of major synthetic leather manufacturers and their key competitive landscape
• Descriptive company profiles of the leading market participants, including Kuraray Co. Ltd., San Fang Chemical Industry Co. Ltd., Teijin Limited, Mayur Uniquoters Limited, NAN YA plastics corporation, Filwel Co. Ltd., Zhejiang Hexin Industry Group Co., Ltd., Alfatex N.V., H.R. Polycoats Pvt. Ltd., and Yantai Wanhua Synthetic Leather Group Co. Ltd.

Summary.

Synthetic leather is man leather and is in huge demand as it offers various advantages over genuine leather in terms of availability, cost. Synthetic leathers are available in the market in a wide variety of colors, catering to various industries starting from footwear, automotive, and fashion industry. The biggest advantage of synthetic leather over genuine leather is that it is five to six times cheaper than genuine leather.

The global synthetic leather market will grow from over $29.2 billion in 2020 to $52.96 billion by 2027 at a five-year CAGR of 7.8%. The market for synthetic leather is expected to grow, mainly due to increasing demand from end-use applications such as footwear, automotive and fashion accessories such as bags, wallets.