Synthetic leather Market Research Report- Forecast to 2023
Synthetic Leather Market Growth Trends,
Manufacturers, Regions, Forecast 2023
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Copyright Š 2018 Market Research Future.
Synthetic leather Market Research Report- Forecast to 2023
1 Summary Global Synthetic Leather Market by Type (Polyurethane (PU), Polyvinylchloride (PVC) and Bio-Based), by End Use (Footwear, Furniture & Upholstery, Automotive, Clothing, Accessories, Sports, Electronics, and Others) and by Region till 2023
Synthetic Leather Market Scenario: Synthetic or Artificial Leather, also known as bicast leather is a fabric made of artificial materials such as polyurethane (PU), polyvinylchloride (PVC) and other bio-based materials, which are processed, dried and heated to resemble real leather. The Synthetic Leather is used as a substitute for real leather in diverse end uses including, clothing, footwear, upholstery, furniture and fabric, among others. It is majorly used in applications where a leather-like finish and appearance is required but the real leather is cost intensive, unsuitable and prohibitive due to ethical reasons. Artificial leather consists of a cloth base which is coated with a synthetic resin so that it resembles animal hide on the surface. The product is marketed under many names, such as "leatherette", "faux leather", "vegan leather", "PU leather" and "pleather". This type of leather-like material is one of the most durable materials on the market. The material comes with no seams which prevents the water to seep inside and cause damage to the material. Synthetic Leather exhibit some important properties which makes it preferable and advantageous over real leather. It includes, easy to wash, moisture resistance, greater durability and the most importantly cost effectiveness. The major end users of synthetic leather includes, footwear, furniture & upholstery, automotive, clothing, and accessories, among others. The global footwear market is growing at highest CAGR among other end users of Synthetic Leather. This is attributed to an increasing standard of living and growing urban population around the world. In coming years, the footwear industry is anticipated to fetch major share of overall demand of Synthetic Leather. In addition to this, increasing disposable income incentivizing people around the world to add value into their house, such as furnishing the house with an upholstery, which may fuel the demand of artificial leather. The cost-effective nature of product has offered it a greater opportunity to substitute real leather in major end uses such as footwear, accessories, and sports. The polyurethane-based Synthetic Leather is expected to witness the highest CAGR from 2017 to 2023 owing to the high demand from North America and Europe, due to the higher eco-friendly property as compared to PVC-based leather. This in turn is expected to drive growth of the Global Synthetic Leather Market. This is expected to continue throughout the forecast period to propel growth of the Global Synthetic Leather Market. However, the major bottleneck in the growth trajectory of the Global Synthetic Leather Market includes, the harmful effects of processing of PU and PVC on the ecosystem and human health. The developed economies in Europe and North America have put in place stringent regulations limiting the use of toxic synthetic materials such as PVC and PU. Nevertheless, major companies in the market are focusing on the development of new product as a major strategy to strengthen their market positions. The development of bio-based products provide high growth opportunities to Synthetic Leather manufacturers.
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Copyright Š 2018 Market Research Future.
Synthetic leather Market Research Report- Forecast to 2023
Top Industry Players:
Arry International Group Limited Hanwha Chemical Corporation NanoLab OCSiAI KUMHO PETROCHEMICAL Thomas Swan & Co. Ltd SHOWA DENKO K.K
Geographical Outlook: Geographically, there are five key regions in which the Global Synthetic Leather Market is spanned across. It includes Asia Pacific, Europe North America, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is the largest market owing to the growth of footwear, automotive and construction industry. India, Japan and China are the leading markets in this region on account of an increasing investment in major end uses of synthetic leather. Europe is following Asia Pacific in terms of market size in the Global Synthetic Leather Market. Major contributors to the regional market of Asia Pacific are U.K, France, Germany and Italy. Aerospace and automotive industries in Europe are the major consumers of Synthetic Leather along with the growing use in footwear and accessories segment in this region which,
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Copyright © 2018 Market Research Future.
Synthetic leather Market Research Report- Forecast to 2023
in turn, is driving the growth of regional market. North America is a substantial region in the Global Synthetic Leather Market, which is closely following Europe. U.S. is the largest market in this region owing to the presence of well-established end use industries such as automotive, aerospace along with sports industry. In U.S. there is a constant rise in the reconstruction and household revamping activities intended to manufactures sustainable and attractive homes. This is expected to favor market of Synthetic Leather in this region. Latin America is witnessing a steady growth of end use industries in countries namely Brazil and Argentina. The pacifying economic and political scenario in the region would push the growth in regional market forward. In coming years the opportunities for the Middle East & Africa may join the stream with the leading regions due to emerging end use industries namely building & construction and sports, which would help propel the growth of the regional market.
Segmentation : The Global Synthetic Leather Market is segmented on the basis of type, end use, and region. Based on type the market is divided into polyurethane (PU), polyvinylchloride (PVC) and bio-based. On the basis of end use the global synthetic leather market is segmented into footwear, furniture & upholstery, automotive, clothing, accessories, and sports, among others. Regionally, there five major regions in which the market is divided. It includes, Asia Pacific, Europe North America, Latin America, and Middle East & Africa.
Targeted Audience:
Synthetic Leather Manufacturers Traders and Distributors of Synthetic Leather Research and Development Institutes Potential Investors Raw Material Suppliers Nationalized Laboratory
IMPORTANT POINTS FROM TABLE OF CONTENTS: 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Research Objectives 2.2.2 Assumptions & Limitations 2.3 Markets Structure 3 Market Research Methodology 3.1 Research Process 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model
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Synthetic leather Market Research Report- Forecast to 2023
4 Market Landscape
4.1 Five Forces Analysis 4.1.1 Threat Of New Entrants 4.1.2 Bargaining Power Of Buyers 4.1.3 Threat Of Substitutes 4.1.4 Segment Rivalry 4.2 Value Chain/Supply Chain Of Global Synthetic Leather Market 5 Industry Overview Of Global Synthetic Leather Market
IMPORTANT POINTS FROM LIST OF FIGURES: FIGURE 1 Global Synthetic Leather Market Segmentation FIGURE 2 Forecast Methodology FIGURE 3 Five Forces Analysis Of Global Synthetic Leather Market FIGURE 4 Value Chain Of Global Synthetic Leather Market FIGURE 5 Share Of Global Synthetic Leather Market In 2016, By Country (In %) FIGURE 6 Global Synthetic Leather Market, 2016-2023, FIGURE 7 Sub Segments Of Type
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Copyright © 2018 Market Research Future.
Synthetic leather Market Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.
Synthetic leather Market Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.