DUBLIN, March 19, 2021 / PRNewswire / – The Market “Synthetic Leather (Arctic Leather) by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End Use Industry (Footwear, Furniture, Automotive, Clothing, Luggage, Purses & Wallets, Sports, Electronics) and report added – Region – Global Forecast to 2025 ” ResearchAndMarkets.com’s offering.
Synthetic leather market size is considered USD 63.3 billion in 2020 and is expected to arrive 78.5 billion USD by 2025, at a CAGR of 4.4% between 2020 and 2025.
Factors such as growing demand from foot industry, no animal slaughter involved, advantages over pure leather, and increased demand for luxury cars and electric vehicles will drive the synthetic leather market. The main barrier for the market is the harmful effects of PU and PVC on people and the replacement of synthetic leather in the automotive industry. However, a focus on the development of any established synthetic leather will be an opportunity for the market.
PU-based leather is the largest type for synthetic leather market in 2019
PU-based leather is usually made using PU and different fabrics. It is made by covering fabrics such as polyester or cotton with a flexible polymer. It is also treated by various processes to resemble animal skin-based leather. PU-based synthetic leather is made using soft polymers, so no additional plasticizers are required. It offers several benefits such as waterproof, light weight and soft. In some cases, PU-based leather may tear easily, but does not fade or crack in sunlight. There is much better in the car and clothing industries. PU-based leather is considered to be more environmentally friendly than vinyl-based leather, as it does not form dioxide. PU-based leather is more expensive than PVC-based leather because of its extensive manufacturing process.
Shoes are considered to be the largest end-use industry in the synthetic leather market between 2020 and 2025.
Synthetic leather is widely used in the foot industry due to its excellent properties and high durability. It is used in shoe liners, shoe uppers, and insoles to make different types of shoes such as sneakers, boots & boots, and sandals & slippers. The growing demand for footwear in developed and emerging countries is expected to drive the demand for synthetic leather. Synthetic leather is widely used to make sports shoes for various games around the world due to its cost effectiveness. Sport shoes made of synthetic leather look similar to pure leather shoes and offer a number of other properties such as being resistant to water, heat, and harsh climate conditions. It is used to make men’s and women’s formal shoes for official purposes, boots for women and men in the fashion industry, and for those living in the cold regions of the world. Boots are made of genuine leather tears when exposed to snow and rain, but synthetic leather offers good resistance to rain and snow.
APAC is expected to be the largest synthetic leather market in the forecast period, both in terms of value and size.
The APAC includes such key emerging countries China and India. Therefore, there is potential in developing most businesses in this sector. The synthetic leather industry is growing exponentially and offers opportunities to various manufacturers. The APAC region accounts for about 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. APAC is the largest synthetic leather market by China as the main market that is expected to grow significantly. Rising disposable income and living standards in emerging economies in the APAC are the key drivers for this market.
The growing population of the region is expected to be accompanied by the development of new technologies and products making this region a unique destination for the growth of the synthetic leather industry. However, setting up new plants, implementing new technologies, and creating a value supply chain between raw material suppliers and manufacturing industries in emerging sectors is expected to be a challenge for industry players. the top of the APAC. Advanced segments of footwear and automobiles and advances in process manufacturing are some of the key drivers for the market in APAC. Countries like India, Indonesia, and China They are expected to see high growth in synthetic leather market due to the growing demand from the automotive industry.
Key topics covered:
2 Research Methodology
3 Executive Minutes
4 Premium Insights
4.1 Attractive market opportunities for synthetic leather manufacturers
4.2 Rapid growth in the synthetic leather market due to high demand in development sectors
4.3 Pu-based synthetic leather governs the synthetic leather market
4.4 The footwear & furniture industry is the potential market for synthetic leather manufacturers
5 Market outlook
5.2 Market classification
5.2.1 Synthetic Leather Market Seal, by Type
5.2.2 Synthetic Leather Market Seal, by End Use Industry
5.3 Market Dynamics
220.127.116.11 Growing demand from the foot industry
18.104.22.168 Excludes animal slaughter, making it a top choice of genuine leather
22.214.171.124 Advantages over genuine leather
126.96.36.199 Adverse effects of Pu and Pvc
188.8.131.52 Focus on developing bio-based synthetic leather
5.4 Financial Pocket Matrix
5.4.1 Financial Pocket Matrix for Synthetic Leather, by End Use Industry
5.5 Supply chain analysis
5.6 Porter Force Five Review
5.6.1 Bargaining power of suppliers
5.6.2 Buyer’s bargaining power
5.6.3 Agent Risk
5.6.4 Risk of New Entrants
5.6.5 Density of competitive competition
5.7 Economic Indicators
5.7.1 Business Outlook
6 Synthetic Leather Market, by type
6.2 Pu Synthetic Leather
6.2.1 Microfiber leather
6.3 Pvc based Synthetic Leather
6.4 Biodegradable leather
7 Synthetic Leather Market, by End Use Industry
7.2.1 Sport Shoes
7.2.2 Formal shoes and boots
7.2.3 Sandals & slippers
7.3.3 Woman & Other Bags
7.4.2 Steering wheel cover
7.4.3 Door Shutters, Knob, & Gear Bot
7.5.3 Tops, Pants, and others
7.6 Bags, Purses, & Wallets
8 Regional Analysis
8.2.4 South Korea
8.4 North America
8.5 South America
8.6 Middle East & Africa
8.6.1 The Middle East
9 Competitive Landscape
9.1 Competitive Criteria
10 Company Profiles
10.1 Kuraray Co., Ltd.
10.2 San Fang Chemical Industry Company, Ltd.
10.3 Teijin Limited
10.4 Mayur Uniquoters Limited
10.5 Nan Ya Plastic Industry Company, Ltd.
10.6 Filwel Co. Earr
10.7 Zhejiang Hexin Industry Group Co., Ltd.
10.9 HR Polycoats Pvt. Limited.
10.10 Yantai Wanhua Synthetic Leather Group Co., Ltd.
10.11 Additional Companies (Marvel Vinyls, Kolon Industries Inc., Toray Industries Inc., Anhui Material Technology Co., Ltd. Amway, Shandong Jinfeng Artificial Leather Co., Ltd., Limited, Arora Vinyl Pvt. Ltd., Zhejiang Yongfa Synthetic Leather Co., Limited, and others)
11.1 Debate Directions
11.2 Source of knowledge: The membership port
11.3 Includes Rt: Real-Time Market Knowledge
11.4 Available Customizations
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