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PUBLISHER: IMARC | PRODUCT CODE: 1291388
PUBLISHER: IMARC | PRODUCT CODE: 1291388
Synthetic Leather Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global synthetic leather market size reached US$ 37.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Synthetic leather, also called faux, artificial, rexine leather, or leatherette, is a material that has a similar appearance to leather but is not animal-made. It is composed of natural or synthetic fibers that are coated with plastic polymer. Usually, synthetic leather is primarily made from two types of materials - polyurethane (PU) and polyvinylchloride (PVC). Polyurethane leather or PU leather made of thermoplastic polymer is entirely manmade and offers the look and feel of genuine leather. Having a glossier appearance and less thickness than real leather, it is waterproof and easily washable. PU leather is extensively used in the making of furniture and shoes. In contrast, PVC leather is made from vinyl, which is less expensive and a good alternative to genuine leather. When altered with various fillers to change the texture, color, form, and effects, it can be used to manufacture various leather goods. Synthetic leather provides numerous benefits, such as enhanced durability and resistance to water, heat, severe climatic conditions, and UV (ultraviolet) rays.
Synthetic Leather Market Trends:
The market is primarily driven by the growing product demand from the footwear industry. Along with this, the increasing demand for luxury automotive and electric vehicles is facilitating the need for fancy leatherette car seats, which, in turn, is positively influencing the market. Additionally, with the evolving textile technologies, there has been a paradigm shift towards vegan fashion, which is fostering widespread product adoption across the globe. The augmenting demand for spandex clothes and competitive swimsuits is also propelling the product demand. Apart from this, stringent animal welfare laws enforced worldwide are further boosting the demand for synthetic alternatives, thereby creating a positive outlook for the market. Furthermore, rapid urbanization, rising environmental concerns among individuals, the growing awareness regarding sustainable fashion, and increasing investments in extensive research and development (R&D) activities are some of the other factors significantly contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global synthetic leather market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.
Breakup by Type:
- Bio-Based
- Polyvinylchloride (PVC) Based
- Polyurethane (PU) Based
Breakup by Application:
- Clothing
- Bags
- Shoes
- Purses and Wallets
- Accessories
- Car Interiors
- Belts
- Sports Goods
- Others
Breakup by End Use Industry:
- Footwear
- Furniture
- Automotive
- Textile
- Sports
- Electronics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, DuPont Tate & Lyle Bio Products Company LLC, FILWEL Co. Ltd. (Air Water Inc.), H.R. Polycoats Pvt. Ltd., Kuraray Co. Ltd., Mayur Uniquoters Limited, Nan Ya Plastics Corporation, San Fang Chemical Industry Co. Ltd., Teijin Limited and Zhejiang Hexin Holdings Co. Ltd.
Key Questions Answered in This Report:
- What was the size of the global synthetic leather market in 2022?
- What is the expected growth rate of the global synthetic leather market during 2023-2028?
- What are the key factors driving the global synthetic leather market?
- What has been the impact of COVID-19 on the global synthetic leather market?
- What is the breakup of the global synthetic leather market based on the type?
- What is the breakup of the global synthetic leather market based on the application?
- What is the breakup of the global synthetic leather market based on the end use industry?
- What are the key regions in the global synthetic leather market?
- Who are the key players/companies in the global synthetic leather market?
Product Code: SR112023A5420
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Synthetic Leather Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Bio-Based
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polyvinylchloride (PVC) Based
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polyurethane (PU) Based
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Clothing
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Bags
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Shoes
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Purses and Wallets
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Accessories
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Car Interiors
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Belts
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Sports Goods
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
- 7.9 Others
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Footwear
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Furniture
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Textile
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Sports
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Electronics
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Asahi Kasei Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 DuPont Tate & Lyle Bio Products Company LLC
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 FILWEL Co. Ltd. (Air Water Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 H.R. Polycoats Pvt. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Kuraray Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Mayur Uniquoters Limited
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Nan Ya Plastics Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 San Fang Chemical Industry Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Teijin Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Zhejiang Hexin Holdings Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.1 Asahi Kasei Corporation
Product Code: SR112023A5420
List of Figures
- Figure 1: Global: Synthetic Leather Market: Major Drivers and Challenges
- Figure 2: Global: Synthetic Leather Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Synthetic Leather Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Synthetic Leather Market: Breakup by Type (in %), 2022
- Figure 5: Global: Synthetic Leather Market: Breakup by Application (in %), 2022
- Figure 6: Global: Synthetic Leather Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Synthetic Leather Market: Breakup by Region (in %), 2022
- Figure 8: Global: Synthetic Leather (Bio-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Synthetic Leather (Bio-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Synthetic Leather (Polyvinylchloride (PVC) Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Synthetic Leather (Polyvinylchloride (PVC) Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Synthetic Leather (Polyurethane (PU) Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Synthetic Leather (Polyurethane (PU) Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Synthetic Leather (Clothing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Synthetic Leather (Clothing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Synthetic Leather (Bags) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Synthetic Leather (Bags) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Synthetic Leather (Shoes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Synthetic Leather (Shoes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Synthetic Leather (Purses and Wallets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Synthetic Leather (Purses and Wallets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Synthetic Leather (Accessories) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Synthetic Leather (Accessories) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Synthetic Leather (Car Interiors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Synthetic Leather (Car Interiors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Synthetic Leather (Belts) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Synthetic Leather (Belts) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Synthetic Leather (Sports Goods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Synthetic Leather (Sports Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Synthetic Leather (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Synthetic Leather (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Synthetic Leather (Footwear) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Synthetic Leather (Footwear) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Synthetic Leather (Furniture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Synthetic Leather (Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Synthetic Leather (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Synthetic Leather (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Synthetic Leather (Textile) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Synthetic Leather (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Synthetic Leather (Sports) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Synthetic Leather (Sports) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Synthetic Leather (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Synthetic Leather (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Synthetic Leather (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Synthetic Leather (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: North America: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: North America: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: United States: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: United States: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Canada: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Canada: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Asia-Pacific: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Asia-Pacific: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: China: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: China: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Japan: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Japan: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: India: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: India: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: South Korea: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: South Korea: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Australia: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Australia: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Indonesia: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Indonesia: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Europe: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Europe: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Germany: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Germany: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: France: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: France: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: United Kingdom: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: United Kingdom: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Italy: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Italy: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Spain: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Spain: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Russia: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Russia: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Others: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Others: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Latin America: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Latin America: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Brazil: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Brazil: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Mexico: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Mexico: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Others: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Others: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Middle East and Africa: Synthetic Leather Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Middle East and Africa: Synthetic Leather Market: Breakup by Country (in %), 2022
- Figure 94: Middle East and Africa: Synthetic Leather Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 95: Global: Synthetic Leather Industry: SWOT Analysis
- Figure 96: Global: Synthetic Leather Industry: Value Chain Analysis
- Figure 97: Global: Synthetic Leather Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Synthetic Leather Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Synthetic Leather Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Synthetic Leather Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Synthetic Leather Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Synthetic Leather Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Synthetic Leather Market: Competitive Structure
- Table 7: Global: Synthetic Leather Market: Key Players
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