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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 97.07 billion by 2029 | 4.81 % | Asia Pacific |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Synthetic Leather (Artificial Leather) Market Overview
The synthetic leather (artificial leather) market is expected to grow at 4.81 % CAGR from 2022 to 2029. It is expected to reach above USD 97.07 billion by 2029 from USD 63.6 billion in 2020.
Synthetic leather, commonly referred to as fake leather, has cutting-edge qualities including simple upkeep, UV resistance, high strength, more ductile, and high gloss finish. The price of goods created using synthetic leather is comparable to that of natural leather. Due to dyeing and additional treatments, synthetic leather resembles natural leather. Polyurethane or polyvinyl chloride are used in its manufacture.
The growth of the global synthetic leather market is primarily being driven by factors including an increase in awareness of and importance placed on animal cruelty, the development of the e-commerce industry, an increase in disposable income, an increase in demand for luxury goods, an increase in awareness of the advantages of synthetic leather over natural leather, and an increase in demand from the footwear industry. The market’s expansion is hampered by high import and tax tariffs as well as the negative consequences of PVC. On the other hand, it is projected that the market participants will benefit from the increased focus on developing bio-based leather.
Natural leather comes from killed animals, hence it entails animal cruelty. To defend the rights of animals, numerous governments have passed numerous laws and regulations. Legal restrictions on animal rights are now a major impediment for those who make natural leather. Demand for leather substitutes has increased as a result of rising public awareness of animal suffering, which has been fueled by initiatives supported by groups like PETA. Due to a growing supply-demand mismatch in the market for real leather, manufacturers are turning more and more to synthetic leather.
The cheaper cost of production for synthetic leather is a crucial factor driving its uptake. Compared to natural leather, synthetic leather is less expensive and easier to manufacture. As a result, investments in synthetic leather have increased, helping the product gain traction in the market. Activities used in the production of natural leather, notably tanning, harm the environment. Cost is another important element influencing the shift in demand for synthetic leather. Government rules and environmental legislation have contributed to the rise in popularity of synthetic leather.
Among other basic materials for synthetic leather, polyvinyl chloride and polyurethane are harmful to the environment, animal health, and human health. Real asthma attacks can be brought on by polyurethane isocyanate irritation of the lungs. Breathing becomes more difficult since it affects the epidermis. In polyurethane production plants, workers frequently breathe in polyurethane fumes, which can make them queasy, sick, and dizzy.
The production procedure for bio-based imitation leather doesn’t have any negative effects on the environment. The primary focus of producers should be synthetic leather made from natural fibers like flax or cotton combined with corn, palm or soybean, among others. In reality, the production of “Pinatex,” a revolutionary synthetic leather product, uses pineapple fruit leaves. The elastic and sturdy fiber in these pineapple leaves makes them ideal for use in the manufacturing process.
A surge in shipment and demand for products amid the current COVID-19 epidemic is expected to enhance synthetic leather import and export. Since the reopening of nation borders is assisting in resolving logistical and transportation challenges due to strict standards being followed during the transit of raw materials, manufacturers in the synthetic leather market are taking advantage of this opportunity. Manufacturers are utilizing sales channels through eCommerce and online shopping applications to improve product adoption due to customers’ purchasing power has declined as a result of the global economic recession. They are doing contingency planning in order to prevent disruptions in client demand, material supply, and the availability of logistics services.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Million Meter). |
| Segmentation | By Type, By Application, By Region. |
| By Type |
|
| By Application |
|
| By Region |
|
Synthetic Leather (Artificial Leather) Market Segment Analysis
The synthetic leather (artificial leather) market is segmented based on type and application.
In 2021, the PU synthetic leather category dominated the market and accounted for more than 55.0% of total sales. In terms of product quality, diversity, and yield, it has been experiencing encouraging growth. In comparison to real skins, polyurethane is more easily damaged and dry cleaned while also being waterproof, softer, and lighter. Additionally, sunshine has no impact on it.
More than 30.0% of global revenue in 2021 came from the market’s largest category, footwear. Its use is edging closer towards that of genuine leather, which is replacing its use in handbags, briefcases, car interiors, and clothes. The demand for footwear has increased as a result of rising income levels and economic expansion, particularly in emerging economies.
Synthetic Leather (Artificial Leather) Market Player
The synthetic leather (artificial leather) market key players includes Kuraray Co. Ltd, R. Polycoats Pvt. Ltd, Alfatex Italia SRL, Filwel Co. Ltd, Yantai Wanhua Synthetic Leather Group Co. Ltd, San Fang Chemical Industry Co. Ltd, Mayur Uniquoters Limited, Nan Ya Plastics Corporation, Zhejiang Hexin Industry Group Co. Ltd, Teijin Limited.
Recent developments:
08 June 2023: Teijin Frontier Co., Ltd., the Teijin Group’s fibers and products converting company, announced the development of SOLOTEX® LIBERTE, a new functional fabric for sportswear and casual wear. SOLOTEX® LIBERTE fabric features a unique span-like texture and exceptional stretchability, as well as excellent colorability, luster and natural swelling. This innovative fabric combines comfort with sustainability, thanks to its incorporation of plant-derived raw materials.
26 April 2023: teijin automotive technologies supplied key exterior components on new lotus Emira.
Who Should Buy? Or Key Stakeholders
- Manufacturers
- End-Use Industries
- Suppliers of Raw Materials
- Retailers
- Consumers
- Fashion Designers and Stylists
- Regulatory Authorities
- Industry Associations and Trade Organizations
- Environmental and Sustainability Advocates
- Waste Management and Recycling Companies
- Others
Synthetic Leather (Artificial Leather) Market Regional Analysis
The synthetic leather (artificial leather) market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In 2021, the Asia Pacific region dominated the market and generated more than 40.0% of global revenue. The three main economies in APAC likely to drive growth are China, India, and South Korea. The market will have plenty of chances as a result of rising disposable income and population growth. When it comes to sales and production, China is one of the major markets for leather. The country’s manufacturing production, however, has been negatively impacted by the coronavirus outbreak. To stop the virus from spreading, several manufacturers have either shut down or reduced their production.
Due to the saturation of more well-known domestic fashion companies, the market in North America is anticipated to expand slowly. There have been growth restrictions in the leather sector as a result of growing concerns from animal rights organisations like PETA, WWF, and a few others. As a result, there has been an increase in demand for synthetic leather products in the area. Due to the thriving automobile and consumer appliance industries throughout the continent, the European market experienced significant growth. Governments in the area are concentrating on bio-based, affordable, and durable products in the midst of the global economic crisis.
Key Market Segments: Synthetic Leather (Artificial Leather) Market
Synthetic Leather (Artificial Leather) Market by Type, 2020-2029, (USD Billion), (Million Meter).
- PU
- PVC
- Bio Based
Synthetic Leather (Artificial Leather) Market by Application, 2020-2029, (USD Billion), (Million Meter).
- Furnishing
- Automotive
- Footwear
- Wallets Bags & Purses
- Clothing
- Others
Synthetic Leather (Artificial Leather) Market by Region, 2020-2029, (USD Billion), (Million Meter).
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the synthetic leather (artificial leather) market over the next 7 years?
- Who are the major players in the synthetic leather (artificial leather) market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the synthetic leather (artificial leather) market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the synthetic leather (artificial leather) market?
- What is the current and forecasted size and growth rate of the global synthetic leather (artificial leather) market?
- What are the key drivers of growth in the synthetic leather (artificial leather) market?
- What are the distribution channels and supply chain dynamics in the synthetic leather (artificial leather) market?
- What are the technological advancements and innovations in the synthetic leather (artificial leather) market and their impact on material development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the synthetic leather (artificial leather) market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the synthetic leather (artificial leather) market?
- What are the products offerings and specifications of leading players in the market?
- What is the pricing trend of synthetic leather (artificial leather) in the market and what is the impact of raw application prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET OUTLOOK
- GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE, 2020-2029, (USD BILLION), (MILLION METERS)
- PU
- PVC
- BIO BASED
- GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION, 2020-2029, (USD BILLION), (MILLION METERS)
- FURNISHING
- AUTOMOTIVE
- FOOTWEAR
- WALLETS BAGS & PURSES
- CLOTHING
- OTHERS
- GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY REGION, 2020-2029, (USD BILLION), (MILLION METERS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- KURARAY CO. LTD
- POLYCOATS PVT. LTD
- ALFATEX ITALIA SRL
- FILWEL CO. LTD
- YANTAI WANHUA SYNTHETIC LEATHER GROUP CO. LTD
- SAN FANG CHEMICAL INDUSTRY CO. LTD
- MAYUR UNIQUOTERS LIMITED
- NAN YA PLASTICS CORPORATION
- ZHEJIANG HEXIN INDUSTRY GROUP CO. LTD
- TEIJIN LIMITED *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY REGION (MILLION METERS), 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (MILLION METERS), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (MILLION METERS), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (MILLION METERS), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (MILLION METERS), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY COUNTRY (MILLION METERS), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY TYPE (MILLION METERS), 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC LEATHER (ARTIFICIAL LEATHER) MARKET BY APPLICATION (MILLION METERS), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) BY TYPE, USD BILLION, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) BY APPLICATION, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC LEATHER (ARTIFICIAL LEATHER) BY REGION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â KURARAY CO. LTD: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â R. POLYCOATS PVT. LTD: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â ALFATEX ITALIA SRL: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â FILWEL CO. LTD: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â YANTAI WANHUA SYNTHETIC LEATHER GROUP CO. LTD: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â SAN FANG CHEMICAL INDUSTRY CO. LTD: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â MAYUR UNIQUOTERS LIMITED: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â NAN YA PLASTICS CORPORATION: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â ZHEJIANG HEXIN INDUSTRY GROUP CO. LTD: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â TEIJIN LIMITED: COMPANY SNAPSHOT
FAQ
The synthetic leather (artificial leather) market is expected to grow at 4.81 % CAGR from 2022 to 2029. It is expected to reach above USD 97.07 billion by 2029 from USD 63.6 billion in 2020.
Asia Pacific held more than 40% of the synthetic leather (artificial leather) market revenue share in 2021 and will witness expansion in the forecast period.
The growth of the global synthetic leather market is primarily being driven by factors including an increase in awareness of and importance placed on animal cruelty, the development of the e-commerce industry, an increase in disposable income, an increase in demand for luxury goods, an increase in awareness of the advantages of synthetic leather over natural leather, and an increase in demand from the footwear industry.
More than 30.0% of global revenue in 2021 came from the market’s largest category, footwear. Its use is edging closer towards that of genuine leather, which is replacing its use in handbags, briefcases, car interiors, and clothes. The demand for footwear has increased as a result of rising income levels and economic expansion, particularly in emerging economies.
Asia Pacific is the largest regional market for synthetic leather (artificial leather) market.
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