The Synthetic Leather market research report offers an in-depth analysis of the market trends, macro-economic indications, and governing factors, along with market segments. In addition, it presents a regional analysis of the market, including significant regions like North America, Latin America, the Middle East, Africa, Europe, and more. . It also highlights strategic market growth analysis, market size, category market growths, product approvals, product launches, and geographic expansion in the Synthetic Leather market.
This report also outlines forthcoming opportunities that reveal the market growth rate during the forecasted period and presents the current market scenario and historical data. Furthermore, the market report also offers market definition, classification, production, and engagement. Moreover, the information includes regional analysis of the market that helps understand the Synthetic Leather market precisely.
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The Synthetic leather market size is estimated to be USD 63.3 billion in 2020 and is projected to reach USD 78.5 billion by 2025, at a CAGR of 4.4% between 2020 and 2025. This report spread across 227 Pages, Profiling 10 Companies and Supported with 105 Tables and 56 figures are now available in this research.
Top Companies Profiled in the Synthetic Leather Market:Kuraray Co. Ltd. (Japan) San Fang Chemical Industry Co. Ltd. (Taiwan) Teijin Limited (Japan) Mayur Uniquoters Limited (India) NAN YA plastics corporation (Taiwan) Filwel Co. Ltd. (Japan) Zhejiang Hexin Industry Group Co.Ltd. (China) Alfatex N.V. (Belgium) H.R. Polycoats Pvt. Ltd. (India) Yantai Wanhua Synthetic Leather Group Co. Ltd. (China).
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PU-based leather is generally made using PU and different fabrics. It is made by coating a fabric such as polyester or cotton with a flexible polymer. It is further treated by various processes to look like animal hide-based leather. PU-based synthetic leather is made by using soft polymers, hence does not require additional plasticizers.
Synthetic leather is widely used in the footwear industry due to its excellent properties and high durability. It is used in shoe linings, shoe uppers, and insoles to make different types of footwear such as sports shoes, shoes & boots, and sandals & slippers. The increasing demand for footwear in developed and emerging countries is expected to drive the demand for synthetic leather.
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The synthetic leather industry is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region.
The increasing population in the region accompanied with development of new technologies and products are projected to make this region an ideal destination for the growth of the synthetic leather industry. However, establishing new plants, implementing new technologies, and creating a value supply chain between raw material providers and manufacturing industries in the emerging regions of the APAC are expected to be a challenge for industry players as there is low urbanization and industrialization.
Breakdown of primary participants’ profile:By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25% By Designation: C-Level – 46%, Director Level – 25%, and Others – 29% By Region: North America – 27%, Europe – 27%, APAC – 33%, South America – 7%, and Middle East & Africa – 6%,
The report provides insights on the following pointers:Market Penetration: Comprehensive information on synthetic leather offered by top players in the global synthetic leather market Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the synthetic leather market Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for synthetic leather across regions Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global synthetic leather market Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the synthetic leather market Impact of COVID-19 on synthetic leather Market