Synthetic Leather Market is expected to reach USD 68.36 Bn by 2029, during the forecast period Development Scenario and Business Statistics

Pune 24 March 2023: As per the report delivered by Maximize Market research, a global business research and consultancy firm, the total global market for "Synthetic Leather Market" was USD 47.92 Bn in 2021 and is expected to grow at a CAGR of 4.54 percent over the forecast period to reach USD 68.36 Bn by 2029.

Synthetic Leather Market Report Scope and Research Methodology

The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants. Light Field The bottom-up approach was used in the report and it includes primary and secondary data collection sources. The primary collection includes interviews with market leaders, market specialists and Industry experts and the secondary collection includes press releases, white papers and financial and annual reports.

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To understand information on Synthetic Leather market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional and global levels. The report offers a demand-supply scenario, pricing structure, profit margins, production, and value chain analysis for the synthetic leather market. For a segment-wise analysis of the Synthetic Leather market, it is divided by Type, Application and region. The report includes historical data, current trends, technological innovations market risks, restraints, drivers, opportunities and challenges for the Synthetic Leather market. The report presented the SWOR, PORTER, and PESTLE Analysis with the potential impact of macroeconomic factors on the Synthetic Leather market.

Synthetic Leather Market Dynamics

The Synthetic Leather Market is driven by the increasing demand from the End-use industries such as footwear, textile, automotive, clothing and others. The government initiatives for sustainability in the leather sector, growing need for synthetic leather for vegan products, increasing concerns about the environment and animal welfare and penetration of synthetic leather for luxury goods. The development of bio-based synthetic leather is the expected lucrative opportunity for the growth of the Synthetic Leather market. Over the forecast period, the market growth is expected to be hampered by the harmful effects of PVC (polyvinyl chloride) and PU (polyurethane) on humans.

Synthetic Leather Market Regional Insights

Asia Pacific is the dominating region for the Synthetic Leather Market. The regional market growth is driven by the advances in technologies, increasing population and growing manufacturing verticals. The rising disposable income and increasing demand for synthetic leather from the textile, footwear and automotive industries and the presence of the largest producers and consumers of synthetic leather such as India, China and Japan are the regional growth factors for the Synthetic Leather Market.

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Synthetic Leather Market Segmentation:

By Type
PU (polyurethane)
PVC (polyvinyl chloride)
Bio based

By Application
Furnishing
Automotive
Foot wear
Bags & wallets
Clothing
Others

Synthetic Leather Market Key Players include:

Kuraray Co., Ltd.
Asahi Kasei Corporation
San Fang Chemical Industry Co., Ltd.
Toray Coatex Co. Ltd.
R. Polycoats Pvt. LTD.
ALFATEX
Filwel Co., Ltd.
Teijin Limited
Mayur Uniquoters Ltd.
Nan Ya Plastics Co. Ltd.
Filwel Co. Ltd.
Zhejiang Hexin Industry Group Co., Ltd.
Alfatex
R. Polycoats Pvt. Ltd.
Yantai Wanhua Synthetic Leather Group Co. Ltd.
Kolon Industries Inc
Toray Industries Inc
Anhui Material Type Co., Ltd.

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Table of for Global Synthetic Leather Market:

Global Synthetic Leather Market: Research Methodology

Global Synthetic Leather Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Synthetic Leather Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Synthetic Leather Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Regional Global Synthetic Leather Market(2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)

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Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of the Type, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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