According to a new market research report published by Global Insight Services” Synthetic Leather (Artificial Leather) Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Synthetic leather is a material that is made to look and feel like natural leather, but is actually made from a variety of different materials. The most common synthetic leathers are made from polyurethane or PVC, which are both plastics. These materials are much cheaper to produce than natural leather, and can be made in a variety of different colors and patterns.
Synthetic leather is often used in clothing, shoes, and upholstery. It is also used in many sports, such as football and baseball, where it is often used for balls and gloves. Many car seats are also upholstered with synthetic leather.
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Key Players
- Kuraray Co., Ltd.
- Toray Industries, Inc.
- Asahi Kasei Corporation
- B.F. Goodrich Company
- Teijin Limited
- Koza World.
- Anhui Jiali New Material Co., Ltd.
Key Trends
Some of the key trends in synthetic leather include:
- Increased use in high–end applications such as automotive and furniture
- Improved performance characteristics such as breathability and flexibility
- More environmentally friendly manufacturing processes
- Increased use of recycled materials
Key Drivers
The key drivers of the synthetic leather market are its low cost, easy maintenance, and durability. It is also resistant to water and stains, which makes it a popular choice for a variety of applications.
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Market Segments
By Product
- PU
- PVC
- Bio-Based
By Application
- Furnishing
- Automotive
- Footwear
- Bags & Wallets
- Clothing
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
Reasons to buy Synthetic Leather (Artificial Leather) Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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