The PU Synthetic Leather Market is expected to clock a notable 9.7% CAGR during forecast period of 2023-2029

Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create. PU Synthetic Leather is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, PU Synthetic Leather can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.

Global PU Synthetic Leather market is projected to reach US$ 23950 million in 2029, increasing from US$ 12670 million in 2022, with the CAGR of 9.7% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole PU Synthetic Leather market research.

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The key manufacturers of PU Synthetic Leather include Anhui Anli, Topsun Microfiber, Covestro, Baiksan, Kuraray, Zhejiang Hexin, Fujian Tianshou, etc. The top five players account for about 7% of the market.

The Asia-Pacific region is the world’s largest market, accounting for about 75% of the total global market share,and it is expected to continue to increase its market share in the future.

PU synthetic leather can be divided into Normal PU, Microfiber PU and Ecological Function PU. Among them, the Normal PU market account for the highest proportion, about 73%. The market for microfiber PU and Ecological Functional PU will gradually expand in the future.

In terms of application, it is mainly used in apparel&accessories, furnishing, automotive, sports goods and other downstream industries. Apparel&accessories aspect is the largest downstream industry, accounting for about 60%, and maintain a steady growth.

Scope of PU Synthetic Leather Market Report:

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Segment by Type:

  • Normal PU
  • Microfiber PU
  • Ecological Function PU

Segment by Application:

  • Apparel & Accessories
  • Furnishing
  • Automotive
  • Sports Goods
  • Others

Production by Region:

  • China
  • South Korea
  • Japan
  • Europe
  • S.
  • Southesat Asia

Leading Key Players of PU Synthetic Leather Market:

  • Covestro
  • Baiksan
  • Anhui Anli
  • San Fang Chemical Industry
  • Kuraray
  • Toray
  • Kolon
  • Topsun Microfiber
  • Teijin
  • Seiren
  • Zhejiang Hexin
  • Fujian Tianshou
  • Huafon Microfibre
  • Nan Ya Plastics
  • Wangkang
  • Double Elephant
  • Shandong Tongda
  • Duksung
  • Xiefu New Materials

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The PU Synthetic Leather report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source

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