Enjoy complimentary customisation on priority with our Enterprise License!
The coating agents for synthetic leather market share is expected to increase by USD 207.38 million from 2021 to 2026, at a CAGR of 7.12%.
This coating agents for synthetic leather market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers coating agents for synthetic leather market segmentation by end-user (automotive, footwear, furniture and domestic upholstery, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The coating agents for synthetic leather market report also offers information on several market vendors, including Abhilash Chemicals and Pharmaceuticals Pvt. Ltd., BASF SE, CHT Germany GmbH, Covestro AG, Elkem ASA, Evonik Industries AG, Jasch Industries Ltd., ROWA GROUP Holding GmbH, Santex Rimar Group, Stahl Holdings BV, The Dow Chemical Co., and Wacker Chemie AG among others.
Download Report Sample to Unlock the Coating Agents for Synthetic Leather Market Size for the forecast Period and Other Important Statistics
The shift of consumer preference from animal hide to synthetic leather products is notably driving the coating agents for synthetic leather market growth, although factors such as intense competition among vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coating agents for the synthetic leather industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Coating Agents for Synthetic Leather Market Driver
Key Coating Agents for Synthetic Leather Market Trend
Key Coating Agents for Synthetic Leather Market Challenge
This coating agents for synthetic leather market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global coating agents for the synthetic leather market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coating agents for the synthetic leather market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the coating agents for the synthetic leather market encompasses successful business strategies deployed by the key vendors. The coating agents for the synthetic leather market is concentrated and the vendors are deploying growth strategies such as launching new products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The coating agents for synthetic leather market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the coating agents for the synthetic leather market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
for more insights on the market share of various regions Request PDF Sample now!
54% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for coating agents for synthetic leather in APAC. Market growth in this region will be slower than the growth of the market in the Middle East and Africa.
The high demand for low-priced leather imitation products such as bags, apparel, and automotive accessories will facilitate the coating agents for synthetic leather market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 hampered the businesses of vendors as various governments across the region imposed nationwide lockdowns and travel restrictions to prevent the spread of the disease. However, in 2021, the lockdown restrictions were lifted owing to the initiation of large-scale vaccination drives. This increased the demand for coating agents for synthetic leather in the region. Such factors are expected to drive the growth of the regional coating agents for the synthetic leather market during the forecast period.
To gain further insights on the market contribution of various segments Request PDF Sample
The coating agents for synthetic leather market share growth by the automotive segment will be significant during the forecast period. An increase in demand for coating agents for synthetic leather in the automotive industry is mainly fueled by the growth of the global automotive industry and the shift of consumer preference from automotive components made of animal-hide leather to those made of synthetic leather. In the automotive industry, synthetic leather is used for seat covers and other car accessories, such as steering wheels, knob covers, indoor rims, gearbox covers, and headliners. These factors will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the coating agents for synthetic leather market size and actionable market insights on post COVID-19 impact on each segment.
|
Coating Agents for Synthetic Leather Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Decelerate at a CAGR of 7.12% |
|
Market growth 2022-2026 |
$ 207.38 million |
|
Market structure |
Concentrated |
|
YoY growth (%) |
8.21 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 54% |
|
Key consumer countries |
US, China, Japan, India, and Germany |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Abhilash Chemicals and Pharmaceuticals Pvt. Ltd., BASF SE, CHT Germany GmbH, Covestro AG, Elkem ASA, Evonik Industries AG, Jasch Industries Ltd., ROWA GROUP Holding GmbH, Santex Rimar Group, Stahl Holdings BV, The Dow Chemical Co., and Wacker Chemie AG |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
