Synthetic Leather Market by Product, End-user and Geography - Forecast and Analysis 2023-2027

Published: Mar 2023 Pages: 173 SKU: IRTNTR41583

The synthetic leather market size is estimated to grow at a CAGR of 9.44% between 2022 and 2027. The synthetic leather market size is forecast to increase by USD 23.52 billion. The growth of the market depends on several factors, including high demand from developing economies, the availability of a wide range of products, and the shift of consumer preference from animal hide to synthetic leather products. 

This synthetic leather market report extensively covers market segmentation by product (PU-based, PVC-based, and bio-based), end-user (footwear industry, furnishing industry, automotive industry, bags industry, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Synthetic Leather Market During the Forecast Period?

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Synthetic Leather Market: Key Drivers, Trends, Challenges, and Customer Landscape

The shift of consumer preference from animal hide to synthetic leather products is notably driving the market growth, although factors such as fluctuating raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Synthetic Leather Market Driver

The shift of consumer preference from animal hide to synthetic leather products is notably driving market growth. Leather is a premium or luxury material for shoes, clothing, and bags. However, a significant portion of the sales in the apparel, accessory, and footwear industries are made up of synthetic leather or fabric. These goods are also reasonably priced. These goods are sold on the market in a variety of colors, patterns, and textures but do not include leather as a raw material.  

Due to changing lifestyles and the availability of a wide range of synthetic leather products, consumers are switching from favoring animal-hide leather products to synthetic leather products. One of the most important markets for both synthetic and animal-hide leather is the footwear sector. It is observing a decline in the demand for leather footwear as well as a change in consumer preference from footwear made of animal hides to footwear made of synthetic leather. Additionally, growing environmental concerns are making people choose synthetic leather over animal-hide leather in consumer goods. Such factors will drive the growth of the global market during the forecast period.

Significant Synthetic Leather Market Trends

The customization of synthetic leather is an emerging trend in the market growth. Design, color, luster, and texture can all be modified through customization. Customized synthetic leather has grown in popularity among numerous application industries over the past five years. Users can alter synthetic leather products to suit their requirements. To meet the expanding demand for customization, vendors are introducing a wide range of products made of synthetic leather. For instance, Toray, a significant supplier in the international market, allows customers to choose their own pattern, design, luster, texture, and prints. Customers can also choose traditional gliding and embossing using digital processes like laser printing and cutting.

Customers can create synthetic leather products that suit their needs due to customization. As a result, these items cost more than standard leather goods. Hence, the trend toward customization is fueling the market's expansion by making room for new purchases. Therefore, these factors will drive the growth of the market during the forecast period. 

Major Synthetic Leather Market Challenge

Fluctuating raw material prices are major challenges impeding market growth. Since the cost of crude oil and forest products is so closely correlated with the price of raw materials used to make synthetic leather, the price of these materials is extremely unstable. Synthetic leather is primarily made using materials like silicone and polymer film. Fluctuations in the prices of raw materials, including polymers such as PVC (polyvinyl chloride) and PU, are directly related to fluctuations in the price of crude oil. Vendors are facing challenges from fluctuating prices for petroleum-based raw materials and rising local manufacturer competition, particularly in emerging economies.

For instance, the average price of crude oil was USD 64.4 per barrel in 2019, USD 41.96 per barrel in 2020, and reached USD 70.68 per barrel in 2021. The producers of products based on petroleum derivatives were forced to raise prices as a result of this growth. Thus, fluctuating raw material prices can be one of the major challenges in the growth of the global market during the forecast period.

Key Synthetic Leather Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Synthetic Leather Market Customer Landscape

Who are the Major Synthetic Leather Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alfatex Italia Srl - The company primarily focuses on providing high-performance sustainable coated fabrics for the automotive, marine industry, and residential homes. The key offerings of the company include synthetic leather solutions for industries such as marine, automotive, and medical. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Air Water Inc.
  • Akea Srl
  • Anhui Anli Material Technology Co. Ltd.
  • Asahi Kasei Corp.
  • Colence Pvt. Ltd.
  • H.R. Polycoats Pvt. Ltd.
  • Kolon Industries Inc.
  • KURARAY Co. Ltd.
  • Lederplast Spa
  • Marvel Vinyls Ltd.
  • Mayur Uniquoters Ltd.
  • Nan Ya Plastic Corp.
  • San Fang Chemical Industrial Co. Ltd.
  • Teijin Ltd.
  • Toray Industries Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Synthetic Leather Market?

The market share growth by the PU-based segment will be significant during the forecast period. Depending on the production method, PU-based synthetic leather is also known as split leather or bi-cast leather. Compared to other types of synthetic leather, it is soft, waterproof, and simple to maintain. The growth of this segment is being driven by these benefits.

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The PU-based segment was valued at USD 22.49 billion in 2017 and continued to grow until 2021. PU-based synthetics are lightweight and can be made in a variety of colors and textures. It is primarily utilized in the clothing, footwear, and auto industries. Synthetic leather made from PU has a leather-like appearance. As a result, many consumers are converting from animal-hide leather to synthetic leather. Furthermore, other advantages that are propelling the demand for PU-based synthetic leather are it resists fading because of its resistance to ultraviolet (UV) rays, contrary to leather made from animal hide, it doesn't dry out over time, and it can also be washed. Thus, these factors are expected to drive the growth of the PU-based segment in the global market during the forecast period.

Which are the Key Regions for the Synthetic Leather Market?

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APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in APAC is anticipated to expand primarily as a result of the rapid expansion of sectors using synthetic leather, including footwear, apparel, automotive, furnishings, and bags. The most important market for synthetic leather producers is China. This is because growing environmental concerns are leading consumers in the nation to prefer synthetic leather products over those made of animal hides. The high demand for inexpensive leather imitation goods like bags, clothing, and auto accessories is one of the additional factors propelling the market's expansion in China. Moreover, China is the most prominent market for manufacturers owing to the availability of cheap labor, low operational costs, and improved business operation standards. As a result, these nations have high rates of product adoption from application industries. Hence, such factors are boosting the demand for synthetic leather.

The growth of the manufacturing industries in APAC is further fueled by the region's favorable manufacturing and industrial environments and ease of doing business. The number of international companies opening operations in APAC is growing as a result of the region's favorable business and economic conditions and rising demand for goods like bags, clothing, cars, and shoes. With the rising affordability of purchasing end products like automobiles, apparel, accessories, and luxury goods due to rising disposable income, changing lifestyles, and rapid urbanization, the demand for products from the application industries in APAC is growing quickly. Therefore, the aforementioned factors are expected to fuel the market growth in APAC during the forecast period. 

In 2020, COVID-19 negatively impacted the growth of the market in the region. However, with the initiation of large-scale vaccination drives, the lockdown restrictions were lifted in 2021, which led to the resumption of operation in all segments, including the textile and manufacturing sectors. This has increased the demand for textiles products such as synthetic leather in the region. Such factors are expected to drive the growth of the regional market during the forecast period.

Segment Overview

The synthetic leather market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • PU-based
    • PVC-based
    • Bio-based
  • End-user Outlook (USD Billion, 2017 - 2027)
    • Footwear industry
    • Furnishing industry
    • Automotive industry
    • Bags industry
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Parent Market Analysis

Technavio categorizes the global synthetic leather market as a part of the global specialty chemicals market. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacturing of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings.  Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Synthetic Leather Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.44%

Market growth 2023-2027

USD 23.52 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.73

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 54%

Key countries

US, China, Japan, France, and Italy

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Air Water Inc., Akea Srl, Alfatex Italia Srl, Anhui Anli Material Technology Co. Ltd., Asahi Kasei Corp., Colence Pvt. Ltd., H.R. Polycoats Pvt. Ltd., Kolon Industries Inc., KURARAY Co. Ltd., Lederplast Spa, Marvel Vinyls Ltd., Mayur Uniquoters Ltd., Nan Ya Plastic Corp., San Fang Chemical Industrial Co. Ltd., Teijin Ltd., Toray Industries Inc., Uniroyal Global Engineered Products Inc., Winner Nippon Leatherette Pvt. Ltd., Zhejiang Hexin Industry Group Co. Ltd., and Zhejiang Yongfa Synthetic Leather Co. Ltd.

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

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What are the Key Data Covered in this Synthetic Leather Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the synthetic leather market between 2023 and 2027
  • Precise estimation of the size of the synthetic leather market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of synthetic leather market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global synthetic leather market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global synthetic leather market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 End users Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End users Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 PU-based - Market size and forecast 2022-2027
      • Exhibit 34: Chart on PU-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on PU-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on PU-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on PU-based - Year-over-year growth 2022-2027 (%)
    • 6.4 PVC-based - Market size and forecast 2022-2027
      • Exhibit 38: Chart on PVC-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on PVC-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on PVC-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on PVC-based - Year-over-year growth 2022-2027 (%)
    • 6.5 Bio-based - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Bio-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Bio-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Bio-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Bio-based - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Footwear industry - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Footwear industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Footwear industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Footwear industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Footwear industry - Year-over-year growth 2022-2027 (%)
    • 7.4 Furnishing industry - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Furnishing industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Furnishing industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Furnishing industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Furnishing industry - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive industry - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Automotive industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Automotive industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Automotive industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Automotive industry - Year-over-year growth 2022-2027 (%)
    • 7.6 Bags industry - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Bags industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Bags industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Bags industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Bags industry - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 72: Market opportunity by End-user ($ billion)
      • Exhibit 73: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 Italy - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Air Water Inc.
              • Exhibit 127: Air Water Inc. - Overview
              • Exhibit 128: Air Water Inc. - Business segments
              • Exhibit 129: Air Water Inc. - Key offerings
              • Exhibit 130: Air Water Inc. - Segment focus
            • 12.4 Alfatex Italia Srl
              • Exhibit 131: Alfatex Italia Srl - Overview
              • Exhibit 132: Alfatex Italia Srl - Product / Service
              • Exhibit 133: Alfatex Italia Srl - Key offerings
            • 12.5 Anhui Anli Material Technology Co. Ltd.
              • Exhibit 134: Anhui Anli Material Technology Co. Ltd. - Overview
              • Exhibit 135: Anhui Anli Material Technology Co. Ltd. - Product / Service
              • Exhibit 136: Anhui Anli Material Technology Co. Ltd. - Key offerings
            • 12.6 Asahi Kasei Corp.
              • Exhibit 137: Asahi Kasei Corp. - Overview
              • Exhibit 138: Asahi Kasei Corp. - Business segments
              • Exhibit 139: Asahi Kasei Corp. - Key offerings
              • Exhibit 140: Asahi Kasei Corp. - Segment focus
            • 12.7 KURARAY Co. Ltd.
              • Exhibit 141: KURARAY Co. Ltd. - Overview
              • Exhibit 142: KURARAY Co. Ltd. - Business segments
              • Exhibit 143: KURARAY Co. Ltd. - Key offerings
              • Exhibit 144: KURARAY Co. Ltd. - Segment focus
            • 12.8 Lederplast Spa
              • Exhibit 145: Lederplast Spa - Overview
              • Exhibit 146: Lederplast Spa - Product / Service
              • Exhibit 147: Lederplast Spa - Key offerings
            • 12.9 Marvel Vinyls Ltd.
              • Exhibit 148: Marvel Vinyls Ltd. - Overview
              • Exhibit 149: Marvel Vinyls Ltd. - Product / Service
              • Exhibit 150: Marvel Vinyls Ltd. - Key offerings
            • 12.10 Mayur Uniquoters Ltd.
              • Exhibit 151: Mayur Uniquoters Ltd. - Overview
              • Exhibit 152: Mayur Uniquoters Ltd. - Product / Service
              • Exhibit 153: Mayur Uniquoters Ltd. - Key offerings
            • 12.11 Nan Ya Plastic Corp.
              • Exhibit 154: Nan Ya Plastic Corp. - Overview
              • Exhibit 155: Nan Ya Plastic Corp. - Business segments
              • Exhibit 156: Nan Ya Plastic Corp. - Key offerings
              • Exhibit 157: Nan Ya Plastic Corp. - Segment focus
            • 12.12 San Fang Chemical Industrial Co. Ltd.
              • Exhibit 158: San Fang Chemical Industrial Co. Ltd. - Overview
              • Exhibit 159: San Fang Chemical Industrial Co. Ltd. - Product / Service
              • Exhibit 160: San Fang Chemical Industrial Co. Ltd. - Key offerings
            • 12.13 Teijin Ltd.
              • Exhibit 161: Teijin Ltd. - Overview
              • Exhibit 162: Teijin Ltd. - Business segments
              • Exhibit 163: Teijin Ltd. - Key offerings
              • Exhibit 164: Teijin Ltd. - Segment focus
            • 12.14 Toray Industries Inc.
              • Exhibit 165: Toray Industries Inc. - Overview
              • Exhibit 166: Toray Industries Inc. - Business segments
              • Exhibit 167: Toray Industries Inc. - Key offerings
              • Exhibit 168: Toray Industries Inc. - Segment focus
            • 12.15 Uniroyal Global Engineered Products Inc.
              • Exhibit 169: Uniroyal Global Engineered Products Inc. - Overview
              • Exhibit 170: Uniroyal Global Engineered Products Inc. - Product / Service
              • Exhibit 171: Uniroyal Global Engineered Products Inc. - Key offerings
            • 12.16 Zhejiang Hexin Industry Group Co. Ltd.
              • Exhibit 172: Zhejiang Hexin Industry Group Co. Ltd. - Overview
              • Exhibit 173: Zhejiang Hexin Industry Group Co. Ltd. - Product / Service
              • Exhibit 174: Zhejiang Hexin Industry Group Co. Ltd. - Key offerings
            • 12.17 Zhejiang Yongfa Synthetic Leather Co. Ltd.
              • Exhibit 175: Zhejiang Yongfa Synthetic Leather Co. Ltd. - Overview
              • Exhibit 176: Zhejiang Yongfa Synthetic Leather Co. Ltd. - Product / Service
              • Exhibit 177: Zhejiang Yongfa Synthetic Leather Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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