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Synthetic Leather Market by Product, End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 165
  • SKU: IRTNTR41583
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“The Synthetic Leather Market  study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 15.64 billion and CAGR of 7.77% by segment End-user, Product and Geography during the forecast period 2022 to 2027” 

Furthermore, this report extensively covers the smart home appliances market segmentation by end-user (footwear industry, furnishing industry, automotive industry, bags industry, others), Product (PU-based, PVC-based, bio-based) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The market report also offers information on several market vendors, including Water Inc., Akea Srl, Asahi Kasei Corp., GLOBAL SALES Corp., H.R. Polycoats Pvt. Ltd., Jasch Industries Ltd., Kolon Industries Inc., Kuraray Co Ltd, Lederplast Spa, Marvel Vinyls Ltd., Mayur Uniquoters Ltd., Nan Ya Plastic Corp, Premier Polyfilm Ltd., San Fang Chemical Industrial Co. Ltd., Taiwan PU Corp., Teijin Ltd., Toray Industries Inc., United Decoratives Pvt. Ltd., Vortex Flex Pvt. Ltd, Winner Nippon Leatherette Pvt. Ltd., and Zhejiang Yongfa Synthetic Leather Co. Ltd.

Synthetic Leather Market Size

Download the Report Sample to Unlock the Smart Room Heater Market Size for the Forecast Period and Other Important Statistics 

Parent Market Analysis

Technavio categorizes the Synthetic Leather Market as a part of the Materials industry within the Chemicals industry. Our Technavio 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 forecast year. 

Synthetic Leather Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart room heater industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Synthetic Leather Market Driver

One of the key factors driving growth in the synthetic leather market is the high demand from developing economies. The rapid growth of industries such as automotive, footwear, and bags, which is driven by rising disposable income and increasing economic activities in emerging markets such as China, is boosting the demand for synthetic leather. Trends such as the increasing need for high productivity to cater to the demands of the growing population are expected to fuel the global synthetic leather market. Furthermore, rapid industrialization in economies such as Brazil, Russia, India, China, and South Africa (BRICS) is creating considerable demand for synthetic leather. Growing investments in the manufacturing sector, which includes manufacturers from industries in developing countries, are increasing the consumption of synthetic leather. Hence, rapid industrialization is expected to drive the demand for synthetic leather during the forecast period. 

Key Synthetic Leather Market Trend

The customization of synthetic leather is a synthetic leather market trend that is expected to have a positive impact in the coming years. Over the last five years, customized synthetic leather has gained popularity among various application industries. It allows users to customize synthetic leather products according to their needs. Vendors are introducing a wide range of synthetic leather products to address the growing need for customization. For instance, Toray, a key vendor in the global synthetic leather market, offers customization in pattern, design, luster, texture, and prints. Customization allows customers to create synthetic leather products according to their needs. Hence, such products are more expensive than standard leather products. During the forecast period, this trend is expected to increase the revenues of synthetic leather vendors.

Key Synthetic Leather Market Challenge

The fluctuating raw material prices will be a major challenge for the synthetic leather market during the forecast period. The prices of raw materials used in manufacturing synthetic leather are highly volatile due to the high dependence on the prices of crude oil and forest products. Substrates such as polymer film and silicone are mainly used for the production of synthetic leather. However, fluctuations in the prices of petroleum-based raw materials and the increasing competition from local manufacturers, especially in emerging economies, are posing a challenge to vendors. Petroleum derivatives are the major raw materials used to manufacture synthetic leather. However, their prices are dependent on the prices of natural gas and crude oil. The market recorded a sharp increase of around 24% in crude oil prices from 2020 to 2021. This growth compelled the manufacturers of petroleum derivative-based products to increase prices.

Synthetic Leather Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of synthetic leather market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Who are the Major Synthetic Leather Market Vendors?

awi.co.jp - The company offers synthetic leather which is equipped with various functions such as suppleness and lightweight which is later used for the non-woven fabric binder. Through the industrial gas business segment, the company harness the qualities of oxygen, nitrogen, argon, and other gases.

The report  on Synthetic Leather Market analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Air Water Inc.
  • Akea Srl
  • Asahi Kasei Corp.
  • GLOBAL SALES Corp.
  • H.R. Polycoats Pvt. Ltd.
  • Jasch Industries Ltd.
  • Kolon Industries Inc.
  • Kuraray Co Ltd
  • Lederplast Spa
  • Marvel Vinyls Ltd.
  • Mayur Uniquoters Ltd.
  • Nan Ya Plastic Corp
  • Premier Polyfilm Ltd.
  • San Fang Chemical Industrial Co. Ltd.
  • Taiwan PU Corp.
  • Teijin Ltd.
  • Toray Industries Inc.
  • United Decoratives Pvt. Ltd.
  • Vortex Flex Pvt. Ltd
  • Winner Nippon Leatherette Pvt. Ltd.
  • Zhejiang Yongfa Synthetic Leather Co. Ltd.

 

This statistical study of the synthetic leather market encompasses successful business strategies deployed by the key vendors. The synthetic leather market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The 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.

Which are the Key Regions for Synthetic Leather Market?

Synthetic Leather Market Share by Geography

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56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for synthetic leather in APAC. Market growth in this region will be faster than the growth of the market in other regions.

 The synthetic leather market in APAC is expected to grow at the fastest rate when compared to other regions, primarily due to the rapid growth of industries such as footwear, apparel, automotive, furnishing, and bags, which use synthetic leather. China, Japan, and India are the key contributing countries in APAC. China is the most prominent market for manufacturers of synthetic leather. This is because consumers in the country are shifting their preference from animal-hide leather products to synthetic leather products due to growing environmental concerns. Other factors driving the growth of the market in China include the high demand for low-priced leather imitation products such as bags, apparel, and automotive accessories. 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 world imposed nationwide lockdowns and travel restrictions to prevent the spread of the disease. This caused the shutdown of textile production units, which disrupted the supply chain of synthetic leather. However, with the initiation of large-scale vaccination drives, the lockdown regulations were lifted in 2021. This increased the demand for textiles products such as synthetic leather-based in the region. Such elements are predicted to drive the growth of the regional synthetic leather market during the forecast period.

What are the Revenue-generating End-user Segments in the Synthetic Leather Market?

Synthetic Leather Market Share

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The synthetic leather market share growth by the footwear industry segment will be significant during the forecast period. The major reason for the growth of the global footwear market is the gradual shift of consumers from animal-hide leather to synthetic leather and the rising number of regulations in the footwear industry, especially for products made from leather. Consumers across the globe are adopting footwear made of synthetic leather over animal-hide leather due to the low cost of footwear made from synthetic leather. Vendors operating in the global footwear market are also widening their synthetic leather-made footwear product portfolio. There are several types of synthetic leather-made footwear offered in the market, such as shoes, slippers, sandals, and boots. Synthetic leather is used in different parts of footwear, such as footwear uppers, shoe lining, and insoles. Furthermore, owing to the rising demand for synthetic leather in the footwear industry, several vendors in the global synthetic leather market are introducing innovative products. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the synthetic leather market size and actionable market insights on post-COVID-19 impact on each segment.

 

Synthetic Leather Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.77%

Market growth 2022-2026

$ 15.64 billion

Market structure

Fragmented

YoY growth (%)

7.3

Regional analysis

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

Performing market contribution

APAC at 56%

Key consumer countries

US, China, Japan, India, Germany, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Air Water Inc., Akea Srl, Asahi Kasei Corp., GLOBAL SALES Corp., H.R. Polycoats Pvt. Ltd., Jasch Industries Ltd., Kolon Industries Inc., Kuraray Co Ltd, Lederplast Spa, Marvel Vinyls Ltd., Mayur Uniquoters Ltd., Nan Ya Plastic Corp, Premier Polyfilm Ltd., San Fang Chemical Industrial Co. Ltd., Taiwan PU Corp., Teijin Ltd., Toray Industries Inc., United Decoratives Pvt. Ltd., Vortex Flex Pvt. Ltd, Winner Nippon Leatherette Pvt. 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, Market condition analysis for 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.

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive synthetic leather market growth during the next five years
  • Precise estimation of the synthetic leather market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the synthetic leather 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 on vendors
  • Comprehensive details of factors that will challenge the growth of synthetic leather market vendors

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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 End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • 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 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Footwear industry - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Footwear industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Footwear industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Footwear industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Footwear industry - Year-over-year growth 2021-2026 (%)
    • 5.4 Furnishing industry - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Furnishing industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Furnishing industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Furnishing industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Furnishing industry - Year-over-year growth 2021-2026 (%)
    • 5.5 Automotive industry - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Automotive industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Automotive industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Automotive industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Automotive industry - Year-over-year growth 2021-2026 (%)
    • 5.6 Bags industry - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Bags industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Bags industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Bags industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Bags industry - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 49: Market opportunity by End-user ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 50: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 52: Chart on Comparison by Product
      • Exhibit 53: Data Table on Comparison by Product
    • 6.3 PU-based - Market size and forecast 2021-2026
      • Exhibit 54: Chart on PU-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on PU-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on PU-based - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on PU-based - Year-over-year growth 2021-2026 (%)
    • 6.4 PVC-based - Market size and forecast 2021-2026
      • Exhibit 58: Chart on PVC-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on PVC-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on PVC-based - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on PVC-based - Year-over-year growth 2021-2026 (%)
    • 6.5 Bio-based - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Bio-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Bio-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Bio-based - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Bio-based - Year-over-year growth 2021-2026 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 66: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 68: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 69: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 70: Chart on Geographic comparison
      • Exhibit 71: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 North America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 US - Market size and forecast 2021-2026
      • Exhibit 96: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.10 Japan - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.11 India - Market size and forecast 2021-2026
      • Exhibit 104: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.12 Germany - Market size and forecast 2021-2026
      • Exhibit 108: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 109: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 110: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 111: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.13 France - Market size and forecast 2021-2026
      • Exhibit 112: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 113: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 114: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 115: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.14 Market opportunity by geography
      • Exhibit 116: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 11.3 Air Water Inc.
              • Exhibit 123: Air Water Inc. - Overview
              • Exhibit 124: Air Water Inc. - Business segments
              • Exhibit 125: Air Water Inc. - Key offerings
              • Exhibit 126: Air Water Inc. - Segment focus
            • 11.4 Asahi Kasei Corp.
              • Exhibit 127: Asahi Kasei Corp. - Overview
              • Exhibit 128: Asahi Kasei Corp. - Business segments
              • Exhibit 129: Asahi Kasei Corp. - Key news
              • Exhibit 130: Asahi Kasei Corp. - Key offerings
              • Exhibit 131: Asahi Kasei Corp. - Segment focus
            • 11.5 Kolon Industries Inc.
              • Exhibit 132: Kolon Industries Inc. - Overview
              • Exhibit 133: Kolon Industries Inc. - Product / Service
              • Exhibit 134: Kolon Industries Inc. - Key offerings
            • 11.6 Kuraray Co Ltd
              • Exhibit 135: Kuraray Co Ltd - Overview
              • Exhibit 136: Kuraray Co Ltd - Business segments
              • Exhibit 137: Kuraray Co Ltd - Key offerings
              • Exhibit 138: Kuraray Co Ltd - Segment focus
            • 11.7 Mayur Uniquoters Ltd.
              • Exhibit 139: Mayur Uniquoters Ltd. - Overview
              • Exhibit 140: Mayur Uniquoters Ltd. - Product / Service
              • Exhibit 141: Mayur Uniquoters Ltd. - Key offerings
            • 11.8 Nan Ya Plastic Corp
              • Exhibit 142: Nan Ya Plastic Corp - Overview
              • Exhibit 143: Nan Ya Plastic Corp - Business segments
              • Exhibit 144: Nan Ya Plastic Corp - Key offerings
              • Exhibit 145: Nan Ya Plastic Corp - Segment focus
            • 11.9 San Fang Chemical Industrial Co. Ltd.
              • Exhibit 146: San Fang Chemical Industrial Co. Ltd. - Overview
              • Exhibit 147: San Fang Chemical Industrial Co. Ltd. - Product / Service
              • Exhibit 148: San Fang Chemical Industrial Co. Ltd. - Key offerings
            • 11.10 Teijin Ltd.
              • Exhibit 149: Teijin Ltd. - Overview
              • Exhibit 150: Teijin Ltd. - Business segments
              • Exhibit 151: Teijin Ltd. - Key offerings
              • Exhibit 152: Teijin Ltd. - Segment focus
            • 11.11 Toray Industries Inc.
              • Exhibit 153: Toray Industries Inc. - Overview
              • Exhibit 154: Toray Industries Inc. - Business segments
              • Exhibit 155: Toray Industries Inc. - Key news
              • Exhibit 156: Toray Industries Inc. - Key offerings
              • Exhibit 157: Toray Industries Inc. - Segment focus
            • 11.12 Vortex Flex Pvt. Ltd
              • Exhibit 158: Vortex Flex Pvt. Ltd - Overview
              • Exhibit 159: Vortex Flex Pvt. Ltd - Product / Service
              • Exhibit 160: Vortex Flex Pvt. Ltd - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 12.5 List of abbreviations
                • Exhibit 167: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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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              Synthetic Leather market growth will increase by $15648.01 million during 2022-2026.
              The synthetic leather market is expected to grow at a CAGR of 7.77% during 2022-2026.
              Technavio has segmented the synthetic leather market by end-user (PU-based, PVC-based, and Bio-based) ,product (APAC, North America, Europe, South America, and MEA) , and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              Air Water Inc., Akea Srl, Asahi Kasei Corp., GLOBAL SALES Corp., H.R. Polycoats Pvt. Ltd., Jasch Industries Ltd., Kolon Industries Inc., Kuraray Co Ltd, Lederplast Spa, Marvel Vinyls Ltd., Mayur Uniquoters Ltd., Nan Ya Plastic Corp, Premier Polyfilm Ltd., San Fang Chemical Industrial Co. Ltd., Taiwan PU Corp., Teijin Ltd., Toray Industries Inc., United Decoratives Pvt. Ltd., Vortex Flex Pvt. Ltd, Winner Nippon Leatherette Pvt. Ltd., Zhejiang Yongfa Synthetic Leather Co. Ltd. are a few of the key vendors in the synthetic leather market.
              APAC will register the highest growth rate of 56.2% among the other regions. Therefore, the synthetic leather market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Japan
              • India
              • Germany
              • France
              The key factors driving the synthetic leather market growth are:
              • High demand from developing economies
              • Customization of synthetic leather
              The synthetic leather market vendors should focus on grabbing business opportunities from the pu-based segment as it accounted for the largest market share in the base year.
              • 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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              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
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