Market Overview:
The global faux suede market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for faux suede in various applications, such as automotive, furniture, footwear, orthotic, clothing and others. Faux suede is a synthetic fabric that is made to look and feel like genuine suede leather. It has gained popularity in recent years due to its durability and low cost as compared to genuine leather. North America dominates the global faux suede market followed by Europe and Asia Pacific region.
Product Definition:
Faux Suede is a type of fabric that is made to look and feel like suede, but it is actually a synthetic material. Faux suede can be used for many different purposes, such as upholstery, clothing, or accessories.
Single Sided Leather:
Single-sided leather is a type of laminated or coated faux suede that has only one side of the leather coating. It is also referred to as single-coated or unidirectional leather. The process in which this product is manufactured does not require drying, like multi-side products do; therefore it saves time and cost.
Double-Sided Leather:
Double-sided leather is a type of laminated leather that has two facing surfaces, top and bottom. The product can be used as faux suede in various applications such as upholstery, apparel and footwear. It offers high tear resistance along with excellent water resistance properties which makes it suitable for use in the apparel industry.
Application Insights:
The automotive application segment led the global faux suede market in 2017. The growth can be attributed to the increasing demand for luxury vehicles by high-income class consumers, especially in Europe and North America. Moreover, stringent environmental regulations regarding carbon emission have compelled automobile manufacturers to increase utilization of lightweight materials for vehicle body panels, which is further propelling the demand for faux suede.
Furniture was another prominent segment accounting for a share of 22% in 2017 owing to growing consumer preference towards home dĩcor influenced by art deco and modern design trends. Furniture manufacturers are increasingly using faux suede on chairs and sofas as it offers an aesthetic appeal along with softness similar to real suede without any additional cost or maintenance issues.
Footwear accounted for a share of 21% in terms of volume during the same year owing to rising use of faux leather on shoe uppers by major footwear brands including Nike, Adidas.
Regional Analysis:
Asia Pacific dominated the global faux suede market in terms of revenue with a share of over 40.0% in 2017. This is attributed to growing automobile production and sales, coupled with increasing consumer disposable income levels across the region. In addition, rapid urbanization and industrialization have resulted in an increased demand for furniture, which is likely to propel regional growth over the forecast period.
Europe accounted for a significant share of global industry revenue owing to high demand from automotive manufacturers due to rising consumer preference towards luxury vehicles including BMWs, Audis and Mercedes Benzes among others as per research by LMC Automotive released in November 2018.
Growth Factors:
- Increasing demand from the apparel industry for faux suede fabrics as a substitute for natural suede fabrics.
- Growing popularity of faux suede among consumers due to its aesthetic appeal and low price point.
- Rising demand from the automotive industry for faux suede upholstery in vehicles as a replacement for leather upholstery.
- Proliferation of online retail platforms that offer a wide range of faux suede products at competitive prices, making it easier for consumers to purchase these products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Faux Suede Market Research Report
By Type
Single Sided Leather, Double-Sided Leather
By Application
Automotive, Furniture, Footwear, Orthotic, Clothing, Others
By Companies
Asahi Kasei, TORAY, KURARAY, Miko/SAGE, Tapis, Seiren, Rishabh Velveleen, Mitchell, Kolon Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Faux Suede Market Report Segments:
The global Faux Suede market is segmented on the basis of:
Types
Single Sided Leather, Double-Sided Leather
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Furniture, Footwear, Orthotic, Clothing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Asahi Kasei
- TORAY
- KURARAY
- Miko/SAGE
- Tapis
- Seiren
- Rishabh Velveleen
- Mitchell
- Kolon Industries
Highlights of The Faux Suede Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Sided Leather
- Double-Sided Leather
- By Application:
- Automotive
- Furniture
- Footwear
- Orthotic
- Clothing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Faux Suede Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Faux suede is a type of fabric that is made from synthetic materials. It has a similar texture and appearance to real suede, but it is not made from leather. Faux suede can be used for clothing, accessories, and home decor items.
Some of the key players operating in the faux suede market are Asahi Kasei, TORAY, KURARAY, Miko/SAGE, Tapis, Seiren, Rishabh Velveleen, Mitchell, Kolon Industries.
The faux suede market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Faux Suede Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Faux Suede Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Faux Suede Market - Supply Chain
4.5. Global Faux Suede Market Forecast
4.5.1. Faux Suede Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Faux Suede Market Size (000 Units) and Y-o-Y Growth
4.5.3. Faux Suede Market Absolute $ Opportunity
5. Global Faux Suede Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Faux Suede Market Size and Volume Forecast by Type
5.3.1. Single Sided Leather
5.3.2. Double-Sided Leather
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Faux Suede Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Faux Suede Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Furniture
6.3.3. Footwear
6.3.4. Orthotic
6.3.5. Clothing
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Faux Suede Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Faux Suede Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Faux Suede Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Faux Suede Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Faux Suede Demand Share Forecast, 2019-2026
9. North America Faux Suede Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Faux Suede Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Faux Suede Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Furniture
9.4.3. Footwear
9.4.4. Orthotic
9.4.5. Clothing
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Faux Suede Market Size and Volume Forecast by Type
9.7.1. Single Sided Leather
9.7.2. Double-Sided Leather
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Faux Suede Demand Share Forecast, 2019-2026
10. Latin America Faux Suede Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Faux Suede Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Faux Suede Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Furniture
10.4.3. Footwear
10.4.4. Orthotic
10.4.5. Clothing
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Faux Suede Market Size and Volume Forecast by Type
10.7.1. Single Sided Leather
10.7.2. Double-Sided Leather
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Faux Suede Demand Share Forecast, 2019-2026
11. Europe Faux Suede Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Faux Suede Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Faux Suede Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Furniture
11.4.3. Footwear
11.4.4. Orthotic
11.4.5. Clothing
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Faux Suede Market Size and Volume Forecast by Type
11.7.1. Single Sided Leather
11.7.2. Double-Sided Leather
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Faux Suede Demand Share, 2019-2026
12. Asia Pacific Faux Suede Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Faux Suede Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Faux Suede Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Furniture
12.4.3. Footwear
12.4.4. Orthotic
12.4.5. Clothing
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Faux Suede Market Size and Volume Forecast by Type
12.7.1. Single Sided Leather
12.7.2. Double-Sided Leather
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Faux Suede Demand Share, 2019-2026
13. Middle East & Africa Faux Suede Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Faux Suede Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Faux Suede Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Furniture
13.4.3. Footwear
13.4.4. Orthotic
13.4.5. Clothing
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Faux Suede Market Size and Volume Forecast by Type
13.7.1. Single Sided Leather
13.7.2. Double-Sided Leather
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Faux Suede Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Faux Suede Market: Market Share Analysis
14.2. Faux Suede Distributors and Customers
14.3. Faux Suede Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Asahi Kasei
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TORAY
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KURARAY
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Miko/SAGE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tapis
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Seiren
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rishabh Velveleen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitchell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kolon Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
