Market Overview:
The global polyurethane artificial leather market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PU synthetic leather from various applications, such as footwear, apparel & accessories, furnishing, automotive, sports goods and bags. In terms of type, ordinary PU synthetic leather is expected to hold a major share of the market during the forecast period. However, microfiber synthetic leather is projected to grow at a higher CAGR owing to its properties such as high strength-to-weight ratio and durability.
Product Definition:
Polyurethane Artificial Leather is a synthetic leather material that is made from polyurethane. It has many uses, including upholstery, automotive interiors, and clothing. Polyurethane Artificial Leather is important because it is durable and versatile.
Ordinary PU synthetic leather:
Ordinary PU synthetic leather is a type of artificial leather which has been produced by the polymerization of propylene. It is also known as Ethylene Propylene Diene Monomer (EPDM) or Polyurethane (PU) and it can be used for applications such as automotive, footwear, apparel and consumer goods.
Microfiber synthetic leather:
Microfiber synthetic leather is a type of artificial leather which has very fine fibers and it is produced by chemical synthesis. Microfibers are used in artificial leather for improving the tensile strength, abrasion resistance, tear-resistance and surface protection. Artificial Leather made from microfibers offers high water resistance due to its hydrophilic nature.
Application Insights:
Footwear was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. PU artificial leather is widely used in footwear as it provides comfort, durability and easy maintenance. It also helps reduce foot fatigue by dispersing pressure points across a shoe's surface. The product has an increasing demand for use in athletic shoes, formal shoes, dressy shoes and flip-flops among others.
The apparel & accessories segment accounted for USD 1.5 billion of global market revenue in 2016 owing to high product demand from major textile industries such as fashion clothing companies.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing automobile production in China, India and Japan. Furthermore, rising disposable income coupled with urbanization in these countries will boost the demand for PU leather products over the forecast period.
Europe was valued at USD X billion in 2017 and is projected to witness steady growth over the forecast period owing to high product demand from footwear, automotive and furnishing applications due to consumer inclination towards luxury lifestyle changes along with rapid development of economies especially Germany and U.K.
Growth Factors:
- Increasing demand from automotive industry: The global automotive industry is expected to grow at a CAGR of 4.5% during the forecast period, which is expected to drive the demand for polyurethane artificial leather.
- Growing demand for eco-friendly products: There is an increasing trend among consumers towards purchasing eco-friendly products and this is driving the growth of the polyurethane artificial leather market.
- Rising disposable income in developing countries: The disposable income in developing countries such as China and India is rising, which is resulting in an increase in spending on luxury items such as cars and furniture, thereby driving the growth of the polyurethane artificial leather market.
- Technological advancements: There has been a significant advancement in technology used for manufacturing polyurethane artificial leather over the past few years, which has resulted in improved quality and durability of these products, thereby driving their demand globally. 5) Emerging markets offer potential opportunities: The global Polyurethane Artificial Leather market offers potential opportunities for growth owing to rising population and increasing per capita income levels across emerging markets such as Latin America, Asia Pacific excluding Japan (APEJ), Eastern Europe and Middle East & Africa (MEA).
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane Artificial Leather Market Research Report
By Type
Ordinary PU synthetic leather, Microfiber synthetic leather, Others
By Application
Footwear, Apparel & Accessories, Furnishing, Automotive, Sports Goods, Bags, Others
By Companies
Covestro (Bayer), Continental, Vowalon Coating Co., Ltd., Giardini, NOBILIS, Elmo Sweden AB, Münchner Autostoff Handel GmbH, Viniltex Srl, E.J. Kluth GmbH, Top Gear Leather
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane Artificial Leather Market Report Segments:
The global Polyurethane Artificial Leather market is segmented on the basis of:
Types
Ordinary PU synthetic leather, Microfiber synthetic leather, Others
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
Footwear, Apparel & Accessories, Furnishing, Automotive, Sports Goods, Bags, 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:
- Covestro (Bayer)
- Continental
- Vowalon Coating Co., Ltd.
- Giardini
- NOBILIS
- Elmo Sweden AB
- Münchner Autostoff Handel GmbH
- Viniltex Srl
- E.J. Kluth GmbH
- Top Gear Leather
Highlights of The Polyurethane Artificial Leather 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:
- Ordinary PU synthetic leather
- Microfiber synthetic leather
- Others
- By Application:
- Footwear
- Apparel & Accessories
- Furnishing
- Automotive
- Sports Goods
- Bags
- 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 Polyurethane Artificial Leather 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
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- Product & Brand Management
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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?
Polyurethane artificial leather is a type of synthetic leather that is made from a variety of polymers. It is often used to imitate the look and feel of real leather, but it is not actually made from animal skin.
Some of the major companies in the polyurethane artificial leather market are Covestro (Bayer), Continental, Vowalon Coating Co., Ltd., Giardini, NOBILIS, Elmo Sweden AB, M¼nchner Autostoff Handel GmbH, Viniltex Srl, E.J. Kluth GmbH, Top Gear Leather.
The polyurethane artificial leather market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyurethane Artificial Leather Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyurethane Artificial Leather Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurethane Artificial Leather Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyurethane Artificial Leather Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyurethane Artificial Leather Market Size & Forecast, 2018-2028
4.5.1 Polyurethane Artificial Leather Market Size and Y-o-Y Growth
4.5.2 Polyurethane Artificial Leather Market Absolute $ Opportunity
Chapter 5 Global Polyurethane Artificial Leather Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyurethane Artificial Leather Market Size Forecast by Type
5.2.1 Ordinary PU synthetic leather
5.2.2 Microfiber synthetic leather
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyurethane Artificial Leather Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyurethane Artificial Leather Market Size Forecast by Applications
6.2.1 Footwear
6.2.2 Apparel & Accessories
6.2.3 Furnishing
6.2.4 Automotive
6.2.5 Sports Goods
6.2.6 Bags
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane Artificial Leather Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyurethane Artificial Leather Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyurethane Artificial Leather Analysis and Forecast
9.1 Introduction
9.2 North America Polyurethane Artificial Leather Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyurethane Artificial Leather Market Size Forecast by Type
9.6.1 Ordinary PU synthetic leather
9.6.2 Microfiber synthetic leather
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyurethane Artificial Leather Market Size Forecast by Applications
9.10.1 Footwear
9.10.2 Apparel & Accessories
9.10.3 Furnishing
9.10.4 Automotive
9.10.5 Sports Goods
9.10.6 Bags
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyurethane Artificial Leather Analysis and Forecast
10.1 Introduction
10.2 Europe Polyurethane Artificial Leather Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyurethane Artificial Leather Market Size Forecast by Type
10.6.1 Ordinary PU synthetic leather
10.6.2 Microfiber synthetic leather
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyurethane Artificial Leather Market Size Forecast by Applications
10.10.1 Footwear
10.10.2 Apparel & Accessories
10.10.3 Furnishing
10.10.4 Automotive
10.10.5 Sports Goods
10.10.6 Bags
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyurethane Artificial Leather Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyurethane Artificial Leather Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyurethane Artificial Leather Market Size Forecast by Type
11.6.1 Ordinary PU synthetic leather
11.6.2 Microfiber synthetic leather
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyurethane Artificial Leather Market Size Forecast by Applications
11.10.1 Footwear
11.10.2 Apparel & Accessories
11.10.3 Furnishing
11.10.4 Automotive
11.10.5 Sports Goods
11.10.6 Bags
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyurethane Artificial Leather Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyurethane Artificial Leather Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyurethane Artificial Leather Market Size Forecast by Type
12.6.1 Ordinary PU synthetic leather
12.6.2 Microfiber synthetic leather
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyurethane Artificial Leather Market Size Forecast by Applications
12.10.1 Footwear
12.10.2 Apparel & Accessories
12.10.3 Furnishing
12.10.4 Automotive
12.10.5 Sports Goods
12.10.6 Bags
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyurethane Artificial Leather Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyurethane Artificial Leather Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyurethane Artificial Leather Market Size Forecast by Type
13.6.1 Ordinary PU synthetic leather
13.6.2 Microfiber synthetic leather
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyurethane Artificial Leather Market Size Forecast by Applications
13.10.1 Footwear
13.10.2 Apparel & Accessories
13.10.3 Furnishing
13.10.4 Automotive
13.10.5 Sports Goods
13.10.6 Bags
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyurethane Artificial Leather Market: Competitive Dashboard
14.2 Global Polyurethane Artificial Leather Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Covestro (Bayer)
14.3.2 Continental
14.3.3 Vowalon Coating Co., Ltd.
14.3.4 Giardini
14.3.5 NOBILIS
14.3.6 Elmo Sweden AB
14.3.7 Münchner Autostoff Handel GmbH
14.3.8 Viniltex Srl
14.3.9 E.J. Kluth GmbH
14.3.10 Top Gear Leather
