Market Overview:
The global polyurethane synthetic leather market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PU synthetic leather in footwear, furnishing, automotive, clothing and bags applications. North America is expected to lead the global PU synthetic leather market during the forecast period owing to the presence of key players and rising demand from end-use industries. Asia Pacific is projected to be the fastest growing region during the forecast period due to rapid industrialization and urbanization in countries such as China and India.
Product Definition:
Polyurethane Synthetic Leather is a synthetic leather material made from Polyurethane. It is often used as an alternative to animal-based leather, as it is more environmentally friendly and cruelty-free. Polyurethane Synthetic Leather can be used for a variety of purposes, including upholstery, clothing, and shoes.
Dry Synthetic:
Dry synthetic is a type of artificial leather which is manufactured by the chemical synthesis of polyurethane. It has several advantages over natural leather such as it’s easy to clean, requires less maintenance and has a longer lifespan. The major factor responsible for its growing demand in recent years is its cost effectiveness as compared to natural leather.
The market for dry synthetic in terms of volume was valued at 4,867.1 kilo tons globally in 2015.
Wet Synthetic:
Wet synthetic is a process of manufacturing polyurethane (PU) by adding chemicals to liquid polymer. In this process, raw materials such as ethylene and catalysts are mixed under high pressure and temperature. The resulting mixture is then passed through a series of pipes where it comes in contact with the catalyst which causes rapid reaction between them producing polyurethane liquid.
Application Insights:
Footwear was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The increasing disposable income of consumers, especially in emerging economies such as China and India, has led to an increase in demand for footwear. This is likely to fuel polyurethane synthetic leather demand over the forecast period.
The furnishing segment held a share of 7% of global market volume in 2016 owing to growing consumer preference for new furniture designs with modern aesthetics. PU faux leather is increasingly being used by furnishing designers as it can be easily stitched together without the use of zippers or buttons, which makes it more durable than other fabrics used previously.
Automotive applications are also estimated to witness considerable growth on account of rising automotive production rates across various regions coupled with high consumerism trends within developing countries such as China and India where automobiles are considered important assets among consumers due their higher spending capacities compared with other countries globally.
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 disposable income, rapid urbanization and changing lifestyle along with rising demand for luxury goods. The region has witnessed significant growth in automobile production over the past few years which will have a positive impact on PU leather market growth.
Europe was the second largest consumer of polyurethane synthetic leather after Asia Pacific in 2017 due to high demand from automotive industry for seat covers, airbags and other interior parts that are manufactured using these products. North America is also projected to witness considerable growth over the forecast period owing to increasing use of these products as an alternative for alligator skin or reptile leather in various applications such as shoes, handbags, clothing etc., especially in U.S.
Growth Factors:
- Increasing demand from automotive and furniture industries
- Growing awareness about the benefits of synthetic leather over natural leather
- Rising disposable income of consumers in developing countries
- Technological advancements that have led to the development of better quality synthetic leather products
- Stringent environmental regulations that promote the use of synthetic leather over other materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane Synthetic Leather Market Research Report
By Type
Dry Synthetic, Wet Synthetic
By Application
Footwear, Furnishing, Automotive, Clothing, Bags, Others
By Companies
Alfatex, Teijin Limited, Toray Industries Inc., Yantai Wanhua Synthetic Leather Group, Zhejiang Hexin Industry Group, Zhejiang Yongfa Synthetic Leather, Amway, Shandong Jinfeng Artificial Leather, Anhui Material Technology, Arora Vinyl, Filwel, Alfatex, Kuraray, San Fang Chemical Industry, Mayur Uniquoters Limited, Nan Ya Plastics Industrial
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane Synthetic Leather Market Report Segments:
The global Polyurethane Synthetic Leather market is segmented on the basis of:
Types
Dry Synthetic, Wet Synthetic
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, Furnishing, Automotive, Clothing, 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:
- Alfatex
- Teijin Limited
- Toray Industries Inc.
- Yantai Wanhua Synthetic Leather Group
- Zhejiang Hexin Industry Group
- Zhejiang Yongfa Synthetic Leather
- Amway, Shandong Jinfeng Artificial Leather
- Anhui Material Technology
- Arora Vinyl
- Filwel
- Alfatex
- Kuraray
- San Fang Chemical Industry
- Mayur Uniquoters Limited
- Nan Ya Plastics Industrial
Highlights of The Polyurethane Synthetic 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:
- Dry Synthetic
- Wet Synthetic
- By Application:
- Footwear
- Furnishing
- Automotive
- Clothing
- 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 Synthetic 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.
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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 synthetic leather is a type of synthetic leather that is made from polyurethane resin. It is often used to make imitation leather products, such as wallets, purses, and other accessories.
Some of the major companies in the polyurethane synthetic leather market are Alfatex, Teijin Limited, Toray Industries Inc., Yantai Wanhua Synthetic Leather Group, Zhejiang Hexin Industry Group, Zhejiang Yongfa Synthetic Leather, Amway, Shandong Jinfeng Artificial Leather, Anhui Material Technology, Arora Vinyl, Filwel, Alfatex, Kuraray, San Fang Chemical Industry, Mayur Uniquoters Limited, Nan Ya Plastics Industrial.
The polyurethane synthetic 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 Synthetic 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 Synthetic Leather Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Polyurethane Synthetic 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 Synthetic 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 Synthetic Leather Market Size & Forecast, 2020-2028 4.5.1 Polyurethane Synthetic Leather Market Size and Y-o-Y Growth 4.5.2 Polyurethane Synthetic Leather Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Dry Synthetic
5.2.2 Wet Synthetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Footwear
6.2.2 Furnishing
6.2.3 Automotive
6.2.4 Clothing
6.2.5 Bags
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane Synthetic 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 Synthetic 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Dry Synthetic
9.6.2 Wet Synthetic
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 Market Size Forecast by Applications
9.10.1 Footwear
9.10.2 Furnishing
9.10.3 Automotive
9.10.4 Clothing
9.10.5 Bags
9.10.6 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Dry Synthetic
10.6.2 Wet Synthetic
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 Market Size Forecast by Applications
10.10.1 Footwear
10.10.2 Furnishing
10.10.3 Automotive
10.10.4 Clothing
10.10.5 Bags
10.10.6 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Dry Synthetic
11.6.2 Wet Synthetic
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 Market Size Forecast by Applications
11.10.1 Footwear
11.10.2 Furnishing
11.10.3 Automotive
11.10.4 Clothing
11.10.5 Bags
11.10.6 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Dry Synthetic
12.6.2 Wet Synthetic
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 Market Size Forecast by Applications
12.10.1 Footwear
12.10.2 Furnishing
12.10.3 Automotive
12.10.4 Clothing
12.10.5 Bags
12.10.6 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Dry Synthetic
13.6.2 Wet Synthetic
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) Market Size Forecast by Applications
13.10.1 Footwear
13.10.2 Furnishing
13.10.3 Automotive
13.10.4 Clothing
13.10.5 Bags
13.10.6 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 Synthetic Leather Market: Competitive Dashboard
14.2 Global Polyurethane Synthetic Leather Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfatex
14.3.2 Teijin Limited
14.3.3 Toray Industries Inc.
14.3.4 Yantai Wanhua Synthetic Leather Group
14.3.5 Zhejiang Hexin Industry Group
14.3.6 Zhejiang Yongfa Synthetic Leather
14.3.7 Amway, Shandong Jinfeng Artificial Leather
14.3.8 Anhui Material Technology
14.3.9 Arora Vinyl
14.3.10 Filwel
14.3.11 Alfatex
14.3.12 Kuraray
14.3.13 San Fang Chemical Industry
14.3.14 Mayur Uniquoters Limited
14.3.15 Nan Ya Plastics Industrial