Market Overview:
The global third generation artificial leather market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for artificial leather in various applications such as shoes & clothes, furniture, automotive trim, case & bag and other applications. In terms of type, stained artificial leather is expected to hold a larger share of the market during the forecast period owing to its superior properties as compared to unstained artificial leather. In terms of region, Asia Pacific is expected to be the fastest growing region during the forecast period followed by Europe and North America respectively.
Product Definition:
Third Generation Artificial Leather is a synthetic material that is made to look and feel like natural leather. It is often used in upholstery, clothing, and other accessories.
Stained:
Stained, also known as dye leather or pigment leather is a type of artificial leather. It's produced by treating polyurethane with aniline and various other organic chemicals for coloring it in different patterns. Stained artificial leather can be used for making shoe uppers, seat covers, handbags and various other products which give it a unique look along with additional features such as water resistance and easy cleaning characteristics.
Unstained:
Unstained is a unique and innovative technology that utilizes nanotechnology to enhance the performance of third generation artificial leather. Unstained artificial leather has better tensile strength, abrasion resistance, tear resistance and flex fatigue than conventional products. The product also helps in reducing the overall weight of the apparel which makes it more comfortable to wear.
Application Insights:
The shoes and clothes application segment led the global market in 2017. This is attributed to growing demand for leather footwear and clothing products among other countries, such as India, China, Brazil, Indonesia etc. The furniture industry also uses this product extensively owing to its durability and aesthetic appeal. Artificial leather is used in residential as well as commercial furniture items including sofas, chairs & stools along with other decorative accessories such as ottomans & footstools. Its use has increased significantly over the past few years owing to its cost-effectiveness compared to real animal hide or skinning of animals which are majorly used for making artificial leather products.
Artificial leather can be easily dyed any color required which makes it a popular choice among designers who are constantly looking for innovative ways of dyeing their collections every year without having to deal with the logistics involved in tanning or dying real animal hides or skins like cattle/sheep/goat etc.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030. The region has been witnessing increasing demand for third generation artificial leather as a result of rapid industrialization and urbanization in countries such as China, India, Indonesia, Vietnam and Thailand. Increasing disposable income coupled with rising consumer awareness regarding health & hygiene will drive the market further.
Europe accounted for more than 25% share in 2017 owing to high product adoption across major application industries including shoes & clothing, furniture and automotive interior trimming. In addition, high R&D investment by leading manufacturers is anticipated to fuel industry growth over the forecast period. North America also held a significant share due to strong foothold of key companies such as Nike Inc.; Adidas AG; Reebok International Ltd.
Growth Factors:
- Increasing demand from automotive and furniture industries
- Growing awareness about the benefits of using artificial leather over natural leather
- Rising disposable income of consumers in developing countries
- Technological advancements in the production of artificial leathers
- Stringent environmental regulations for use of natural resources
Scope Of The Report
Report Attributes
Report Details
Report Title
Third Generation Artificial Leather Market Research Report
By Type
Stained, Unstained
By Application
Shoes & Clothes, Furniture, Automotive Trim, Case & Bag, Other
By Companies
Huafon Group, Kuraray, TORAY, Hexin Group, Asahi Kasei, Kolon Industries, Sanfang, Wanhua Micro Fiber, Meisheng Group, Sanling Micro Fiber, Ecolorica, Rishabh Velveleen, Tongda Island, Topsun Micro Fiber, Wuxi Double Elephant, Alcantara, Dinamica
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Third Generation Artificial Leather Market Report Segments:
The global Third Generation Artificial Leather market is segmented on the basis of:
Types
Stained, Unstained
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
Shoes & Clothes, Furniture, Automotive Trim, Case & Bag, Other
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:
- Huafon Group
- Kuraray
- TORAY
- Hexin Group
- Asahi Kasei
- Kolon Industries
- Sanfang
- Wanhua Micro Fiber
- Meisheng Group
- Sanling Micro Fiber
- Ecolorica
- Rishabh Velveleen
- Tongda Island
- Topsun Micro Fiber
- Wuxi Double Elephant
- Alcantara
- Dinamica
Highlights of The Third Generation 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:
- Stained
- Unstained
- By Application:
- Shoes & Clothes
- Furniture
- Automotive Trim
- Case & Bag
- Other
- 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 Third Generation 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
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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?
Third generation artificial leather is a type of synthetic leather that is made from polyurethane and other materials. It has a higher resistance to water, oil, and dirt than earlier generations of artificial leather, making it more durable.
Some of the major companies in the third generation artificial leather market are Huafon Group, Kuraray, TORAY, Hexin Group, Asahi Kasei, Kolon Industries, Sanfang, Wanhua Micro Fiber, Meisheng Group, Sanling Micro Fiber, Ecolorica, Rishabh Velveleen, Tongda Island, Topsun Micro Fiber, Wuxi Double Elephant, Alcantara, Dinamica.
The third generation artificial leather market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Third Generation 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 Third Generation Artificial Leather Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Third Generation 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 Third Generation 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 Third Generation Artificial Leather Market Size & Forecast, 2020-2028
4.5.1 Third Generation Artificial Leather Market Size and Y-o-Y Growth
4.5.2 Third Generation Artificial 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 Stained
5.2.2 Unstained
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 Shoes & Clothes
6.2.2 Furniture
6.2.3 Automotive Trim
6.2.4 Case & Bag
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Third Generation 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 Third Generation 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 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 Stained
9.6.2 Unstained
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 Shoes & Clothes
9.10.2 Furniture
9.10.3 Automotive Trim
9.10.4 Case & Bag
9.10.5 Other
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 Stained
10.6.2 Unstained
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 Shoes & Clothes
10.10.2 Furniture
10.10.3 Automotive Trim
10.10.4 Case & Bag
10.10.5 Other
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 Stained
11.6.2 Unstained
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 Shoes & Clothes
11.10.2 Furniture
11.10.3 Automotive Trim
11.10.4 Case & Bag
11.10.5 Other
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 Stained
12.6.2 Unstained
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 Shoes & Clothes
12.10.2 Furniture
12.10.3 Automotive Trim
12.10.4 Case & Bag
12.10.5 Other
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 Stained
13.6.2 Unstained
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 Shoes & Clothes
13.10.2 Furniture
13.10.3 Automotive Trim
13.10.4 Case & Bag
13.10.5 Other
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 Third Generation Artificial Leather Market: Competitive Dashboard
14.2 Global Third Generation Artificial Leather Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huafon Group
14.3.2 Kuraray
14.3.3 TORAY
14.3.4 Hexin Group
14.3.5 Asahi Kasei
14.3.6 Kolon Industries
14.3.7 Sanfang
14.3.8 Wanhua Micro Fiber
14.3.9 Meisheng Group
14.3.10 Sanling Micro Fiber
14.3.11 Ecolorica
14.3.12 Rishabh Velveleen
14.3.13 Tongda Island
14.3.14 Topsun Micro Fiber
14.3.15 Wuxi Double Elephant
14.3.16 Alcantara
14.3.17 Dinamica
