The global PU microfiber leather market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market can be attributed to the increasing demand for PU microfiber leather in various applications such as shoes and clothes, furniture, automotive trim, and case & bag. The major factors driving the growth of this market are increasing demand for PU microfiber leather in various applications such as shoes and clothes, furniture, automotive trim, and case & bag; growing awareness about environmental sustainability; high durability; low maintenance cost; easy availability of raw materials; and low production cost. However, high price is a major factor restraining the growth of this market.
Solvent PU Microfiber Leather accounted for more than 50% share in 2017 owing to its wide application scope across different industries such as footwear & clothing industry (shoes & clothes), furniture industry (furniture), automotive industry (automotive trims) etc, which are expected to drive its demand over the forecast period. Watebased PU Microfiber Leather is expected to witness significant growth owing to its eco-friendly nature that makes it an attractive option among consumers who are concerned about their environment’s health.
- The PU Microfiber Leather market is driven by the increasing demand for leather substitutes in the automotive industry.
- The PU Microfiber Leather market is also driven by the increasing demand for leather substitutes in furniture and upholstery industries.
- Increasing disposable income levels and changing lifestyles are driving the growth of this market.
- Increasing awareness about environmental issues and sustainability are also driving this market.
Industry Growth Insights published a new data on “PU Microfiber Leather Market”. The research report is titled “PU Microfiber Leather Market research by Types (Solvent PU Microfiber Leather, Water-based PU Microfiber Leather), By Applications (Shoes & Clothes, Furniture, Automotive Trim, Case & Bag, Others), By Players/Companies Huafon Group, KURARAY, TORAY, Hexin Group, Teijin Cordley, Asahi Kasei, Kolon Industries, Sanfang, Wanhua Micro Fiber, Meisheng Group, FILWEL, Sanling Micro Fiber, SISA, Ecolorica, Seiren, Rishabh Velveleen, Tongda Island, Topsun Micro Fiber, Xiangyu Xinghong”.
Scope Of The Report
Report Attributes
Report Details
Report Title
PU Microfiber Leather Market Research Report
By Type
Solvent PU Microfiber Leather, Water-based PU Microfiber Leather
By Application
Shoes & Clothes, Furniture, Automotive Trim, Case & Bag, Others
By Companies
Huafon Group, KURARAY, TORAY, Hexin Group, Teijin Cordley, Asahi Kasei, Kolon Industries, Sanfang, Wanhua Micro Fiber, Meisheng Group, FILWEL, Sanling Micro Fiber, SISA, Ecolorica, Seiren, Rishabh Velveleen, Tongda Island, Topsun Micro Fiber, Xiangyu Xinghong
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global PU Microfiber Leather Market Report Segments:
The global PU Microfiber Leather market is segmented on the basis of:
Types
Solvent PU Microfiber Leather, Water-based PU Microfiber 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
Shoes & Clothes, Furniture, Automotive Trim, Case & Bag, 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:
- Huafon Group
- KURARAY
- TORAY
- Hexin Group
- Teijin Cordley
- Asahi Kasei
- Kolon Industries
- Sanfang
- Wanhua Micro Fiber
- Meisheng Group
- FILWEL
- Sanling Micro Fiber
- SISA
- Ecolorica
- Seiren
- Rishabh Velveleen
- Tongda Island
- Topsun Micro Fiber
- Xiangyu Xinghong
Highlights of The PU Microfiber 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:
- Solvent PU Microfiber Leather
- Water-based PU Microfiber Leather
- By Application:
- Shoes & Clothes
- Furniture
- Automotive Trim
- Case & Bag
- 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 PU Microfiber 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?
PU microfiber leather is a type of synthetic leather that is made up of tiny, closely-packed fibers. This type of leather is often used to make wallets, purses, and other small items because it's lightweight and durable.
Some of the key players operating in the pu microfiber leather market are Huafon Group, KURARAY, TORAY, Hexin Group, Teijin Cordley, Asahi Kasei, Kolon Industries, Sanfang, Wanhua Micro Fiber, Meisheng Group, FILWEL, Sanling Micro Fiber, SISA, Ecolorica, Seiren, Rishabh Velveleen, Tongda Island, Topsun Micro Fiber, Xiangyu Xinghong.
The pu microfiber leather market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PU Microfiber Leather 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. PU Microfiber Leather Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PU Microfiber Leather Market - Supply Chain
4.5. Global PU Microfiber Leather Market Forecast
4.5.1. PU Microfiber Leather Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PU Microfiber Leather Market Size (000 Units) and Y-o-Y Growth
4.5.3. PU Microfiber Leather Market Absolute $ Opportunity
5. Global PU Microfiber Leather 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. PU Microfiber Leather Market Size and Volume Forecast by Type
5.3.1. Solvent PU Microfiber Leather
5.3.2. Water-based PU Microfiber Leather
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PU Microfiber Leather 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. PU Microfiber Leather Market Size and Volume Forecast by Application
6.3.1. Shoes & Clothes
6.3.2. Furniture
6.3.3. Automotive Trim
6.3.4. Case & Bag
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PU Microfiber Leather 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. PU Microfiber Leather 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 PU Microfiber Leather 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. PU Microfiber Leather 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 PU Microfiber Leather Demand Share Forecast, 2019-2026
9. North America PU Microfiber Leather 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 PU Microfiber Leather 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 PU Microfiber Leather Market Size and Volume Forecast by Application
9.4.1. Shoes & Clothes
9.4.2. Furniture
9.4.3. Automotive Trim
9.4.4. Case & Bag
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PU Microfiber Leather Market Size and Volume Forecast by Type
9.7.1. Solvent PU Microfiber Leather
9.7.2. Water-based PU Microfiber 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 PU Microfiber Leather Demand Share Forecast, 2019-2026
10. Latin America PU Microfiber Leather 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 PU Microfiber Leather 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 PU Microfiber Leather Market Size and Volume Forecast by Application
10.4.1. Shoes & Clothes
10.4.2. Furniture
10.4.3. Automotive Trim
10.4.4. Case & Bag
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PU Microfiber Leather Market Size and Volume Forecast by Type
10.7.1. Solvent PU Microfiber Leather
10.7.2. Water-based PU Microfiber 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 PU Microfiber Leather Demand Share Forecast, 2019-2026
11. Europe PU Microfiber Leather 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 PU Microfiber Leather 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 PU Microfiber Leather Market Size and Volume Forecast by Application
11.4.1. Shoes & Clothes
11.4.2. Furniture
11.4.3. Automotive Trim
11.4.4. Case & Bag
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PU Microfiber Leather Market Size and Volume Forecast by Type
11.7.1. Solvent PU Microfiber Leather
11.7.2. Water-based PU Microfiber Leather
11.8. Basis Poin 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 PU Microfiber Leather Demand Share, 2019-2026
12. Asia Pacific PU Microfiber Leather 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 PU Microfiber Leather 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 PU Microfiber Leather Market Size and Volume Forecast by Application
12.4.1. Shoes & Clothes
12.4.2. Furniture
12.4.3. Automotive Trim
12.4.4. Case & Bag
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PU Microfiber Leather Market Size and Volume Forecast by Type
12.7.1. Solvent PU Microfiber Leather
12.7.2. Water-based PU Microfiber 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 PU Microfiber Leather Demand Share, 2019-2026
13. Middle East & Africa PU Microfiber Leather 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 PU Microfiber Leather 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 PU Microfiber Leather Market Size and Volume Forecast by Application
13.4.1. Shoes & Clothes
13.4.2. Furniture
13.4.3. Automotive Trim
13.4.4. Case & Bag
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PU Microfiber Leather Market Size and Volume Forecast by Type
13.7.1. Solvent PU Microfiber Leather
13.7.2. Water-based PU Microfiber 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 PU Microfiber Leather Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PU Microfiber Leather Market: Market Share Analysis
14.2. PU Microfiber Leather Distributors and Customers
14.3. PU Microfiber Leather Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Huafon Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KURARAY
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TORAY
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hexin Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Teijin Cordley
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Asahi Kasei
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kolon Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sanfang
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wanhua Micro Fiber
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Meisheng Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FILWEL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sanling Micro Fiber
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SISA
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ecolorica
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Seiren
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Rishabh Velveleen
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tongda Island
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Topsun Micro Fiber
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xiangyu Xinghong
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
