The Synthetic Leather/Artificial Leather Global Market Report 2023, provides comprehensive information on the synthetic leather/artificial leather market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Synthetic Leather/Artificial Leather Market’s Growth:
As per The Business Research Company’s Synthetic Leather/Artificial Leather Global Market Report 2023, the market size is expected to grow from $30.61 billion in 2022 to $33.25 billion in 2023 at a compound annual growth rate (CAGR) of 8.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global synthetic leather/artificial leather market size is expected to reach $44.98 billion in 2027 at a CAGR of 7.85%.
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Product innovation is the key trend gaining popularity in the synthetic leather/artificial leather market. Major companies operating in the synthetic leather/artificial leather market are focusing on developing innovative artificial leather to increase their application in various fields. For instance, in April 2023, General Silicones, a Taiwan-based manufacturer of silicone products launched Compo-SiL (SL series) silicone vegan leather products. It is created especially for companies that make consumer goods like bags, backpacks, shoes, wallets, belts, book bindings, and covers and are looking for vegan leather supplies with factory-applied fabric lining. Customers can choose from a variety of SL series leather surface textures, including stripes, matte, lambskin, calf, and bovine. The unique features of silicone rubber and the Compo-SiL® technology provide producers searching for a source of excellent PETA-approved vegan leather with several advantages over leather products.
The synthetic leather/artificial leather market is segmented:
1) By Type: Polyurethane (PU)-Based, Polyvinyl Chloride (PVC)-Based, Bio-Based
2) By Grade: High-Grade, Mid-Grade
3) By Application: Footwear, Furnishing, Automotive, Clothing, Bags, Purses And Wallets
Asia-Pacific was the largest region in the synthetic leather/artificial leather market in 2022.
The table of contents in TBRC’s synthetic leather/artificial leather market report includes:
1. Executive Summary
2. Synthetic Leather or Artificial Leather Market Characteristics
3. Synthetic Leather or Artificial Leather Market Trends And Strategies
4. Synthetic Leather or Artificial Leather Market – Macro Economic Scenario
5. Synthetic Leather or Artificial Leather Market Size And Growth
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26. Africa Synthetic Leather or Artificial Leather Market
27. Synthetic Leather or Artificial Leather Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Synthetic Leather or Artificial Leather Market
29. Synthetic Leather or Artificial Leather Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- H. R. Polycoats Pvt. Ltd
- Kuraray Co. Ltd
- Alfatex Italia SRL
- Yantai Wanhua Synthetic Leather Group Co. Ltd
- San Fang Chemical Industry Co. Ltd
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