Synthetic Leather Market Growth Analysis | High demand from developing economies to drive growth
Trends, Drivers and Vendor Forecasts for 2021-2025
The Synthetic leather market is expected to grow by $ 13.89 billion, decelerating at a CAGR of almost 7.58% during the forecast period. The market is fragmented. This research report provides insights into the top market players and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition. Alfatex Italia Srl, Air Water Inc., Anhui Anli Material Technology Co. Ltd., Asahi Kasei Corp., Kuraray Co. Ltd., Mayur Uniquoters Ltd., Nan Ya Plastics Corp., San Fang Chemical Industrial Co. Ltd., Teijin Ltd., and Toray Industries Inc. are some of the major market participants.
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Synthetic Leather Market: Market Segments and Key Trends
The Synthetic leather market is segmented by Product (PU-based, PVC-based, and bio-based), End-user (footwear industry, furnishing industry, automotive industry, bags industry, and others), and Geography (APAC, North America, Europe, South America, and MEA). APAC led the market with 54% of the market growth set to originate from this region during the forecast period. Fluctuating raw material prices is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Synthetic Leather Market: Top Drivers to Boost Demand
High demand from developing economies is one of the primary factors driving the growth of the synthetic leather market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
- Synthetic Leather Market Split by Product
- PU-based
- PVC-based
- bio-based
- Synthetic Leather Market Split by End-user
- footwear industry
- furnishing industry
- automotive industry
- bags industry
- others
- Synthetic Leather Market Split by Geography
- APAC
- North America
- Europe
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Alfatex Italia Srl
- Air Water Inc.
- Anhui Anli Material Technology Co. Ltd.
- Asahi Kasei Corp.
- Kuraray Co. Ltd.
- Mayur Uniquoters Ltd.
- Nan Ya Plastics Corp.
- San Fang Chemical Industrial Co. Ltd.
- Teijin Ltd.
- Toray Industries Inc.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of about 7.58%.
- What is the incremental growth of the market?
The market is expected to grow by $ 13.89 bn through 2021-2025.
- What is a key factor driving this market?
High demand from developing economies will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
54% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Alfatex Italia Srl, Air Water Inc., Anhui Anli Material Technology Co. Ltd., Asahi Kasei Corp., Kuraray Co. Ltd., Mayur Uniquoters Ltd., Nan Ya Plastics Corp., San Fang Chemical Industrial Co. Ltd., Teijin Ltd., and Toray Industries Inc.
- What are the market segments covered in this report?
The market is segmented by Product (PU-based, PVC-based, and bio-based), End-user (footwear industry, furnishing industry, automotive industry, bags industry, and others), and Geography (APAC, North America, Europe, South America, and MEA)
