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Global Synthetic Leather Market 2017-2021

Global Synthetic Leather Market 2017-2021

About Synthetic Leather

Artificial leather or synthetics is gaining prominence due these reasons such as it is a manmade fabric and looks exactly like leather. It has a surface which is similar to leather, and this is achieved through various dyes and treatment to get a look and feel similar to genuine leather. Synthetic leather is man-made leather and has properties similar to genuine leather. It is also known as artificial leather or faux leather.

Technavio’s analysts forecast the global synthetic leather market to grow at a CAGR of 7.13% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global synthetic leather market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Synthetic Leather Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • KURARAY
  • Mayur Uniquoters
  • NAN YA PLASTICS
  • TEIJIN
  • TORAY INDUSTRIES
Other prominent vendors
  • Achilles USA
  • ALFATEX
  • ARORA VINYL
  • DAEWON Chemicals
  • FILWEL
  • H.R.Polycoats
  • Lederplast
  • MarvelVinyls
  • SAN FANG CHEMICAL INDUSTRY
  • Sisa
  • Suzhou Star New Material
Market driver
  • Regulations against animal killing
  • For a full, detailed list, view our report
Market challenge
  • Harmful environmental effects of PVC processing
  • For a full, detailed list, view our report
Market trend
  • Focus on development of bio-based synthetic leather
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Synthetic Leather Market 2017-2021

Technavio recognizes the following companies as the key players in the global synthetic leather market: KURARAY, Mayur Uniquoters, NAN YA PLASTICS, TEIJIN, and TORAY INDUSTRIES.

Other Prominent Vendors in the market are: Achilles USA, ALFATEX, ARORA VINYL, DAEWON Chemicals, FILWEL, H.R. Polycoats, Lederplast, MarvelVinyls, SAN FANG CHEMICAL INDUSTRY, Sisa, and Suzhou Star New Material.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is focus on development of bio-based synthetic leather. The need for sustainability is impelling the various stakeholders, such as customers, manufacturers, and the governments, to implement the production and adoption of bio-based products. Almost 9-11% of all the chemical-based products have their raw materials sourced from renewable sources, thus, making them more environment-friendly.”

According to the report, one driver in the market is regulations against animal killing. Animal lovers across the globe are turning toward vegan leather. The major reason being to reduce animal killing for their hides for manufacturing of leather. India is one of the major producers and exporters of leather in the world and accounts for around 13% of the world’s leather production. It ranks second for the manufacturing of leather footwear and garments in the world. Recently, there has been a ban on cattle slaughter in India.

Further, the report states that one challenge in the market is harmful environmental effects of PVC processing. PU and PVC are the most common materials that are used to make synthetic leather. Among these two materials, PVC is preferred more as it is much cheaper than PU. However, in recent times, the use of PVC is being reduced as it releases dioxins, which are hazardous chemicals. Another factor is the use of plasticizers known as phthalates. PVC, in the original form, is a very rigid substance and plasticizers must be added to make it more flexible and malleable.

Companies Mentioned

KURARAY, Mayur Uniquoters, NAN YA PLASTICS, TEIJIN, and TORAY INDUSTRIES, Achilles USA, ALFATEX, ARORA VINYL, DAEWON Chemicals, FILWEL, H.R. Polycoats, Lederplast, MarvelVinyls, SAN FANG CHEMICAL INDUSTRY, Sisa, and Suzhou Star New Material

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global synthetic leather market
    • Market size and forecast
      • Table Global synthetic leather market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global synthetic leather market by type
      • Table Global synthetic leather market by type 2016
      • Table Global synthetic leather market by type 2021
    • Global PU-based synthetic leather market
      • Table Global PU-based synthetic leather market 2016-2021 ($ millions)
    • Global PVC-based synthetic leather market
      • Table Global PVC-based synthetic leather market 2016-2021 ($ millions)
    • Global bio-based synthetic leather market
      • Table Global bio-based synthetic leather market 2016-2021 ($ millions)
  • Market segmentation by application
    • Global synthetic leather market by application
      • Table Global synthetic leather market by application 2016
      • Table Global synthetic leather market by application 2021
    • Global synthetic leather market for footwear industry
      • Table Global synthetic leather market for footwear industry 2016-2021 ($ millions)
    • Global synthetic leather market for furnishing industry
      • Table Global synthetic leather market for furnishing industry 2016-2021 ($ millions)
      • Table Geographical segmentation of global home furnishing 2016
    • Global synthetic leather market for automotive industry
      • Table Global synthetic leather market for automotive industry 2016-2021 ($ millions)
      • Table Forecasted global automotive production 2016-2021 (million units)
    • Global synthetic leather market for bags industry
      • Table Global synthetic leather market for bags industry 2016-2021 ($ millions)
    • Global synthetic leather market for other industries
      • Table Global synthetic leather market for other industries 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Market size & forecast
    • Regional comparison
      • Table Regional comparison
    • Synthetic leather market in APAC–market size & forecast
      • Table APAC–market size & forecast 2016-21 ($ million)
      • Table APAC–Year-over-year growth
    • Synthetic leather market in Americas–market size & forecast
      • Table Americas–market size & forecast 2016-21 ($ millions)
      • Table Americas–Year-over-year growth
    • Synthetic leather market in EMEA–market size & forecast
      • Table EMEA–market size & forecast 2016-21 ($ millions)
      • Table EMEA–Year-over-year growth
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Advantages of synthetic leather over genuine leather
    • Market challenges
  • Market trends
    • Focus on development of bio-based synthetic leather
    • Use of water-based coating for PU
    • Increasing the production capacity
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors in global synthetic leather market 2016
    • Other prominent vendors
  • Key vendor analysis
    • KURARAY
      • Table KURARAY: Business segmentation by revenue 2016
      • Table KURARAY: Geographical segmentation by revenue 2016
    • Mayur Uniquoters
    • NAN YA PLASTICS
      • Table NAN YA PLASTICS: Business segmentation by revenue 2016
      • Table NAN YA PLASTICS: Geographical segmentation by revenue 2016
    • TEIJIN
      • Table TEIJIN: Business segmentation by revenue 2016
      • Table TEIJIN: Geographical segmentation by revenue 2016
    • TORAY INDUSTRIES
      • Table TORAY INDUSTRIES: Business segmentation by revenue 2016
      • Table TORAY INDUSTRIES: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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