Market Summary
Research Methodology on Synthetic Leather Market
1. Introduction
This research study ‘Global Synthetic Leather Market Forecast till 2030 ‘ is an in-depth assessment of the global synthetic leather market. It assesses the supply, demand, profitability, and competitive structure of the market while evaluating them from the perspective of the market players. The research study provides an in-depth evaluation of the market based on the zealous analysis of the leading players who are expected to propel the market growth in the forecast period of 2023-2030. Comprehensive data regarding the key players operating in the market and their key evolutionary strategies are discussed in the report. Furthermore, the competitive scenarios to come in the market during the forecast period are also discussed in the research study.
2. Research Methodology
To evaluate the data, and information and analyse the synthetic leather market trends, the research report has adopted several methods and techniques. The research was conducted with the help of pertinent methodologies such as primary and secondary research as well as bottom-up and top-down approaches. Estimation of market figures is determined through the extrapolation of the data collected through the previous studies. Even though these figures generated out of the secondary research data are more of a valid nature and are hence considered to be of the highest rational value. The report also covers interviews with key opinion leaders, industry experts and all the key players in the synthetic leather market. The primary research data includes information obtained from discussions with stakeholders of the industry, investors, and industry experts.
3. Scope of the Research
The research covers data for the global synthetic leather market which includes numerous research studies covering different parameters of the industry viz. value, technology advances, regional segmentation and many other features of the global market. A detailed analysis of qualitative and quantitative aspects is covered in the research report.
4. Segmental Analysis
The global synthetic leather market is segmented by product type, application, and region. By product type, the market is segmented into PU, PVC, bio-based and others. By application, the market is classified into automotive, building & construction, sports & leisure and others.
5. Secondary Research
Secondary research is done by studying various industry players’ investor delivering and related publications such as financial reviews, company annual reports, industry databases, news articles, investor presentations, analyst meetings, and news releases. The secondary research study has been conducted based on a comprehensive analysis depending on the previous year’s estimates as well as the current market algorithmic developments. Furthermore, the secondary research was conducted based on the analysis of different major companies operating in the industry and studying reports from industry bodies.
6. Primary Research
Primary research involves the use of survey forms survey panels and exploratory studies with key opinion leaders and industry experts. Primary research is conducted to obtain valuable insights from the industry experts and top-level associations of the industry. Primary research is one of the important facets of this research study.
7. Assumptions/Approaches
This research study consists of certain assumptions and approaches used for deriving the estimated numbers of the global synthetic leather market. The approach used for the research study arrived after conducting extensive studies on the global synthetic leather market. Both primary and secondary analyses have been relied upon to derive the numbers that are used in the research study. The primary details are collected from the industry professionals while the bottom-up approach is used to calculate the regional market numbers from country and sub-region levels. The supply-side and demand-side data triangulation has been used to arrive at the regional numbers.
Various assumptions and approaches adopted are dependent upon the type of products, markets, and services considered while conducting a study of the global synthetic leather market. This study is conducted with the help of a bottom-up approach based on various sources from the industry which include the industry players, investors, associations, and industry bodies. Various other primary and secondary research sources were further analyzed to arrive at the estimated figures for the market.
CONCLUSION
The research report has utilized several primary and secondary approaches to gather information on the synthetic leather market. Primary research included surveys, interviews and discussions with key opinion leaders in the industry. Secondary research included the study of various industry publications, reports, articles etc. Bottom-up and top-down approaches, time-series analysis and demand-side and supply-side data triangulation were used to determine the market figures and performance. All these methods have been adopted in order to generate an accurate and reliable dataset to assess the market objectively. The global synthetic leather market is expected to show promising growth in the coming years, driven by the growing demand as well as the technological advancements that have taken place in the industry.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 67.50 Billion |
Market Size 2024 | USD 72.04 Billion |
Market Size 2032 | USD 121.40 Billion |
Compound Annual Growth Rate (CAGR) | 6.74% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018 & 2020 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product, End-user, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Kuraray Co. Ltd - Japan, H.R. Polycoats Pvt. Ltd, - India, Alfatex Italia SRL, - Italy, Filwel Co. Ltd, - Japan Yantai Wanhua Synthetic Leather Group Co. Ltd, -China, San Fang Chemical Industry Co. Ltd, China, Mayur Uniquoters Limited, - India, Nan Ya Plastics Corporation, - China, Zhejiang Hexin Industry Group Co. Ltd, -China, Teijin Limited, - Japan, DuPont Tate & Lyle Bio Products Company, -the USA, LC, Gruppo Mastrotto SPA,- Italy, Asahi Kasei Corporation, - Japan and Toray Group. - Japan |
Key Market Opportunities | More and more automobile and vehicle manufacturers want to use synthetic leather products to make seat covers, dashboards, and other fabric-based parts in vehicles. |
Key Market Dynamics | The footwear industry is growing rapidly. |
Major Players
Synthetic Leather Product Outlook (USD Billion, 2018-2030)
PVC-Based
PU-Based
Bio-Based
Synthetic Leather End-user Outlook (USD Billion, 2018-2030)
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Synthetic Leather Regional Outlook (USD Billion, 2018-2030)
North America Outlook (USD Billion, 2018-2030)
North America Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
North America Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
US Outlook (USD Billion, 2018-2030)
US Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
US Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
CANADA Outlook (USD Billion, 2018-2030)
CANADA Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
CANADA Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Europe Outlook (USD Billion, 2018-2030)
Europe Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Europe Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Germany Outlook (USD Billion, 2018-2030)
Germany Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Germany Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
France Outlook (USD Billion, 2018-2030)
France Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
France Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
UK Outlook (USD Billion, 2018-2030)
UK Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
UK Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
ITALY Outlook (USD Billion, 2018-2030)
ITALY Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
ITALY Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
SPAIN Outlook (USD Billion, 2018-2030)
Spain Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Spain Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Rest Of Europe Outlook (USD Billion, 2018-2030)
REST OF EUROPE Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
REST OF EUROPE Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Asia-Pacific Outlook (USD Billion, 2018-2030)
Asia-Pacific Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Asia-Pacific Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
China Outlook (USD Billion, 2018-2030)
China Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
China Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Japan Outlook (USD Billion, 2018-2030)
Japan Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Japan Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
India Outlook (USD Billion, 2018-2030)
India Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
India Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Australia Outlook (USD Billion, 2018-2030)
Australia Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Australia Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)
Rest of Asia-Pacific Low-Profile Additives by Product
PVC-Based
PU-Based
Bio-Based
Rest of Asia-Pacific Low-Profile Additives by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Rest of the World Outlook (USD Billion, 2018-2030)
Rest of the World Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Rest of the World Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Middle East Outlook (USD Billion, 2018-2030)
Middle East Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Middle East Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Africa Outlook (USD Billion, 2018-2030)
Africa Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Africa Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
Latin America Outlook (USD Billion, 2018-2030)
Latin America Synthetic Leather by Product
PVC-Based
PU-Based
Bio-Based
Latin America Synthetic Leather by End-user
AUTOMOTIVE
Footwear
Clothing
Purses, And Wallets
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