Artificial Leather Market was valued at USD 33.08 Bn in 2021 and is expected to reach USD 58.13 Bn by 2029 at a CAGR of 7.3% over the forecast period. The report covers an in-depth analysis of COVID 19 pandemic impact on Global Artificial Leather Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.To know about the Research Methodology :- Request Free Sample Report
Artificial Leather Market Dynamics
Artificial leather is the best alternative for genuine leather, as it provides an opportunity to save our ecosystem without compromising the trendy clothing. Applications of artificial leather are enormous and include upholstery for automobile products, insulation tapes, table covers, urine bags, car matt, and PVC geomembrane, etc. Artificial leather can be hand sewing and requires leather needles and threads but for machine industrial sewing machines are suitable. Recent advances in this field produce newer materials with different useful properties for their versatile uses. Various factors such as growing demand from the footwear industry, advantages over pure leather, growing focus on the development of bio-based synthetic leather, changing consumer trends, mounting concerns over the impact of traditional leather on the environment and the growing demand for animal-free products are driving the global market over the forecast period. However, stringent regulations set by the various governments against the usage of toxic chemicals including PU and PVC and the recent spread of COVID-19 across the globe has drastically impacted the market demand of synthetic leather owing to the several preventive measures taken by the various government to limit the spread of the pandemic. Global Artificial Leather Market is segmented by type, by application, and by Region. By application, the Footwear application is expected to hold xx% of market share over the forecast period. Various factors such as changing consumer lifestyle and increasing fashion trends, growing demand for stylish, better fit, and comfortable shoes are driving the market growth over the forecast period. Moreover, factors such as increasing athleisure trend of incorporating athletic shoes in daily lifestyle and the less price of artificial leather footwear products as compared to animal leather are creating lucrative opportunities for the market over the forecast period. By type, Polyurethane (PU) artificial leather dominated the global market in 2021 and is expected to keep its dominance over the forecast period. PU is made with soft polymers and possesses key properties such as lightweight, waterproof, and does not crack light exposure. Various factors such as the increasing use of Polyurethane (PU) in clothing and automotive industries, increasing bio-based products are driving the market growth of this segment over the forecast period. By geography, Asia Pacific held 43.23% of market share in 2021 and is expected to keep its dominance over the forecast period owing to the rising disposable income and increasing population. China, India, and South Korea are expected to hold a major market share in this region. Increasing technological innovations in the synthetic leather industry and presence of some of the major players such as Kuraray Co. Ltd. (Japan), San Fang Chemical Industry Co. Ltd (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Ltd. (India), Nan Ya Plastics Co. Ltd. (Taiwan), Filwel Co. Ltd. (Japan) and Zhejiang Hexin Industry Group Co., Ltd. (China) are driving the market growth in this region. APAC is followed by Europe and North America. China is leading the market in 2021 for artificial leather in terms of production and sales. An outbreak of coronavirus in December 2021 has severely affected the country’s manufacturing output and an ongoing trade war between the U.S. and China and serious strain caused by the spread of the coronavirus pandemic, which originated in Wuhan, China, has created trust issues between the two nations, which is adversely impacting the market growth. The report covers in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators. Key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations. The objective of the report is to present a comprehensive analysis of the Global Artificial Leather Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Artificial Leather Market dynamics, structure by analyzing the market segments and project Global Artificial Leather Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Artificial Leather Market make the report investor’s guide.Artificial Leather Market Scope: Inquire before buying
Global Artificial Leather Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 33.08 Bn. Forecast Period 2022 to 2029 CAGR: 7.3% Market Size in 2029: US $ 58.13 Bn. Segments Covered: by Type • PU • PVC • Bio-based by Application • Furnishing • Automotive • Footwear • Bags & Wallets • Clothing • Others Artificial Leather Market, by Region
• Asia-Pacific • Europe • North America • South America • Middle East & AfricaArtificial Leather Market Key Players
• Kuraray Co. Ltd • H.R. Polycoats Pvt. Ltd • Alfatex Italia SRL • Filwel Co. Ltd • Yantai Wanhua Artificial leather Group Co. Ltd • San Fang Chemical Industry Co. Ltd • Mayur Uniquoters Limited • Nan Ya Plastics Corporation • Zhejiang Hexin Industry Group Co. Ltd • Teijin Limited • DuPont Tate & Lyle Bio Products Company • Gruppo Mastrotto SPA • Asahi Kasei Corporation • Toray Group. • Kolon Industries Inc. • Achilles Corp. • Daewon Chemical Co Ltd. • Leather Resource of America Inc. • Comfort Int'l Co., Ltd • Plastics Elche S.A. • Favini Frequently Asked Questions: 1. Which region has the largest share in Global Artificial Leather Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Artificial Leather Market? Ans: The Global Artificial Leather Market is growing at a CAGR of 7.3% during forecasting period 2022-2029. 3. What is scope of the Global Artificial Leather market report? Ans: Global Artificial Leather Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Artificial Leather market? Ans: The important key players in the Global Artificial Leather Market are – Kuraray Co. Ltd, H.R. Polycoats Pvt. Ltd, Alfatex Italia SRL, Filwel Co. Ltd, Yantai Wanhua Artificial leather Group Co. Ltd, San Fang Chemical Industry Co. Ltd, Mayur Uniquoters Limited, Nan Ya Plastics Corporation, Zhejiang Hexin Industry Group Co. Ltd, Teijin Limited, DuPont Tate & Lyle Bio Products Company, Gruppo Mastrotto SPA, Asahi Kasei Corporation, Toray Group., Kolon Industries Inc., Achilles Corp., Daewon Chemical Co Ltd., and Leather Resource of America Inc. 5. What is the study period of this market? Ans: The Global Artificial Leather Market is studied from 2021 to 2029.
Global Artificial Leather Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Artificial Leather Market, by Market Value (US$ Bn) and Volume(Ton) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Artificial Leather Market Analysis and Forecast 6.1. Global Artificial Leather Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Artificial Leather Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Artificial Leather Market Value Share Analysis, by Type 7.4. Global Artificial Leather Market Size (US$ Bn) Forecast, by Type 7.5. Global Artificial Leather Market Analysis, by Type 7.6. Global Artificial Leather Market Attractiveness Analysis, by Type 8. Global Artificial Leather Market Analysis and Forecast, by Applications 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Artificial Leather Market Value Share Analysis, by Applications 8.4. Global Artificial Leather Market Size (US$ Bn) Forecast, by Applications 8.5. Global Artificial Leather Market Analysis, by Applications 8.6. Global Artificial Leather Market Attractiveness Analysis, by Applications 9. Global Artificial Leather Market Analysis, by Region 9.1. Global Artificial Leather Market Value Share Analysis, by Region 9.2. Global Artificial Leather Market Size (US$ Bn) Forecast, by Region 9.3. Global Artificial Leather Market Attractiveness Analysis, by Region 10. North America Artificial Leather Market Analysis 10.1. Key Findings 10.2. North America Artificial Leather Market Overview 10.3. North America Artificial Leather Market Value Share Analysis, by Type 10.4. North America Artificial Leather Market Forecast, by Type 10.4.1. PU 10.4.2. PVC 10.4.3. Bio-based 10.5. North America Artificial Leather Market Value Share Analysis, by Applications 10.6. North America Artificial Leather Market Forecast, by Application 10.6.1. Preservation 10.6.2. Processing 10.6.3. Nutrition 10.7. North America Artificial Leather Market Value Share Analysis, by Country 10.8. North America Artificial Leather Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Artificial Leather Market Analysis, by Country 10.10. U.S. Artificial Leather Market Forecast, by Type 10.10.1. PU 10.10.2. PVC 10.10.3. Bio-based 10.11. U.S. Artificial Leather Market Forecast, by Applications 10.11.1. Furnishing 10.11.2. Automotive 10.11.3. Footwear 10.11.4. Bags & Wallets 10.11.5. Clothing 10.11.6. Others 10.12. Canada Artificial Leather Market Forecast, by Type 10.12.1. PU 10.12.2. PVC 10.12.3. Bio-based 10.13. Canada Artificial Leather Market Forecast, by Applications 10.13.1. Furnishing 10.13.2. Automotive 10.13.3. Footwear 10.13.4. Bags & Wallets 10.13.5. Clothing 10.13.6. Others 10.14. North America Artificial Leather Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Applications 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Artificial Leather Market Analysis 11.1. Key Findings 11.2. Europe Artificial Leather Market Overview 11.3. Europe Artificial Leather Market Value Share Analysis, by Type 11.4. Europe Artificial Leather Market Forecast, by Type 11.4.1. PU 11.4.2. PVC 11.4.3. Bio-based 11.5. Europe Artificial Leather Market Value Share Analysis, by Applications 11.6. Europe Artificial Leather Market Forecast, by Applications 11.6.1. Furnishing 11.6.2. Automotive 11.6.3. Footwear 11.6.4. Bags & Wallets 11.6.5. Clothing 11.6.6. Others 11.7. Europe Artificial Leather Market Value Share Analysis, by Country 11.8. Europe Artificial Leather Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Artificial Leather Market Analysis, by Country 11.10. Germany Artificial Leather Market Forecast, by Type 11.10.1. PU 11.10.2. PVC 11.10.3. Bio-based 11.11. Germany Artificial Leather Market Forecast, by Applications 11.11.1. Furnishing 11.11.2. Automotive 11.11.3. Footwear 11.11.4. Bags & Wallets 11.11.5. Clothing 11.11.6. Others 11.12. U.K. Artificial Leather Market Forecast, by Type 11.12.1. PU 11.12.2. PVC 11.12.3. Bio-based 11.13. U.K. Artificial Leather Market Forecast, by Applications 11.13.1. Furnishing 11.13.2. Automotive 11.13.3. Footwear 11.13.4. Bags & Wallets 11.13.5. Clothing 11.13.6. Others 11.14. France Artificial Leather Market Forecast, by Type 11.14.1. PU 11.14.2. PVC 11.14.3. Bio-based 11.15. France Artificial Leather Market Forecast, by Applications 11.15.1. Furnishing 11.15.2. Automotive 11.15.3. Footwear 11.15.4. Bags & Wallets 11.15.5. Clothing 11.15.6. Others 11.16. Italy Artificial Leather Market Forecast, by Type 11.16.1. PU 11.16.2. PVC 11.16.3. Bio-based 11.17. Italy Artificial Leather Market Forecast, by Applications 11.17.1. Furnishing 11.17.2. Automotive 11.17.3. Footwear 11.17.4. Bags & Wallets 11.17.5. Clothing 11.17.6. Others 11.18. Spain Artificial Leather Market Forecast, by Type 11.18.1. PU 11.18.2. PVC 11.18.3. Bio-based 11.19. Spain Artificial Leather Market Forecast, by Applications 11.19.1. Furnishing 11.19.2. Automotive 11.19.3. Footwear 11.19.4. Bags & Wallets 11.19.5. Clothing 11.19.6. Others 11.20. Rest of Europe Artificial Leather Market Forecast, by Type 11.20.1. PU 11.20.2. PVC 11.20.3. Bio-based 11.21. Rest of Europe Artificial Leather Market Forecast, by Applications 11.21.1. Furnishing 11.21.2. Automotive 11.21.3. Footwear 11.21.4. Bags & Wallets 11.21.5. Clothing 11.21.6. Others 11.22. Europe Artificial Leather Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Applications 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Development 12. Asia Pacific Artificial Leather Market Analysis 12.1. Key Findings 12.2. Asia Pacific Artificial Leather Market Overview 12.3. Asia Pacific Artificial Leather Market Value Share Analysis, by Type 12.4. Asia Pacific Artificial Leather Market Forecast, by Type 12.4.1. PU 12.4.2. PVC 12.4.3. Bio-based 12.5. Asia Pacific Artificial Leather Market Value Share Analysis, by Applications 12.6. Asia Pacific Artificial Leather Market Forecast, by Applications 12.6.1. Furnishing 12.6.2. Automotive 12.6.3. Footwear 12.6.4. Bags & Wallets 12.6.5. Clothing 12.6.6. Others 12.7. Asia Pacific Artificial Leather Market Value Share Analysis, by Country 12.8. Asia Pacific Artificial Leather Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Artificial Leather Market Analysis, by Country 12.10. China Artificial Leather Market Forecast, by Type 12.10.1. PU 12.10.2. PVC 12.10.3. Bio-based 12.11. China Artificial Leather Market Forecast, by Applications 12.11.1. Furnishing 12.11.2. Automotive 12.11.3. Footwear 12.11.4. Bags & Wallets 12.11.5. Clothing 12.11.6. Others 12.12. India Artificial Leather Market Forecast, by Type 12.12.1. PU 12.12.2. PVC 12.12.3. Bio-based 12.13. India Artificial Leather Market Forecast, by Applications 12.13.1. Furnishing 12.13.2. Automotive 12.13.3. Footwear 12.13.4. Bags & Wallets 12.13.5. Clothing 12.13.6. Others 12.14. Japan Artificial Leather Market Forecast, by Type 12.14.1. PU 12.14.2. PVC 12.14.3. Bio-based 12.15. Japan Artificial Leather Market Forecast, by Applications 12.15.1. Furnishing 12.15.2. Automotive 12.15.3. Footwear 12.15.4. Bags & Wallets 12.15.5. Clothing 12.15.6. Others 12.16. ASEAN Artificial Leather Market Forecast, by Type 12.16.1. PU 12.16.2. PVC 12.16.3. Bio-based 12.17. ASEAN Artificial Leather Market Forecast, by Applications 12.17.1. Furnishing 12.17.2. Automotive 12.17.3. Footwear 12.17.4. Bags & Wallets 12.17.5. Clothing 12.17.6. Others 12.18. Rest of Asia Pacific Artificial Leather Market Forecast, by Type 12.18.1. PU 12.18.2. PVC 12.18.3. Bio-based 12.19. Rest of Asia Pacific Artificial Leather Market Forecast, by Applications 12.19.1. Furnishing 12.19.2. Automotive 12.19.3. Footwear 12.19.4. Bags & Wallets 12.19.5. Clothing 12.19.6. Others 12.20. Asia Pacific Artificial Leather Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Applications 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Development 13. Middle East & Africa Artificial Leather Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Artificial Leather Market Overview 13.3. Middle East & Africa Artificial Leather Market Value Share Analysis, by Type 13.4. Middle East & Africa Artificial Leather Market Forecast, by Type 13.4.1. PU 13.4.2. PVC 13.4.3. Bio-based 13.5. Middle East & Africa Artificial Leather Market Value Share Analysis, by Applications 13.6. Middle East & Africa Artificial Leather Market Forecast, by Applications 13.6.1. Furnishing 13.6.2. Automotive 13.6.3. Footwear 13.6.4. Bags & Wallets 13.6.5. Clothing 13.6.6. Others 13.7. Middle East & Africa Artificial Leather Market Value Share Analysis, by Country 13.8. Middle East & Africa Artificial Leather Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Artificial Leather Market Analysis, by Country 13.10. GCC Artificial Leather Market Forecast, by Type 13.10.1. PU 13.10.2. PVC 13.10.3. Bio-based 13.11. GCC Artificial Leather Market Forecast, by Applications 13.11.1. Furnishing 13.11.2. Automotive 13.11.3. Footwear 13.11.4. Bags & Wallets 13.11.5. Clothing 13.11.6. Others 13.12. South Africa Artificial Leather Market Forecast, by Type 13.12.1. PU 13.12.2. PVC 13.12.3. Bio-based 13.13. South Africa Artificial Leather Market Forecast, by Applications 13.13.1. Furnishing 13.13.2. Automotive 13.13.3. Footwear 13.13.4. Bags & Wallets 13.13.5. Clothing 13.13.6. Others 13.14. Rest of Middle East & Africa Artificial Leather Market Forecast, by Type 13.14.1. PU 13.14.2. PVC 13.14.3. Bio-based 13.15. Rest of Middle East & Africa Artificial Leather Market Forecast, by Applications 13.15.1. Furnishing 13.15.2. Automotive 13.15.3. Footwear 13.15.4. Bags & Wallets 13.15.5. Clothing 13.15.6. Others 13.16. Middle East & Africa Artificial Leather Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Applications 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Development 14. South America Artificial Leather Market Analysis 14.1. Key Findings 14.2. South America Artificial Leather Market Overview 14.3. South America Artificial Leather Market Value Share Analysis, by Type 14.4. South America Artificial Leather Market Forecast, by Type 14.4.1. PU 14.4.2. PVC 14.4.3. Bio-based 14.5. South America Artificial Leather Market Value Share Analysis, by Applications 14.6. South America Artificial Leather Market Forecast, by Applications 14.6.1. Furnishing 14.6.2. Automotive 14.6.3. Footwear 14.6.4. Bags & Wallets 14.6.5. Clothing 14.6.6. Others 14.7. South America Artificial Leather Market Value Share Analysis, by Country 14.8. South America Artificial Leather Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Artificial Leather Market Analysis, by Country 14.10. Brazil Artificial Leather Market Forecast, by Type 14.10.1. PU 14.10.2. PVC 14.10.3. Bio-based 14.11. Brazil Artificial Leather Market Forecast, by Applications 14.11.1. Furnishing 14.11.2. Automotive 14.11.3. Footwear 14.11.4. Bags & Wallets 14.11.5. Clothing 14.11.6. Others 14.12. Mexico Artificial Leather Market Forecast, by Type 14.12.1. PU 14.12.2. PVC 14.12.3. Bio-based 14.13. Mexico Artificial Leather Market Forecast, by Applications 14.13.1. Furnishing 14.13.2. Automotive 14.13.3. Footwear 14.13.4. Bags & Wallets 14.13.5. Clothing 14.13.6. Others 14.14. Rest of South America Artificial Leather Market Forecast, by Type 14.14.1. PU 14.14.2. PVC 14.14.3. Bio-based 14.15. Rest of South America Artificial Leather Market Forecast, by Applications 14.15.1. Furnishing 14.15.2. Automotive 14.15.3. Footwear 14.15.4. Bags & Wallets 14.15.5. Clothing 14.15.6. Others 14.16. South America Artificial Leather Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Applications 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Kuraray Co. Ltd 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. H.R. Polycoats Pvt. Ltd 15.3.3. Alfatex Italia SRL 15.3.4. Filwel Co. Ltd 15.3.5. Yantai Wanhua Artificial leather Group Co. Ltd 15.3.6. San Fang Chemical Industry Co. Ltd 15.3.7. Mayur Uniquoters Limited 15.3.8. Nan Ya Plastics Corporation 15.3.9. Zhejiang Hexin Industry Group Co. Ltd 15.3.10. Teijin Limited 15.3.11. DuPont Tate & Lyle Bio Products Company 15.3.12. Gruppo Mastrotto SPA 15.3.13. Asahi Kasei Corporation 15.3.14. Toray Group. 15.3.15. Kolon Industries Inc. 15.3.16. Achilles Corp. 15.3.17. Daewon Chemical Co Ltd. 15.3.18. Leather Resource of America Inc. 15.3.19. Comfort Int'l Co., Ltd 15.3.20. Plastics Elche S.A. 15.3.21. Favini