Global Synthetic Leather Market Report, History and Forecast 2017-2028, Breakdown Data by Manufacturers, Key Regions, Types and Application

Synthetic Leather is manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.

Synthetic Leather was first produced near the turn of the century. The insufficient supplies and high cost of genuine leather brought about the demand for Synthetic Leather. Synthetic Leather has gradually replaced genuine leather in many fields. Over the past few decades, the demand for high quality Synthetic Leather has increased tremendously.

Though there are a number of materials used to produce Synthetic Leather, PU and PVC remain the most commonly used choices in market. Normal PU is more flexible and has a much higher tensile, tearing and bursting strength. Furthermore, whereas PVC Synthetic Leather can only be used to make items with a low stress tolerance, Normal PU can be used to make a wide variety of products which must be made from strong materials with a high stress tolerance such as boots, shoes bags, luggage, belts, gloves, and upholstery for furniture and car seats.
Market Analysis and Insights: Global Synthetic Leather Market
Due to the COVID-19 pandemic, the global Synthetic Leather market size is estimated to be worth US$ 6117.4 million in 2021 and is forecast to a readjusted size of US$ 6610.4 million by 2028 with a CAGR of 1.1% during the forecast period 2022-2028.
China is the largest market with about 40% market share. Europe and Japan are follower, accounting for about 30% market share.
The key players are Kuraray, Toray, Teijin, Bayer, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon, San Fang Chemical, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Xiefu new materials, Huafeng Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, Hongdeli etc. Top 5 companies occupied about 23% market share.
Global Synthetic Leather Scope and Market Size
The global Synthetic Leather market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Synthetic Leather market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
PVC
Normal PU
Microfiber PU
Ecological Function PU
Segment by Application
Sport Shoes
Bags
Furniture
Car Interiors
Sports Goods
By Company
Kuraray
Toray
Teijin
Bayer
Shandong Friendship
Wangkang Group
Asahi Kasei
Duksung
Daewon Chemical
Filwel
Kolon
San Fang Chemical
Nanya
Wenzhou Imitation Leather
Anhui Anli
Fujian Tianshou
Shandong Jinfeng
Yantai Wanhua
Shandong Tongda
Jiaxing Hexin
Xiefu new materials
Huafeng Group
Wenzhou Huanghe
Meisheng Industrial
Xiamen Hongxin
Fujian Huayang
Sanling
Hongdeli
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E