Synthetic Leather Market Size, Share, and Analysis by 2028
- Status : Published
- Report Code : TIPAR00003932
- Category : Chemicals and Materials
- No. of Pages : 147
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The furniture segment is the fastest growing segment in the global synthetic leather market during the forecasted period. Synthetic leather is used in chair, and sofa, headboard covers, among others. Furthermore, it is used in upholstery materials for furniture in hospitals, nursing homes, etc.
Asia Pacific is estimated to register the fastest CAGR in the global synthetic leather market over the forecast period. The growth of the synthetic leather market in Asia-Pacific is driven by rising demand for synthetic leather from various end-use industries such as footwear, furniture, clothing, etc.
The footwear segment held the largest share of the market in 2021. Synthetic leather is increasingly being used in the footwear industry as a replacement of traditional leather. Synthetic leather is used in shoe uppers, sandals, shoe lining, and insoles.
The major players operating in the global synthetic leather market are San Fang Chemical Industry Co., Ltd; KURARAY CO., LTD.; Teijin Limited; Nan Ya Plastics; FILWEL Co., Ltd.; Mayur Uniquoters Limited; H.R.Polycoats Pvt. Ltd.; BASF SE; Alfatex Italia; FUJIAN POLYTECH TECHNOLOGY CORP.,LTD. ; among others.
The polyurethane segment held the largest share of the global synthetic leather market in 2021. Polyurethane-based leather is created by coating a fabric such as polyester or cotton with a flexible polymer. It is then treated by various processes to make it look like real leather. It is waterproof, lightweight, and soft.
In 2021, Asia Pacific held the largest share of the global synthetic leather market. Asia Pacific footwear market is mainly driven by rapid urbanization and industrialization in various countries such as China, India, etc. The rising demand for furniture in the region is driven by population growth and rapid urbanization. Moreover, the growing textile industry in this region drives the market for synthetic leather.
1. Introduction 18
1.1 Study Scope. 18
1.2 The Insight Partners Research Report Guidance. 18
1.3 Market Segmentation. 19
1.3.1 Synthetic Leather Market, by Type. 20
1.3.2 Synthetic Leather Market, by Application. 20
1.3.3 Synthetic Leather Market, by Geography. 21
2. Key Takeaways 22
3. Research Methodology 25
3.1 Scope of the Study. 25
3.2 Research Methodology. 25
3.2.1 Data Collection: 26
3.2.2 Primary Interviews: 26
3.2.3 Hypothesis formulation: 27
3.2.4 Macro-economic factor analysis: 27
3.2.5 Developing base number: 27
3.2.6 Data Triangulation: 27
3.2.7 Country level data: 28
4. Synthetic Leather Market Landscape 29
4.1 Market Overview.. 29
4.2 Porter's Five Forces Analysis. 30
4.3 Ecosystem Analysis. 32
4.4 Expert Opinion. 34
5. Synthetic Leather Market – Key Market Dynamics 35
5.1 Market Drivers. 35
5.1.1 Rise in Demand from Various End-Use Industries. 35
5.1.2 Advantages of Synthetic Leather 35
5.2 Market Restraints. 36
5.2.1 Harmful Effects of PVC and PU and Durability Issues of Synthetic Leather 36
5.3 Market Opportunities. 36
5.3.1 Growing Demand from Footwear Industry. 36
5.4 Future Trends. 36
5.4.1 Increasing Focus on Development of Bio-Based Leather 36
5.5 Impact Analysis of Drivers and Restraints. 37
6. Synthetic Leather – Global Market Analysis 38
6.1 Synthetic Leather Market Overview.. 38
6.2 Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Mn) 39
6.3 Market Positioning – Global Market Players. 40
7. Synthetic Leather Market Analysis – By Type 41
7.1 Overview.. 41
7.2 Synthetic Leather Market, By Type (2020 and 2028) 41
7.3 Polyurethane. 42
7.3.1 Overview.. 42
7.3.2 Polyurethane: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 42
7.4 Polyvinyl Chloride. 43
7.4.1 Overview.. 43
7.4.2 Polyvinyl Chloride: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 43
7.5 Silicone: 44
7.5.1 Overview.. 44
7.5.2 Silicone: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 44
7.6 Others: 45
7.6.1 Overview.. 45
7.6.2 Others: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 45
8. Synthetic Leather Market Analysis – By Application 46
8.1 Overview.. 46
8.2 Synthetic Leather Market, By Application (2020 and 2028) 46
8.3 Footwear 47
8.3.1 Overview.. 47
8.3.2 Footwear: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 47
8.4 Furniture. 48
8.4.1 Overview.. 48
8.4.2 Furniture: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 48
8.5 Automotive. 49
8.5.1 Overview.. 49
8.5.2 Automotive: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 49
8.6 Clothing. 50
8.6.1 Overview.. 50
8.6.2 Clothing: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 50
8.7 Bags Purses & Wallets. 51
8.7.1 Overview.. 51
8.7.2 Bags Purses & Wallets : Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 51
8.8 Others. 52
8.8.1 Overview.. 52
8.8.2 Others: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 52
9. Synthetic Leather Market – Geographic Analysis 53
9.1 Overview.. 53
9.2 North America: Synthetic leather Market 53
9.2.1 North America: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 54
9.2.2 North America: Synthetic Leather Market, By Type. 54
9.2.3 North America: Synthetic Leather Market, by Application. 55
9.2.4 North America: Synthetic Leather Market, by Key Country. 56
9.2.4.1 US: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 57
9.2.4.1.1 US: Synthetic Leather Market, By Type. 58
9.2.4.1.2 US: Synthetic Leather Market, by Application. 58
9.2.4.2 Canada: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 59
9.2.4.2.1 Canada: Synthetic Leather Market, By Type. 59
9.2.4.2.2 Canada: Synthetic Leather Market, by Application. 60
9.2.4.3 Mexico: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 60
9.2.4.3.1 Mexico: Synthetic Leather Market, By Type. 61
9.2.4.3.2 Mexico: Synthetic leather Market, by Application. 61
9.3 Europe: Synthetic Leather Market 63
9.3.1 Europe: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 63
9.3.2 Europe: Synthetic Leather Market, By Type. 64
9.3.3 Europe: Synthetic Leather Market, by Application. 65
9.3.4 Europe: Synthetic Leather Market, by Key Country. 66
9.3.4.1 Germany: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 66
9.3.4.1.1 Germany: Synthetic Leather Market, By Type. 67
9.3.4.1.2 Germany: Synthetic Leather Market, by Application. 67
9.3.4.2 France: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 68
9.3.4.2.1 France: Synthetic Leather Market, By Type. 69
9.3.4.2.2 France: Synthetic Leather Market, by Application. 69
9.3.4.3 Italy: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 70
9.3.4.3.1 Italy: Synthetic Leather Market, By Type. 70
9.3.4.3.2 Italy: Synthetic Leather Market, by Application. 71
9.3.4.4 Russia: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 71
9.3.4.4.1 Russia: Synthetic Leather Market, By Type. 72
9.3.4.4.2 Russia: Synthetic Leather Market, by Application. 72
9.3.4.5 UK: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 73
9.3.4.5.1 UK: Synthetic Leather Market, By Type. 73
9.3.4.5.2 UK: Synthetic Leather Market, by Application. 74
9.3.4.6 Rest of Europe: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 74
9.3.4.6.1 Rest of Europe: Synthetic Leather Market, By Type. 75
9.3.4.6.2 Rest of Europe: Synthetic Leather Market, by Application. 75
9.4 Asia Pacific: Synthetic Leather Market 76
9.4.1 Asia Pacific: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 76
9.4.2 Asia Pacific: Synthetic Leather Market, By Type. 77
9.4.3 Asia Pacific: Synthetic Leather Market, by Application. 78
9.4.4 Asia Pacific: Synthetic Leather Market, by Key Country. 79
9.4.4.1 Australia: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 79
9.4.4.1.1 Australia: Synthetic Leather Market, By Type. 80
9.4.4.1.2 Australia: Synthetic Leather Market, by Application. 80
9.4.4.2 China: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 81
9.4.4.2.1 China: Synthetic Leather Market, By Type. 82
9.4.4.2.2 China: Synthetic Leather Market, by Application. 82
9.4.4.3 India: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 83
9.4.4.3.1 India: Synthetic Leather Market, By Type. 83
9.4.4.3.2 India: Synthetic Leather Market, by Application. 84
9.4.4.4 Japan: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 84
9.4.4.4.1 Japan: Synthetic Leather Market, By Type. 85
9.4.4.4.2 Japan: Synthetic Leather Market, by Application. 85
9.4.4.5 South Korea: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 86
9.4.4.5.1 South Korea: Synthetic Leather Market, By Type. 86
9.4.4.5.2 South Korea: Synthetic Leather Market, by Application. 87
9.4.4.6 Rest of Asia Pacific: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 87
9.4.4.6.1 Rest of Asia Pacific: Synthetic Leather Market, By Type. 88
9.4.4.6.2 Rest of Asia Pacific: Synthetic Leather Market, by Application. 88
9.5 Middle East and Africa: Synthetic Leather Market 89
9.5.1 Middle East and Africa: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 89
9.5.2 Middle East and Africa: Synthetic Leather Market, By Type. 90
9.5.3 Middle East and Africa: Synthetic Leather Market, by Application. 91
9.5.4 Middle East and Africa: Synthetic Leather Market, by Key Country. 92
9.5.4.1 South Africa: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 92
9.5.4.1.1 South Africa: Synthetic Leather Market, By Type. 93
9.5.4.1.2 South Africa: Synthetic Leather Market, by Application. 93
9.5.4.2 Saudi Arabia: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 94
9.5.4.2.1 Saudi Arabia: Synthetic Leather Market, By Type. 94
9.5.4.2.2 Saudi Arabia: Synthetic Leather Market, by Application. 95
9.5.4.3 UAE: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 95
9.5.4.3.1 UAE: Synthetic Leather Market, By Type. 96
9.5.4.3.2 UAE: Synthetic Leather Market, by Application. 96
9.5.4.4 Rest of MEA: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 97
9.5.4.4.1 Rest of MEA: Synthetic Leather Market, By Type. 97
9.5.4.4.2 Rest of MEA: Synthetic Leather Market, by Application. 98
9.6 South and Central America: Synthetic Leather Market 99
9.6.1 South and Central America: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 99
9.6.2 South and Central America: Synthetic Leather Market, By Type. 100
9.6.3 South and Central America: Synthetic Leather Market, by Application. 101
9.6.4 South and Central America: Synthetic Leather Market, by Key Country. 102
9.6.4.1 Brazil: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 102
9.6.4.1.1 Brazil: Synthetic Leather Market, By Type. 103
9.6.4.1.2 Brazil: Synthetic Leather Market, by Application. 103
9.6.4.2 Argentina: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 104
9.6.4.2.1 Argentina: Synthetic Leather Market, By Type. 104
9.6.4.2.2 Argentina: Synthetic Leather Market, by Application. 105
9.6.4.3 Rest of South and Central America: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 105
9.6.4.3.1 Rest of South and Central America: Synthetic Leather Market, By Type. 106
9.6.4.3.2 Rest of South and Central America: Synthetic Leather Market, by Application. 106
10. Impact of COVID-19 107
10.1 Overview – Impact of COVID-19. 107
10.2 Impact of COVID-19 on Synthetic Leather Market 107
10.3 North America: Impact Assessment of COVID-19 Pandemic. 108
10.4 Europe: Impact Assessment of COVID-19 Pandemic. 109
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 110
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 111
10.7 South America: Impact Assessment of COVID-19 Pandemic. 112
11. Industry Landscape 113
11.1 Product & Service Launch. 113
11.2 Collaboration. 113
12. Company Profiles 114
12.1 San Fang Chemical Industrial Co Ltd. 114
12.1.1 Key Facts. 114
12.1.2 Business Description. 114
12.1.3 Products and Services. 114
12.1.4 Financial Overview.. 115
12.1.5 SWOT Analysis. 115
12.1.6 Key Developments. 115
12.2 KURARAY CO., LTD. 116
12.2.1 Key Facts. 116
12.2.2 1Business Description. 116
12.2.3 Products and Services. 116
12.2.4 Financial Overview.. 117
12.2.5 SWOT Analysis. 118
12.2.6 Key Developments. 118
12.3 Teijin Limited. 119
12.3.1 Key Facts. 119
12.3.2 Business Description. 119
12.3.3 Products and Services. 119
12.3.4 Financial Overview.. 120
12.3.5 SWOT Analysis. 121
12.3.6 Key Developments. 121
12.4 Nan Ya Plastics. 122
12.4.1 Key Facts. 122
12.4.2 Business Description. 122
12.4.3 Products and Services. 122
12.4.4 Financial Overview.. 123
12.4.5 SWOT Analysis. 124
12.4.6 Key Developments. 124
12.5 FILWEL Co., Ltd. 125
12.5.1 Key Facts. 125
12.5.2 Business Description. 125
12.5.3 Products and Services. 125
12.5.4 Financial Overview.. 125
12.5.5 SWOT Analysis. 126
12.5.6 Key Developments. 126
12.6 Mayur Uniquoters Limited. 127
12.6.1 Key Facts. 127
12.6.2 Business Description. 127
12.6.3 Products and Services. 127
12.6.4 Financial Overview.. 128
12.6.5 SWOT Analysis. 129
12.6.6 Key Developments. 129
12.7 H.R.Polycoats Pvt. Ltd. 130
12.7.1 Key Facts. 130
12.7.2 Business Description. 130
12.7.3 Products and Services. 130
12.7.4 Financial Overview.. 130
12.7.5 SWOT Analysis. 131
12.7.6 Key Developments. 131
12.8 BASF SE. 132
12.8.1 Key Facts. 132
12.8.2 Business Description. 132
12.8.3 Products and Services. 132
12.8.4 Financial Overview.. 133
12.8.5 SWOT Analysis. 134
12.8.6 Key Developments. 134
12.9 Alfatex Italia. 135
12.9.1 Key Facts. 135
12.9.2 Business Description. 135
12.9.3 Products and Services. 135
12.9.4 Financial Overview.. 137
12.9.5 SWOT Analysis. 137
12.9.6 Key Developments. 138
12.10 FUJIAN POLYTECH TECHNOLOGY CORP.,LTD. 139
12.10.1 Key Facts. 139
12.10.2 Business Description. 139
12.10.3 Products and Services. 139
12.10.4 Financial Overview.. 139
12.10.5 SWOT Analysis. 140
12.10.6 Key Developments. 140
13. Appendix 141
13.1 About The Insight Partners. 141
13.2 Glossary of Terms. 141
LIST OF TABLES
Table 1. Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Mn) 39
Table 2. Global Synthetic Leather Market, by Type – Revenue and Forecast to 2028 (US$ Million) 41
Table 3. Global Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 46
Table 4. North America Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 55
Table 5. North America Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 56
Table 6. US Synthetic Leather Market, Type – Revenue and Forecast to 2028 (USD Million) 58
Table 7. US Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 58
Table 8. Canada Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 59
Table 9. Canada Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 60
Table 10. Mexico Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 61
Table 11. Mexico Synthetic leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 61
Table 12. Europe: Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 64
Table 13. Europe: Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 65
Table 14. Germany Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 67
Table 15. Germany Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 67
Table 16. France Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 69
Table 17. France Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 69
Table 18. Italy Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 70
Table 19. Italy Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 71
Table 20. Russia Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 72
Table 21. Russia Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 72
Table 22. UK Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 73
Table 23. UK Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 74
Table 24. Rest of Europe Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 75
Table 25. Rest of Europe Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 75
Table 26. Asia Pacific Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 77
Table 27. Asia Pacific Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 78
Table 28. Australia Synthetic Leather Market, By Type– Revenue and Forecast to 2028 (US$ Million) 80
Table 29. Australia Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 80
Table 30. China Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 82
Table 31. China Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 82
Table 32. India Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 83
Table 33. India Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 84
Table 34. Japan Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 85
Table 35. Japan Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 85
Table 36. South Korea Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 86
Table 37. South Korea Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 87
Table 38. Rest of Asia Pacific Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million) 88
Table 39. Rest of Asia Pacific Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million) 88
Table 40. Middle East and Africa Synthetic Leather Market, By Type– Revenue and Forecast to 2028 (US$ Million) 90
Table 50. South and Central America Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 100
Table 51. South and Central America Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 101
Table 52. Brazil Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 103
Table 53. Brazil Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 103
Table 54. Argentina Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 104
Table 55. Argentina Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 105
Table 56. Rest of South and Central America Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (USD Million) 106
Table 57. Rest of South and Central America Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (USD Million) 106
Table 58. Glossary of Terms, Global Synthetic leather Market 141
LIST OF FIGURES
Figure 1. Synthetic Leather Market Segmentation. 19
Figure 2. Synthetic Leather Market Segmentation – By Geography. 20
Figure 3. Global Synthetic Leather Market Overview.. 22
Figure 4. Global Synthetic Leather Market, By Application. 23
Figure 5. Global Synthetic Leather Market, by Geography. 24
Figure 6. Porter's Five Forces Analysis. 30
Figure 7. Synthetic Leather Market - Ecosystem.. 32
Figure 8. Expert Opinion. 34
Figure 9. Synthetic Leather Market Impact Analysis of Driver and Restraints. 37
Figure 10. Geographic Overview of Synthetic leather Market 38
Figure 11. Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn) 39
Figure 12. Synthetic leather Market Revenue Share, By Type (2020 and 2028) 41
Figure 13. Polyurethane: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 42
Figure 14. Polyvinyl Chloride: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 43
Figure 15. Silicone: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 44
Figure 16. Others: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 45
Figure 17. Synthetic Leather Market Revenue Share, By Application (2020 and 2028) 46
Figure 18. Footwear: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 47
Figure 19. Furniture: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 48
Figure 20. Automotive: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 49
Figure 21. Clothing: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 50
Figure 22. Bags Purses & Wallets: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 51
Figure 23. Others: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn) 52
Figure 24. Global Synthetic Leather Market Revenue Share, By Region (2020 and 2028) 53
Figure 25. North America: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 54
Figure 26. North America: Synthetic Leather Market Revenue Share, By Type (2020 and 2028) 54
Figure 27. North America: Synthetic Leather Market Revenue Share, by Application (2020 and 2028) 55
Figure 28. North America: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028) 56
Figure 29. US: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 30. Canada: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 59
Figure 31. Mexico: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 60
Figure 32. Europe: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 63
Figure 33. Europe: Synthetic Leather Market Revenue Share, By Type (2020 and 2028) 64
Figure 34. Europe: Synthetic Leather Market Revenue Share, by Application (2020 and 2028) 65
Figure 35. Europe: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028) 66
Figure 36. Germany: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 66
Figure 37. France: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 68
Figure 38. Italy: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 70
Figure 39. Russia: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 40. UK: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 73
Figure 41. Rest of Europe: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 74
Figure 42. Asia Pacific: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 76
Figure 43. Asia Pacific: Synthetic Leather Market Revenue Share, By Type (2020 and 2028) 77
Figure 44. Asia Pacific: Synthetic Leather Market Revenue Share, by Application (2020 and 2028) 78
Figure 45. Asia Pacific: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028) 79
Figure 46. Australia: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 47. China: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 81
Figure 48. India: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 83
Figure 49. Japan: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 84
Figure 50. South Korea: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 86
Figure 51. Rest of Asia Pacific: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 87
Figure 52. Middle East and Africa: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 89
Figure 53. Middle East and Africa: Synthetic Leather Market Revenue Share, By Type (2020 and 2028) 90
Figure 54. Middle East and Africa: Synthetic Leather Market Revenue Share, by Application (2020 and 2028) 91
Figure 55. Middle East and Africa: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028) 92
Figure 56. South Africa: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 92
Figure 57. Saudi Arabia: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 94
Figure 58. UAE: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 95
Figure 59. Rest of MEA: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million) 97
Figure 60. South and Central America: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 99
Figure 61. South and Central America: Synthetic Leather Market Revenue Share, By Type (2020 and 2028) 100
Figure 62. South and Central America: Synthetic Leather Market Revenue Share, by Application (2020 and 2028) 101
Figure 63. South and Central America: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028) 102
Figure 64. Brazil: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 102
Figure 65. Argentina: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 104
Figure 66. Rest of South and Central America: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Million) 105
Figure 67. Impact of COVID-19 Pandemic on Synthetic Leather Market in North America. 108
Figure 68. Impact of COVID-19 Pandemic on Synthetic Leather Market in Europe. 109
Figure 69. Impact of COVID-19 Pandemic on Synthetic Leather Market in Asia Pacific. 110
Figure 70. Impact of COVID-19 Pandemic on Synthetic Leather in Middle East and Africa. 111
Figure 71. Impact of COVID-19 Pandemic on Synthetic Leather in South America. 112
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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