Synthetic Leather: Sustainable, Versatile, and Stylish Alternative to Genuine Leather in Fashion, Automotive, and Upholstery Industries.
LUTON, BEDFORDSHIRE, UNITED KINGDOM, April 25, 2024 /EINPresswire.com/ -- ๐๐๐ญ๐๐ฉ๐ฎ๐ฅ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐จ ๐ ๐จ๐ซ๐, ๐๐๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐
The Latest Research report on โglobal Synthetic Leather (Artificial Leather) Market Report 2023 โ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ, ๐๐๐ญ๐๐ฌ๐ญ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐จ ๐๐๐๐โ offers strategic visions into the global Synthetic Leather (Artificial Leather) market along with the market size (๐๐จ๐ฅ๐ฎ๐ฆ๐ โ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ง๐ข๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ง๐ฎ๐ โ ๐๐$ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง) and estimates for the duration 2023 to 2029. The said research study covers in-depth analysis of multiple market segments based on type, application, and studies different topographies.
Synthetic leather, also known as artificial leather, is a manufactured material designed to mimic the texture and, in some cases, the look of real leather. It is typically produced from a range of synthetic materials like polyurethane (PU) or polyvinyl chloride (PVC), serving as an eco-friendly and often more cost-efficient alternative to genuine leather. Despite not being derived from animal hides, synthetic leather closely replicates the texture and appearance of real leather through a combination of polymers, fabric backing, and specialized coatings. This versatile material finds applications in various industries, including footwear, furnishing, automotive, clothing, bags, purses & wallets, and others.
The synthetic leather (artificial leather) market is expected to grow at 4.81 % CAGR from 2024 to 2030. It is expected to reach above USD 97.07 billion by 2030 from USD 63.6 billion in 2023.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐ฒ๐ง๐ญ๐ก๐๐ญ๐ข๐ ๐๐๐๐ญ๐ก๐๐ซ (๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐๐๐ญ๐ก๐๐ซ) ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Kuraray Co. Ltd, R. Polycoats Pvt. Ltd, Alfatex Italia SRL, Filwel Co. Ltd, Yantai Wanhua Synthetic 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. and other.
Synthetic Leather (Artificial Leather) Market Segmentation:
This research report categorizes the Synthetic Leather (Artificial Leather) market into the following segments and subsegments:
Synthetic Leather (Artificial Leather) Market by Type, 2020-2030, (USD Billion), (Million Meter).
PU
PVC
Bio Based
Synthetic Leather (Artificial Leather) Market by Application, 2020-2030, (USD Billion), (Million Meter).
Furnishing
Automotive
Footwear
Wallets Bags & Purses
Clothing
Others
๐๐ก๐ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐๐ง๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ญ๐ข๐ฅ๐ฅ ๐๐๐๐ ๐๐จ๐ซ ๐๐ฅ๐ฅ ๐ญ๐ก๐ ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ฌ๐ฎ๐-๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐ก๐๐ฏ๐ ๐๐ฅ๐ฌ๐จ ๐๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ.
๐๐๐ ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐จ๐ฌ๐๐ ๐๐ซ๐: North America, Europe, Asia Pacific, Oceania, South America, geographical region & continent
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ ๐๐ซ๐๐๐ค-๐๐ฉ: u. s., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Nigeria, Tunisia, Morocco, Germany, uk (UK), Holland, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, China, Japan, Taiwan, South Korea, Singapore, India and Australia etc.
๐๐ ๐ฒ๐จ๐ฎ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐ค๐ง๐จ๐ฐ ๐ฆ๐จ๐ซ๐: https://exactitudeconsultancy.com/reports/27697/synthetic-leather-artificial-leather-market/
Market Dynamics
Driver: Growing demand from the footwear industry
The footwear sector stands as the primary consumer of synthetic leather, with expectations of continued growth. This expansion is notably evident in regions like Asia Pacific, South America, and Europe, contributing to a favorable outlook for the synthetic leather market. The surge in urbanization and a rising appetite for contemporary and stylish footwear labels are key drivers behind this market upswing. As the demand for fashionable footwear continues to grow, it propels the synthetic leather industry, making it a dynamic and thriving segment with a bright future.
Restraints: Harmful effects of PU and PVC on humans
The raw materials used in synthetic leather production, notably polyurethane (PU) and polyvinyl chloride (PVC), pose significant health and environmental risks. PU, an isocyanate, has the potential to harm both human and animal health and the environment. It can lead to lung irritation and asthma attacks, as well as skin irritation and breathing difficulties, particularly in workers at PU manufacturing facilities exposed to its fumes. On the other hand, PVC contains toxic carcinogens like vinyl chloride monomer, phthalates, and dioxin.
Opportunities: Focus on development of bio-based synthetic leather
The development of bio-based synthetic leather offers an environmentally friendly alternative without harmful traits. Manufacturers should prioritize the commercialization of synthetic leather crafted from natural fibers like flax, cotton, and blends with plants such as palm, soybean, and corn. A noteworthy newcomer in the synthetic leather market, "Pinatex," utilizes pineapple leaves, leveraging their robust and flexible fibers. Pineapple leaves, previously considered waste, are now repurposed into valuable products like shoes, handbags, and accessories.
Challenges : Non-biodegradability of synthetic leather
Synthetic leather is crafted from petrochemicals, rendering it non-biodegradable and unsustainable. It undergoes an exceedingly slow decomposition process and can contribute to the generation of micro-plastics. PVC and polyurethane are the primary materials employed in the production of synthetic leather, but they face criticism for their carbon-intensive environmental impact and the absence of biodegradability. Polyurethane synthetic leathers, for instance, take up to hundreds of years to fully decompose.
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ
(1) What was the size of the global Synthetic Leather (Artificial Leather) market in 2022?
(2) What is the expected growth rate of the global Synthetic Leather (Artificial Leather) market during 2023-2028?
(3) What are the key factors driving the global Synthetic Leather (Artificial Leather) market?
(4) What has been the impact of COVID-19 on the global Synthetic Leather (Artificial Leather) market?
(5) What are the key regions in the global Synthetic Leather (Artificial Leather) market?
(6) Who are the key players/companies in the global Synthetic Leather (Artificial Leather) market?
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฉ๐-
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