Synthetic Leather (Artificial Leather) Market Latest Size, Share and Future Scope Analysis 2030: Exactitude Consultancy

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/ -- 𝐂𝐚𝐭𝐚𝐩𝐮𝐥𝐭 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐓𝐨 𝐅𝐨𝐫𝐞, 𝐆𝐚𝐢𝐧 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞

The Latest Research report on “global Synthetic Leather (Artificial Leather) Market Report 2023 – 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐈𝐧-𝐝𝐞𝐩𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐓𝐨 𝟐𝟎𝟐𝟗” offers strategic visions into the global Synthetic Leather (Artificial Leather) market along with the market size (𝐕𝐨𝐥𝐮𝐦𝐞 – 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐔𝐧𝐢𝐭𝐬 𝐚𝐧𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 – 𝐔𝐒$ 𝐁𝐢𝐥𝐥𝐢𝐨𝐧) 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.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

https://exactitudeconsultancy.com/reports/27697/synthetic-leather-artificial-leather-market/#request-a-sample

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐒𝐲𝐧𝐭𝐡𝐞𝐭𝐢𝐜 𝐋𝐞𝐚𝐭𝐡𝐞𝐫 (𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐋𝐞𝐚𝐭𝐡𝐞𝐫) 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

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

𝐓𝐡𝐞 𝐩𝐫𝐞𝐬𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐚𝐧𝐝 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐢𝐥𝐥 𝟐𝟎𝟐𝟗 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐠𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐬𝐮𝐛-𝐫𝐞𝐠𝐢𝐨𝐧𝐬 𝐡𝐚𝐯𝐞 𝐚𝐥𝐬𝐨 𝐛𝐞𝐞𝐧 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭.

𝐑𝐞𝐠𝐢𝐨𝐧 𝐞𝐧𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐫𝐞: North America, Europe, Asia Pacific, Oceania, South America, geographical region & continent

𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐋𝐞𝐯𝐞𝐥 𝐁𝐫𝐞𝐚𝐤-𝐔𝐩: 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.

𝐈𝐟 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞: 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.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

(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?

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐜𝐨𝐩𝐞-

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𝐃𝐨 𝐘𝐨𝐮 𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲 𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐧𝐤𝐬:

https://exactitudeconsultancy.com/zh-CN/reports/27697/synthetic-leather-artificial-leather-market/

https://exactitudeconsultancy.com/ko/reports/27697/synthetic-leather-artificial-leather-market/

https://exactitudeconsultancy.com/ja/reports/27697/synthetic-leather-artificial-leather-market/

https://exactitudeconsultancy.com/fr/reports/27697/synthetic-leather-artificial-leather-market/

https://exactitudeconsultancy.com/iw/reports/27697/synthetic-leather-artificial-leather-market/

𝐈𝐧𝐪𝐮𝐢𝐫𝐞:

Irfan T
Exactitude Consultancy
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