Synthetic Leather Market | Overview by Key Finding, Scope, Top Impacting Factors, Drivers 2023

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Segmentation:

The Global Synthetic Leather Market is segmented on the basis of type, end use, and region. Based on type the market is divided into polyurethane (PU), polyvinylchloride (PVC) and bio-based. On the basis of end use the global synthetic leather market is segmented into footwear, furniture & upholstery, automotive, clothing, accessories, and sports, among others.  Regionally, there five major regions in which the market is divided. It includes, Asia Pacific, Europe North America, Latin America, and Middle East & Africa.

Key Players:

The prominent players in the Global Synthetic Leather Market are DuPont Tate & Lyle Bio Products (U.S.), Mayur Uniquoters Limited (India), NAN YA PLASTICS CORPORATION (Taiwan), KURARAY CO., LTD. (Japan), SAN FANG CHEMICAL INDUSTRY CO., LTD. (Taiwan), TEIJIN LIMITED (Japan), H.R. Polycoats Pvt. Ltd. (India), FILWEL CO.,LTD. (Japan), Yantai Wanhua Synthetic Leather Group Co., Ltd. (China), and TORAY INDUSTRIES, INC. (Japan), among others.

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Intended Audience

  • Synthetic Leather Manufacturers
  • Traders and Distributors of Synthetic Leather
  • Research and Development Institutes
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratory

Regional Analysis:
The Global Synthetic Leather Market is geographically divided into five key regions namely, Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is the leading region among them owing to the increasing demand from footwear and automotive u-industries in this region. Countries namely India, China, and Japan are the leading markets in this region due to the presence of many key players and growing demand from major end use industries such as automotive, and building & construction along with the footwear making industry in these countries. Europe is the second most important region in the Global Synthetic Leather Market. The major markets in this region are Germany, U.K., France and Italy, where there is a growing demand of Synthetic Leathers by automobile industry. North America is another significant region in the global synthetic leather market. U.S. is the largest market in this region due to the presence of well-established and leading end use industries such as aerospace, automotive and sports industry. Industrialization in Latin America is on the rise with pacifying political and economic scenario in Brazil and Colombia. During the forecast period the region anticipated to hold considerable share of the Global Synthetic Leather Market. The Middle East & Africa is holding relatively lesser shares in the Global Synthetic Leather Market. It is anticipated to witness growth in coming years on account of hitherto untapped growth opportunities in construction and sports industry.

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