Artificial Leather Market Synopsis
Artificial leather also known as synthetic leather is marketed under different names such as faux leather, PU leather, pleather, leatherette and vegan leather. The growing demand of artificial leather is due to its appearance and flexibility in using lightweight product. Rising environmental concern along with discontinuation of animal species which are killed to obtain leather has led to shift the production to artificial leather. Hence, the global artificial leather market is expected to grow at 38.2 billion with CAGR of 7.9% from 2016 to 2022.
Owing to extensive manufacturing process of PU based artificial leather can hinder the market growth of artificial leather in coming years. Major manufacturing companies are also shifting their production towards microfiber PU based leather due to high quality and has better properties than pure leather.
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Major Manufacturers
- Filwel Co. Ltd
- H.R.Polycoats Pvt. Ltd
- Alfatex ITALIA
- San Fang Chemical industry
- Kuraray Co. Ltd.
- Asahi Kasei Corporation
- Huafon Group
- Teijin Limited
Artificial Leather Regional analysis
The APAC region Artificial Leather market is expected to grow owing to rise in per captia income, changing lifestyle and growth expansion of middle class people in emerging economies. China being largest producer and consumer of artificial leather dominates the region in artificial leather market. China, India, Brazil and Indonesia are expected to drive the market demand owing robust industry growth.
Europe witnessed a significant growth owing to being prominent player of automobile sector and consumer appliances. After economic downturn, the government is focusing more on bio-based products and low cost products with high durable quality.
North America witnessed a slow growth owing to saturation of larger internal fashion brands. Due to this key player has reluctant to invest in these regions. This has led slow growth of product in North America market.
Artificial Leather Segmentation
The Artificial Leather market is majorly segmented on the basis of types and end user industry. Based on types, artificial leather market is segmented into polyurethane (PU), polyvinyl chloride (PVC), bio based. Based on end user industry of artificial leather, the market is segmented into automotive, furnishing, footwear, clothing, others.
Study Objectives of Artificial Leather Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Artificial Leather Market.
- To understand the supply and demand dynamics including supply and consumption concentration mapping.
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries.
- To provide competitor positioning of the market.
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis.
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market.
Global Artificial Leather Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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