The global synthetic leather (artificial leather) market is to increase from US$ 66.5 billion in 2020 to US$ 82.5 billion by 2025 with a compound annual growth rate (CAGR) of 4.4% for the period 2020-2025. Some of the prominent players in the synthetic leather (artificial leather) market are Alfatex N.V., Filwel Co. Ltd., H.R. Polycoats Pvt. Ltd., Kuraray Co. Ltd., Mayur Uniquoters Limited, Nan Ya Plastics Corporation, San Fang Chemical Industry Co. Ltd., Teijin Limited, Yantai Wanhua Synthetic Leather Group Co. Ltd., Zhejiang Hexin Industry Group Co., Ltd. The research report on the global synthetic leather (artificial leather) market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the synthetic leather (artificial leather) market. The global economy is highly affected by the COVID-19. Various sectors in the economy are much affected by this pandemic. It is anticipated that the global economy will decline because of the loss of trillions of dollars. The growing extension and imposition of lockdown in various countries directly affect the economy all over the world. The report consists of a chapter that provides a detailed study of the impact of COVID-19 on the synthetic leather (artificial leather) market. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and to understand the potential of the synthetic leather (artificial leather) markets. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers and inhibitors.
- Goals and objectives of the study
- Understanding the opportunities and advancements of synthetic leather (artificial leather) is determining the market highlights, along with the foremost regions and countries involved in the growth of the market.
- To study the diverse segments of the synthetic leather (artificial leather) market and the dynamics of synthetic leather (artificial leather) in the market.
- To categorize segments of synthetic leather (artificial leather) with escalating growing potential and to value the futuristic market of the segments.
- To analyze the major trends related to different segments that help in figuring and persuading the synthetic leather (artificial leather) market.
- To check region-specific growth and development in the synthetic leather (artificial leather) market.
- To understand the foremost stakeholders of the synthetic leather (artificial leather) market and the value of the competitive landscape of the leaders of the synthetic leather (artificial leather) market.
- To study the key plans, initiatives, and strategies for the development of the synthetic leather (artificial leather) market.
Chapter 2, Market Overview provides an overview of the synthetic leather (artificial leather) market. The chapter includes macro-economic factors, market determinants (includes market drivers, restraints, opportunities, and challenges), value chain analysis, technology/product roadmap, Porter 5 force model analysis, market growth opportunity analysis.
Chapter 3, Segment Analysis of the study deals with the different sub-segments of the market to calculate reliable market forecasts. The chapter provides an in-depth analysis of the market segments of the synthetic leather (artificial leather) market, year-on-year growth projections that enable readers to identify potential market growth areas.
- Market Segmentation
- Based on type, the global synthetic leather (artificial leather) market is segmenting into bio-based, pu-based, pvc based.
- Based on end user, the synthetic leather (artificial leather) market is segmenting into automotive, bags, purses & wallets, clothing, footwear, furnishing, others.
Chapter 4, Regional Analysis includes an in-depth analysis of the synthetic leather (artificial leather) market by regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the market in key countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers of the synthetic leather (artificial leather) market report to explore the potential of the market in different geographies. For each year's growth projections and a global share of value, this section is a vital part of the report.
Chapter 5, Competitive Analysis of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Chapter 6, Company Profile of the report also covers key industry players working on the synthetic leather (artificial leather) market. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global synthetic leather (artificial leather) market. It includes in-depth qualitative and quantitative analyses in the report that aligned with the goals and objectives of our customers. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the synthetic leather (artificial leather) market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global synthetic leather (artificial leather) market, its products, and market patterns.
