Synthetic Leather Market – Global Industry Analysis and Opportunity Assessment 2016–2026
This report by XploreMR on the global synthetic leather market for the period 2016–2026 presents an outlook of the market across the globe. The primary objective of the report is to offer updates on market opportunities in the global synthetic leather market. Synthetic leather also termed as artificial leather which exists in form of a fabric made of woven/ non- woven clothes and polymers with high finishing finish envisioned to use as the alternative to leather in clothing, footwear, bags etc. PU and PVC are polymers are mainly used for the manufacturing of synthetic leather . PVC synthetic leather is comparatively cheaper where PU is better in quality.
Chemicals are used at the different stages in the production of leather. Operational stages in synthetic leather production include preparatory, tanning, crushing and surface coatings. Tanning & dyeing chemicals hold the largest share of the global synthetic chemical market and this trend is anticipated to continue during the forecast period. The global synthetic leather industry is gradually transitioning toward lightweight leather products for the automotive industry. Attributing to the growing demand for lightweight vehicles, the leather industry is also trying to capture this trend in the synthetic leather market.
Growing demand for premium quality leather from various end-use industries is expected to drive the synthetic leather market. Premium quality leather is widely used in furniture, footwear, bags, hats, jackets, belts, wallets and other decorative products. Changing lifestyle and rising disposable income in developing countries such as China and India are driving the demand for synthetic leather. Brazil and Mexico are also contributing significantly to the demand for high-quality leather. Furthermore, the growing automotive industry is indirectly fueling the synthetic leather market. The demand for leather in automotive interiors, upholstery and seat covers is driving the leather industry, which in turn is expected to fuel the synthetic leather market.
Synthetic Leather Market: Footwear Segment by Application Projected to Hold a Substantial Market Share over the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)Buy Now
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