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Synthetic Leather Market

Eco-Friendly Synthetic Leather Sales to see Maximum Light of the Day; amid a rising shift towards naturally-sourced Products

Synthetic Leather Market by Material Type, Application & Region - Forecast 2022 - 2032

Synthetic Leather Market Snapshot (2022-2032)

[236 Pages Report] The global synthetic leather market is expected to have garnered a market value of US$ 27.92 Billion in 2022 and is expected to accumulate a market value of US$ 50 Billion by registering a CAGR of 6% in the forecast period 2022-2032.

Growth of the synthetic leather market can be attributed to increasing development of plant-based leathers along with rapid adoption of synthetic leathers in end user industries. The market for synthetic leather registered a CAGR of 1% in the historical period 2017-2021.

Data Points

Key Statistics

Estimated Base Year Value (2021)

US$ 26.34 Billion

Expected Market Value (2022)

US$ 27.92 Billion

Anticipated Forecast Value (2032)

US$ 50 Billion

Projected Growth Rate (2022-2032)

6% CAGR

Future Market Insights (FMI) estimates that synthetic leather sales will increase by 4.5% year-on-year in 2022, backed by rising demand for lightweight material for automotive interior and rising popularity of polyurethane leather across various industries.

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

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2017-2021 Synthetic Leather Demand Analysis Vs. Forecast 2022-2032

Growing demand for high-end luxury interior in automobiles and luxury goods at affordable pricing is driving the synthetic leather market growth sincre past few years. Future Market Insights in its analysis states that synthetic leather market grew at 1% CAGR between 2017 and 2021.

Increasing demand of eco-friendly products and stringent regulations regarding animal cruelty and slaughtering will fuel the adoption of synthetic leather in the upcoming years. Rising popularity of veganism and consequent campaigns aimed at encouraging vegan leather products sales on social media will play a critical role in driving the market over the assessment period.

Prevailing fashion trends in emerging economies of Asia and entry of leading footwear and apparel companies as a part of their global expansion strategy will boost the sales of synthetic leather market in these countries.

Automotive buyers are looking for luxurious interior design and elevated comfort at an affordable pricing. Manufacturing luxurious cockpit interior use natural leather, which is quite expensive and requires high maintenance, thus manufacturers are switching to artificial leather for car upholsteries owing to its relatively low cost, easy to clean and aesthetically pleasing attributes.

Research and development is the key area of focus among market players as they are heavily investing to develop plant-based synthetic leathers with properties superior to that of natural leather. Emergence of new market players developing multi-functional artificial leather will bode well with the market growth in the future.

Which Are Some Prominent Drivers Of Synthetic Leather Market?

Changing consumer preference positively affecting synthetic leather sales

High climate control, superior comfort, and easy to style properties of synthetic leather have made them increasingly in fashion industry. Besides this investment from leading fashion brands towards developing apparels and footwear from artificial leather coupled with increasing demand from consumers will pump up the market growth in upcoming years.

Thanks to various internet and social media campaigns, customers are rendered better aware regarding about adverse effects of natural leather production on the environment. Consequently, consumers are showing greater inclination towards choosing natural leather alternatives to play their part in protecting the environment.

Environmentally friendly leather contributing significantly to Market Growth

Natural leather-based product manufacturing results in carbon-dioxide emission. Contrary to this, sustainable production of synthetic leather based products will make a significant contribution in reducing carbon footprint.

Tanning of natural leather is a hazardous process and long-term exposure to tanning chemicals will lead to severe respiratory ailments and even cancer. People for the Ethical Treatment of Animals (PETA) India recently reported that tannery waste disposed in the river Ganga is causing a wide array of problem like creating health issues in humans and developing agricultural wastelands.

To address these issues leather product manufacturers are switching towards more environment friendly alternatives like bio-based synthetic leather, which are derived from plants.

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What Are The Challenges Faced By The Synthetic Leather Market?

Bio-based synthetic leather sales affecting overall market growth

Owing to the rising demand and strict international regulations aimed at curbing animal cruelty, manufacturers are shifting from natural leather towards bio-based or vegan synthetic leather for manufacturing footwear and bags. In addition, research has led to the development of vegan and environmentally friendly leather. This, in turn, is reducing the demand for animal-based leathers.

These new types of leathers are free from any toxic and harmful manufacturing and usage traits and are synthesized from natural fibers like flax or fibers of cotton mixed with palm, soybean, corn, and other plants. A new class of plant Based synthetic leather have emerged called “Pinatex” produced from pineapple leaves.

The pineapple leaf fibers have excellent strength and flexibility which are the key qualities required from manufacturing of leather. The manufacturing process itself consumes limited resources and thus helps in reducing the carbon emission.

Bio-based leather products have already started to hit the marketplace. With growing international pressure towards reducing the usage of toxic chemicals, these new alternatives can offer a major opportunity for plant based synthetic leather market growth.

Region-Wise Insights

Automotive and Fashion Industry Contribution to Italy’s Synthetic Leather Market Growth?

Innovations and launches leading increasing sales of synthetic leather in Italy

Italy is forecast to emerge as a highly lucrative synthetic leather market owing to booming fashion industry and presence of influential footwear companies in the country.

Due to growing awareness regarding the harmful effects of leather industry on the environment, consumers are switching towards more sustainable and artificial leather. In order to remain ahead of the curve and cater the rising demand, leading footwear companies are incorporating bio-based synthetic leather for manufacturing luxury footwear.

Italian automakers are also working to incorporate synthetic leather in their upholstery and cabin interior especially in their luxury car segment. For instance, luxury automotive giant Ferrari through its Tailor Made Programme offers Alcantara leather and other type of artificial leather alternatives for its high end car segments.

The company has also developed its own type of synthetic leather called “Mycro Prestige” and is considered to be better than the natural leather. These innovations and initiatives are expected to drive synthetic leather market growth in upcoming years in Italy. Thus, Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.

Footwear Industry and Government Initiatives Bolstering Demand for Synthetic Leather in India?

Footwear expenditure and automotive industry positively influencing market growth

India is one of the largest footwear manufacturers in the world which makes it a lucrative market for synthetic leather sales. As synthetic leather is extensively used in manufacturing men and women’s footwear owing to its ease in designing and processing. Rising per capita income and increasing population will drive the sales of footwear, which will fuel the demand for synthetic leather in Indian footwear industry.

The government of India has recently launched “the Indian Footwear, Leather and Accessories Development Programme (IFLADP)” with a budget of Rs. 2600 crore (US$ 390 Billion). Through this programme, government will provide financial support in areas where modernization of production units is necessary and devise strategies for human resource development.

The government will also monitor the status of common effluent treatment plants (CETPs). These initiatives along with 100% foreign direct investment policies are expected to drive growth of synthetic leather market in future.

Synthetic leathers are finding its use in automotive domain in manufacturing car seats. Car manufacturers are switching towards synthetic leather for its low cost, high durability and wear resistance. Rise in automotive sales is anticipated to be a critical factor for market growth over the forecast period. Thus, India is expected to possess 25% market share for synthetic leather market in 2022.

Light Weight Nature of Synthetic Leather Increasing Adoption in Automotive Industries in Japan?

Automotive sector boosting growth of synthetic leather market in Japan

Spike in demand for lightweight and durable material for vehicle interior is seen in Japan. Increasing popularity of lightweight vehicles and growing consumer inclination towards maximum efficiency has led to adoption of synthetic leather for automotive interior in Japan.

Japan is the market leader in producing high end synthetic leather that is used to cover car seats and other interior components in vehicles. Presence of modern manufacturing machinery coupled with increasing investment among market players and automakers will lead to development of premium synthetic leather materials for seats and interior.

In addition, rising adoption of synthetic leather in cheaper motor vehicle variants will create opportunities for market growth in next decade. Rapid expansion of automotive sector in Japan is expected to provide attractive opportunities for manufacturers of synthetic leather.

For instance Mazda’s all new “MX-30” electric car will come with faux leatherette, rather than real leather on the seats. Company is also looking to replace leather on the steering wheel and gear selector. Thus, Japan is expected to procure 33% market share for synthetic leather market in 2022.

Consumer Electronics and Brand Launches Helping Synthetic Leather Market Grow in U.S.?

Launch of eco-friendly synthetic leather propelling market growth

According to Future Market Insight, U.S. market for synthetic leather will grow at a healthy rate over the forecast period. The rising for vegan footwear will boost the sales of synthetic leather in America. Leading footwear makers are looking to leverage this opportunity and are working towards developing and launching new products made from synthetic leather.

For instance, leading shoe-maker company Nike recently launched a new version of the iconic Nike Air Force 1s which are made from Piñatex pineapple leather. Similarly in April 2021, Dominic & Dempsey developed toddler boots made from Desserto Cactus Leather. Desserto Cactus Leather is a type of bio-based leather derived from cactus.

Increasing consumption of consumer electronics will create lucrative opportunities for market growth in U.S. Electronic companies are also focusing on using synthetic leather covering to protect laptops and other consumer electronics.

Hewlett-Packard recently introduced a new “Elito Folio” laptop which is equipped with bio-based synthetic leather cover. Previously company used natural leather but has switched towards more animal friendly alternative.

Despite devastating effect of the pandemic on U.S. synthetic leather sales, steady demand for consumer electronics will ascertain steady sales of synthetic leather in the country. Thus, U.S. is expected to hold 35% market share for synthetic leather market.

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Category-Wise Insights

Properties of Polyurethane Synthetic Leather Gaining Traction in End User Industries?

Ability to fight against weather making polyurethane usable in end user industries

Banning of PVC in multiple countries due to its harmful effects on environment and superior quality of PU as compared to PVC are the key growth drivers of PU synthetic leather market. PU synthetic leathers are made using multiple blends of PU and fabrics.

Further treatment of coated polymers gives natural leather type feel and texture to the synthetic leather. They are an ideal material for automotive and clothing industries as it is waterproof, lightweight and does not fail under weathering conditions.

Polyurethane (PU) synthetic leather is expected to surpass the polyvinyl chloride (PVC) leather market share over the forecast period. Thus, PU leather type is expected to possess 40% market share for synthetic leather market in 2022.

Start-Ups For Synthetic Leather Market

Key start-ups in the synthetic leather market are Gelatex, Phool.Co, Fruitleather Rotterdam, Malai, and Beyond Leather

  • In 2020, Indian startup Phool.co developed artificial leather from leftover temple flowers. The company claims that this animal-free leather will emerge as the game changer for overall fashion industry.
  • Malai, a key player in the synthetic leather market uses agricultural waste generated by coconut industry to make synthetic leather. The company is focusing on offering organic and sustainable leather.

Market Competition

Future Market Insights states that leading market players are investing towards creating new and advanced material to expand their market share. Emergence of start-ups and new players will further fuel the development especially in bio-based leather and similar materials.

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

Strategic merger, acquisition, and partnership are in the cards during the forecast period. Leading foot wear and apparel companies are also investing towards producing synthetic leather development in compliance with environment regulations.

  • In June 2021, BMW invested in plant-based textile company Natural Fiber Welding with the aim to develop leather alternative for automotive interior. The Natural Fiber Welding Company specializes in producing Mirum, a leather alternative made entirely from biodegradable ingredients.
  • In 2020, clothing and apparel giant H&M Launched synthetic leather made of wine waste & dye made of coffee grounds. H&M also partnered with Vegea, a biomaterial and bio-based leather making company to develop artificial leather made of wine by-products.

Report Scope

Report Attribute

Details

Market Value in 2022

US$ 27.92 Billion

Market Value in 2032

US$ 50 Billion

Growth Rate

CAGR of 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Material Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Asahi Kasei
  • Nan Ya Plastics Corporation
  • Toray Industries
  • Teijin Limited
  • Kuraray Co., Ltd.
  • Daewon Chemical Co Ltd.
  • Kolon Industries Inc.
  • Achilles Corp
  • Mayur Uniquoters

Customization

Available Upon Request

Key Segments Profiled In The Synthetic Leather Market Industry Survey

Synthetic Leather by Material Type:

  • Polyvinyl Chloride
  • Polyurethane
  • Bio Based

Synthetic Leather by Application:

  • Synthetic Leather for Footwear
  • Synthetic Leather for Furnishing
  • Synthetic Leather for Automotive
    • Seat
    • Door
    • Dash
    • Steering Cover
    • Others
  • Synthetic Leather for Clothing
  • Synthetic Leather for Bags
  • Synthetic Leather for Sports
  • Synthetic Leather for Electronics

Synthetic Leather by Region:

  • North America Synthetic Leather Market
  • Latin America Synthetic Leather Market
  • Asia Pacific Excluding Japan Synthetic Leather Market
  • Western Europe Synthetic Leather Market
  • Eastern Europe Synthetic Leather Market
  • Middle East & Africa Synthetic Leather Market
  • Japan Synthetic Leather Market

Frequently Asked Questions

FMI projects the global synthetic leather market to expand at a 6% value CAGR by 2032

The global synthetic leather market is estimated at a market value of US$ 27.92 Billion

The global synthetic leather market is expected to garner a market value of US$ 50 Billion

U.S. is expected to hold 35% market share for synthetic leather market in 2022.

Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters are some prominent synthetic leather market manufacturers

India is expected to possess 25% market share for synthetic leather market in 2022.

Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.

Polyurethane (PU) synthetic leather is expected to possess 40% market share for synthetic leather market in 2022.

Table of Content

1. Executive Summary

    1.1. Overview

    1.2. Market Analysis

    1.3. FMI Analysis and Recommendations

    1.4. Wheel of Fortune

2. Market Introduction

    2.1. Market Taxonomy

    2.2. Market Definition

    2.3. Global Market Product Lifecycle Stage

3. Market Viewpoint

    3.1. Macro-Economic Factors

        3.1.1. Urbanization Growth

        3.1.2. Global GDP Growth

        3.1.3. Retail Sector Growth

        3.1.4. Global Trade Growth

        3.1.5. Global Market Growth

4. Global Market Analysis 2017-2021 and Forecast 2022-2032

    4.1. Introduction

        4.1.1. Market Volume Projections

        4.1.2. Market Size and Y-o-Y Growth

        4.1.3. Absolute $ Opportunity

    4.2. Global Supply Demand Scenario

    4.3. Product – Cost Structure Analysis

    4.4. Value Chain

5. Forecast Factors: Relevance and Impact

6. Global Market Analysis 2017-2021 and Forecast 2022-2032 By Material

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) and Volume Analysis By Material, 2017-2021

    6.3. Current Market Size (US$ Mn) and Volume Forecast By Material, 2022-2032

        6.3.1. PVC

        6.3.2. PU

        6.3.3. Bio Based

    6.4. Key Trends / Developments

    6.5. Market Attractiveness Analysis By Material

7. Global Market Analysis 2017-2021 and Forecast 2022-2032 By Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2017-2021

    7.3. Current Market Size (US$ Mn) and Volume Forecast By Application, 2022-2032

        7.3.1. Footwear

        7.3.2. Furnishing

        7.3.3. Automotive

            7.3.3.1. Seat Cover & Head Rest

            7.3.3.2. Door Panels

            7.3.3.3. Dashboard & Rear Shelves

            7.3.3.4. Steering Cover

            7.3.3.5. Other Interior Trims

        7.3.4. Clothing

        7.3.5. Bags and Wallets

        7.3.6. Sports

        7.3.7. Electronics

        7.3.8. Others

    7.4. Market Attractiveness Analysis By Application

8. Global Market Analysis 2017-2021 and Forecast 2022-2032 By Region

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2017-2021

    8.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2022-2032

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Asia Pacific Excluding Japan

        8.3.4. Western Europe

        8.3.5. Eastern Europe

        8.3.6. Middle East and Africa

        8.3.7. Japan

    8.4. Market Attractiveness Analysis By Region

9. North Market Analysis 2017-2021 and Forecast 2022-2032

    9.1. Introduction

    9.2. Pricing Analysis

    9.3. Regional Market Dynamics

        9.3.1. Drivers

        9.3.2. Restraints

        9.3.3. Trends

    9.4. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        9.4.1. By Country

        9.4.2. By Material

        9.4.3. By Application

    9.5. Current Market Size (US$ Mn) and Volume Forecast By Country 2022-2032

        9.5.1. U.S.

        9.5.2. Canada

    9.6. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        9.6.1. PVC

        9.6.2. PU

        9.6.3. Bio Based

    9.7. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        9.7.1. Footwear

        9.7.2. Furnishing

        9.7.3. Automotive

            9.7.3.1. Seat Cover & Head Rest

            9.7.3.2. Door Panels

            9.7.3.3. Dashboard & Rear Shelves

            9.7.3.4. Steering Cover

            9.7.3.5. Other Interior Trims

        9.7.4. Clothing

        9.7.5. Bags and Wallets

        9.7.6. Sports

        9.7.7. Electronics

        9.7.8. Others

    9.8. Drivers and Restraints: Impact Analysis

    9.9. Market Attractiveness Analysis

        9.9.1. By Country

        9.9.2. By Material

        9.9.3. By Application

    9.10. Key Representative Market Participants

    9.11. Market Presence (Intensity Map)

10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032

    10.1. Introduction

    10.2. Key Regulations

    10.3. Pricing Analysis

    10.4. Regional Market Dynamics

        10.4.1. Drivers

        10.4.2. Restraints

        10.4.3. Trends

    10.5. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        10.5.1. By Country

        10.5.2. By Material

        10.5.3. By Application

    10.6. Current Market Size (US$ Mn) and Volume Forecast By Country 2022-2032

        10.6.1. Brazil

        10.6.2. Mexico

        10.6.3. Rest of Latin America

    10.7. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        10.7.1. PVC

        10.7.2. PU

        10.7.3. Bio Based

    10.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        10.8.1. Footwear

        10.8.2. Furnishing

        10.8.3. Automotive

            10.8.3.1. Seat Cover & Head Rest

            10.8.3.2. Door Panels

            10.8.3.3. Dashboard & Rear Shelves

            10.8.3.4. Steering Cover

            10.8.3.5. Other Interior Trims

        10.8.4. Clothing

        10.8.5. Bags and Wallets

        10.8.6. Sports

        10.8.7. Electronics

        10.8.8. Others

    10.9. Drivers and Restraints: Impact Analysis

    10.10. Market Attractiveness Analysis

        10.10.1. By Country

        10.10.2. By Material

        10.10.3. By Application

    10.11. Key Representative Market Participants

    10.12. Market Presence (Intensity Map)

11. Western Europe Market Analysis 2017-2021 and Forecast 2022-2032

    11.1. Introduction

    11.2. Key Regulations

    11.3. Pricing Analysis

    11.4. Regional Market Dynamics

        11.4.1. Drivers

        11.4.2. Restraints

        11.4.3. Trends

    11.5. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        11.5.1. By Country

        11.5.2. By Material

        11.5.3. By Application

    11.6. Current Market Size (US$ Mn) and Volume Forecast By Country 2022-2032

        11.6.1. Germany

        11.6.2. France

        11.6.3. Italy

        11.6.4. U.K.

        11.6.5. Spain

        11.6.6. BENELUX

        11.6.7. Rest of Western Europe

    11.7. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        11.7.1. PVC

        11.7.2. PU

        11.7.3. Bio Based

    11.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        11.8.1. Footwear

        11.8.2. Furnishing

        11.8.3. Automotive

            11.8.3.1. Seat Cover & Head Rest

            11.8.3.2. Door Panels

            11.8.3.3. Dashboard & Rear Shelves

            11.8.3.4. Steering Cover

            11.8.3.5. Other Interior Trims

        11.8.4. Clothing

        11.8.5. Bags and Wallets

        11.8.6. Sports

        11.8.7. Electronics

        11.8.8. Others

    11.9. Drivers and Restraints: Impact Analysis

    11.10. Market Attractiveness Analysis

        11.10.1. By Country

        11.10.2. By Material

        11.10.3. By Application

    11.11. Key Representative Market Participants

    11.12. Market Presence (Intensity Map)

12. Eastern Europe Market Analysis 2017-2021 and Forecast 2022-2032

    12.1. Introduction

    12.2. Key Regulations

    12.3. Pricing Analysis

    12.4. Regional Market Dynamics

        12.4.1. Drivers

        12.4.2. Restraints

        12.4.3. Trends

    12.5. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        12.5.1. By Country

        12.5.2. By Material

        12.5.3. By Application

    12.6. Current Market Size (US$ Mn) and Volume Forecast By Country 2022-2032

        12.6.1. Russia

        12.6.2. Poland

        12.6.3. Rest of Eastern Europe

    12.7. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        12.7.1. PVC

        12.7.2. PU

        12.7.3. Bio Based

    12.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        12.8.1. Footwear

        12.8.2. Furnishing

        12.8.3. Automotive

            12.8.3.1. Seat Cover & Head Rest

            12.8.3.2. Door Panels

            12.8.3.3. Dashboard & Rear Shelves

            12.8.3.4. Steering Cover

            12.8.3.5. Other Interior Trims

        12.8.4. Clothing

        12.8.5. Bags and Wallets

        12.8.6. Sports

        12.8.7. Electronics

        12.8.8. Others

    12.9. Drivers and Restraints: Impact Analysis

    12.10. Market Attractiveness Analysis

        12.10.1. By Country

        12.10.2. By Material

        12.10.3. By Application

    12.11. Key Representative Market Participants

    12.12. Market Presence (Intensity Map)

13. Asia Pacific Excl. Japan Market Analysis 2017-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Key Regulations

    13.3. Pricing Analysis

    13.4. Regional Market Dynamics

        13.4.1. Drivers

        13.4.2. Restraints

        13.4.3. Trends

    13.5. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        13.5.1. By Country

        13.5.2. By Material

        13.5.3. By Application

    13.6. Current Market Size (US$ Mn) and Volume Forecast By Country 2022-2032

        13.6.1. China

        13.6.2. India

        13.6.3. ASEAN

        13.6.4. Australia and New Zealand

        13.6.5. Rest of APEJ

    13.7. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        13.7.1. PVC

        13.7.2. PU

        13.7.3. Bio Based

    13.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        13.8.1. Footwear

        13.8.2. Furnishing

        13.8.3. Automotive

            13.8.3.1. Seat Cover & Head Rest

            13.8.3.2. Door Panels

            13.8.3.3. Dashboard & Rear Shelves

            13.8.3.4. Steering Cover

            13.8.3.5. Other Interior Trims

        13.8.4. Clothing

        13.8.5. Bags and Wallets

        13.8.6. Sports

        13.8.7. Electronics

        13.8.8. Others

    13.9. Drivers and Restraints: Impact Analysis

    13.10. Market Attractiveness Analysis

        13.10.1. By Country

        13.10.2. By Material

        13.10.3. By Application

    13.11. Key Representative Market Participants

    13.12. Market Presence (Intensity Map)

14. Middle East and Africa Market Analysis 2017-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Key Regulations

    14.3. Pricing Analysis

    14.4. Regional Market Dynamics

        14.4.1. Drivers

        14.4.2. Restraints

        14.4.3. Trends

    14.5. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        14.5.1. By Country

        14.5.2. By Material

        14.5.3. By Application

    14.6. Current Market Size (US$ Mn) and Volume Forecast By Country 2022-2032

        14.6.1. Turkey

        14.6.2. South Africa

        14.6.3. Gulf Co-Operation Council (GCC) Countries

        14.6.4. Rest of MEA

    14.7. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        14.7.1. PVC

        14.7.2. PU

        14.7.3. Bio Based

    14.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        14.8.1. Footwear

        14.8.2. Furnishing

        14.8.3. Automotive

            14.8.3.1. Seat Cover & Head Rest

            14.8.3.2. Door Panels

            14.8.3.3. Dashboard & Rear Shelves

            14.8.3.4. Steering Cover

            14.8.3.5. Other Interior Trims

        14.8.4. Clothing

        14.8.5. Bags and Wallets

        14.8.6. Sports

        14.8.7. Electronics

        14.8.8. Others

    14.9. Drivers and Restraints: Impact Analysis

    14.10. Market Attractiveness Analysis

        14.10.1. By Country

        14.10.2. By Material

        14.10.3. By Application

    14.11. Key Representative Market Participants

    14.12. Market Presence (Intensity Map)

15. Japan Market Analysis 2017-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Key Regulations

    15.3. Pricing Analysis

    15.4. Regional Market Dynamics

        15.4.1. Drivers

        15.4.2. Restraints

        15.4.3. Trends

    15.5. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2017-2021

        15.5.1. By Material

        15.5.2. By Application

    15.6. Current Market Size (US$ Mn) and Volume Forecast By Material 2022-2032

        15.6.1. PVC

        15.6.2. PU

        15.6.3. Bio Based

    15.7. Current Market Size (US$ Mn) and Volume Forecast By Application 2022-2032

        15.7.1. Footwear

        15.7.2. Furnishing

        15.7.3. Automotive

            15.7.3.1. Seat Cover & Head Rest

            15.7.3.2. Door Panels

            15.7.3.3. Dashboard & Rear Shelves

            15.7.3.4. Steering Cover

            15.7.3.5. Other Interior Trims

        15.7.4. Clothing

        15.7.5. Bags and Wallets

        15.7.6. Sports

        15.7.7. Electronics

        15.7.8. Others

    15.8. Drivers and Restraints: Impact Analysis

    15.9. Market Attractiveness Analysis

        15.9.1. By Country

        15.9.2. By Material

        15.9.3. By Application

    15.10. Key Representative Market Participants

    15.11. Market Presence (Intensity Map)

16. Competition Landscape

    16.1. Market Structure

    16.2. Competition Intensity Mapping By Market Taxonomy

    16.3. Competition Dashboard

    16.4. Manufacture Profiles (Details – Overview, Financials, Strategy, Recent Developments)

        16.4.1. Kolon Industries Inc.

        16.4.2. Mayur Uniquoters Ltd .

        16.4.3. Gruppo Mastrotto spa

        16.4.4. Alfatex.

        16.4.5. Achilles Corp.

        16.4.6. Teijin Limited

        16.4.7. Nan Ya Plastics Corporation

        16.4.8. Asahi Kasei Corporation

        16.4.9. Toray Group Kuraray Co., Ltd.

        16.4.10. Daewon Chemical Co Ltd.

        16.4.11. Leather Resource Of America Inc.

        16.4.12. Comfort Int'l Co., Ltd

        16.4.13. Sheng Hung Industrial Co. Ltd.

        16.4.14. Plastics Elche S.A

17. Research Methodology

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List of Tables

Table 01: Global Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 02: Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 03: Global Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 04: Global Market Size (US$ Mn) and Volume (000 Tons) Forecast by Region, 2022-2032

Table 05: North America Market Value (US$ Mn) and Volume (000 Tons) Forecast by Country, 2022-2032

Table 06: North America Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 07: Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 08: North America Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 09: Latin America Market Value (US$ Mn) and Volume (000 Tons) Forecast by Country, 2022-2032

Table 10: Latin America Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 11: Market Size (US$ Mn) and Volume ((000 Tons) Forecast by Application, 2022-2032

Table 12: Latin America Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 13: Western Europe Market Value (US$ Mn) and Volume (000 Tons) Forecast By Country, 2022-2032

Table 14: Western Europe Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 15: Market Size (US$ Mn) and Volume ((000 Tons) Forecast by Application, 2022-2032

Table 16: Western Europe Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 17: Eastern Europe Market Value (US$ Mn) and Volume (000 Tons) Forecast By Country, 2022-2032

Table 18: Eastern Europe Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 19: Market Size (US$ Mn) and Volume ((000 Tons) Forecast by Application, 2022-2032

Table 20: Eastern Europe Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 21: APEJ Market Value (US$ Mn) and Volume (000 Tons) Forecast By Country, 2022-2032

Table 22: APEJ Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 23: Market Size (US$ Mn) and Volume ((000 Tons) Forecast by Application, 2022-2032

Table 24: APEJ Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 25: MEA Market Value (US$ Mn) and Volume (000 Tons) Forecast By Country, 2022-2032

Table 26: MEA Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 27: Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 28: MEA Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 29: Japan Market Size (US$ Mn) and Volume (000 Tons) Forecast by Material Type, 2022-2032

Table 30: Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Table 31: Japan Market Size (US$ Mn) and Volume (000 Tons) Forecast by Application, 2022-2032

Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 01: Global Historical Global Market Size (US$ Mn) and Volume (000' Tons) Analysis, 2016 – 2020

Figure 02: Global Current and Future Global Market Size (US$ Mn) and Volume (000' Tons) Analysis, 2021 – 2031

Figure 03: Global Market Value

Figure 04: Global Market Absolute $

Figure 05: Global Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 06: Global Market Y-o-Y Projections by Material Type, 2022-2032

Figure 07: Global Market Absolute $ Opportunity by PVC segment 2017 to 2021 and 2032

Figure 08: Global Market Absolute $ Opportunity by PU 2017 to 2021 and 2032

Figure 09: Global Market Absolute $ Opportunity by Others 2017 to 2021 and 2032

Figure 10: Global Market Attractiveness Analysis by Material Type

Figure 11: Global Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 12: Global Market Y-o-Y Projections by Application, 2022-2032

Figure 13: Global Market Absolute $ Opportunity by footwear segment 2017 to 2021 and 2032

Figure 14: Global Market Absolute $ Opportunity by furnishing segment 2017 to 2021 and 2032

Figure 15: Global Market Absolute $ Opportunity by Automotive segment 2017 to 2021 and 2032

Figure 16: Global Market Absolute $ Opportunity by clothing segment 2017 to 2021 and 2032

Figure 17: Global Market Absolute $ Opportunity by bags & wallets segment 2017 to 2021 and 2032

Figure 18: Global Market Absolute $ Opportunity by Electronics segment 2017 to 2021 and 2032

Figure 19: Global Market Absolute $ Opportunity by sports segment 2017 to 2021 and 2032

Figure 20: Global Market Absolute $ Opportunity by Others segment 2017 to 2021 and 2032

Figure 21: Global Market Attractiveness Analysis by Application

Figure 22: Global Market BPS Analysis by Region – 2017, 2022 & 2032

Figure 23: Global Market Y-o-Y Projections by Region, 2022-2032

Figure 24: North America Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 25: Latin America Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 26: Western Europe Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 27: Eastern Europe Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 28: APEJ Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 29: Japan Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 30: MEA Global Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 31: Global Market Attractiveness Analysis by Region

Figure 32: North America Market Size and Volume Analysis, 2017-2021

Figure 33: North America Market Size and Volume Forecast, 2022-2032

Figure 34: North America Market Share and BPS Analysis by Country – 2017, 2022 & 2032

Figure 35: North America Market Y-o-Y Growth Projections by Country, 2013-2027

Figure 36:U.S. Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 37: Canada Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 38: North America Market Attractiveness Analysis by Country

Figure 39: North America Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 40: North America Market Y-o-Y Projections by Material Type, 2022-2032

Figure 41: North America Market Attractiveness Analysis by Material Type

Figure 42: North America Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 43: North America Market Y-o-Y Projections by Application, 2022-2032

Figure 44: North America Market Attractiveness Analysis by Application

Figure 45: Latin America Market Size and Volume Analysis, 2017-2021

Figure 46: Latin America Market Size and Volume Forecast, 2022-2032

Figure 47: Latin America Market Share and BPS Analysis by Country – 2017, 2022 & 2032

Figure 48: Latin America Market Y-o-Y Growth Projections by Country, 2013-2027

Figure 49: Brazil Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 50: Mexico Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 51: Rest of Latin America Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 52: Latin America Market Attractiveness Analysis by Country

Figure 53: Latin America Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 54: Latin America Market Y-o-Y Projections by Material Type, 2022-2032

Figure 55: Latin America Market Attractiveness Analysis by Material Type

Figure 56: Latin America Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 57: Latin America Market Y-o-Y Projections by Application, 2022-2032

Figure 58: Latin America Market Attractiveness Analysis by Application

Figure 59: Western Europe Market Size and Volume Analysis, 2017-2021

Figure 60: Western Europe Market Size and Volume Forecast, 2022-2032

Figure 61: Western Europe Market Share and BPS Analysis By Country – 2017, 2022 & 2032

Figure 62: Western Europe Market Y-o-Y Growth Projections By Country, 2013-2027

Figure 63: Germany Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 64: France Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 65: UK Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 66: Italy Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 67: Spain Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 68: Benelux Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 69: Rest of Western Europe Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 70: Western Europe Market Attractiveness Analysis By Country

Figure 71: Western Europe Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 72: Western Europe Market Y-o-Y Projections by Material Type, 2022-2032

Figure 73: Western Europe Market Attractiveness Analysis by Material Type

Figure 74: Western Europe Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 75: Western Europe Market Y-o-Y Projections by Application, 2022-2032

Figure 76: Western Europe Market Attractiveness Analysis by Application

Figure 77: Eastern Europe Market Size and Volume Analysis, 2017-2021

Figure 78: Eastern Europe Market Size and Volume Forecast, 2022-2032

Figure 79: Eastern Europe Market Share and BPS Analysis By Country – 2017, 2022 & 2032

Figure 80: Eastern Europe Market Y-o-Y Growth Projections By Country, 2013-2027

Figure 81: Russia Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 82: Poland Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 83: Rest of Eastern Europe Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 84: Eastern Europe Market Attractiveness Analysis By Country

Figure 85: Eastern Europe Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 86: Eastern Europe Market Y-o-Y Projections by Material Type, 2022-2032

Figure 87: Eastern Europe Market Attractiveness Analysis by Material Type

Figure 88: Eastern Europe Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 89: Eastern Europe Market Y-o-Y Projections by Application, 2022-2032

Figure 90: Eastern Europe Market Attractiveness Analysis by Application

Figure 91: APEJ Market Size and Volume Analysis, 2017-2021

Figure 92: APEJ Market Size and Volume Forecast, 2022-2032

Figure 93: APEJ Market Share and BPS Analysis By Country – 2017, 2022 & 2032

Figure 94: APEJ Market Y-o-Y Growth Projections By Country

Figure 95: China Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 96: India Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 97: ASEAN Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 98: ANZ Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 99: Rest of APEJ Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 100: APEJ Market

Figure 101: APEJ Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 102: APEJ Market Y-o-Y Projections by Material Type, 2022-2032

Figure 103: APEJ Market Attractiveness Analysis by Material Type

Figure 104: APEJ Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 105: APEJ Market Y-o-Y Projections by Application, 2022-2032

Figure 106: APEJ Market Attractiveness Analysis by Application

Figure 107: MEA Market Size and Volume Analysis, 2017-2021

Figure 108: MEA Market Size and Volume Forecast, 2022-2032

Figure 109: MEA Market Share and BPS Analysis By Country – 2017, 2022 & 2032

Figure 110: MEA Market Y-o-Y Growth Projections By Country

Figure 111: Turkey Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 112: South Africa Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 113: GCC Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 114: Rest of MEA Market Absolute $ Opportunity 2017 to 2021 and 2032

Figure 115: MEA Market Attractiveness Analysis By Country

Figure 116: MEA Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 117: MEA Market Y-o-Y Projections by Material Type, 2022-2032

Figure 118: MEA Market Attractiveness Analysis by Material Type

Figure 119: MEA Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 120: MEA Market Y-o-Y Projections by Application, 2022-2032

Figure 121: MEA Market Attractiveness Analysis by Application

Figure 122: Japan Market Size and Volume Analysis, 2017-2021

Figure 123: Japan Market Size and Volume Forecast, 2022-2032

Figure 124: Japan Market BPS Analysis by Material Type, 2017, 2022 & 2032

Figure 125: Japan Market Y-o-Y Projections by Material Type, 2022-2032

Figure 126: Japan Market Attractiveness Analysis by Material Type

Figure 127: Japan Market BPS Analysis by Application – 2017, 2022 & 2032

Figure 128: Japan Market Y-o-Y Projections by Application, 2022-2032

Figure 129: Japan Market Attractiveness Analysis by Application

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