Global Synthetic Leather Market 2021: Global Industry Size and Growth Opportunities to 2026
Synthetic leather is a man-made material that is regularly developed from polyvinyl chloride (PVC) or polyurethane (PU). It is man-shown up of veritable calfskin. Synthetic leather is hued and treated to mirror the presence of real calfskin. Vegan leather, faux leather, leatherette, and leather are largely terms used to portray this kind of leather. Synthetic leather enjoys a few benefits, including sturdiness, shading opposition, and climate obstruction. It has no layers or joints, which keeps water from spilling inside and causing material harm. It is generally used in car insides, footwear, upholstery, garments, inside plan, and stylistic theme where a calfskin like feel is wanted.
ChemIntel360’s global Synthetic Leather market study is a 170+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 4.2% over 2021-2026. The leading factor driving growth is the chemical’s extensive use in manufacture of components parts requiring a finish similar to that of leathers in automotive, furnishing and clothing industries.
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Scope
This study contains global and regional market size data. The numbers are broken down by application (Automotive, Footwear, Furnishing, Clothing, and Others), and by type (Polyurethane, Polyvinyl Chloride, and Bio-based). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Synthetic Leather market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$63.3 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Geographical Analysis
The dimethyl carbonate market size has spread worldwide, like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
The global market including some of the major players such as Kuraray Co. Ltd, Teijin Limited, San Fang Chemical Industry Co. Ltd, Mayur Uniquoters Ltd., Filwel Co. Ltd., Nan Ya Plastics Co. Ltd., Zhejiang Hexin Industry Group Co., Ltd., H.R. Polycoats Pvt. Ltd., Yantai Wanhua Synthetic Leather Group Co. Ltd. and Alfatex.
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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.
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