Artificial Leather Market Overview:

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.

The artificial leather market witnessed a potential growth owing to growing environmental concern regarding killing of animals which led to development of artificial leather across end user industries. Artificial leather is durable, cost effective and stain resistance which makes it more attractive then real leather. Growing fashion industry along with changing taste of people has shifted the demand for artificial leather across the industry. Wide variety of goods are produced from artificial leather. They are luggage, wallets, bags, jackets, car interiors, mobile cases and covers, sofas etc. Thus, growing application has boosted the demand for artificial leather market.

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Competitive Dashboard :

Filwel Co. Ltd

H.R.Polycoats Pvt. Ltd

Alfatex ITALIA

Mayur Uniquoters Ltd

San Fang Chemical industry

Kuraray Co. Ltd

Asahi Kasei Corporation

Product Segment analysis:

Artificial leather is available mainly in two forms polyurethane (PU) and polyvinyl chloride (PVC). PU based artificial leather is leading segment over the forecasted period 2016-2022. Pleather is low cost artificial material made from plastic materials which are lighter in weight. Both PU based and PVC based artificial leather comes under pleather. PU based artificial leather is easier to clean and environment friendly compared to PVC based artificial coating, as it does not create dioxins. It offers advantages such as waterproof, lighter and softer compared to real leather and higher tensile strength.

Thus, the material is widely used in automobile and clothing industries. Further PVC is made up of additional plasticizers and dyed to PVC so that fabric is made softer. It is extensively used to make items with low stress tolerance. Thus, PU based artificial leather is more expensive than PVC based artificial leather. This can restrain the market growth of artificial leather in coming years.

End User Industry Analysis:

According to end user industry, artificial leather is segmented into automotive, furnishing, footwear, clothing, others. Footwear segment is largest end user industry of artificial leather. This is attributed to growing need of footwear according to changing climatic conditions. As artificial leather is dyed in such a way that it looks similar to real leather, it has substituted genuine leather in clothing and furnishing industries.

PU based artificial leather possess strong stress tolerance which makes it viable to use in boots, shoes bags, luggage, gloves and other consumer goods. Thus, drive the artificial leather market in footwear and clothing industry. Growing concern of lightweight leather in automotive sector is anticipated drive the artificial leather over the forecasted horizon. Changing lifestyle of people according to region has also boosted the demand for artificial leather in furnishing and automobile industry.

Regional Insights

The Artificial Leather Market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Artificial Leather market is largest market owing to robust industry growth of end user industry in China and India. Rapid industrializations, favorable government regulations and increase in per captia income will significantly grow the artificial leather market in emerging economies such as China, India and Japan. Rise in population leads to increase in demand for footwear, automobile, clothing etc. Thus, developing regions witnessed a high growth in artificial leather market.

The growing automotive and footwear industry in European market is anticipated to drive the demand of artificial leather. Regulations regarding animal welfare is driving the demand for artificial leather across various regions. North America witnessed a positive growth in artificial leather market owing to presence of international fashion brands across the region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors

Intended Audience:

Artificial Leather manufacturers

Traders and distributors of Artificial Leather

Production Process industries

Potential investors

Raw material suppliers

Nationalized laboratory

The report about 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.