Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.
The market is very fragmented. Several leading players are adopting the strategy of competitive pricing to gain a better foothold in the market. Some of the prominent players in the market are Hornschuch, Kuraray, Toray, Teijin, Nassimi, Willow Tex, Nilco, Wenzhou Imitation Leather, Anli Group, Hexin Group, Fujian Tianshou and Shuangxiang Group. In recent years, a growing number of players are increasingly focusing on developing novel products, in order to gain a competitive edge over others.
One trend in the market is focus on development of bio-based synthetic leather. The need for sustainability is impelling the various stakeholders, such as customers, manufacturers, and the governments, to implement the production and adoption of bio-based products. Almost 9-11% of all the chemical-based products have their raw materials sourced from renewable sources, thus, making them more environment-friendly.
One challenge in the market is harmful environmental effects of PVC processing. PU and PVC are the most common materials that are used to make synthetic leather. Among these two materials, PVC is preferred more as it is much cheaper than PU in earlier years. However, in recent times, the use of PVC is being reduced as it releases dioxins, which are hazardous chemicals. Another factor is the use of plasticizers known as phthalates. PVC, in the original form, is a very rigid substance and plasticizers must be added to make it more flexible and malleable.
According to this study, over the next five years the Synthetic Leather For Furniture market will register a 7.5% CAGR in terms of revenue, the global market size will reach US$ 11000 million by 2024, from US$ 7130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Synthetic Leather For Furniture business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Leather For Furniture market by product type, application, key manufacturers and key regions and countries.
This study considers the Synthetic Leather For Furniture value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
PVC Leather
PU Leather
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Household
Commercial Use
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Wenzhou Imitation Leather
Hornschuch
Kuraray
Toray
Teijin
Nassimi
Willow Tex
Nilco
Anli Group
Hexin Group
Fujian Tianshou
Shuangxiang Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Synthetic Leather For Furniture consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Synthetic Leather For Furniture market by identifying its various subsegments.
Focuses on the key global Synthetic Leather For Furniture manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Synthetic Leather For Furniture with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Synthetic Leather For Furniture submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Synthetic Leather For Furniture . Industry analysis & Market Report on Synthetic Leather For Furniture is a syndicated market report, published as Global Synthetic Leather For Furniture Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Synthetic Leather For Furniture market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.