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Global Artificial Leather Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 1761 | Pages : 141 | Oct 2024

Report Overview

Artificial Leather is a material designed to mimic the appearance and texture of natural leather, widely used in various applications such as clothing, footwear, handbags, furniture, and automotive interiors. It is typically made from polyvinyl chloride (PVC), polyurethane (PU), or other synthetic resins. Compared to genuine leather, Artificial Leather offers several advantages, including lower production costs, ease of cleaning and maintenance, and a wider variety of colors and textures. Additionally, because it does not require animal sources, it is often favored for its animal welfare and environmental benefits. Although Artificial Leather may closely resemble real leather in appearance and feel, its durability and breathability are often inferior. However, with advancements in material science, many new types of Artificial Leather are continually improving, becoming increasingly comparable to natural leather. The applications of Artificial Leather are also expanding, particularly in the fashion industry, where designers explore its innovative potential to meet the demand for sustainable practices.

The global Artificial Leather market size is projected to grow from US$ 18990 million in 2024 to US$ 27600 million in 2030; it is expected to grow at a CAGR of 6.4% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “Artificial Leather Industry Forecast” looks at past sales and reviews total world Artificial Leather sales in 2023, providing a comprehensive analysis by region and market sector of projected Artificial Leather sales for 2024 through 2030. With Artificial Leather sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Artificial Leather industry.

This Insight Report provides a comprehensive analysis of the global Artificial Leather landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Artificial Leather portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Artificial Leather market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Artificial Leather and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Artificial Leather.

The Artificial Leather market has witnessed significant growth in recent years. This trend is primarily driven by increased environmental awareness and consumer concerns about animal welfare. With the rise of sustainable fashion, more brands are opting for Artificial Leather as an alternative material to meet the demand for eco-friendly products. Additionally, advancements in technology have enhanced the quality of Artificial Leather, making it increasingly similar in appearance and texture to genuine leather, thus attracting a broader range of consumers. Particularly among younger generations, there is a growing preference for fashion choices that do not involve animal products, further propelling the popularity of Artificial Leather.

Currently, the applications of Artificial Leather are extensive, encompassing not just clothing and accessories but also furniture, automotive interiors, and sporting goods. For instance, many automotive manufacturers have begun using Artificial Leather in their vehicle interiors to minimize environmental impact. Likewise, the furniture industry is gradually shifting towards Artificial Leather, appreciated for its durability and ease of maintenance, making it a popular choice in modern home design.

Looking forward, the Artificial Leather market is expected to continue its growth, especially in the Asia-Pacific region. According to market research reports, the rapid development of the fashion industry and the increasing purchasing power of the middle class in this region are significant driving forces for the Artificial Leather market. Furthermore, as consumers demand greater transparency regarding product origins, companies' sustainability practices and social responsibility in the production process will become critical considerations
Based on the study, the development of the Artificial Leather market not only reflects changes in consumer purchasing habits but also highlights the industry's focus on sustainability and innovation. Companies must continually optimize their production processes and improve product quality to stand out in this competitive landscape. Furthermore, with the gradual strengthening of environmental regulations worldwide, Artificial Leather, as an eco-friendly alternative, is poised for even broader market prospects.

This report presents a comprehensive overview, market shares, and growth opportunities of Artificial Leather market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    PVC Leather
    Normal PU Leather
    Microfiber PU Leather
    Ecological function PU Leather

Segmentation by Application:
    Apparel & Accessories
    Furnishing
    Automotive
    Sports Goods
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Kuraray
    Toray
    Teijin
    Covestro (Bayer)
    Shian Microfiber
    Zhejiang Haobo (Wangkang Group)
    Asahi Kasei
    Duksung
    Daewon Chemical
    Filwel
    Kolon
    San Fang Chemical
    Nanya
    Wenzhou Imitation Leather
    Anhui Anli
    Fujian Tianshou
    Vulcaflex
    Yantai Wanhua
    Shandong Tongda
    Hexin Holdings
    Xiefu New Materials
    Huafon Microfibre
    Double Elephant
    Fujian Topsun
    Benecke-Kaliko
    Kyowa
    Archilles
    CGT
    Ultrafabrics Holdings

Key Questions Addressed in this Report
What is the 10-year outlook for the global Artificial Leather market?
What factors are driving Artificial Leather market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Artificial Leather market opportunities vary by end market size?
How does Artificial Leather break out by Type, by Application?

Frequently Asked Questions?

Ans - The purpose of a Artificial Leather market research report is to provide data-driven insights and analysis on a Artificial Leather market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Artificial Leather market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.