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- How is wool made?
- What is carbonizing process of wool?
- What is grading of wool?
- What is scouring of wool?
- What is the shearing process of wool?
- What is the value of pure wool in the global market?
- What is the value of worsted wool yarn in the global market?
- What is worsted wool?
- Where is wool produced in the world?
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- How is cotton made?
- What are the properties of cotton?
- What is carding process?
- What is combing?
- What is cotton ginning and its types?
- What is the chemical composition of cotton?
- What is the value of cotton in the global market?
- Where is cotton produced in the world?
- Why is organic cotton expensive?
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- How is nylon made?
- What are nylon chips or polyamide chips?
- What are the properties of nylon?
- What is benzene?
- What is caprolactam (CPL)?
- What is NFY?
- What is the chemical composition of nylon?
- What is the value of nylon fiber in the global market?
- Where is nylon produced in the world?
- Who are the global caprolactam producers?
- Who are the major global producers of benzene?
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- How is polyester made?
- What are polyester chips?
- What are the end uses and countries producing PSF (polyester staple fiber)?
- What are the end-uses of polyester chips?
- What are the properties of polyester?
- What are the uses of paraxylene?
- What is MEG and who are its producers?
- What is paraxylene and its properties?
- What is polyester staple fiber (PSF)?
- What is Purified Terephthalic Acid (PTA)?
- What is the chemical composition of polyester?
- Where is polyester produced in the world?
- Who are the global paraxylene producing countries?
- Who are the global producers of Purified Terephthalic Acid?
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- How is acrylic made?
- What are the properties of acrylic?
- What is acrylonitrile?
- What is ASF?
- What is propylene?
- What is the chemical composition of acrylic?
- What is the global market of acrylonitrile and who are its producers?
- What is the global market of propylene and who are its producers?
- Where is acrylic produced in the world?
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What is the value of synthetic leather in the global market?
Artificial leather is known by many commercial names such as faux leather, leatherette, vegan leather, pleather, and PU leather. Synthetic leather is a man-made fabric, which is made by using polyvinyl chloride (PVC) or polyurethane (PU). Synthetic leather is used in many industries such as fabrics, footwear, clothing, upholstery, etc. in 2019, the value of synthetic leather in the global market was around USD 29.3 billion.
The global synthetic leather fiber market can be segmented on the following basis:
Based on product type: On the basis of the type of product, the global synthetic leather market is categorized as PU-based, PVC-based, and Bio-based. Among these types of synthetic leather Polyurethane (PU) synthetic leather segment accounts for the largest revenue share of over 55%.
Based on application: On the basis of application, the global synthetic leather market is segmented into Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, and others. Among these sectors, footwear sectors account for the largest share of 30% in the end-use industry of synthetic leather followed by the furnishing and automotive sectors.
Based on geographical region: On the basis of geographical region, the global synthetic leather market is segmented into North America (The U.S., Canada, Mexico), Europe (Germany, UK, Russia, France, Italy, Spain), Asia Pacific (China, India, Japan, South Korea), Central and South America ( Brazil, Middle East & Africa).
Among all the regions, the Asia-Pacific region accounted for a share of 44.88% in 2019. And China dominates the global market of synthetic leather. In the Asia-Pacific region, some of the major importers of raw hide and synthetic leather are China, Taiwan, India, Thailand, and Indonesia. After the Asia-Pacific region, North America holds the second-largest market share of the global artificial leather market and was valued at USD 6,299.5 million in 2018.
Some of the leading manufacturers dominating the synthetic leather global market include Kuraray Co. Ltd., H.R. Polycoats Pvt. Ltd, Alfatex Italia, Yantai Wanhua Group Co. Ltd., Nan Ya Plastics Corp., Tejinin Ltd., etc.