Polyurethane Synthetic Leather Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Global Polyurethane Synthetic Leather Market Is Expected To Reach USD 1.4 Billion From 2022 To 2030, Growing At A CAGR Of 5% During The Forecast Period.
Polyurethane Synthetic Leather Market Overview:
PU leather has good elasticity, high tensile strength, and three-dimensional structure. It is not only soft, but also resistant to solvents and abrasion. These attributes have been instrumental in increasing the market penetration of products in the automotive, footwear and furniture sectors. The high price of natural leather is also an important factor that fueled the need for substitutes.
However, the adverse effects of polyurethane on the environment as well as human health are threatening the market. When polyurethane is exposed to moisture and heat, it slowly depolymerizes, making the surface flaky and brittle. It does not decompose and is very difficult to recycle. Even when recycled, the final product does not meet consumers' optimal quality expectations. This is highly likely to hinder demand for artificial leather. The polyurethane artificial leather market is subject to numerous laws and regulations due to increasing levels of contamination in polyurethane foam and other products. Raw materials such as TDI and MDI related to PU production are considered hazardous to the environment.
Polyurethane Synthetic Leather Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Polyurethane Synthetic Leather Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in the Global Polyurethane Synthetic Leather Market:
Market Key Players:
Alfatex, Anhui Material Technology, Yantai Wanhua Synthetic Leather Group, Teijin Limited, Amway, Shandong Jinfeng Artificial Leather, Toray Industries Inc., Filwel, Zhejiang Yongfa Synthetic Leather, Zhejiang Hexin Industry Group, Arora Vinyl, Nan Ya Plastics Industrial, H.R. Polycoats, Mayur Uniquoters Limited, Kuraray, San Fang Chemical Industry, And Others.
Polyurethane Synthetic Leather Market by Types:
- Dry Synthetic, Wet Synthetic,
Polyurethane Synthetic Leather Market by Applications:
- Footwear, Furnishing, Automotive, Clothing, Bags, Others
Polyurethane Synthetic Leather Market by Regions:
The report estimates revenue growth at the worldwide, regional and country level and delivers analysis of the recent industry trends in each sub-segment from 2017 to 2030.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Investments by polyurethane synthetic leather market players will be geared toward acquiring new technologies, securing raw materials, efficient procurement/inventory, strengthening product portfolio, and utilizing capabilities to sustain growth during challenging times. Economic and social challenges vary widely across countries/markets, and Polyurethane Synthetic Leather manufacturers and related players focus on country-specific strategies.
Crude oil prices fluctuating up to $60/barrel within a year are becoming a major concern in the polyurethane synthetic leather market as fuel and chemical prices are affecting many other areas.
The uneven recovery in different end markets and regions is a key challenge in understanding and analyzing the polyurethane synthetic leather market landscape.
Concerns over a slowdown in the global economy, the impact of the war in Ukraine, the lockdown in China due to the resurgence of COVID cases, and the risk of stagflation in envisioning numerous market scenarios all urgently require vigilance and forward-looking for polyurethane synthetic leather industry players. The dramatic changes that the pandemic COVID-19 has brought to the polyurethane synthetic leather supply chain, along with the boom towards a cleaner and sustainable environment, has forced companies to change their strategies.
Report Scope of Global Polyurethane Synthetic Leather Market:
CAGR of 5% from 2022 to 2030.
Dry Synthetic, Wet Synthetic,
Footwear, Furnishing, Automotive, Clothing, Bags, Others
Alfatex, Anhui Material Technology, Yantai Wanhua Synthetic Leather Group, Teijin Limited, Amway, Shandong Jinfeng Artificial Leather, Toray Industries Inc., Filwel, Zhejiang Yongfa Synthetic Leather, Zhejiang Hexin Industry Group, Arora Vinyl, Nan Ya Plastics Industrial, H.R. Polycoats, Mayur Uniquoters Limited, Kuraray, San Fang Chemical Industry
Regions and Countries Covered
2017 to 2022
2023 to 2030
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the Market are discussed in detail wherein the different end users of the Market are explained in detail.
- Data and information by Market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the Market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of Polyurethane Synthetic Leather Market?
The Polyurethane Synthetic Leather Market is growing at a CAGR of 5% During Forecast Period.
What are the key types of Polyurethane Synthetic Leather Market?
Dry Synthetic, Wet Synthetic
What are the key applications of Polyurethane Synthetic Leather Market?
Footwear, Furnishing, Automotive, Clothing, Bags, Others
Who are the key players in Polyurethane Synthetic Leather Market?
Alfatex, Anhui Material Technology, Yantai Wanhua Synthetic Leather Group, Teijin Limited, Amway, Shandong Jinfeng Artificial Leather, Toray Industries Inc., Filwel, Zhejiang Yongfa Synthetic Leather, Zhejiang Hexin Industry Group, Arora Vinyl, Nan Ya Plastics Industrial, H.R. Polycoats, Mayur Uniquoters Limited, Kuraray, San Fang Chemical Industry, And others.
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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.