Synthetic Leather (Artificial Leather) Market worth 33.54 Billion USD by 2021

1. Synthetic Leather (Artificial Leather) Market worth 33.54 Billion USD by 2021 The report "Synthetic Leather (Artificial Leather) Market by Type (Polyurethane, Polyvinyl Chloride, Bio- based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) - Global Forecast to 2021", The global synthetic leather market was valued at USD 22.13 Billion in 2015 and is projected to reach USD 33.54 Billion by 2021, at a CAGR of 7.20% from 2016 to 2021. Browse 105 market data tables and 56 figures spread through 142 pages and in-depth TOC on "Synthetic Leather (Artificial Leather) Market by Type (Polyurethane, Polyvinyl Chloride, Bio-based), End-Use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses & Wallets, Sports, Electronics) - Global Forecast to 2021" Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=6616309 The growing demand for synthetic leather in the footwear industry, and concerns regarding the killing of animals for the production of pure leather, is expected to drive the market in the future. PU synthetic leather accounts for the largest share in the synthetic leather market The global synthetic leather market is segmented based on type, into PU-based, PVC-based, and bio-based. In 2015, PU-based synthetic leather captured the maximum share of the overall market; it is also expected to witness the highest CAGR during the forecast period. PU leather is considered more environment friendly as compared to vinyl based leather, as it does not create dioxins. PU-based based leather is more expensive than PVC-based leather, due to the extensive manufacturing process that is required. Companies are also manufacturing microfiber PU leather, which is a high quality leather, and has properties that are better than pure leather. Growing demand from the footwear industry to boost the synthetic leather market The major end-use industries of synthetic leather are footwear, furnishing, automotive, clothing, bags, purses & wallets, and others. Footwear is the largest end-use industry of synthetic leather. The demand for synthetic leather in the footwear industry is also projected to register the second highest CAGR during the forecast period. The growth in this industry is driven by the growing incomes, and economic growth. Another major driver for the growth in demand for synthetic leather in various countries is the variation in climatic conditions, which requires different kinds of footwear. Asia-Pacific: The largest market in synthetic leather The global synthetic leather market is segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Asia-Pacific region is the largest synthetic leather market, closely followed by Europe, in terms of value. The growing end-use industries such as, automotive, footwear, and furnishing, coupled with regulations regarding animal welfare is driving the demand for synthetic leather in the Asia-Pacific region. The presence of many international fashion brands in Europe is driving the demand for synthetic leather in the region. Currently, market players such as, Kuraray Co. Ltd. (Japan), San Fang Chemical industry Co. Ltd (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Ltd. (India), Nan Ya Plastics Co. Ltd. (Taiwan), Filwel Co. Ltd. (Japan), Zhejiang Hexin Industry Group Co., Ltd. (China), Alfatex (Italy), H.R. Polycoats Pvt. Ltd. (India), and Yantai Wanhua Synthetic Leather Group Co. Ltd. (China) are leading the global synthetic leather market. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=6616309

2. Target Audience: • • • • • Synthetic leather manufacturers Synthetic leather dealers Synthetic leather suppliers End users Raw material suppliers and others Scope of the Report: This report categorizes the synthetic leather market based on type, end-use industry, and region. Market Segmentation, by Type: • • • PU-based PVC-based Bio-based Market Segmentation, by End-use Industry: • • • • • • Footwear Furnishing Automotive Clothing Bags, purses & wallets Others Market Segmentation, by Region: • • • • • North America Europe Asia-Pacific Middle East & Africa South America About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

3. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: sales@marketsandmarkets.com