Synthetic Leather Market: A Deep Dive Into Factors that will Help Vendors Stay Ahead of Competitors - Technavio

Vendors are deploying growth strategies such as launching new products to compete in the market

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- One of the key vendors operating in the synthetic leather market is Air Water Inc. The company offers synthetic leather which is equipped with various functions such as suppleness and lightweight which is later used for the non-woven fabric binder. The market also has the presence of a few other major players, such as Akea Srl, Asahi Kasei Corp., GLOBAL SALES Corp., H.R. Polycoats Pvt. Ltd., and Jasch Industries Ltd.

The synthetic leather market is fragmented. Competition in the market is intense due to the presence of several global, regional, and local vendors. Moreover, factors such as fluctuating raw material prices may impede market growth.

Key strategies used by vendors to overcome the above challenges have been identified by Technavio. Global vendors must concentrate on product portfolio expansions and product innovations to stay ahead of their competitors.

Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now

The synthetic leather market size is expected to grow by USD 15.64 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.77% during the forecast period.

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format

Vendors in the synthetic leather market can take advantage of a few factors that will work in their favor. The high demand from developing economies is one of these factors. Industries such as automotive, footwear, and bags are growing rapidly, which is driven by the rising disposable income and increasing economic activities in emerging markets. This, in turn, is fueling the demand for synthetic leather. Furthermore, growing investments in the manufacturing sector, including manufacturers from industries in developing countries, are propelling the consumption of synthetic leather. Moreover, rapid industrialization in economies such as Brazil, Russia, India, China, and South Africa (BRICS) is leading to considerable demand for synthetic leather. Trends such as the increasing need for high productivity to cater to the demands of the growing population are also expected to drive the global synthetic leather market.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 5.3 Footwear industry - Market size and forecast 2021-2026
• Exhibit 29: Chart on Footwear industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Footwear industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Footwear industry - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Footwear industry - Year-over-year growth 2021-2026 (%)

• 5.4 Furnishing industry - Market size and forecast 2021-2026
• Exhibit 33: Chart on Furnishing industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Furnishing industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Furnishing industry - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Furnishing industry - Year-over-year growth 2021-2026 (%)

• 5.5 Automotive industry - Market size and forecast 2021-2026
• Exhibit 37: Chart on Automotive industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Automotive industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Automotive industry - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Automotive industry - Year-over-year growth 2021-2026 (%)

• 5.6 Bags industry - Market size and forecast 2021-2026
• Exhibit 41: Chart on Bags industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Bags industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Bags industry - Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Bags industry - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026
• Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 49: Market opportunity by End-user ($ million)

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 50: Chart on Product - Market share 2021-2026 (%)
• Exhibit 51: Data Table on Product - Market share 2021-2026 (%)

• 6.2 Comparison by Product 
• Exhibit 52: Chart on Comparison by Product
• Exhibit 53: Data Table on Comparison by Product

• 6.3 PU-based - Market size and forecast 2021-2026
• Exhibit 54: Chart on PU-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on PU-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on PU-based - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on PU-based - Year-over-year growth 2021-2026 (%)

• 6.4 PVC-based - Market size and forecast 2021-2026
• Exhibit 58: Chart on PVC-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on PVC-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on PVC-based - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on PVC-based - Year-over-year growth 2021-2026 (%)

• 6.5 Bio-based - Market size and forecast 2021-2026
• Exhibit 62: Chart on Bio-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Bio-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Bio-based - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Bio-based - Year-over-year growth 2021-2026 (%)

• 6.6 Market opportunity by Product 
• Exhibit 66: Market opportunity by Product ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 68: Chart on Market share by geography 2021-2026 (%)
• Exhibit 69: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 70: Chart on Geographic comparison
• Exhibit 71: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026
• Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 North America - Market size and forecast 2021-2026
• Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.5 Europe - Market size and forecast 2021-2026
• Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 88: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 China - Market size and forecast 2021-2026
• Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.9 US - Market size and forecast 2021-2026
• Exhibit 96: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.10 Japan - Market size and forecast 2021-2026
• Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.11 India - Market size and forecast 2021-2026
• Exhibit 104: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 105: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 106: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 107: Data Table on India - Year-over-year growth 2021-2026 (%)

• 8.12 Germany - Market size and forecast 2021-2026
• Exhibit 108: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 109: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 110: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 111: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.13 France - Market size and forecast 2021-2026
• Exhibit 112: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 113: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 114: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 115: Data Table on France - Year-over-year growth 2021-2026 (%)

• 8.14 Market opportunity by geography 
• Exhibit 116: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 120: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 121: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 11.3 Air Water Inc. 
• Exhibit 123: Air Water Inc. - Overview
• Exhibit 124: Air Water Inc. - Business segments
• Exhibit 125: Air Water Inc. - Key offerings
• Exhibit 126: Air Water Inc. - Segment focus

• 11.4 Asahi Kasei Corp. 
• Exhibit 127: Asahi Kasei Corp. - Overview
• Exhibit 128: Asahi Kasei Corp. - Business segments
• Exhibit 129: Asahi Kasei Corp. - Key news
• Exhibit 130: Asahi Kasei Corp. - Key offerings
• Exhibit 131: Asahi Kasei Corp. - Segment focus

• 11.5 Kolon Industries Inc. 
• Exhibit 132: Kolon Industries Inc. - Overview
• Exhibit 133: Kolon Industries Inc. - Product / Service
• Exhibit 134: Kolon Industries Inc. - Key offerings

• 11.6 Kuraray Co Ltd 
• Exhibit 135: Kuraray Co Ltd - Overview
• Exhibit 136: Kuraray Co Ltd - Business segments
• Exhibit 137: Kuraray Co Ltd - Key offerings
• Exhibit 138: Kuraray Co Ltd - Segment focus

• 11.7 Mayur Uniquoters Ltd. 
• Exhibit 139: Mayur Uniquoters Ltd. - Overview
• Exhibit 140: Mayur Uniquoters Ltd. - Product / Service
• Exhibit 141: Mayur Uniquoters Ltd. - Key offerings

• 11.8 Nan Ya Plastic Corp 
• Exhibit 142: Nan Ya Plastic Corp - Overview
• Exhibit 143: Nan Ya Plastic Corp - Business segments
• Exhibit 144: Nan Ya Plastic Corp - Key offerings
• Exhibit 145: Nan Ya Plastic Corp - Segment focus

• 11.9 San Fang Chemical Industrial Co. Ltd. 
• Exhibit 146: San Fang Chemical Industrial Co. Ltd. - Overview
• Exhibit 147: San Fang Chemical Industrial Co. Ltd. - Product / Service
• Exhibit 148: San Fang Chemical Industrial Co. Ltd. - Key offerings

• 11.10 Teijin Ltd. 
• Exhibit 149: Teijin Ltd. - Overview
• Exhibit 150: Teijin Ltd. - Business segments
• Exhibit 151: Teijin Ltd. - Key offerings
• Exhibit 152: Teijin Ltd. - Segment focus

• 11.11 Toray Industries Inc. 
• Exhibit 153: Toray Industries Inc. - Overview
• Exhibit 154: Toray Industries Inc. - Business segments
• Exhibit 155: Toray Industries Inc. - Key news
• Exhibit 156: Toray Industries Inc. - Key offerings
• Exhibit 157: Toray Industries Inc. - Segment focus

• 11.12 Vortex Flex Pvt. Ltd 
• Exhibit 158: Vortex Flex Pvt. Ltd - Overview
• Exhibit 159: Vortex Flex Pvt. Ltd - Product / Service
• Exhibit 160: Vortex Flex Pvt. Ltd - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 12.5 List of abbreviations 
• Exhibit 167: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
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