Artificial Leather Highlights

The artificial leather market witnessed a potential growth owing to growing environmental concern regarding killing of animals which led to development of artificial leather across end user industries. Artificial leather is durable, cost effective and stain resistance which makes it more attractive then real leather. Growing fashion industry along with changing taste of people has shifted the demand for artificial leather across the industry. Wide variety of goods are produced from artificial leather. They are luggage, wallets, bags, jackets, car interiors, mobile cases and covers, sofas etc. Thus, growing application has boosted the demand for artificial leather market.

Key Players of Global Artificial Leather

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Artificial Leather market: Filwel Co. Ltd (Japan), H.R.Polycoats Pvt. Ltd (India), Alfatex ITALIA (Italy), Mayur Uniquoters Ltd. (India), San Fang Chemical industry Co. Ltd (Taiwan), Kuraray Co. Ltd. (Japan), Teijin Limited (Japan), Asahi Kasei Corporation (Japan), Huafon Group (Japan), Toray Industries (Japan) and others.

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Strategic market of Global Artificial Leather market is expected to grow at ~7.9% CAGR during 2016-2022

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Artificial Leather market size is expected to grow at ~38.2 billion by 2022.

Product Segment Analysis

Artificial leather is available mainly in two forms polyurethane (PU) and polyvinyl chloride (PVC). PU based artificial leather is leading segment over the forecasted period 2016-2022. Pleather is low cost artificial material made from plastic materials which are lighter in weight. Both PU based and PVC based artificial leather comes under pleather. PU based artificial leather is easier to clean and environment friendly compared to PVC based artificial coating, as it does not create dioxins. It offers advantages such as waterproof, lighter and softer compared to real leather and higher tensile strength. Thus, the material is widely used in automobile and clothing industries. Further PVC is made up of additional plasticizers and dyed to PVC so that fabric is made softer. It is extensively used to make items with low stress tolerance. Thus, PU based artificial leather is more expensive than PVC based artificial leather. This can restrain the market growth of artificial leather in coming years.

End User Industry Analysis

According to end user industry, artificial leather is segmented into automotive, furnishing, footwear, clothing, others. Footwear segment is largest end user industry of artificial leather. This is attributed to growing need of footwear according to changing climatic conditions. As artificial leather is dyed in such a way that it looks similar to real leather, it has substituted genuine leather in clothing and furnishing industries. PU based artificial leather possess strong stress tolerance which makes it viable to use in boots, shoes bags, luggage, gloves and other consumer goods. Thus, drive the artificial leather market in footwear and clothing industry. Growing concern of lightweight leather in automotive sector is anticipated drive the artificial leather over the forecasted horizon. Changing lifestyle of people according to region has also boosted the demand for artificial leather in furnishing and automobile industry.

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Regional Insights

The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Artificial Leather market is largest market owing to robust industry growth of end user industry in China and India. Rapid industrializations, favorable government regulations and increase in per captia income will significantly grow the artificial leather market in emerging economies such as China, India and Japan. Rise in population leads to increase in demand for footwear, automobile, clothing etc. Thus, developing regions witnessed a high growth in artificial leather market.

The growing automotive and footwear industry in European market is anticipated to drive the demand of artificial leather. Regulations regarding animal welfare is driving the demand for artificial leather across various regions. North America witnessed a positive growth in artificial leather market owing to presence of international fashion brands across the region.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Artificial Leather Market

5 Industry Overview Of Global Artificial Leather Market