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Global Synthetic Leather (Artificial Leather) Market: Expect to Reach US$ 7177 MILLION by 2026 by Industry Experts

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Global Synthetic Leather (Artificial Leather) Market: Expect to Reach US$ 7177 MILLION by 2026 by Industry Experts

August 24
08:31 2021
Global Synthetic Leather (Artificial Leather) Market: Expect to Reach US$ 7177 MILLION by 2026 by Industry Experts
Top 5 manufacturers accounted for 32.57% of global revenue for Synthetic Leather (Artificial Leather) Market in 2018
The global Synthetic Leather (Artificial Leather) market was valued at US$ 5606 million in 2019 and it is expected to reach US$ 7177 million by the end of 2026, growing at a CAGR of 3.5% during 2021-2026.

Key Companies included in Synthetic Leather (Artificial Leather) market report are Kuraray, Toray, Teijin, Bayer, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon, San Fang Chemical, Nanya, Wenzhou Imitation Leather, Anhui Anli, Fujian Tianshou, Shandong Jinfeng, Yantai Wanhua, Shandong Tongda, Jiaxing Hexin, Xiefu new materials, Huafeng Group, Wenzhou Huanghe, Meisheng Industrial, Xiamen Hongxin, Fujian Huayang, Sanling, Hongdeli and more in terms of company basic information, product portfolio, Production, Revenue, Price, Gross Margin (2016-2021) & Recent Developments/Updates.

Find more details about this report at: https://www.themarketreports.com/report/global-synthetic-leather-artificial-leather-market-research-report

(Impact of COVID-19 is covered in this report)

The global Synthetic Leather (Artificial Leather) market was valued at US$ 5606 million in 2019 and it is expected to reach US$ 7177 million by the end of 2026, growing at a CAGR of 3.5% during 2021-2026.

Synthetic Leather is a manmade fabric that looks like leather. It has leather like surface and is dyed and treated to make it have the look and feel of real leather. It is often used as a substitute for real leather because it is less expensive and it does not require using a real animal hide to create.
The market for synthetic leather (synthetic leather) is very fragmented. The main suppliers are Toray, Bayer, Kuraray, medium Imitation Leather, Anhui Anli, Jiaxing Hexin, Duksung, Teijin, Filwel and Shandong Jinfeng, Fujian Tianshou, Daewon Chemical, Huafeng Group, Nanya, San Fang Chemical and Asahi Kasei. Together, the Top 5 manufacturers accounted for 32.57% of global revenue in 2018.

The Synthetic Leather (Artificial Leather) market research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. By Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • PVC
  • Normal PU
  • Microfiber PU
  • Ecological function PU

Normal PU type occupies the largest revenue share of 46.30% in 2018, and Microfiber PU type is the fastest growing segment.

 

Segment by Application

  • Apparel & Accessories
  • Furnishing
  • Automotive
  • Sports Goods
  • Others

Synthetic Leather (Artificial Leather) is widely used in Apparel & Accessories. The sales share of the segment reached about 50.00% in 2018.

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