Market by Type, End-use, and Country Outlook | Forecast 2023-2030
As per Triton’s research report, the synthetic leather market in Asia-Pacific is estimated to advance with a CAGR of 7.61% in revenue and 7.37% in volume during the forecast period 2023-2030.
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The
countries explored in the studied region include:
•       Â
China
•       Â
Japan
•       Â
South Korea
•       Â
India
•       Â
ASEAN Countries
•       Â
Australia & New Zealand
•       Â
Rest of Asia-Pacific
China,
in terms of revenue, leads in the synthetic leather market with a majority of
shares. The region’s
growth is mainly on account of expanding production capacities by prominent
players. The large labor base at low cost and availability of land has
influenced international players to establish a base in the region. Moreover,
the expansion of industries like apparel, footwear, and automotive has
increased the adoption of artificial leather. Therefore, as stated above, these
factors drive the overall growth of the synthetic leather market.
Improving the housing sector has influenced
consumers to spend significantly on furnishings in China. Moreover, the rising
disposable income has increased the frequency at which consumers are replacing
furniture. Another trend is the growing demand for footwear, particularly
boots, which have increased the demand for synthetic leather. Estimates
indicate China to be among the major exporters of footwear, with the men's
formal shoe segment growing at a rapid pace. Such trends are widening the scope
and growth of the market across the country.
In the case of Japan, there is a high demand for
synthetic leather from the automotive industry. In this regard, this material
is widely used for seat upholstery, door trims, steering wheel covers, and roof
lining, among others. Its high elasticity and resistance to extreme temperatures
and stains make it a preferred option among automakers. Hence, the expansion of
the automotive industry created lucrative opportunities for the synthetic
leather market.
Bio-based leather is produced with substantially
less natural resource consumption while maintaining ecological sustainability.
Several fashion houses in recent years have opted for plant sources to create
bags, wallets, belts, and other accessories. The two examples of sustainable
bio-based ingredients to produce this leather type are cellulose and vegetable
oil. The market’s growth is assessed
based on type and end-use. Based on type, it is trifurcated into bio-based,
polyvinyl chloride (PVC), and polyurethane (PU).
The
prominent companies in the market consist of Teijin Limited, BASF SE, Toray
Industries Inc, and HR Polycoats Pvt Ltd.
Teijin Limited is a Japanese synthetic fiber
manufacturer operating through 150 subsidiaries globally. The company offers
services across multiple industries, including safety and protection, environment,
healthcare, energy, and electronics. Its business segments include materials
and healthcare, providing advanced fibers, electronics materials, etc. Teijin
has operations across various countries, with headquarters in Tokyo, Japan.
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Key deliverables of the report:
â—ŹÂ Â Â Â Â Market CAGR during the forecasting years 2023-2030
â—ŹÂ Â Â Â Â Detailed data highlighting key insights, industry components, and market strategies
â—ŹÂ Â Â Â Â Comprehensive information and estimation of the synthetic leather market revenue growth in the Asia-Pacific and its influence on the parent market
â—ŹÂ Â Â Â Â In-depth study of forthcoming trends in consumer behavioral patterns
●     A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
â—ŹÂ Â Â Â Â
A wide-ranging study of factors that will challenge the APAC
synthetic leather market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.Â
Market Segmented By Type, Appl ..
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VIEW REPORT1. ASIA-PACIFIC
SYNTHETIC LEATHER MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PARENT
MARKET OVERVIEW
2.2. MANUFACTURING
PROCESS OVERVIEW
2.3. IMPACT
ANALYSIS ON THE SYNTHETIC LEATHER MARKET
2.3.1. COVID-19
IMPACT ON THE SYNTHETIC LEATHER MARKET
2.4. KEY
INSIGHTS
2.4.1. RISING
DEMAND FROM VARIOUS END-USE INDUSTRIES
2.4.2. NOVEL
USES FOR SYNTHETIC LEATHER
2.5. PORTER’S
FIVE FORCES ANALYSIS
2.5.1. THREAT
OF NEW ENTRANTS
2.5.2. THREAT
OF SUBSTITUTES
2.5.3. BARGAINING
POWER OF BUYERS
2.5.4. BARGAINING
POWER OF SUPPLIERS
2.5.5. THREAT
OF COMPETITIVE RIVALRY
2.6. MARKET
MATURITY ANALYSIS
2.7. INDUSTRY
COMPONENTS
2.7.1. RAW
MATERIAL SUPPLIERS
2.7.2. MANUFACTURERS
2.7.3. DISTRIBUTORS
2.7.4. END-USERS
2.8. KEY
BUYING IMPACT ANALYSIS
2.8.1. COST
2.8.2. DURABILITY
2.8.3. RAW
MATERIAL
2.9. REGULATORY
FRAMEWORK
2.10. KEY
MARKET STRATEGIES
2.10.1. PRODUCT
LAUNCHES
2.10.2. COLLABORATIONS
2.10.3. BUSINESS
EXPANSIONS & DIVESTITURES
2.10.4. ACQUISITIONS
2.11. MARKET
DRIVERS
2.11.1. AFFORDABLE
ALTERNATIVE TO REAL LEATHER
2.11.2. SHIFT
TOWARD ANIMAL-FREE AND SUSTAINABLE PRODUCTS
2.12. MARKET
CHALLENGES
2.12.1. DIFFERENT
CHARACTERISTICS OF SYNTHETIC LEATHER COMPARED TO REAL LEATHER
2.12.2. PROCESSING
CONCERNS REGARDING POLYURETHANE (PU) AND POLYVINYL CHLORIDE (PVC)
2.13. MARKET
OPPORTUNITY
2.13.1. POPULAR
DEMAND FOR BIO-BASED SYNTHETIC LEATHER
2.14. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
SYNTHETIC LEATHER MARKET OUTLOOK - BY TYPE
3.1. POLYURETHANE
(PU)
3.2. POLYVINYL
CHLORIDE (PVC)
3.3. BIO-BASED
4. ASIA-PACIFIC
SYNTHETIC LEATHER MARKET OUTLOOK - BY END-USE
4.1. FOOTWEAR
4.2. AUTOMOTIVE
4.3. FURNISHING
4.4. CLOTHING
4.5. BAGS
& WALLETS
4.6. OTHER
END-USES
5. ASIA-PACIFIC
SYNTHETIC LEATHER MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. CHINA
5.1.1.1. CHINA
SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.2. JAPAN
5.1.2.1. JAPAN
SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.3. INDIA
5.1.3.1. INDIA
SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.4. SOUTH
KOREA
5.1.4.1. SOUTH
KOREA SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.5. ASEAN
COUNTRIES
5.1.5.1. ASEAN
COUNTRIES SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.6. AUSTRALIA
& NEW ZEALAND
5.1.6.1. AUSTRALIA
& NEW ZEALAND SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.7. REST
OF ASIA-PACIFIC
5.1.7.1. REST
OF ASIA-PACIFIC SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. BASF
SE
6.1.1. OVERVIEW
6.1.2. FINANCIAL
OVERVIEW
6.1.3. PRODUCT
PORTFOLIO
6.1.4. KEY
STRENGTHS
6.1.5. KEY
CHALLENGES
6.2. HR
POLYCOATS PVT LTD
6.2.1. OVERVIEW
6.2.2. FINANCIAL
OVERVIEW
6.2.3. PRODUCT
PORTFOLIO
6.2.4. KEY
STRENGTHS
6.2.5. KEY
CHALLENGES
6.3. NAN YA
PLASTICS CORPORATION INC
6.3.1. OVERVIEW
6.3.2. FINANCIAL
OVERVIEW
6.3.3. PRODUCT
PORTFOLIO
6.3.4. KEY
STRENGTHS
6.3.5. KEY
CHALLENGES
6.4. ACHILLES
USA INC
6.4.1. OVERVIEW
6.4.2. FINANCIAL
OVERVIEW
6.4.3. PRODUCT
PORTFOLIO
6.4.4. KEY
STRENGTHS
6.4.5. KEY
CHALLENGES
6.5. TORAY
INDUSTRIES INC
6.5.1. OVERVIEW
6.5.2. FINANCIAL
OVERVIEW
6.5.3. PRODUCT
PORTFOLIO
6.5.4. KEY
STRENGTHS
6.5.5. KEY CHALLENGES
6.6. ALFATEX
ITALIA SRL
6.6.1. OVERVIEW
6.6.2. FINANCIAL
OVERVIEW
6.6.3. PRODUCT
PORTFOLIO
6.6.4. KEY
STRENGTHS
6.6.5. KEY
CHALLENGES
6.7. TEIJIN
LIMITED
6.7.1. OVERVIEW
6.7.2. FINANCIAL
OVERVIEW
6.7.3. PRODUCT
PORTFOLIO
6.7.4. KEY
STRENGTHS
6.7.5. KEY
CHALLENGES
6.8. MAYUR
UNIQUOTERS LIMITED
6.8.1. OVERVIEW
6.8.2. FINANCIAL
OVERVIEW
6.8.3. PRODUCT
PORTFOLIO
6.8.4. KEY
STRENGTHS
6.8.5. KEY
CHALLENGES
6.9. SAN
FANG CHEMICAL INDUSTRY CO LTD
6.9.1. OVERVIEW
6.9.2. FINANCIAL
OVERVIEW
6.9.3. PRODUCT
PORTFOLIO
6.9.4. KEY
STRENGTHS
6.9.5. KEY
CHALLENGES
6.10. KURARAY
CO LTD
6.10.1. OVERVIEW
6.10.2. FINANCIAL
OVERVIEW
6.10.3. PRODUCT
PORTFOLIO
6.10.4. KEY
STRENGTHS
6.10.5. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN MILLION METERS)
TABLE 3: COUNTRY-WISE
REGULATORY FRAMEWORK FOR SYNTHETIC LEATHER
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF
COLLABORATIONS
TABLE 6: LIST OF BUSINESS
EXPANSIONS & DIVESTITURES
TABLE 7: LIST OF ACQUISITIONS
TABLE 8: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY TYPE, 2023-2030 (IN MILLION METERS)
TABLE 10: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY END-USE, 2023-2030 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY END-USE, 2023-2030 (IN MILLION METERS)
TABLE 12: ASIA-PACIFIC
SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 13:
ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN
MILLION METERS)
FIGURE
1: MANUFACTURING PROCESS OVERVIEW
FIGURE
2: MARKET MATURITY ANALYSIS
FIGURE
3: INDUSTRY COMPONENTS
FIGURE
4: KEY BUYING IMPACT ANALYSIS
FIGURE
5: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE
6: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY POLYURETHANE (PU), 2023-2030 (IN $
MILLION)
FIGURE
7: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY POLYVINYL CHLORIDE (PVC),
2023-2030 (IN $ MILLION)
FIGURE
8: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY BIO-BASED, 2023-2030 (IN $
MILLION)
FIGURE
9: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY END-USE, 2022 & 2030 (IN %)
FIGURE
10: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY FOOTWEAR, 2023-2030 (IN $
MILLION)
FIGURE
11: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY AUTOMOTIVE, 2023-2030 (IN $
MILLION)
FIGURE
12: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY FURNISHING, 2023-2030 (IN $
MILLION)
FIGURE
13: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY CLOTHING, 2023-2030 (IN $
MILLION)
FIGURE
14: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY BAGS & WALLETS, 2023-2030 (IN
$ MILLION)
FIGURE
15: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY OTHER END-USES, 2023-2030 (IN $
MILLION)
FIGURE
16: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2022 & 2030
(IN %)
FIGURE
17: CHINA SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
18: JAPAN SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
19: INDIA SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
20: SOUTH KOREA SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
21: ASEAN COUNTRIES SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
22: AUSTRALIA & NEW ZEALAND SYNTHETIC LEATHER MARKET 2023-2030 (IN $
MILLION)
FIGURE
23: REST OF ASIA-PACIFIC SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
24: BASF SE - COMPANY NET REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
25: BASF SE - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
26: BASF SE - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
27: BASF SE - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
28: NAN YA PLASTICS CORPORATION - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
29: NAN YA PLASTICS CORPORATION - COMPANY NET INCOME IN 2017-2021 (IN $
MILLION)
FIGURE
30: NAN YA PLASTICS CORPORATION - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
31: NAN YA PLASTICS CORPORATION - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
32: TORAY INDUSTRIES INC - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
33: TORAY INDUSTRIES INC - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
34: TORAY INDUSTRIES INC - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
35: TORAY INDUSTRIES INC - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
36: TEIJIN LIMITED - COMPANY REVENUE IN 2017-2021 (IN $ BILLION)
FIGURE
37: TEIJIN LIMITED - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
38: TEIJIN LIMITED - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
39: TEIJIN LIMITED - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
40: MAYUR UNIQUOTERS LIMITED - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
41: MAYUR UNIQUOTERS LIMITED - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
42: MAYUR UNIQUOTERS LIMITED - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
43: SAN FANG CHEMICAL INDUSTRY CO LTD - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
44: SAN FANG CHEMICAL INDUSTRY CO LTD - COMPANY NET INCOME IN 2017-2021 (IN $
MILLION)
FIGURE
45: KURARAY CO LTD - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
46: KURARAY CO LTD - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
47: KURARAY CO LTD - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)