Market by Type, End-use, and Country Outlook | Forecast 2023-2030
As per Triton’s research report, the North America synthetic leather market is set to witness growth at a CAGR of 7.83% in revenue and 7.64% in volume during the forecasting phase 2023-2030.
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The
countries explored in the region are:
•       Â
United States
•       Â
Canada
The
United States captures the highest shares in the region. The region’s growth is mainly on account of
rising animal safety concerns and growing demand for leather-based products.
Several consumers are opting for formal footwear, which has increased the
adoption of synthetic leather. Further, vegan fashion has gained traction in
the region, creating a high demand for premium artificial leather products.
This has ultimately led to the R&D of synthetic leather, appealing to
manufacturers due to the lower cost of production. Therefore, such factors are
responsible for the robust growth of the studied market.
In recent years, the adoption of synthetic
leather has soared in the US. This is mainly a result of the demand for leather
for vehicle upholstery. Over the forecast period, actions undertaken to enhance
the supply chain are expected to have a positive impact on the synthetic
leather market. Apart from this, the expansion of the automotive sector on
account of growing sales is set to elevate the adoption of artificial leather
for knob covers, roof lining, front dashboards, hoods, etc.
Considering Canada, the original leather sector
is witnessing a significant decline owing to the rising campaigns by animal
rights organizations. Earlier, the nation imported leather from several Asian
countries. However, the government imposed stringent laws to control the sale
of leather products in response to control animal cruelty. In this regard,
synthetic leather has emerged as an ideal solution for various end-user
industries, including clothing, furniture, and automotive.
Polyurethane leather is synthetic leather that
is manufactured using various raw materials, including fabric, adhesives,
colorants, crosslinking agents, and viscosity regulators. It has various
benefits compared to real leather, such as being simple to dry clean,
waterproof, and less resistant to sunlight. It is widely opted for automotive
applications. The market is segmented
into type and end-use. The type section is branched into polyurethane,
polyvinyl chloride, and bio-based.
The
notable companies in the market include Achilles USA Inc, BASF SE, HR Polycoats
Pvt Ltd, and Nan Ya Plastics Corporation Inc.
Achilles USA Inc is involved in plastic film
manufacturing. It offers synthetic leather, rubberized fabrics, antistatic
products, and plastic films, among others. The company provides its products to
automotive, graphics, medical, semiconductor, and specialty industries
worldwide. Achilles has operations across the world, with headquarters in
Washington, the United States.
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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 North America 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 NA
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. NORTH
AMERICA 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. NORTH
AMERICA SYNTHETIC LEATHER MARKET OUTLOOK - BY TYPE
3.1. POLYURETHANE
(PU)
3.2. POLYVINYL
CHLORIDE (PVC)
3.3. BIO-BASED
4. NORTH
AMERICA 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. NORTH
AMERICA SYNTHETIC LEATHER MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. UNITED
STATES
5.1.1.1. UNITED
STATES SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.2. CANADA
5.1.2.1. CANADA
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: NORTH AMERICA SYNTHETIC
LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: NORTH AMERICA
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: NORTH AMERICA
SYNTHETIC LEATHER MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 9: NORTH AMERICA
SYNTHETIC LEATHER MARKET, BY TYPE, 2023-2030 (IN MILLION METERS)
TABLE 10: NORTH AMERICA
SYNTHETIC LEATHER MARKET, BY END-USE, 2023-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA
SYNTHETIC LEATHER MARKET, BY END-USE, 2023-2030 (IN MILLION METERS)
TABLE 12: NORTH AMERICA
SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 13: NORTH
AMERICA 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: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE
6: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY POLYURETHANE (PU), 2023-2030 (IN
$ MILLION)
FIGURE
7: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY POLYVINYL CHLORIDE (PVC),
2023-2030 (IN $ MILLION)
FIGURE
8: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY BIO-BASED, 2023-2030 (IN $
MILLION)
FIGURE
9: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY END-USE, 2022 & 2030 (IN %)
FIGURE
10: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY FOOTWEAR, 2023-2030 (IN $
MILLION)
FIGURE
11: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY AUTOMOTIVE, 2023-2030 (IN $
MILLION)
FIGURE
12: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY FURNISHING, 2023-2030 (IN $
MILLION)
FIGURE
13: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY CLOTHING, 2023-2030 (IN $
MILLION)
FIGURE
14: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY BAGS & WALLETS, 2023-2030
(IN $ MILLION)
FIGURE
15: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY OTHER END-USES, 2023-2030 (IN $
MILLION)
FIGURE
16: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2022 & 2030
(IN %)
FIGURE
17: UNITED STATES SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
18: CANADA SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
19: BASF SE - COMPANY NET REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
20: BASF SE - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
21: BASF SE - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
22: BASF SE- COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
23: NAN YA PLASTICS CORPORATION - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
24: NAN YA PLASTICS CORPORATION - COMPANY NET INCOME IN 2017-2021 (IN $
MILLION)
FIGURE
25: NAN YA PLASTICS CORPORATION - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
26: NAN YA PLASTICS CORPORATION - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
27: TORAY INDUSTRIES INC - COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)
FIGURE
28: TORAY INDUSTRIES INC - COMPANY NET INCOME, IN 2017-2021 (IN $ MILLION)
FIGURE
29: TORAY INDUSTRIES INC - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
30: TORAY INDUSTRIES INC - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
31: TEIJIN LIMITED - COMPANY REVENUE IN 2017-2021 (IN $ BILLION)
FIGURE
32: TEIJIN LIMITED - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
33: TEIJIN LIMITED - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
34: TEIJIN LIMITED - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
35: MAYUR UNIQUOTERS LIMITED - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
36: MAYUR UNIQUOTERS LIMITED - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
37: MAYUR UNIQUOTERS LIMITED - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
38: SAN FANG CHEMICAL INDUSTRY CO LTD - COMPANY REVENUE IN 2017-2021 (IN $
MILLION)
FIGURE
39: SAN FANG CHEMICAL INDUSTRY CO LTD - COMPANY NET INCOME IN 2017-2021 (IN $
MILLION)
FIGURE
40: KURARAY CO LTD - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
41: KURARAY CO LTD - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
42: KURARAY CO LTD - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)