KEY FINDINGS
The North America synthetic leather market is set to project a 7.46% CAGR and 7.27% CAGR in revenue and volume, respectively, during the estimation period, 2023-2032. Innovations in the bio-based leather industry, increasing concerns from animal rights groups, and the growing number of working professionals propel market growth in the region.
MARKET INSIGHTS
The North America synthetic leather market growth assessment includes an analysis of the United States and Canada. The Canadian genuine leather sector is suffering due to the increased campaigns and public awareness raised by various animal rights organizations. Canada used to import leather from Asia, specifically from India. However, the government placed strict laws and controls on the use of leather products in response to the escalating animal cruelty. Thus, synthetic leather was added to fill the gap between supply and demand.
Furthermore, automobile production is one of the crucial industries in Canada. The nation has a well-established research and development and manufacturing infrastructure for the automobile industry. Also, Canada's textile and apparel market is anticipated to be driven by favorable demographics, an increase in per capita income, and consumer preference for branded goods. Therefore, the synthetic leather market is expanding due to the expansion of Canada's automotive, textile, and garment industries.
COMPETITIVE INSIGHTS
Major players operating in the market include Kuraray Co Ltd, Achilles USA Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
North America Synthetic Leather Market Forecast 2023-2032
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Methodology
1.3. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
2.3. Scope Of Study
2.4. Crisis Scenario Analysis
2.5. Major Market Findings
2.5.1. Adoption Of Vegan-Based Leather Across The Fashion Industry
2.5.2. Surging Use Of Synthetic Leather By Automotive Giants
2.5.3. Myth That Synthetic Leather Is More Eco-Friendly Than Real Leather
3. Market Dynamics
3.1. Key Drivers
3.1.1. Increase In Demand From Various End Use Industries
3.1.2. Tectonic Shift Toward The Adoption Of Animal-Free And Sustainable Products
3.1.3. Cheaper And More Affordable Alternative To Natural Leather
3.2. Key Restraints
3.2.1. Concerns Regarding The Use Of Pvc And Pu
3.2.2. Fundamental Differences From Natural Counterparts
4. Key Analytics
4.1. Parent Market Analysis
4.2. Manufacturing Technology Snapshot
4.2.1. Wet Process
4.2.2. Transfer Coating Technology
4.3. Key Market Trends
4.4. Porter's Five Forces Analysis
4.4.1. Buyers Power
4.4.2. Suppliers Power
4.4.3. Substitution
4.4.4. New Entrants
4.4.5. Industry Rivalry
4.5. Growth Prospect Mapping
4.5.1. Growth Prospect Mapping For United States
4.6. Market Maturity Analysis
4.7. Market Concentration Analysis
4.8. Value Chain Analysis
4.8.1. Raw Material Suppliers
4.8.2. Manufacturers
4.8.3. Distributors
4.8.4. End Use
4.9. Key Buying Criteria
4.9.1. Raw Material
4.9.2. Durability
4.9.3. Cost
5. Market By Product
5.1. Polyurethane (Pu)
5.1.1. Market Forecast Figure
5.1.2. Segment Analysis
5.2. Polyvinyl Chloride (Pvc)
5.2.1. Market Forecast Figure
5.2.2. Segment Analysis
5.3. Bio-Based
5.3.1. Market Forecast Figure
5.3.2. Segment Analysis
6. Market By Application
6.1. Footwear
6.1.1. Market Forecast Figure
6.1.2. Segment Analysis
6.2. Automotive
6.2.1. Market Forecast Figure
6.2.2. Segment Analysis
6.3. Furnishing
6.3.1. Market Forecast Figure
6.3.2. Segment Analysis
6.4. Clothing
6.4.1. Market Forecast Figure
6.4.2. Segment Analysis
6.5. Bags & Wallets
6.5.1. Market Forecast Figure
6.5.2. Segment Analysis
6.6. Other Applications
6.6.1. Market Forecast Figure
6.6.2. Segment Analysis
7. Geographical Analysis
7.1. North America
7.1.1. Market Size & Estimates
7.1.2. North America Synthetic Leather Market Drivers
7.1.3. North America Synthetic Leather Market Challenges
7.1.4. North America Synthetic Leather Market Regulatory Framework
7.1.5. Key Players
7.1.6. Country Analysis
7.1.6.1. United States
7.1.6.1.1. United States Synthetic Leather Market Size & Opportunities
7.1.6.2. Canada
7.1.6.2.1. Canada Synthetic Leather Market Size & Opportunities
8. Competitive Landscape
8.1. Key Strategic Developments
8.1.1. Acquisitions
8.1.2. Product Launches & Developments
8.1.3. Partnerships & Agreements
8.1.4. Business Divestitures & Expansions
8.2. Company Profiles
8.2.1. Achilles Usa Inc
8.2.1.1. Company Overview
8.2.1.2. Financial Analysis
8.2.1.3. Products
8.2.1.4. Strengths & Challenges
8.2.2. Alfatex Italia Srl
8.2.2.1. Company Overview
8.2.2.2. Financial Analysis
8.2.2.3. Products
8.2.2.4. Strengths & Challenges
8.2.3. Basf Se
8.2.3.1. Company Overview
8.2.3.2. Financial Analysis
8.2.3.3. Products
8.2.3.4. Strengths & Challenges
8.2.4. Filwel Co Ltd
8.2.4.1. Company Overview
8.2.4.2. Products
8.2.5. Hr Polycoats Pvt Ltd
8.2.5.1. Company Overview
8.2.5.2. Financial Analysis
8.2.5.3. Products
8.2.5.4. Strengths & Challenges
8.2.6. Kuraray Co Ltd
8.2.6.1. Company Overview
8.2.6.2. Financial Analysis
8.2.6.3. Products
8.2.6.4. Strengths & Challenges
8.2.7. Mayur Uniquoters Limited
8.2.7.1. Company Overview
8.2.7.2. Financial Analysis
8.2.7.3. Products
8.2.7.4. Strengths & Challenges
8.2.8. Nan Ya Plastics Corporation Inc
8.2.8.1. Company Overview
8.2.8.2. Financial Analysis
8.2.8.3. Products
8.2.8.4. Strengths & Challenges
8.2.9. San Fang Chemical Industry Co Ltd
8.2.9.1. Company Overview
8.2.9.2. Financial Analysis
8.2.9.3. Products
8.2.9.4. Strengths & Challenges
8.2.10. Taiwan Pu Corporation
8.2.10.1. Company Overview
8.2.10.2. Products
8.2.11. Tejin Limited
8.2.11.1. Company Overview
8.2.11.2. Financial Analysis
8.2.11.3. Products
8.2.11.4. Strengths & Challenges
8.2.12. Toray Industries Inc
8.2.12.1. Company Overview
8.2.12.2. Financial Analysis
8.2.12.3. Products
8.2.12.4. Strengths & Challenges
8.2.13. Winner Nippon Leatherette Pvt Ltd
8.2.13.1. Company Overview
8.2.13.2. Products
8.2.14. Yantai Wanhua Synthetic Leather Group Co Ltd
8.2.14.1. Company Overview
8.2.14.2. Products
8.2.15. Zhejiang Hexin Holdings Co Ltd
8.2.15.1. Company Overview
8.2.15.2. Products
List Of Tables
Table 1: Market Snapshot - Synthetic Leather
Table 2: North America Synthetic Leather Market, By Product, Historical Years, 2018-2021 (In $ Million)
Table 3: North America Synthetic Leather Market, By Product, Forecast Years, 2023-2032 (In $ Million)
Table 4: North America Synthetic Leather Market, By Product, Historical Years, 2018-2021 (In Million Meters)
Table 5: North America Synthetic Leather Market, By Product, Forecast Years, 2023-2032 (In Million Meters)
Table 6: North America Synthetic Leather Market, By Application, Historical Years, 2018-2021 (In $ Million)
Table 7: North America Synthetic Leather Market, By Application, Forecast Years, 2023-2032 (In $ Million)
Table 8: North America Synthetic Leather Market, By Application, Historical Years, 2018-2021 (In Million Meters)
Table 9: North America Synthetic Leather Market, By Application, Forecast Years, 2023-2032 (In Million Meters)
Table 10: North America Synthetic Leather Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 11: North America Synthetic Leather Market, By Country, Forecast Years, 2023-2032 (In $ Million)
Table 12: North America Synthetic Leather Market, By Country, Historical Years, 2018-2021 (In Million Meters)
Table 13: North America Synthetic Leather Market, By Country, Forecast Years, 2023-2032 (In Million Meters)
Table 14: North America Synthetic Leather Market Regulatory Framework
Table 15: Leading Players Operating In North America Synthetic Leather Market
Table 16: List Of Acquisitions
Table 17: List Of Product Launches & Developments
Table 18: List Of Partnerships & Agreements
Table 19: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Manufacturing Technology Snapshot
Figure 2: Key Market Trends
Figure 3: Porter's Five Forces Analysis
Figure 4: Growth Prospect Mapping For United States
Figure 5: Market Maturity Analysis
Figure 6: Market Concentration Analysis
Figure 7: Value Chain Analysis
Figure 8: Key Buying Criteria
Figure 9: North America Synthetic Leather Market, Growth Potential, By Product, By Revenue, In 2022
Figure 10: North America Synthetic Leather Market, By Polyurethane (Pu), 2023-2032 (In $ Million)
Figure 11: North America Synthetic Leather Market, By Polyvinyl Chloride (Pvc), 2023-2032 (In $ Million)
Figure 12: North America Synthetic Leather Market, By Bio-Based, 2023-2032 (In $ Million)
Figure 13: North America Synthetic Leather Market, Growth Potential, By Application, In 2022
Figure 14: North America Synthetic Leather Market, By Footwear, 2023-2032 (In $ Million)
Figure 15: North America Synthetic Leather Market, By Automotive, 2023-2032 (In $ Million)
Figure 16: North America Synthetic Leather Market, By Furnishing, 2023-2032 (In $ Million)
Figure 17: North America Synthetic Leather Market, By Clothing, 2023-2032 (In $ Million)
Figure 18: North America Synthetic Leather Market, By Bags & Wallets, 2023-2032 (In $ Million)
Figure 19: North America Synthetic Leather Market, By Other Applications, 2023-2032 (In $ Million)
Figure 20: North America Synthetic Leather Market, Country Outlook, 2022 & 2032 (In %)
Figure 21: United States Synthetic Leather Market, 2023-2032 (In $ Million)
Figure 22: Canada Synthetic Leather Market, 2023-2032 (In $ Million)
Figure 23: Toray Industries Inc, Company Revenue, In 2017-2021 (In $ Million)
Figure 24: Toray Industries Inc, Company Revenue, By Segment, In 2021 (In %)
Figure 25: Toray Industries Inc, Company Revenue, By Geography, In 2021 (In %)
Figure 26: Basf Se, Company Revenue, In 2017-2021 (In $ Million)
Figure 27: Basf Se, Company Net Profit, In 2017-2021 (In $ Million)
Figure 28: Basf Se, Company Revenue, By Segment, In 2021 (In %)
Figure 29: Basf Se, Company Revenue, By Geography, In 2021 (In %)
Figure 30: Kuraray Co Ltd, Company Revenue, In 2017-2021 (In $ Million)
Figure 31: Kuraray Co Ltd, Company Net Profit, In 2017-2021 (In $ Million)
Figure 32: Kuraray Co Ltd, Company Revenue, By Segment, In 2021 (In %)
Figure 33: Mayur Uniquoters Limited, Company Revenue, In 2017-2021 (In $ Million)
Figure 34: Mayur Uniquoters Limited, Company Net Profit, In 2017-2021 (In $ Million)
Figure 35: Mayur Uniquoters Limited, Company Revenue, By Geography, In 2021 (In %)
Figure 36: Nan Ya Plastics Corporation, Company Revenue, In 2017-2021 (In $ Million)
Figure 37: Nan Ya Plastics Corporation, Company Net Profit, In 2017-2021 (In $ Million)
Figure 38: Nan Ya Plastics Corporation, Company Revenue, By Industry, In 2021 (In %)
Figure 39: Nan Ya Plastics Corporation, Company Revenue, By Geography, In 2021 (In %)
Figure 40: San Fang Chemical Industry Co Ltd, Company Revenue, In 2017-2021 (In $ Million)
Figure 41: San Fang Chemical Industry Co Ltd, Company Net Profit, In 2017-2021 (In $ Million)
Figure 42: Tejin Limited, Company Revenue, In 2017-2021 (In $ Million)
Figure 43: Tejin Limited, Company Revenue, By Segment, In 2021 (In %)
Figure 44: Tejin Limited, Company Revenue, By Geography, In 2021 (In %)
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Synthetic Leather is 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.
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