ASIA-PACIFIC SYNTHETIC LEATHER MARKET 2023-2030

Chemicals & Materials | Polymers And Resins

ASIA-PACIFIC SYNTHETIC LEATHER MARKET 2023-2030

Market by Type, End-use, and Country Outlook | Forecast 2023-2030

Request For Customization

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

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.




Report scope can be customized per your requirements - Request Free Sample Report 

The countries explored in the studied region include:

•         China

•         Japan

•         South Korea

•         India

•         ASEAN Countries

•         Australia & New Zealand

•         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.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the synthetic leather market revenue growth in the Asia-Pacific and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


      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

Related Reports

ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET 2019-2027
Chemicals & Materials

ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET 2019-2027

Market Segmented By Type, Appl ..

VIEW REPORT
ASIA PACIFIC DEFOAMERS MARKET 2019-2027
Chemicals & Materials

ASIA PACIFIC DEFOAMERS MARKET 2019-2027

Market By Products, Applicatio ..

VIEW REPORT
ASIA-PACIFIC  POLYLACTIC ACID MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC POLYLACTIC ACID MARKET 2019-2028

Market By Raw Material, End-us ..

VIEW REPORT
ASIA-PACIFIC ACTIVATED CARBON MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC ACTIVATED CARBON MARKET 2019-2028

Market by Type, Raw Material, ..

VIEW REPORT
ASIA-PACIFIC ADHESIVES MARKET 2021-2028
Chemicals & Materials

ASIA-PACIFIC ADHESIVES MARKET 2021-2028

Market by Technology, Type, En ..

VIEW REPORT
ASIA-PACIFIC ADVANCED GLASS MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC ADVANCED GLASS MARKET 2019-2028

Market by Function, Product Ty ..

VIEW REPORT
ASIA-PACIFIC AESTHETIC FILLER MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC AESTHETIC FILLER MARKET 2019-2028

Market by Product Type, Applic ..

VIEW REPORT
ASIA-PACIFIC ASEPTIC PACKAGING MARKET 2021-2028
Chemicals & Materials

ASIA-PACIFIC ASEPTIC PACKAGING MARKET 2021-2028

Market by Type, Material, Indu ..

VIEW REPORT

Table of Content

1. 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

List of Tables

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)

List of Figures

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 %)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying