Market by Type, End-use, and Country Outlook | Forecast 2023-2030
Triton’s research report suggests that the synthetic leather market in the Middle East and Africa is anticipated to progress with a CAGR of 6.95% and 6.70% in value and volume, respectively, during the forecasting years 2023-2030.
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The
countries calculated in the region comprise:
•
United Arab Emirates
•
Saudi Arabia
•
Turkey
•
South Africa
•
Rest of Middle East & Africa
South
Africa secures major shares in the synthetic leather market. The improving standard of living and
developing automotive and consumer goods industries are fueling the region’s
market growth. In recent years, PU leather has gained significant traction in
the furnishing, footwear, and automotive sectors, whereas PVC has dominated the
clothing industry. Further, several government initiatives like PPP and
build-operate transfer models significantly benefit the PVC leather segment.
Hence, these factors are anticipated to open new avenues for the synthetic
leather market.
South Africa’s furniture manufacturing sector
has witnessed substantial growth due to the rise in middle-income households
and established players. This has increased the adoption of synthetic leather
for various uses. Further, the rising disposable income and evolving fashion
trends have soared the demand for comfortable and contemporary leather
products. Hence, as stated above, these factors offer lucrative growth
opportunities to the synthetic leather market.
In the footwear industry, lining, uppers, and
soles are frequently made of synthetic leather. These products are reasonably
priced and durable compared to real leather shoes. Moreover, they have superior
water resistance and can handle extended running or walking. The market’s segmentation includes end-use
and type. The end-use segment includes footwear, bags & wallets,
furnishing, automotive, clothing, and other end-uses.
The
eminent companies in the market include HR Polycoats Pvt Ltd, BASF SE, Kuraray
Co Ltd, Toray Industries Inc, and Teijin Limited.
HR Polycoats Pvt Ltd is engaged in producing
faux or artificial leather. The company provides products to various
industries, including automotive, footwear, furnishing, and others. It offers
products across more than 20 nations, including the UK, UAE, Africa, etc.
Moreover, HR Polycoats serves more than 5000 clients worldwide.
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 Middle East and Africa 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 Middle
East and Africa 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.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA SYNTHETIC LEATHER MARKET OUTLOOK - BY TYPE
3.1. POLYURETHANE
(PU)
3.2. POLYVINYL
CHLORIDE (PVC)
3.3. BIO-BASED
4. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA SYNTHETIC LEATHER MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. UNITED
ARAB EMIRATES
5.1.1.1. UNITED
ARAB EMIRATES SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.2. SAUDI
ARABIA
5.1.2.1. SAUDI
ARABIA SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.3. TURKEY
5.1.3.1. TURKEY
SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.4. SOUTH
AFRICA
5.1.4.1. SOUTH
AFRICA SYNTHETIC LEATHER MARKET FORECAST & PROSPECTS
5.1.5. REST
OF MIDDLE EAST & AFRICA
5.1.5.1. REST
OF MIDDLE EAST & AFRICA 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: MIDDLE EAST AND
AFRICA SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA SYNTHETIC LEATHER MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA SYNTHETIC LEATHER MARKET, BY TYPE, 2023-2030 (IN MILLION METERS)
TABLE 10: MIDDLE EAST AND
AFRICA SYNTHETIC LEATHER MARKET, BY END-USE, 2023-2030 (IN $ MILLION)
TABLE 11: MIDDLE EAST AND
AFRICA SYNTHETIC LEATHER MARKET, BY END-USE, 2023-2030 (IN MILLION METERS)
TABLE 12: MIDDLE EAST AND
AFRICA SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 13: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY TYPE, 2022 & 2030
(IN %)
FIGURE
6: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY POLYURETHANE (PU),
2023-2030 (IN $ MILLION)
FIGURE
7: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY POLYVINYL CHLORIDE
(PVC), 2023-2030 (IN $ MILLION)
FIGURE
8: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY BIO-BASED, 2023-2030 (IN
$ MILLION)
FIGURE
9: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY END-USE, 2022 & 2030
(IN %)
FIGURE
10: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY FOOTWEAR, 2023-2030 (IN
$ MILLION)
FIGURE
11: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY AUTOMOTIVE, 2023-2030
(IN $ MILLION)
FIGURE
12: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY FURNISHING, 2023-2030
(IN $ MILLION)
FIGURE
13: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY CLOTHING, 2023-2030 (IN
$ MILLION)
FIGURE
14: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY BAGS & WALLETS,
2023-2030 (IN $ MILLION)
FIGURE
15: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY OTHER END-USES,
2023-2030 (IN $ MILLION)
FIGURE
16: MIDDLE EAST AND AFRICA SYNTHETIC LEATHER MARKET, BY COUNTRY OUTLOOK, 2022
& 2030 (IN %)
FIGURE
17: UNITED ARAB EMIRATES SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
18: SAUDI ARABIA SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
19: TURKEY SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
20: SOUTH AFRICA SYNTHETIC LEATHER MARKET 2023-2030 (IN $ MILLION)
FIGURE
21: REST OF MIDDLE EAST & AFRICA SYNTHETIC LEATHER MARKET 2023-2030 (IN $
MILLION)
FIGURE
22: BASF SE - COMPANY NET REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
23: BASF SE - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
24: BASF SE - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
25: BASF SE - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
26: NAN YA PLASTICS CORPORATION - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
27: NAN YA PLASTICS CORPORATION - COMPANY NET INCOME IN 2017-2021 (IN $
MILLION)
FIGURE
28: NAN YA PLASTICS CORPORATION - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
29: NAN YA PLASTICS CORPORATION - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
30: TORAY INDUSTRIES INC - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
31: TORAY INDUSTRIES INC - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
32: TORAY INDUSTRIES INC - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
33: TORAY INDUSTRIES INC - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
34: TEIJIN LIMITED - COMPANY REVENUE IN 2017-2021 (IN $ BILLION)
FIGURE
35: TEIJIN LIMITED - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
36: TEIJIN LIMITED - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)
FIGURE
37: TEIJIN LIMITED - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
38: MAYUR UNIQUOTERS LIMITED - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
39: MAYUR UNIQUOTERS LIMITED - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
40: MAYUR UNIQUOTERS LIMITED - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE
41: SAN FANG CHEMICAL INDUSTRY CO LTD - COMPANY REVENUE IN 2017-2021 (IN $
MILLION)
FIGURE
42: SAN FANG CHEMICAL INDUSTRY CO LTD - COMPANY NET INCOME IN 2017-2021 (IN $
MILLION)
FIGURE
43: KURARAY CO LTD - COMPANY REVENUE IN 2017-2021 (IN $ MILLION)
FIGURE
44: KURARAY CO LTD - COMPANY NET INCOME IN 2017-2021 (IN $ MILLION)
FIGURE
45: KURARAY CO LTD - COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)