NORTH AMERICA SYNTHETIC LEATHER MARKET 2023-2030

Chemicals & Materials | Polymers And Resins

NORTH AMERICA SYNTHETIC LEATHER MARKET 2023-2030

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

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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:

•         United States

•         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.

 

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 North America 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 NA synthetic leather market’s growth during the upcoming years

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Table of Content

1. 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

List of Tables

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)

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: 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 %)

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