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Synthetic Leather Market Analysis By Product (PU, PVC, Bio based),

Synthetic Leather Market Analysis By Product (PU, PVC, Bio based),
The global synthetic leather market size was estimated at 15,780 million meters in 2015. Globally increasing demand from footwear sector is expected to be a key factor propelling the overall market growth. Moreover, artificial leather being a suitable alternative has further augmented the demand in the global market.
It is comprised of a cloth base which is coated with a synthetic resin so that it resembles animal hide on the surface. It is used in various fields of fabrics, footwear, clothing, upholstery & other areas where leather like finish is required and the material is unusable, unsuitable, and cost prohibitive. The production process has evolved over the years for the shell coating to go on top of the synthetic polymer blend.
China synthetic leather market volume by product, 2014 - 2025 (Million Meter)

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Manufacturers are looking towards increasing their production capacity as the cost of production is low. The market is fragmented and it is dominated by few players. This has resulted in high entry barriers as these manufacturers are focusing on forward and backward integration across the value chain in order to improve their efficiency.
Emerging markets such as China, India Brazil, Malaysia, Thailand and Vietnam are expected to play a major role in the growing demand. Rising demand from the footwear industry in these markets is expected to play a crucial role over the forecast period.

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