Global Artificial Leather Market Information- by types (Polyurethane (PU), Polyvinyl Chloride (PVC), Bio Based), by End User Industry (Automotive, Furnishing, Footwear, Clothing, Others) and by Region - Forecast to 2022
Pune, India -- (SBWIRE) -- 05/09/2018 -- Commenting on this report, an analyst from Market Research Future (MRFR)'s team said, "Global Artificial Leather market size is expected to grow at ~38.2 billion by 2022.
The Artificial Leather Market witnessed a potential growth owing to growing environmental concern regarding killing of animals which led to development of artificial leather across end user industries. Artificial leather is durable, cost effective and stain resistance which makes it more attractive then real leather. Growing fashion industry along with changing taste of people has shifted the demand for artificial leather across the industry. Wide variety of goods are produced from Artificial Leather. They are luggage, wallets, bags, jackets, car interiors, mobile cases and covers, sofas etc. Thus, growing application has boosted the demand for Artificial Leather Market.
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Regional Insights
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Artificial Leather Market is largest market owing to robust industry growth of end user industry in China and India. Rapid industrializations, favorable government regulations and increase in per captia income will significantly grow the artificial leather market in emerging economies such as China, India and Japan. Rise in population leads to increase in demand for footwear, automobile, clothing etc. Thus, developing regions witnessed a high growth in Artificial Leather Market.
The growing Automotive and Footwear Industry in European market is anticipated to drive the demand of artificial leather. Regulations regarding animal welfare is driving the demand for Artificial Leather across various regions. North America witnessed a positive growth in Artificial Leather Market owing to presence of international fashion brands across the region.
Competitive Analysis:
Filwel Co. Ltd (Japan)
H.R.Polycoats Pvt. Ltd (India)
Alfatex ITALIA (Italy)
Mayur Uniquoters Ltd. (India)
San Fang Chemical industry Co. Ltd (Taiwan)
Kuraray Co. Ltd. (Japan)
Teijin Limited (Japan)
Asahi Kasei Corporation (Japan)
Huafon Group (Japan)
Toray Industries (Japan)
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