Asia Pacific Synthetic Leather Market Size & Outlook
Related Markets
Asia Pacific synthetic leather market highlights
- The Asia Pacific synthetic leather market generated a revenue of USD 17,246.9 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, pu synthetic leather was the largest revenue generating type in 2023.
- PU synthetic leather is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 17,246.9 million |
| Market revenue in 2030 | USD 31,566.5 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | PU synthetic leather |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
| Key market players worldwide | Kuraray Co Ltd, Air Water Inc, Teijin Ltd, Mayur Uniquoters, Nan Ya Plastics, H.R. Polycoats, Velcro, San Fang Chemical Industry |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.2% of the global synthetic leather market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,566.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| San Fang Chemical Industry | View profile | 1001-5000 | Kaohsiung, T'ai-wan, Taiwan, Asia | https://www.sanfang.com/ |
| Velcro | View profile | 5001-10000 | Manchester, New Hampshire, United States, North America | http://www.velcro.com/ |
| H.R. Polycoats | View profile | 501-1000 | Bahadurgarh, Haryana, India, Asia | https://www.hrcheetal.com |
| Nan Ya Plastics | View profile | 251-500 | Taipei, T'ai-pei, Taiwan, Asia | https://www.npc.com.tw/j2npc/zhtw/ |
| Mayur Uniquoters | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | http://mayuruniquoters.com |
| Air Water Inc | View profile | 26566 | 12-8, Minami Semba 2-chome, Chuo-ku, Osaka, Japan, 542-0081 | http://www.awi.co.jp |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
Asia Pacific synthetic leather market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic leather market will help companies and investors design strategic landscapes.
Pu synthetic leather was the largest segment with a revenue share of 62.23% in 2023. Horizon Databook has segmented the Asia Pacific synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of synthetic leather market in Asia Pacific is projected to be negatively impacted due to the COVID-19 pandemic. The pandemic has led to the limitations on cross-border trade, lockdowns imposed by various governments, and waning consumer demand.
China is one of the prominent markets for synthetic leather in terms of production and sales. The outbreak of COVID-19 has severely affected the country’s manufacturing output and compelled several manufacturers to either close or slow down their operations to contain the spread of the virus.
Major market players are targeting developing regions to cater to the rising product demand and increase their profitability. Extensive application of synthetic leather in luggage, boots, shoes, wallets, bags, and several other consumer goods is anticipated to drive artificial leather market in this region over the forecast period.
Reasons to subscribe to Asia Pacific synthetic leather market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific synthetic leather market databook
-
Our clientele includes a mix of synthetic leather market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific synthetic leather market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific synthetic leather market size, by country, 2018-2030 (US$M)
Asia Pacific Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
