Asia Pacific Synthetic Leather Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Polyurethane, Polyvinyl Chloride, Silicone, and Others) and Application (Footwear, Furniture, Automotive, Clothing, Stationery Goods, and Others)

Name: Asia Pacific Synthetic Leather Market
SKU: Chemicals and Materials
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The synthetic leather market in APAC is expected to grow from US$ 12699.78 million in 2021 to US$ 20072.20 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.

The footwear industry is one of the significant segments of the synthetic leather industry. The high demand for trendy shoes is providing opportunities for the footwear industry to develop and grow. In the footwear industry, synthetic leather is frequently used in shoes. Synthetic leather material is suitable for shoes due to its low cost and abrasion resistance. Also, synthetic leather shoes offer great waterproof qualities. Synthetic leather can be mixed with a few chemicals to add waterproof features. There is a high demand for synthetic leather in the footwear industry. Moreover, many footwear brands are focusing on developing plant-based leather shoes and vegan leather shoes. This is further contributing to the high demand for synthetic leather. Thus, growing demand from the footwear industry will offer more opportunities for the growth of the synthetic leather market.

The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia Pacific. The Asian economies have been hit hard due to the pandemic. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing a country-wide lockdown, which directly impacts the growth of industrial sectors. This may impact the demand for synthetic leather. Various industries such as automotive, footwear, and furniture have been hit hard by the pandemic, impacting the consumption of synthetic leathers in the region. The growth of the synthetic leather market has been severely affected by dwindling sales of vehicles amid the COVID-19 pandemic. Quarantine measures and the closure of retail stores have suppressed consumer demand. However, the market is expected to witness an increase in investment by players to tap the prevailing opportunities and cater to expanding demand for synthetic leather in post-pandemic times. The business activities are expected to improve further in the coming months.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the synthetic leather market. The APAC synthetic leather market is expected to grow at a good CAGR during the forecast period.

APAC Synthetic Leather Market Revenue and Forecast to 2028 (US$ Million)

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APAC Synthetic Leather Market Segmentation

APAC Synthetic Leather Market – By Type

Polyurethane
Polyvinyl Chloride
Silicone
Others

APAC Synthetic Leather Market – By Application

APAC Synthetic Leather Market- By Country

APAC Synthetic Leather Market-Companies Mentioned

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Synthetic Leather Market, by Type

1.3.2 APAC Synthetic Leather Market, by Application

1.3.3 APAC Synthetic Leather Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. APAC Synthetic Leather Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Synthetic Leather Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in Demand from Various End-Use Industries

5.1.2 Advantages of Synthetic Leather

5.2 Market Restraints

5.2.1 Harmful Effects of PVC and PU and Durability Issues of Synthetic Leather

5.3 Market Opportunities

5.3.1 Growing Demand from Footwear Industry

5.4 Future Trends

5.4.1 Increasing Focus on Development of Bio-Based Leather

5.5 Impact Analysis of Drivers and Restraints

6. Synthetic Leather – APAC Market Analysis

6.1 APAC Synthetic Leather Market Overview

6.2 APAC Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Mn)

7. APAC Synthetic Leather Market Analysis – By Type

7.1 Overview

7.2 APAC Synthetic Leather Market, By Type (2020 and 2028)

7.2.1 Polyurethane

7.2.1.1 Overview

7.2.1.2 Polyurethane: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

7.2.2 Polyvinyl Chloride

7.2.2.1 Overview

7.2.2.2 Polyvinyl Chloride: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

7.2.3 Silicone:

7.2.3.1 Overview

7.2.3.2 Silicone: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

7.2.4 Others:

7.2.4.1 Overview

7.2.4.2 Others: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

8. APAC Synthetic Leather Market Analysis – By Application

8.1 Overview

8.2 APAC Synthetic Leather Market, By Application (2020 and 2028)

8.2.1 Footwear

8.2.1.1 Overview

8.2.1.2 Footwear: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.2 Furniture

8.2.2.1 Overview

8.2.2.2 Furniture: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.3 Automotive

8.2.3.1 Overview

8.2.3.2 Automotive: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.4 Clothing

8.2.4.1 Overview

8.2.4.2 Clothing: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.5 Stationery Goods

8.2.5.1 Overview

8.2.5.2 Stationery Goods: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.6 Others

8.2.6.1 Overview

8.2.6.2 Others: Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

9. APAC Synthetic Leather Market – Country Analysis

9.1 Overview

9.1.1 Asia Pacific: Synthetic Leather Market, by Key Country

9.1.1.1 Australia: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Australia: Synthetic Leather Market, By Type

9.1.1.1.2 Australia: Synthetic Leather Market, by Application

9.1.1.2 China: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 China: Synthetic Leather Market, By Type

9.1.1.2.2 China: Synthetic Leather Market, by Application

9.1.1.3 India: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 India: Synthetic Leather Market, By Type

9.1.1.3.2 India: Synthetic Leather Market, by Application

9.1.1.4 Japan: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Japan: Synthetic Leather Market, By Type

9.1.1.4.2 Japan: Synthetic Leather Market, by Application

9.1.1.5 South Korea: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 South Korea: Synthetic Leather Market, By Type

9.1.1.5.2 South Korea: Synthetic Leather Market, by Application

9.1.1.6 Rest of Asia Pacific: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Asia Pacific: Synthetic Leather Market, By Type

9.1.1.6.2 Rest of Asia Pacific: Synthetic Leather Market, by Application

10. Impact of COVID-19 on APAC Synthetic Leather Market

10.1 Overview

11. Industry Landscape

11.1 Product & Service Launch

12. Company Profiles

12.1 San Fang Chemical Industrial Co Ltd

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 KURARAY CO., LTD.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Teijin Limited

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Nan Ya Plastics

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 FILWEL Co., Ltd.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Mayur Uniquoters Limited

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 H.R.Polycoats Pvt. Ltd.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 BASF SE

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 FUJIAN POLYTECH TECHNOLOGY CORP., LTD.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. APAC Synthetic Leather Market Revenue and Forecast to 2028 (US$ Million)

Table 2. Australia Synthetic Leather Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. China Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. China Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. India Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. India Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. Japan Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Japan Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. South Korea Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. South Korea Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Asia Pacific Synthetic Leather Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of Asia Pacific Synthetic Leather Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. Glossary of Terms, APAC Synthetic leather Market

LIST OF FIGURES

Figure 1. APAC Synthetic Leather Market Segmentation

Figure 2. APAC Synthetic Leather Market Segmentation – By Country

Figure 3. APAC Synthetic Leather Market Overview

Figure 4. APAC Synthetic Leather Market, By Application

Figure 5. APAC Synthetic Leather Market, by Country

Figure 6. Porter's Five Forces Analysis

Figure 7. APAC Synthetic Leather Market - Ecosystem

Figure 8. Expert Opinion

Figure 9. APAC Synthetic Leather Market Impact Analysis of Driver and Restraints

Figure 10. APAC Synthetic Leather Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 11. APAC Synthetic leather Market Revenue Share, By Type (2020 and 2028)

Figure 12. APAC Polyurethane: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13. APAC Polyvinyl Chloride: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14. APAC Silicone: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15. APAC Others: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16. APAC Synthetic Leather Market Revenue Share, By Application (2020 and 2028)

Figure 17. APAC Footwear: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18. APAC Furniture: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19. APAC Automotive: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 20. APAC Clothing: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21. APAC Stationery Goods: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22. APAC Others: Synthetic Leather Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23. Asia Pacific: Synthetic Leather Market, by Key Country-Revenue 2020 (US$ Million)

Figure 24. Asia Pacific: Synthetic Leather Market Revenue Share, by Key Country (2020 and 2028)

Figure 25. Australia: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

Figure 26. China: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27. India: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28. Japan: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29. South Korea: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Rest of Asia Pacific: Synthetic Leather Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31. Impact of COVID-19 Pandemic on Synthetic Leather Market in Asia Pacific

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC synthetic leather market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC synthetic leather market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the synthetic leather market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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