The global synthetic leather market is expected to have garnered a market value of US$ 29.24 billion in 2023 and is expected to accumulate a market value of US$ 50.01 billion by registering a CAGR of 6% in the forecast period 2023 to 2033.
The growth of the synthetic leather market can be attributed to the increasing development of plant-based leathers along with the rapid adoption of synthetic leathers in end-user industries. The market for synthetic leather registered a CAGR of 4.7% in the historical period 2018 to 2022.
| Attributes | Details |
|---|---|
| Historical Value (2022) | US$ 27.92 billion |
| Current Year Value (2023) | US$ 29.24 billion |
| Expected Forecast Value (2033) | US$ 50.01 billion |
| Projected CAGR (2023 to 2033) | 6% |
Future Market Insights (FMI figured that synthetic leather sales increased by 4.5% year-on-year in 2022, backed by rising demand for lightweight material for automotive interiors and the rising popularity of polyurethane leather across various industries.
FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in the synthetic leather market. They collectively accounted for more than 30% of global market share in 2022.
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Growing demand for high-end luxury interiors in automobiles and luxury goods at affordable pricing is driving the synthetic leather market growth over the past few years. Future Market Insights in its analysis states that the synthetic leather market grew at 4.7% CAGR between 2018 and 2022.
Increasing demand for eco-friendly products and stringent regulations regarding animal cruelty and slaughtering will fuel the adoption of synthetic leather in the upcoming years. The rising popularity of veganism and consequent campaigns aimed at encouraging vegan leather product sales on social media will play a critical role in driving the market over the assessment period.
Prevailing fashion trends in emerging economies of Asia and the entry of leading footwear and apparel companies as a part of their global expansion strategy will boost the sales of the synthetic leather market in these countries.
Automotive buyers are looking for luxurious interior design and elevated comfort at affordable pricing. Manufacturing luxurious cockpit interior use natural leather, which is quite expensive and requires high maintenance, thus manufacturers are switching to artificial leather for car upholsteries owing to its relatively low cost, easy-to-clean, and aesthetically pleasing attributes.
Research and development is the key area of focus among market players as they are heavily investing to develop plant-based synthetic leathers with properties superior to that of natural leather. The emergence of new market players developing multi-functional artificial leather will bode well with the market growth in the future.
Changing consumer preference positively affects synthetic leather sales
High climate control, superior comfort, and easy-to-style properties of synthetic leather have made them increasingly in the fashion industry. Besides this investment from leading fashion brands towards developing apparel and footwear from artificial leather coupled with increasing demand from consumers will pump up the market growth in upcoming years.
Thanks to various internet and social media campaigns, customers are rendered better aware of the adverse effects of natural leather production on the environment. Consequently, consumers are showing a greater inclination towards choosing natural leather alternatives to play their part in protecting the environment.
Environmentally friendly leather Contributing significantly to Market Growth
Natural leather-based product manufacturing results in carbon-dioxide emissions. Contrary to this, sustainable production of synthetic leather-based products will make a significant contribution to reducing carbon footprint.
Tanning of natural leather is a hazardous process and long-term exposure to tanning chemicals will lead to severe respiratory ailments and even cancer. People for the Ethical Treatment of Animals (PETA) India recently reported that tannery waste disposed of in the river Ganga is causing a wide array of problems like creating health issues in humans and developing agricultural wastelands.
To address these issues leather product manufacturers are switching towards more environment-friendly alternatives like bio-based synthetic leather, which are derived from plants.
Principal Consultant
Bio-based synthetic leather sales affecting the overall market growth
Owing to the rising demand and strict international regulations aimed at curbing animal cruelty, manufacturers are shifting from natural leather towards bio-based or vegan synthetic leather for manufacturing footwear and bags. In addition, research has led to the development of vegan and environmentally friendly leather. This, in turn, is reducing the demand for animal-based leather.
These new types of leathers are free from any toxic and harmful manufacturing and usage traits and are synthesized from natural fibers like flax or fibers of cotton mixed with palm, soybean, corn, and other plants. A new class of plant Based synthetic leather has emerged called “Pinatex” produced from pineapple leaves.
The pineapple leaf fibers have excellent strength and flexibility which are the key qualities required for the manufacturing of leather. The manufacturing process itself consumes limited resources and thus helps in reducing carbon emissions.
Bio-based leather products have already started to hit the marketplace. With growing international pressure towards reducing the usage of toxic chemicals, these new alternatives can offer a major opportunity for plant-based synthetic leather market growth.
Innovations and launches leading to increasing sales of synthetic leather in Italy
Italy is forecast to emerge as a highly lucrative market owing to the booming fashion industry and the presence of influential footwear companies in the country.
Due to growing awareness regarding the harmful effects of the leather industry on the environment, consumers are switching towards more sustainable and artificial leather. In order to remain ahead of the curve and cater for the rising demand, leading footwear companies are incorporating bio-based synthetic leather for manufacturing luxury footwear.
Italian automakers are also working to incorporate synthetic leather in their upholstery and cabin interiors, especially in their luxury car segment. For instance, luxury automotive giant Ferrari through its Tailor Made Programme offers Alcantara leather and another type of artificial leather alternatives for its high-end car segments.
The company has also developed its own type of synthetic leather called “Mycro Prestige” which is considered to be better than natural leather. These innovations and initiatives are expected to drive market growth in upcoming years in Italy.
Footwear expenditure and the automotive industry positively influencing market growth
India is one of the largest footwear manufacturers in the world which makes it a lucrative market for synthetic leather sales. As synthetic leather is extensively used in manufacturing men's and women’s footwear owing to its ease in designing and processing. Rising per capita income and increasing population will drive the sales of footwear, which will fuel the demand for synthetic leather in the Indian footwear industry.
| Country | India |
|---|---|
| Value CAGR (2023 to 2033) | 5.3% |
The government of India has recently launched “the Indian Footwear, Leather and Accessories Development Programme (IFLADP)” with a budget of Rs. 2600 crore (US$ 390 Billion). Through this programme, the government will provide financial support in areas where the modernization of production units is necessary and devise strategies for human resource development.
The government will also monitor the status of common effluent treatment plants (CETPs). These initiatives along with 100% foreign direct investment policies are expected to drive the growth of the synthetic leather market in future.
Synthetic leathers are finding their use in the automotive domain in manufacturing car seats. Car manufacturers are switching towards synthetic leather for its low cost, high durability, and wear resistance. The rise in automotive sales is anticipated to be a critical factor for market growth over the forecast period.
The automotive sector boosting the growth of the synthetic leather market in Japan
A spike in demand for lightweight and durable material for vehicle interiors is seen in Japan. The increasing popularity of lightweight vehicles and growing consumer inclination towards maximum efficiency has led to the adoption of synthetic leather for automotive interiors in Japan.
| Country | Japan |
|---|---|
| 2022 Value Share in Global Market | 4.7% |
Japan is the market leader in producing high-end synthetic leather that is used to cover car seats and other interior components in vehicles. The presence of modern manufacturing machinery coupled with increasing investment among market players and automakers will lead to the development of premium synthetic leather materials for seats and interiors.
In addition, the rising adoption of synthetic leather in cheaper motor vehicle variants will create opportunities for market growth in the next decade. The rapid expansion of the automotive sector in Japan is expected to provide attractive opportunities for manufacturers of synthetic leather.
For instance, Mazda’s all-new “MX-30” electric car will come with faux leatherette, rather than real leather on the seats. The company is also looking to replace the leather on the steering wheel and gear selector.
Launch of eco-friendly synthetic leather propelling market growth
According to Future Market Insight, the USA market for synthetic leather will grow at a healthy rate over the forecast period. The rising of vegan footwear will boost the sales of synthetic leather in America. Leading footwear makers are looking to leverage this opportunity and are working towards developing and launching new products made from synthetic leather.
| Country | United States |
|---|---|
| 2022 Value Share in Global Market | 12.1% |
For instance, leading shoe-maker company Nike recently launched a new version of the iconic Nike Air Force 1s which are made from Piñatex pineapple leather. Similarly, in April 2021, Dominic & Dempsey developed toddler boots made from Dessert Cactus Leather. Dessert Cactus Leather is a type of bio-based leather derived from cactus.
Increasing consumption of consumer electronics will create lucrative opportunities for market growth in the USA Electronic companies are also focusing on using synthetic leather covering to protect laptops and other consumer electronics.
Hewlett-Packard recently introduced a new “Elito Folio” laptop which is equipped with a bio-based synthetic leather cover. Previously the company used natural leather but has switched towards a more animal-friendly alternative.
Despite the devastating effect of the pandemic on USA synthetic leather sales, steady demand for consumer electronics will ascertain steady sales of synthetic leather in the country.
Vegan Movement Sparks Synthetic Leather Market Expansion in the United Kingdom
The growing environmental consciousness among United Kingdom consumers has led to a rising preference for eco-friendly materials. Manufacturers are responding to this trend by developing synthetic leathers made from recycled materials or biodegradable polymers. The fashion industry is a significant consumer of synthetic leather products, including apparel, footwear, and accessories. The United Kingdom's thriving fashion sector has boosted the demand for synthetic leather materials, especially as a more affordable and sustainable alternative to genuine leather.
| Country | United Kingdom |
|---|---|
| Value CAGR (2023 to 2033) | 5.9% |
The automotive industry has embraced synthetic leather for upholstery due to its cost-effectiveness, ease of maintenance, and customization options. With a growing automotive market in the United Kingdom, the demand for synthetic leather in this sector is expected to remain strong.
The country has experienced a significant increase in the number of vegans and vegetarians. This dietary and lifestyle choice extends to their purchasing decisions, leading to higher demand for cruelty-free products like synthetic leather. When it comes to purchasing new clothing items in the United Kingdom, consumers are inclined to pay more for plant-based leather in comparison to animal leather.
Manufacturers in Germany are Transforming Synthetic Leather Production
The synthetic leather market in Germany is poised for substantial growth in the coming years, driven by the rising consumer preference for eco-friendly alternatives to natural leather and advancements in manufacturing technologies. With supportive government regulations, the market is likely to witness continued innovation and a focus on sustainability.
| Country | Germany |
|---|---|
| 2022 Value Share in Global Market | 7.4% |
Consumers in Germany have shown a positive attitude toward synthetic leather, particularly due to its ethical attributes, eco-friendliness, and affordability compared to genuine leather. The rising preference for cruelty-free and sustainable alternatives to animal-derived products has fueled the demand for synthetic leather in Germany.
Manufacturers are increasingly emphasizing sustainable practices, including the use of bio-based materials and recycling, to reduce the environmental impact of synthetic leather production. A 100% plant-based and plastic-free leather alternative has been created by the German startup Lovr in collaboration with the Technical University of Darmstadt in January 2022. The innovative material is derived from hemp waste sourced from agricultural farms that manufacture CBD products, making it the world's first plastic-free alt-leather.
Manufacturers in China Shift Gears, Domestic Production Boosts Synthetic Leather Industry
China's rapid urbanization has led to a significant increase in disposable incomes and changing consumer lifestyles. As a result, there is a growing demand for stylish and affordable consumer goods, including footwear, bags, and furniture, which are often made using synthetic leather. The rise of e-commerce platforms has further facilitated the availability and accessibility of synthetic leather products, driving market growth.
| Country | China |
|---|---|
| Value CAGR (2023 to 2033) | 4.8% |
There has been a notable shift towards domestic synthetic leather production in China in recent years. This shift is driven by factors such as increasing labor costs in other manufacturing regions, improvements in domestic manufacturing capabilities, and government initiatives to promote domestic industries.
The footwear industry is a key driver of the synthetic leather market in China. The country's large population and rising disposable incomes have fueled the demand for footwear, particularly in the fashion and sports segments. China is one of the largest exporters of synthetic leather products globally. The country's manufacturing capabilities, cost advantages, and diverse product range have enabled China-based manufacturers to capture a significant share of the international market.
The automotive industry is the primary consumer of synthetic leather in China. With the rising demand for vehicles, especially in the electric and luxury segments, the demand for synthetic leather upholstery has increased significantly. Environmental concerns and consumer preferences for sustainable products have also influenced the synthetic leather market in China.
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| Segment | Polyurethane Material Type |
|---|---|
| 2022 Value Share in Global Market | 47.5% |
| Segment | Synthetic Leather for Automotive Application |
|---|---|
| 2022 Value Share in Global Market | 29.1% |
Ability to fight against weather making polyurethane usable in end-user industries
The banning of PVC in multiple countries due to its harmful effects on the environment and the superior quality of PU as compared to PVC are the key growth drivers of the PU synthetic leather market. PU synthetic leathers are made using multiple blends of PU and fabrics.
Further treatment of coated polymers gives a natural leather-type feel and texture to the synthetic leather. Polyurethane stands out as an incredibly versatile material, capable of mimicking the appearance and texture of genuine leather with remarkable accuracy. Its adaptability allows manufacturers to create synthetic leather products for various applications, ranging from stylish apparel and footwear to sophisticated upholstery and accessories. They are an ideal material for automotive and clothing industries as it is waterproof, lightweight, and do not fail under weathering conditions.
One of the key reasons for polyurethane's popularity is its outstanding durability and performance characteristics. With remarkable resistance to abrasion, tearing, and fading, products made from this material prove to be long-lasting and reliable. Polyurethane also offers a significant advantage in cost-effectiveness.
Convenience is a crucial factor for consumers, and polyurethane synthetic leather delivers on this front. Its easy-to-clean nature and low-maintenance requirements make it a hassle-free choice for those seeking practical alternatives to genuine leather.
Growing environmental awareness has given rise to the demand for sustainable materials. Polyurethane can be produced using water-based technologies. In tune with the ethical shift towards animal welfare and vegan preferences, synthetic leather made from polyurethane provides a compassionate alternative to genuine leather.
Synthetic Leather Revolutionizes Automotive Interiors; Cost-effective Luxury Takes the Wheel
Automotive manufacturers favor synthetic leather due to its ability to lower production costs while still providing visually appealing and comfortable interiors for their vehicles. One of the significant advantages of artificial leather lies in its versatility in design and color options. This flexibility enables carmakers to craft unique interior aesthetics with various textures and patterns, catering to diverse consumer preferences and different vehicle models.
Significant advancements in manufacturing techniques have resulted in high-quality synthetic leather materials that closely emulate the luxurious feel of genuine leather. Besides, these materials exhibit enhanced durability, more resistant to wear, tearing, and fading, ensuring longevity in automotive applications.
Synthetic leather boasts practical advantages in terms of maintenance and cleaning compared to genuine leather. Its ability to repel stains and its ease of cleaning with a simple damp cloth make it an attractive choice for car owners seeking hassle-free upkeep of their vehicle interiors.
In regions with stringent regulations on animal product usage in automobiles, synthetic leather proves to be an essential compliance tool for automotive manufacturers. This allows them to adhere to such regulations while still offering a premium appearance and tactile experience to their customers.
Key start-ups in the market are Gelatex and Phool.Co, Fruitleather Rotterdam, Malai, and Beyond Leather
Future Market Insights states that leading market players are investing in creating new and advanced materials to expand their market share. The emergence of start-ups and new players will further fuel the development, especially in bio-based leather and similar materials.
FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in the synthetic leather market. They collectively account for more than 30% of global market share as of 2022.
Strategic mergers, acquisitions, and partnerships are in the cards during the forecast period. Leading footwear and apparel companies are also investing in producing synthetic leather development in compliance with environmental regulations.
Growing demand for sustainable and eco- friendly materials.
Polyurethane (PU), polyvinyl chloride (PVC), and acrylic are the most common types.
The automotive, furniture, and footwear industries are the major markets for synthetic leather
Increasing demand for vegan leather, sustainable materials, and personalized products is the trend in the market.
Expected to grow at a CAGR of 6% from 2023 to 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material Type, 2023 to 2033
5.3.1. Polyvinyl Chloride
5.3.2. Polyurethane
5.3.3. Bio Based
5.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Footwear
6.3.2. Furnishing
6.3.3. Automotive
6.3.3.1. Seat
6.3.3.2. Door
6.3.3.3. Dash
6.3.3.4. Steering Cover
6.3.3.5. Others
6.3.4. Clothing
6.3.5. Bags
6.3.6. Sports
6.3.7. Electronics
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Material Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Material Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Material Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Material Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Material Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Material Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Material Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Material Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Material Type
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Material Type
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Material Type
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Material Type
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Material Type
15.5.2.2. By Application
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Material Type
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Material Type
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Material Type
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Material Type
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Material Type
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Material Type
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Material Type
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Material Type
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Material Type
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Material Type
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Material Type
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Material Type
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Material Type
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Material Type
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Material Type
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Material Type
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Material Type
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Material Type
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Material Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Asahi Kasei
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Nan Ya Plastics Corporation
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Toray Industries
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Teijin Limited
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Kuraray Co., Ltd.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Daewon Chemical Co Ltd.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Kolon Industries Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Achilles Corp
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Mayur Uniquoters
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Alfatex
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Plastic Elche S.A.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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