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Synthetic Leather Market: Popular Applications | Specialty Chemicals

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The global synthetic leather market is anticipated to propel with a 7.11% CAGR in terms of revenue during the assessment years 2023-2032. Read our latest blog. – PowerPoint PPT presentation

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Title: Synthetic Leather Market: Popular Applications | Specialty Chemicals


1
Synthetic Leather Market Popular Applications
Specialty Chemicals
Leather-making is an art practiced for over
7,000 years. During ancient times, fresh
skins were dried in the sun, softened by
pounding in animal brains and fats, and
preserved by smoking and salting. However, with
the changing times, easy to manufacture,
maintain, cost- effective, and the vegan option
of animal-based leather has increased in demand
globally. As a result, synthetic leather has
gained traction in industries, including
footwear, clothing, furniture, and automotive.
There is increasing use of synthetic
leather in jackets, coats, handbags, purses,
belts, etc. Moreover, there is also a high demand
for synthetic leather in the footwear industry.
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  • According to Inkwood Research, the global
    synthetic leather market is anticipated to propel
    with a 7.11 CAGR in terms of revenue and
    6.89 CAGR in terms of volume during the
  • assessment years 2023-2032.
  • Genuine/Real Leather vs. Synthetic Leather
  • Synthetic leather resembles real leather, whereas
    genuine leather is a strong and durable material
    obtained from tanning or chemical treatment of
    animal skins and hide. Manufacturers obtain real
    leather from the skins of animals like buffaloes,
    cattle, pigs, sheep, goats, seals, and
    alligators. Leather is useful in producing
    clothing, handbags, footwear, sports equipment,
    and furniture.
  • On the other hand, synthetic leather is
    not as strong, durable, or flexible as
    real leather. However, the manufacturing process
    of synthetic leather is much simpler and tends to
    be less expensive than leather. Also, products
    made with synthetic leather are usually much
    easier to care for as they are usually made from
    plastics, especially polyurethane (PU), polyvinyl
    chloride (PVC), and epoxy resins.
  • Synthetic Leather Market Popular Applications
  • Bags Wallets
  • Briefcases, athletic bags, duffel bags,
    shoulder bags, purses and wallets, coin
    purses,
  • business card holders, commuter pass
    holders, cigarette cases, and fashion bags
    are all made of synthetic leather. Companies
    like Baggit, Solo, Zara, Lavie, and Reaction
    Kenneth Cole utilize synthetic leather to meet
    the demands for elegant bags with synthetic
    leather.
  • The demand for synthetic leather in bags and
    wallets is mostly driven by shifting lifestyles,
    recreational habits, and increased
    urbanization. The demand for the
    product in this application is further
    boosted by expanding commercial operations and
    increasing travel and

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  • tourism. The growing popularity of gym and other
    casual bags among students and working
    professionals alike are also anticipated to drive
    the segment over the forecast period.
  • Automotive
  • Businesses, including Mazda and Honda, use
    synthetic leather for seat backs, head
  • restraints, and side bolsters. Nissans armrests
    are covered in synthetic leather. The Hyundai
    Motor Company, Kia Motor Corporation, Jaguar
    Land Rover Limited, General Motors
  • Company, Toyota Motor Corporation, and
    various other luxury car brands frequently
    use synthetic leather in their more affordable
    automobile models. The growth of the automotive
    segment is attributed to rising economic
    conditions and the need for a comfortable
    commute. With the appreciating market for
    passenger vehicles, the usage of synthetic
    leather for the automotive seat is bound to
    increase.
  • Clothing
  • Synthetic leather is used in various
    garments, including jackets, skirts, belts,
    lingerie,
  • costumes, tops, and bottoms. The market for
    imitation leather clothes is rising as the vegan
    population grows worldwide, especially in
    affluent nations like the United States,
    Japan, Germany, Poland, the United Kingdom,
    Israel, Italy, Sweden, Spain, and Finland. With
    more consumers converting to vegan products,
    the market for synthetic leather clothing
    has enormous development potential in the
    upcoming years. However, the market for PVC
    leather clothes may be constrained by the
    materials propensity for tearing quickly. Major
    retailers, including Zara, Matt Nat, Wilby, and
    Beyond Skin, sell a variety of garments
    manufactured from synthetic leather.
  • Furnishing
  • One of the main industries using synthetic
    leather now is the furniture sector. Upholstery
    for
  • massage chairs, dental chairs, boats,
    stools, bean bags, couches, and cushion
    coverings employs synthetic leather. It is
    employed for both interior and external
    decorating. The
  • increased demand for synthetic leather in
    furnishing applications is mostly due to its

4
affordability and the similarities between its
qualities and those of genuine leather. Synthetic
leather is offered based on color, texture, and
fabric appearance to meet the various needs in
furnishing applications. Is Synthetic Leather
an Ideal Environmental Choice? Manufacturing
synthetic and real leather use
chemically intensive processes. Synthetic
plastic-based fibers and leather degrade like
other plastics and can also shed
microplastics during use, not just after they are
discarded. Therefore, it cannot be assumed that
synthetic materials cause less environmental
harm and have not used potentially damaging
chemical processes. However, synthetic leather
made from bio-based materials has no harmful
consequences. As a result, manufacturers focus
more on synthetic leather from natural fibers
like corn, palm, cotton, flax, soybean, and other
plants. These fibers have robust and flexible
fibers that are perfect for use in
manufacturing various products with
multiple applications. Several companies use
new and innovative technologies to produce
synthetic leather for various applications.
For instance, BASF produces thermoplastic
polyurethane (TPU) Elastollan, which is
extruded onto the fabric directly with the
help of non-solvent-based technology.
Elastollan provides wear resistance to synthetic
leather used in car seats. All in All Several
products employ synthetic leather because of
its adaptability. It is used for many
different purposes, including diary covers,
stationery, and sports equipment like various
balls, gloves, and pads. It gives some special
advantages, such as pricey leather at a lower
price. Compared to real leather, the product
is more low-maintenance, trendy, and
durable. Manufacturers offer a variety of
luxury items created from synthetic leather
to satisfy the
5
requests made by high-income groups. This
is anticipated to produce profitable chances
for the global synthetic leather market expansion
in the upcoming years. By Sukanya
Mukherjee FAQs Who are the leading players
operating in the global synthetic leather market?
Kuraray Co Ltd, Alfatex Italia SRL, Achilles USA
Inc, and BASF SE are some leading players
operating in the global synthetic leather
market. Which country is leading the global
synthetic leather market? Vietnam is leading the
global synthetic leather market.
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