About Leatherette
Leatherette is a synthetic material designed specifically to impersonator leather. Leatherette is also known as fake leather, faux leather, and synthetic leather, although in the furniture industry, leatherette is the most common name. Leatherette is usually made up of natural or synthetic cloth fibers layered with PVC or polyurethane and contains no animal by-products, unlike real leather which is made from animal hide treated with chemicals. The fabric is given an imitation leather finish and texture with wax, dye, polyvinyl chloride (PVC), or polyurethane.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Leatherette market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
H.R. Polycoats Pvt. Ltd. (India), Teijin Limited (Japan), Zhejiang Hexin Industry Group Co., Ltd. (China), Mayur Uniquoters Ltd. (India), Kuraray Co. Ltd. (Japan), Nan Ya Plastics Co. Ltd. (Taiwan), Filwel Co. Ltd. (Japan), San Fang Chemical industry Co. Ltd (Taiwan), Alfatex (Italy) and Yantai Wanhua Synthetic Leather Group Co. Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Leatherette market by Type (Poly Vinyl Chloride (PVC), Polyurethane (PU) and Bio-Based), Application (Furniture, Shoes, Bags, Automotive and Others) and Region.
On the basis of geography, the market of Leatherette has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Leatherette market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Eco-Friendly Product and Prevents Killing of Animals
Market Growth Drivers:
Growing Demand due to the Changing Customer Inclination and Low Cost of Leatherette over Pure Leather
Challenges:
Presence of Alternative in the Operating Market and Low Demand from the Middle East Region
Restraints:
Fluctuation in the Prices of Raw Material and Intense Competition among Established Players
Opportunities:
Increasing Demand from the Developing Countries
Market Leaders and their expansionary development strategies
On September 2, 2019 - Teijin Limited announced that it has completed the acquisition of Benet Automotive s.r.o. (Benet), a leading automotive composite and component supplier in the Czech Republic, from Jet Investment. Teijin will benefit from Benet's automotive composite technologies and its well-proven supply record; these will serve as a solid foundation on which to further strengthen Teijin's solution development capabilities as a component supply partner of automotive OEM customers in Europe.
In Oct 2022, Tata Motors has launched an optional Leatherette pack in the Tigor’s top-spec XZ+ trim. The factory fitted upholstery is offered with the petrol manual and AMT, as well as CNG powertrain options.
Key Target Audience
Manufacturers of Leatherette, Suppliers of Leatherette, Wholesalers, Distributors and Retailers of Leatherette, Automobile Industry and Regulatory Body
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.