March 13, 2018:

    Artificial Leather Market 2018 Industry report presents a detailed analysis of the industry by Share, size, growth rate, Trends, Demand, key players, regions, product types & applications, the report also evaluates key factors that affected market growth and with the help of previous figures this report elaborates current scenario and forecast of Artificial Leather industry.

    Market Research Future (MRFR) recognizes the following companies as the key players in the Global Artificial Leather market: Filwel Co. Ltd (Japan), H.R.Polycoats Pvt. Ltd (India), Alfatex ITALIA (Italy), Mayur Uniquoters Ltd. (India), San Fang Chemical industry Co. Ltd (Taiwan), Kuraray Co. Ltd. (Japan), Teijin Limited (Japan), Asahi Kasei Corporation (Japan), Huafon Group (Japan), Toray Industries (Japan) and others.

    Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Artificial Leather market size is expected to grow at ~38.2 billion by 2022.

    Artificial leather is durable, cost effective and stain resistance which makes it more attractive then real leather. Growing fashion industry along with changing taste of people has shifted the demand for artificial leather across the industry. Wide variety of goods are produced from artificial leather. They are luggage, wallets, bags, jackets, car interiors, mobile cases and covers, sofas etc. Thus, growing application has boosted the demand for artificial leather market.

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    Regional analysis:

    The APAC region Artificial Leather market is expected to grow owing to rise in per captia income, changing lifestyle and growth expansion of middle class people in emerging economies. China being largest producer and consumer of artificial leather dominates the region in artificial leather market. China, India, Brazil and Indonesia are expected to drive the market demand owing robust industry growth.

    Europe witnessed a significant growth owing to being prominent player of automobile sector and consumer appliances. After economic downturn, the government is focusing more on bio-based products and low cost products with high durable quality.

    North America witnessed a slow growth owing to saturation of larger internal fashion brands. Due to this key player has reluctant to invest in these regions. This has led slow growth of product in North America market.

    Segmentation:

    The global Artificial Leather market is majorly segmented on the basis of types and end user industry. Based on types, artificial leather market is segmented into polyurethane (PU), polyvinyl chloride (PVC), bio based. Based on end user industry of artificial leather, the market is segmented into automotive, furnishing, footwear, clothing, others.

    Regional analysis:

    The APAC region Artificial Leather market is expected to grow owing to rise in per captia income, changing lifestyle and growth expansion of middle class people in emerging economies. China being largest producer and consumer of artificial leather dominates the region in artificial leather market. China, India, Brazil and Indonesia are expected to drive the market demand owing robust industry growth.

    Europe witnessed a significant growth owing to being prominent player of automobile sector and consumer appliances. After economic downturn, the government is focusing more on bio-based products and low cost products with high durable quality.

    North America witnessed a slow growth owing to saturation of larger internal fashion brands. Due to this key player has reluctant to invest in these regions. This has led slow growth of product in North America market.

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