The global high end synthetic suede market size reached US$ 1.13 billion in 2023. Looking forward, the market is projected to reach US$ 1.84 billion by 2032, exhibiting a growth rate (CAGR) of 5.58% during 2023-2032. The rising demand for lightweight materials, widespread product adoption in the automotive industry and various product innovations represent some of the key factors driving the market.
High end synthetic suede is a type of leather manufactured using polyester and other plastic blends. These fabrics are brushed, sanded, or chemically treated to provide the look and feel of napped leather. They are widely used for high-end belts, seat covers for automobiles, inner linings for jackets, and designer hats. High end synthetic suede is easy to sew, care for, and wear and does not peel, shrink, or crack. They are extremely durable, need minimal maintenance, and are resistant to stains, water, and wind. As compared to natural suede, high end synthetic suede is cost-effective and environmentally friendly. As a result, high end synthetic suede is widely used in apparel and accessory applications and the automotive, fashion, and furniture industries.
At present, the widespread product adoption in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. High end synthetic suede is widely used due to the rising demand for lightweight materials, especially in steering-wheel covers, shift knobs, and seat covers, which, in turn, is favoring the market growth significantly. Moreover, as it is well suited to handle high-volume usage and resist spills and temperature variations while maintaining its shape and luxurious feel, there is a steadily rising demand for high-end synthetic suede from various industries, which is currently acting as another growth-inducing factor.
Apart from this, stringent animal welfare laws enforced worldwide are further facilitating the demand for synthetic suede alternatives as they are environmentally friendly. Additionally, the increasing product demand due to its numerous advantages, such as high heat retention abilities and low stretchability, is propelling the market growth. Along with this, the widespread utilization of high end synthetic suede in clothing, shoes, accessories, furniture, and upholstery applications is providing an impetus to the market growth.
Furthermore, the rising environmental concerns among individuals and the growing awareness regarding sustainable fashion are positively influencing the market growth. Other factors, including the implementation of various government initiatives to create awareness regarding the potential hazards of leather and extensive research and development (R&D) activities, are anticipated to drive the market growth.
2. What is the expected growth rate of the global high end synthetic suede market during 2024-2032?
3. What are the key factors driving the global high end synthetic suede market?
4. What has been the impact of COVID-19 on the global high end synthetic suede market?
5. What is the breakup of the global high end synthetic suede market based on the type?
6. What is the breakup of the global high end synthetic suede market based on the product?
7. What is the breakup of the global high end synthetic suede market based on the application?
8. What are the key regions in the global high end synthetic suede market?
9. Who are the key players/companies in the global high end synthetic suede market?
High end synthetic suede is a type of leather manufactured using polyester and other plastic blends. These fabrics are brushed, sanded, or chemically treated to provide the look and feel of napped leather. They are widely used for high-end belts, seat covers for automobiles, inner linings for jackets, and designer hats. High end synthetic suede is easy to sew, care for, and wear and does not peel, shrink, or crack. They are extremely durable, need minimal maintenance, and are resistant to stains, water, and wind. As compared to natural suede, high end synthetic suede is cost-effective and environmentally friendly. As a result, high end synthetic suede is widely used in apparel and accessory applications and the automotive, fashion, and furniture industries.
At present, the widespread product adoption in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. High end synthetic suede is widely used due to the rising demand for lightweight materials, especially in steering-wheel covers, shift knobs, and seat covers, which, in turn, is favoring the market growth significantly. Moreover, as it is well suited to handle high-volume usage and resist spills and temperature variations while maintaining its shape and luxurious feel, there is a steadily rising demand for high-end synthetic suede from various industries, which is currently acting as another growth-inducing factor.
Apart from this, stringent animal welfare laws enforced worldwide are further facilitating the demand for synthetic suede alternatives as they are environmentally friendly. Additionally, the increasing product demand due to its numerous advantages, such as high heat retention abilities and low stretchability, is propelling the market growth. Along with this, the widespread utilization of high end synthetic suede in clothing, shoes, accessories, furniture, and upholstery applications is providing an impetus to the market growth.
Furthermore, the rising environmental concerns among individuals and the growing awareness regarding sustainable fashion are positively influencing the market growth. Other factors, including the implementation of various government initiatives to create awareness regarding the potential hazards of leather and extensive research and development (R&D) activities, are anticipated to drive the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global high end synthetic suede market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on type, product, and application.Type Insights
- Single-Sided Leather
- Double-Sided Leather
Product Insights
- Woven
- Non-Woven
Application Insights
- Automotive
- Fashion
- Furniture
- Others
Regional Insights
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global high end synthetic suede market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Asahi Kasei Corporation, Ecolorica Microfiber S.r.l., Ji’an Sanling Microfiber Co. Ltd., Kolon Industries, Majilite Inc. (Meridian Industries Inc.), Seiren Co. Ltd., Talwar Fabriks, Tapis Corporation, The Mitchell Group, The Rishabh Velveleen Ltd, Toray Industries Inc., WINIW International Co. Ltd., Zhejiang Meisheng New Material Co. Ltd., etc. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. How big is the global high end synthetic suede market?2. What is the expected growth rate of the global high end synthetic suede market during 2024-2032?
3. What are the key factors driving the global high end synthetic suede market?
4. What has been the impact of COVID-19 on the global high end synthetic suede market?
5. What is the breakup of the global high end synthetic suede market based on the type?
6. What is the breakup of the global high end synthetic suede market based on the product?
7. What is the breakup of the global high end synthetic suede market based on the application?
8. What are the key regions in the global high end synthetic suede market?
9. Who are the key players/companies in the global high end synthetic suede market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global High End Synthetic Suede Market
6 Market Breakup by Type
7 Market Breakup by Product
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asahi Kasei Corporation
- Ecolorica Microfiber S.r.l.
- Ji’an Sanling Microfiber Co. Ltd.
- Kolon Industries
- Majilite Inc. (Meridian Industries Inc.)
- Seiren Co. Ltd.
- Talwar Fabriks
- Tapis Corporation
- The Mitchell Group
- The Rishabh Velveleen Ltd
- Toray Industries Inc.
- WINIW International Co. Ltd.
- Zhejiang Meisheng New Material Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.13 Billion |
| Forecasted Market Value ( USD | $ 1.84 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
