Synthetic Leather for Durable Accessories

Synthetic leather or faux leather is an artificial fabric that is manufactured using polyurethane (PU) or polyvinyl chloride (PVC). It looks similar to animal leather, which is produced using animal hide.

Delving Deeper into ‘Synthetic Leather’

Synthetic leather was designed in the early 20th century. PVC was the first form of manmade leather fashioned in 1920 using carcinogenic chemicals. This leather is ideally used in furniture industry. Another type of synthetic leather, PU (Polyurethane) is produced using coating cotton or polyesters with a polymer. This makes the leather smoother and suitable for clothing and bags.

Synthetic leather is durable, stain-resistant, and easy to maintain. It is UV rays resistant and cheaper than real leather. Therefore it is used in manufacturing footwear, clothing, automotive, wallets & bags, and furniture.

PVC Vinyl for Durable Accessories

Recently, H.R.Polycoats Pvt. Ltd. has developed PVC vinyl artificial leather that can be used in designing footwear and automotive products. This leather is available in several polyester backings, woven and nonwoven, which is suitable for footwear manufacturing. The company also produces uppers and lining materials using advanced technology. The material consists of adequate strength, durablity, and resistant to temperature, water, and alcohol. It can be used in manufacturing automotive parts such as steering wheel covers, seats, door trims, and gear boots.

Market Overview

Increasing demand from footwear sector is anticipated to propel the overall synthetic Leather market in the near future. According to a report by Grand View Research, Inc.; the global market is predicted to gain nearly USD 85.05 billion by 2025. In 2015, PU leather led the overall market in terms of revenue. It is predicted to gain around USD 51.9 billion till 2025.

Strict regulations and rising awareness regarding animal rights owing to the programs run by PETA, PAWS, and WWF are the major market drivers. Asia Pacific is anticipated to grow at a CAGR 11.7% over the forecast period, due to fast economic growth in Japan, India, China, and Korea.

Prominent player operating in the market for synthetic leather are Mayur Uniquoters Limited, Nan Ya Plastics Corporation, Alfatex Italia SRL, Kuraray Co. Ltd., and H.R.Polycoats Pvt. Ltd.

In-Depth research report on Synthetic Leather Market:

http://www.grandviewresearch.com/industry-analysis/synthetic-leather-market