Published: Nov-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3929336

High End Synthetic Suede Market Size, Share, Growth & Demand Analysis Report By Product (Woven, Non-Woven) By Application (Automotive, Fashion, Furniture, Others) Forecast Period 2022-2030

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Market Overview:

The Global High-End Synthetic Suede Market size was valued at USD 1.2 billion in 2021 and is projected to register a valuation of USD 2 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.1% over the forecast period 2022-2030.

Synthetic suede is an important material that is made from a blend of polyester and whose production does not involve any kind of unethical practices or toxic substances that can disrupt the environment as well as the sentiments of animal welfare associations.

The high-end synthetic suede market is in a booming phase. The material gained prominence when ethical and environmental concerns arose over the use of natural suede, which involves animal slaughter. Since then, the use of synthetic suede has increased and most synthetic suede is made using recycled plastic fibers; However, now the use of bio-based materials has increased.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of the lockdown have impacted the high-end synthetic suede market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which have several negative impacts on the global high-end synthetic suede industry in terms of revenue.

Driving Factors:

Increasing demand for High-End Synthetic Suede in automotive applications. Rising need for replacement of natural suede due to environmental and ethical concerns and Consumer Preferences for Synthetic Suede.

Key Market Players:

  • Asahi Kasei Corporation
  • Kolon Industries, Inc.
  • Toray Industries, Inc., Ltd.
  • WINIW International Co., Ltd.
  • Seiren Co.
  • ECOLORICA MICROFIBER SRL
  • Rishabh Velveleen Ltd.
  • Nevotex AB
  • The Mitchell Group
  • Tapis Corp.
  • Zhejiang Meisheng New Material Co., Ltd.
  • Majilite Inc.
  • American Silk Mills
  • Ji’an Sanling Microfiber Co., Ltd

Market Segmentation:

The global high-end synthetic suede market is segmented by type, application, and region. By product type; woven and non-woven. By application; automotive, fashion, furniture, and others. By region; Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Product

On the basis of product, the non-woven segment is expected to boost during the forecast period, because Non-woven synthetic suede is normally lighter and weaker compared with woven ones.

  • Woven
  • Non-Woven

By Application

On the basis of application, the automotive segment is expected to boost during the forecast period, due to the increasing demand for high-end synthetic suede across the automotive industry.

  • Automotive
  • Fashion
  • Furniture
  • Others

Regional Analysis:

The global high-end synthetic suede market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

Germany dominates the synthetic suede market due to the prevalence of various major players, rising growth of the automotive sector as well as increasing consumer preferences towards luxury cars in the region. The country of China is expected to hold the largest growth rate in the Asia-Pacific high-end synthetic suede market during the forecast period of 2022-2030 owing to the growing application of the product from various industries such as automotive, fashion, and footwear in this sector.

Report Coverage:

Market Segmentation:

By Product

  • Woven
  • Non-Woven

By Application

  • Automotive
  • Fashion
  • Furniture
  • Others

By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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