As concerns about the ethics and cost related issues of using natural leather continue to grow, many manufacturers now prefer to use artificial synthetic leather. In fact, by 2022, the synthetic leather fabric market is expected to reach $136.7 billion.
Where is it coming from?
The demand of artificial leather for various industries is increasing. This is primarily from end users who use the material primarily in athletic shoes, handbags, furniture, automotive interiors and other sporting goods. Most importantly, the microfiber synthetic leather produced by Bensen is also preferred by the public for its unique characteristics, such as environmental protection, durability, high abrasion and tear resistance, beautiful and colorful, etc. This includes end users in countries with the most consumers, including the United States, Germany, France, China, Southeast Asia and Brazil, etc.
What is the most popular?
Among its many types, microfiber leather, suede microfiber leather, PVC and PU are the most popular. This is reflected in the ranking of the most demanded synthetic leather materials, namely (in order of demand) PVC, regular PU, microfiber PU and eco-functional PU.
This is not surprising, as there are various advantages, including cost effectiveness, durability and versatility. This also applies to microfiber leather, suede microfiber leather, PU and PVC leather. The use of microfiber leather, suede microfiber leather, PU and PVC leather in automotive trim, fashion and other products is not just for cost effectiveness. The rise in demand also comes from the added value that comes with it. You can find out more about microfiber synthetic leather, suede microfiber leather, PU and PVC leather in our product details.
And it really is taking over the world
Global demand is growing at a rate of 6.9% from 2018 onwards. This is why the market valuation is expected to reach USD 136.7 billion by 2022. Among the aforementioned countries, the automotive industry is leading the way by accounting for 40% of the global demand for synthetic leather. Moreover, Asia Pacific is the fastest growing region for synthetic leather market due to increasing population in China, India, Vietnam and Thailand.
Post time: Dec-09-2021