Synthetic Leather Market Size, Share, Growth Analysis, By Type(PVC-based, PU-based, Bio-based), By End-User(Automotive, Footwear, Clothing, Furnishing), By Region - Industry Forecast 2024-2031

Synthetic Leather Market Driver

• The demand for shoes, cars, furniture, and clothing is likely to increase in the next years, driving the synthetic leather market. Regarding the raw material, there may be cause for concern. Commonly utilized as raw materials for synthetic materials are polyvinylchloride and polyurethane. Human health is adversely affected by polyvinylchloride because it can be poisonous. It may lead to serious health problems like cancer, hormone disruption, and immune system harm.
• The rise in vegans is fueling the desire for synthetic leather because of the material's origin. Nowadays, many businesses steer clear of using animal products to make leather. Typically, wet coagulation or dry coagulation, along with the transfer coating technique, are used to create synthetic leather. The difference between genuine and synthetic leather can be very challenging. Genuine leather is often more expensive and more expensive than synthetic leather. Compared to genuine leather, it has a matte appearance and is glossier. It is UV resistant and does not fade quickly. It is not produced from animal hide and skin, which is the primary and most significant difference.
• The reduced manufacturing cost of synthetic leather is another important factor encouraging its use. Natural leather is more expensive than synthetic leather, yet the latter's production is simpler. As a result, investments in synthetic leather have increased, which will help it gain market share. Activities involved in making natural leather, notably tanning, harm the environment. The price is another significant aspect influencing the shift in demand for synthetic leather. Government rules and environmental legislation have contributed to an increase in demand for synthetic leather.

Synthetic Leather Market Restraint

• Among other synthetic leather basic materials, polyvinyl chloride and polyurethane are bad for the environment, animal health, and human health. It's true that polyurethane isocyanate might irritate the lungs and cause asthma episodes. It affects the epidermis and makes breathing more difficult. Fumes from polyurethane are frequently inhaled by workers in polyurethane manufacturing plants, which can give them nausea, vomiting, and vertigo.
• Dioxin, phthalates, and vinyl chloride monomer are some of the toxic carcinogens found in polyvinyl chloride. The very toxic and lethal chemical dioxin is released whenever chlorine-containing substances are burned. The synthetic leather industry is hampered by the harmful effects of polyurethane and the manufacture of polyvinyl chloride. Thus, the negative effects of polyurethane and polyvinyl chloride are expected to hinder the market's growth.