Waterborne Polyurethane Resin for Synthetic Leather Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global market for waterborne polyurethane resin used in synthetic leather was valued at approximately USD 2.4 billion in 2022. This market is projected to expand at a compound annual growth rate (CAGR) of around 6.8% from 2023 to 2028. The growth is driven by increasing demand for eco-friendly and sustainable materials in the automotive, footwear, and furniture industries. Additionally, stringent environmental regulations are pushing manufacturers to adopt waterborne polyurethane resin as a cleaner alternative to solvent-based resins. The market's expansion is supported by the rising consumer preference for synthetic leather products that offer durability and aesthetic appeal while minimizing ecological impact.
Opportunities in the waterborne polyurethane resin market for synthetic leather are substantial due to evolving consumer trends and technological advancements. The increasing emphasis on sustainable production processes and the development of innovative, high-performance resins are likely to provide significant growth prospects. Emerging markets in Asia-Pacific, particularly in countries like China and India, are witnessing accelerated industrialization and urbanization, driving demand for synthetic leather across various applications. Moreover, advancements in resin formulation and processing technologies are expected to enhance the performance and application scope of waterborne polyurethane resins, further propelling market growth.
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Huide Science & Technology
Tai Chin Chemical Industry
Toyopolymer
Zhejiang Huafon Synthetic Resins
Zhejiang Hexin Holdings
Great Eastern Resins Industrial
Xuchuan Chemical
DIC CORPORATION
Anhui Sinograce Chemical
Huada Chemical
Hongdeli
Wanshun Chemical
Flokser Kimya
Seikoh Chemical
Jiuh Yi Chemical Industrial
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Waterborne Polyurethane Resin for Synthetic Leather Market
Car Seat
Indoor Decorations
Luggage
Footwear
Others
Based on Types the Market is categorized into Below types that held the largest Waterborne Polyurethane Resin for Synthetic Leather market share In 2023.
Dry Process
Wet Process
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Waterborne Polyurethane Resin for Synthetic Leather Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Waterborne Polyurethane Resin for Synthetic Leather Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Waterborne Polyurethane Resin for Synthetic Leather Market, By Type
6. Global Waterborne Polyurethane Resin for Synthetic Leather Market, By Application
7. Global Waterborne Polyurethane Resin for Synthetic Leather Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Waterborne Polyurethane Resin for Synthetic Leather Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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