Saudi Arabia Synthetic Leather Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Saudi Arabia Synthetic Leather Market Size– By End User, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Saudi Arabia Synthetic Leather Market Size– By End User, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: CHEM2417 Pages: 1 - 104 Formats*:     
Category : Chemical & Materials
Saudi Arabia Synthetic Leather Market Introduction and Overview

According to SPER Market Research, the Saudi Arabia Synthetic Leather Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.  

The report includes an in-depth analysis of the South Korea Autonomous Ships Market, including market size and trends, product mix, Types, and supplier analysis. Plastic is a common component of synthetic leather, a material that replicates the look of genuine leather. There is a wide variety of finishes, colours, textures, and sometimes even fragrances available. Synthetic leather is mostly used in clothing, luggage, cases, furniture, and shoes. Since it needs to be manufactured, genuine leather is costly to produce and comes from animals. They can therefore be produced, maintained, and priced far less than natural leather. To put it simply, synthetic leather is a type of cloth made of plastic.

  • March 2023: Changes to the securities offer regulations that govern an additional option for capital increase are approved by the CMA. The Capital Market Authority (CMA) gave its approval on March 3 to change the regulations governing the offering of securities and the ongoing need to oversee an extra option for capital increases.
  • April 2023:  A Taiwan-based maker of silicone materials, General Silicones Co., Ltd., announced in April 2023 the introduction of Compo-SiL (SL series), a vegan synthetic leather. This series is intended for companies that manufacture shoes, backpacks, wallets, purses, and other accessories and are looking for vegan leather supplies.
Saudi Arabia Synthetic Leather Market
Market Opportunities and Challenges
Saudi Arabia's leather goods sector is a booming one that is expanding rapidly. The utilization of exotic leather and innovative design techniques have facilitated the ability of producers to meet the demands of affluent and discerning consumers. Important industry participants are also concentrating on creating bespoke and customized leather items to entice customers to spend more on high-end goods. Environmentally conscious leather goods are being produced in Saudi Arabia at a higher rate as a result of the country's consumers' growing environmental consciousness. Handbags, shoes, and accessories are in greater demand as Colombia's economy expands. Saudi Arabian producers of leather goods are capitalizing on this trend by creating upscale goods with distinctive styles.

The need for more environmentally friendly and sustainable materials may rise as people become more conscious of environmental issues. Manufacturers of synthetic leather might have trouble responding to environmental issues and adapting to shifting consumer tastes. Genuine leather and synthetic leather are frequently in competition. The decision between genuine and synthetic leather can be influenced by economic variables and consumer perceptions of quality, which presents hurdles for the expansion of the synthetic leather business. Compliance with laws and guidelines pertaining to the creation and application of synthetic materials might provide difficulties. Manufacturers are responsible for making ensuring that regional and global laws are followed. Changes in the global and Saudi Arabian economies can have an impact on consumer spending.

Saudi Arabia Synthetic Leather Market


Market Competitive Landscape
Details per competitor are provided by the competitive landscape of the Saudi Arabia Synthetic Leather industry. The firm's overview, financials, revenue, market potential, R&D investment, new market initiatives, regional presence, company strengths and weaknesses, product introduction, product width and breadth, and application domination are all mentioned in the details. Some of major players are Teijin Limited, Mayur Uniquoters Limited, Alfatex Group, Filwel Co., Ltd., Nan Ya Plastics Corporation, San Fang Chemical Industry Co., Ltd., Yantai Wanhua Synthetic Leather Group Co., Ltd., Daewon Chemical Co., Ltd., Gruppo Mastrotto and various others. 

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy End-User Industry, By Type
 Regions covered
Al Qassim, Asir, Eastern Province, Mecca, Medina, Riyadh
 Companies CoveredTeijin Limited, Mayur Uniquoters Limited, Alfatex Group, Filwel Co., Ltd., Nan Ya Plastics Corporation, San Fang Chemical Industry Co., Ltd., Yantai Wanhua Synthetic Leather Group Co., Ltd., Daewon Chemical Co., Ltd., Gruppo Mastrotto and various others.
COVID-19 Impact on Saudi Arabia Synthetic Leather Market 
Throughout the epidemic, there were notable shifts in consumer behaviour. Lockdowns and economic uncertainty may have caused changes in consumer choices, which in turn may have affected the market for synthetic leather goods used in upholstery, fashion, and automobiles. One of the biggest markets for synthetic leather used in interior design is the car industry. During the pandemic, the industry faced difficulties; however, when economies recovered and people resumed more regular activities, the demand for synthetic leather in the automotive market increased. There have also been positive effects. The fashion business has seen shifts in consumer preferences and purchasing habits, which has an impact on the synthetic leather used in various items. Online shopping gained popularity.

Key Target Audience:
  • Consumers
  • Industry consultants
  • Manufacturers
  • Suppliers 
  • Associations & organizations related to the Leather Goods industry
  • Government Bodies
  • Healthcare Industry
  • Sporting Goods
Our in-depth analysis of the Saudi Arabia Synthetic Leather Market includes the following segments:
By End User Industry:
  • Automotive
  • Clothing
  • Footwear
  • Furnishing
  • Purses & Wallets
  • Others
  • By Type:
  • Bio-based
  • PU-based
  • PVC-based
  • By Region:
  • Al Qassim
  • Asir
  • Eastern Province
  • Mecca
  • Medina
  • Riyadh
  • Key Topics Covered in the Report
    • Saudi Arabia Synthetic Leather Market Size (FY’2023-FY’2033)
    • Overview of Saudi Arabia Synthetic Leather Market 
    • Segmentation of Saudi Arabia Synthetic Leather Market By End-User Industry (Automotive, Clothing, Footwear, Furnishing, Purses & Wallets, Others)
    • Segmentation of Saudi Arabia Synthetic Leather Market By Type (Bio-based, PU-based, PVC-based)
    • Statistical Snap of Saudi Arabia Synthetic Leather Market 
    • Expansion Analysis of Saudi Arabia Synthetic Leather Market 
    • Problems and Obstacles in Saudi Arabia Synthetic Leather Market 
    • Competitive Landscape in the Saudi Arabia Synthetic Leather Market 
    • Impact of COVID-19 and Demonetization on Saudi Arabia Synthetic Leather Market 
    • Details on Current Investment in Saudi Arabia Synthetic Leather Market 
    • Competitive Analysis of Saudi Arabia Synthetic Leather Market 
    • Prominent Players in the Saudi Arabia Synthetic Leather Market 
    • SWOT Analysis of Saudi Arabia Synthetic Leather Market 
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impact of the Saudi Arabia Synthetic Leather Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Saudi Arabia Synthetic Leather Market Manufacturing Base Distribution, Sales Area, Type, Application
    6.2. Mergers & Acquisitions, Partnerships, Type  Launch, and Collaboration in Saudi Arabia Synthetic Leather Market 

    7. Saudi Arabia Synthetic Leather Market, By End User Industry, 2019-2033 (USD Million)
    7.1. Saudi Arabia Synthetic Leather Market Value Share and Forecast, By End-User Industry, 2023-2033
    7.2. Automotive
    7.3. Clothing
    7.4. Footwear
    7.5. Furnishing
    7.6. Purses & Wallets
    7.7. Others

    8. Saudi Arabia Synthetic Leather Market, By  Type, 2019-2033 (USD Million)
    8.1. Saudi Arabia Synthetic Leather Market Value Share and Forecast, By Type, 2023-2033
    8.2. Bio-based
    8.3. PU-based
    8.4. PVC-based

    9.  Saudi Arabia Synthetic Leather Market  Forecast, 2019-2033 (USD Million)
    9.1. Saudi Arabia Synthetic Leather Market Size and Market Share

    10.  Saudi Arabia Synthetic Leather Market, By End-User Industry, 2019-2033 (USD Million)
    10.1. Saudi Arabia Synthetic Leather Market Size and Market Share By End-User Industry (2019-2026)
    10.2. Saudi Arabia Synthetic Leather Market Size and Market Share By End-User Industry (2027-2033)

    11. Saudi Arabia Synthetic Leather Market, By Type, 2019-2033 (USD Million)
    11.1. Saudi Arabia Synthetic Leather Market Size and Market Share By Type (2019-2026)
    11.2. Saudi Arabia Synthetic Leather Market Size and Market Share By Type (2027-2033)

    12.  Saudi Arabia Synthetic Leather Market, By Region, 2019-2033 (USD Million)
    12.1. Saudi Arabia Synthetic Leather Market Size and Market Share By Region (2019-2026)
    12.2. Saudi Arabia Synthetic Leather Market Size and Market Share By Region (2027-2033) 
    12.2.1. Al Qassim
    12.2.2. Asir
    12.2.3. Eastern Province
    12.2.4. Mecca
    12.2.5. Medina
    12.2.6. Riyadh

    13. Company Profile
    13.1. Alfatex Group
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Type  summary 
    13.1.4. Recent developments
    13.2. Daewon Chemical Co., Ltd.
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Type  summary 
    13.2.4. Recent developments
    13.3. Filwel Co., Ltd.
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Type  summary 
    13.3.4. Recent developments
    13.4. Gruppo Mastrotto
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Type  summary 
    13.4.4. Recent developments
    13.5. Mayur Uniquoters Limited
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Type  summary 
    13.5.4. Recent developments
    13.6. Nan Ya Plastics Corporation
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Type  summary 
    13.6.4. Recent developments
    13.7. San Fang Chemical Industry Co., Ltd.
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Type  summary 
    13.7.4. Recent developments
    13.8. Teijin Limited
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Type  summary 
    13.8.4. Recent developments
    13.9. Others

    15 List of Abbreviations

    16 Reference Links

    17 Conclusion

    18 Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Saudi Arabia Synthetic Leather Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
    Saudi Arabia Synthetic Leather Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
    Saudi Arabia Synthetic Leather Market CAGR of XX% during the forecast period.
    Saudi Arabia Synthetic Leather Market size is USD XX billion from 2023 to 2033.
    Saudi Arabia Synthetic Leather Market Segment is Covered By End-User Industry, By Type
    The Middle East region is anticipated to have the highest market share in Saudi Arabia Synthetic Leather Market.
    The key players in the market include Companies Covered Teijin Limited, Mayur Uniquoters Limited, Alfatex Group, Filwel Co., Ltd., Nan Ya Plastics Corporation, San Fang Chemical Industry Co., Ltd., Yantai Wanhua Synthetic Leather Group Co., Ltd., Daewon Chemical Co., Ltd., Gruppo Mastrotto and various others.
    Saudi Arabia's leather goods sector is a booming one that is expanding rapidly. The utilization of exotic leather and innovative design techniques have facilitated the ability of producers to meet the demands of affluent and discerning consumers.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-McKinsey
    SPER-Bain
    SPER-Max-Healthcare
    SPER-DHL
    SPER-SIEMENS
    SPER-IQVIA
    SPER-Pfizer
    SPER-LOREAL
    SPER-Kankar IMRB
    SPER-ITA
    SPER-PWC
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-IPSOS
    SPER-Heineken

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650