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.
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.
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 covered | By End-User Industry, By Type
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| Regions covered | Al Qassim, Asir, Eastern Province, Mecca, Medina, Riyadh
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| 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.
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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:
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By End User Industry:
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Automotive
Clothing
Footwear
Furnishing
Purses & Wallets
Others
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By Type:
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Bio-based
PU-based
PVC-based
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By Region:
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Al Qassim
Asir
Eastern Province
Mecca
Medina
Riyadh
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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.
