Automotive PVC and PU Leather Market Size, Share, Growth, and Industry Analysis, By Type (PVC Leather, PU Leather), By Application (Seats, Door Panel, Instrument Panel, Consoles, Other), Regional Insights, and Forecast To 2032

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AUTOMOTIVE PVC AND PU LEATHER MARKET REPORT OVERVIEW

The global automotive PVC and PU leather market size was USD 1.16 billion in 2023 and the market is projected to touch USD 1.46 billion by 2032 at a CAGR of 2.6% during the forecast period.

A fabric created by humans, synthetic leather is frequently made of polyvinyl chloride (PVC) along with polyurethane (PU). It is synthetic leather, despite the fact that it appears to be genuine leather. Genuine leather's appearance is replicated by coloring and treating synthetic leather. The terms leather, mimic leather, leatherette, and leather that is vegan are all used to describe this type of leather. Synthetic leather has many advantages, including durability, colorfastness, and weather resistance. Because there are not any layers or joints, water cannot leak inside and harm the materials. It is mostly used in industries in which a leather feel is needed, such as footwear, furniture, clothing, interior design, and décor.

Given that this type of automotive PVC and PU leather continues to be strong and flexible, polyurethane leather is growing in popularity which further increases its usage in various fields. In order to avoid using any animal ingredients in its production, polyurethane leather is increasingly being referred to as "vegan leather."

The demand for products made of this synthetic leather is rising as a result of the absence of animal slaughter during the manufacture of polyurethane, which is advancing the market.

COVID-19 Impact: Interruption in Services to Deplete Market Growth

The COVID-19 pandemic has been unprecedented and staggering, automotive PVC and PU leather experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Critical commercial activities have slowed down as a result of the COVID-19 outbreak in many different countries. Future expenditures in this area are likewise probably to suffer from the impending economic downturn. The start of this specific pandemic has also had an impact on the corresponding supply chains of businesses all across the world.

A significant gap between market demand and supply was established as major economies enacted precautionary factory lockdowns, making it challenging for producers and sellers to control their supply operations. This main aspect is anticipated to have a negative impact on the worldwide automotive PVC and PU leather for car interior market's future revenue growth prospects. But this automotive PVC and PU leather market growth is anticipated to revive as forced lockdowns are progressively lifted and economies start to open again.

LATEST TRENDS

"Technological Advancements to Stimulate Market Development"

Leading firms in this target automotive PVC and PU leather area have a number of attractive chances because of technological advancements in the design of cutting-edge interior materials for automobiles. For both big and small scale automotive manufacturers that operate in several developing countries, the increased focus on growth tactics that include new product launches, acquisitions & mergers, alliances, and greater expenditures for improvements to products and new manufacturing plants, among others, are projected to generate revenue growth opportunities and help them strengthen their presence in these regions.

AUTOMOTIVE PVC AND PU LEATHER MARKET SEGMENTATION

• By Type

Based on type; the market is divided into PVC leather, PU leather

PVC leather is the leading part of the type segment.

• By Application

Based on the application; the market is divided into seats, door panel, instrument panel, consoles, other

Seats is the leading part of the application segment.

DRIVING FACTORS

"Automobile Manufacturers to Aid Market Expansion "

Automobile manufacturers are using synthetic leather in interior car parts including steering wheels and panels for doors as a result of the increased demand for visually appealing car interiors. For instance, car seats contribute significantly to a vehicle's overall weight reduction and improved fuel economy. The majority of artificial and imitation leather footwear, including formal shoes, is used by men, women, and children. A rise in the usage of artificial as well as synthetic materials for sports artificial shoes, casual shoes, loafers, sneakers, sandals, flip flops, and rubbery clogs is another factor contributing to the non-leather market's expansion.

"Utilization of PVC Based Category to Foster Industry Progress "

The automotive PVC and PU leather market is divided in PVC-based, PU-based, as well as bio-based segments depending on product. Polyvinyl chloride, also referred to by the acronym PVC or vinyl, is an elastic substance that has proliferated across contemporary society. PVC is a versatile material that is utilized in a variety of products, including tubes, floors, frames for windows, rainfall gutters, gardening furniture, and automotive components.

When PVC is softened with plasticizers, it is used to make medical devices, cling film, waterproof clothing, credit cards, bags made of plastic, and fabrics. PVC is given plasticizers to make it more malleable and flexible, and this greatly improves its performance.

RESTRAINING FACTORS

"Associated Environmental Concerns to Limit the Market Evolution "

Petrochemicals are used to manufacture synthetic leather, making it neither sustainable nor biodegradable. It takes a long time for the plastic to biodegrade, decompose, and form microplastics. Synthetic leathers made of PVC and polyurethane take 500 years to degrade. Since they have much lower quantities of volatile organic compounds (VOCs) than vinyl, they are safer to burn. On the contrary hand, because full or top grain leather is formed of organic material, it breaks down after only a few years.

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AUTOMOTIVE PVC AND PU LEATHER MARKET REGIONAL INSIGHTS

"Asia Pacific to Dominate the Market Owing to the Presence of Various Big Companies"

Asia Pacific area is predicted to have the highest CAGR. This is mainly because automotive PVC and PU leather is a manufactured fabric that imitates the appearance of real leather. It possesses a texture similar to that of leather and has been colored and processed to look and resemble real leather. It is widely used as a replacement for real leather because it is more affordable and does not call for the use of an actual animal hide. Moreover, the presence of various big companies will provide lucrative opportunities to expand the automotive PVC and PU leather market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Top Automotive Pvc And Pu Leather Companies

• Benecke-Kaliko (Germany)
• Kyowa Leather Cloth (Japan)
• CGT (Germany)
• Archilles (U.K.)
• Vulcaflex (Italy)
• Mayur Uniquoters (India)
• Scientex Berhad (Malaysia)
• Fujian Polyrech Technology (China)
• Wise Star (China)
• Anhui Anli Material Technology (China)
• MarvelVinyls (India)
• Xiefu Group (China)
• Super Tannery Limited (India)
• Zhongtong Auto Interior Material (China)
• Longyue Leather (China)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.