Japan Synthetic Leather Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 8.28% from 2023 to 2033
• The Japan Synthetic Leather Market Size is Expected to Hold a Significant Share by 2033

The Japan Synthetic Leather Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 8.28% from 2023 to 2033.

Market Overview

Synthetic leather is a material that is used in place of leather in clothes, shoes, upholstery, fabrics, and other items. A man-made material, synthetic leather is often made of polyvinyl chloride (PVC) or polyurethane (PU). Although it seems like real leather, it is man-made leather. Genuine leather is replicated in the coloring and treatment of synthetic leather. Additionally, weather resistance, color retention, and durability are just a few benefits of synthetic leather. Since there are no layers or joints, water cannot seep inside and erode the material. Furthermore, producers' attention has been sharply diverted toward synthetic leather as a result of increased awareness of laws about animal cruelty, which is one of the main reasons for the synthetic leather market's explosive growth.

Report Coverage

This research report categorizes the market for the Japan synthetic leather market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan synthetic leather market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan synthetic leather market.

Driving Factors

In Japan, there is a noticeable surge in demand for strong, lightweight materials for car upholstery. Japan has been a leader in the use of synthetic leather in car interiors due to the country's growing preference for lightweight automobiles and rising consumer demand for maximum efficiency. Additionally, the fashion and interior sectors are experiencing a spike in demand for ethical and vegan alternatives due to the growing understanding among Japanese consumers regarding animal welfare.

Synthetic leather very closely resembles real leather in appearance and feel and comes with several extra benefits because to Japan's strong technological innovation. Japan has more water-resistant synthetic leather that is appropriate for a range of weather situations, in addition to being simpler to clean and maintain. Furthermore, a greater range of textures, finishes, and colors can now be produced from synthetic leather due to Japan's advances in materials science, giving designers and manufacturers more creative freedom.

Restraining Factors

The lack of porosity and comfort that come with synthetic leather are drawbacks that could impede the market's expansion.

Market Segmentation

The Japan synthetic leather market share is classified into type and end-use industry.

• The PU-based segment is expected to hold a significant market share through the forecast period.

The Japan synthetic leather market is segmented by type into PU-based, PVC-based, and bio-based. Among these, the PU-based segment is expected to hold a significant market share through the forecast period. PU-based synthetic leather is the most popular type in the market for synthetic leather because of its adaptability, affordability, durability, and environmental benefits. It is used in a variety of end-use sectors, including clothes, footwear, furnishings, automobiles, bags, purses, and wallets.

• The footwear segment is expected to dominate the Japan synthetic leather market during the forecast period.       

Based on the end-use industry, the Japan synthetic leather market is divided into footwear, furnishing, automotive, clothing, bags, and purses & wallets. Among these, the footwear segment is expected to dominate the Japan synthetic leather market during the forecast period. Footwear producers are finding that synthetic leather is a more affordable option that yet looks good and is fashionable.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan synthetic leather market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kuraray Co., Ltd.
• Teijin Limited
• Toray Industries
• Asahi Kasei
• FILWEL Co., Ltd.
• Achilles Corp
• Kolon Industries Inc.1
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2022, Kuraray Co., Ltd. created CLARINOTM Microfiber Leather by using its development and research activities resources to create synthetic leather products.

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Synthetic Leather Market based on the below-mentioned segments:

Japan Synthetic Leather Market, By Type

• PU-based
• PVC-based
• Bio-based

Japan Synthetic Leather Market, By End-use Industry

• Footwear
• Furnishing
• Automotive
• Clothing
• Bags
• Purses & Wallets