Report Details:
15 Companies Covered
200 Pages
Market Research Future (MRFR) has published a cooked research report on the “China Artificial Leather Market” that contains the information from 2019 to 2035.
The Artificial Leather Market is estimated to register a CAGR of 6.703% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the China Artificial Leather Market— Zhejiang Hexin Holdings Co., Ltd, Anhui ANLI Material Technology Co., Ltd, Kolon Industries, WanHua New Materials Technology Co., Ltd, San Fang Chemical Industry Co., Ltd, Nan Ya Plastics Corporation, Waltery Synthetic Leather, Fujian Polytech Technology Co., Ltd, Boze Leather, Quanshun Leather and others.
China Artificial Leather Market Highlights
The China Artificial Leather Market is accounted for to register a CAGR of 6.703% during the forecast period and is estimated to reach USD 21,195.07 million by 2035.
China's artificial leather industry is experiencing a significant transformation driven by increased investment in research and development (R&D) focused on advanced alternative materials. This strategic shift aligns with global trends toward sustainability and innovation, positioning China as a key player in the evolution of artificial leather products.
Leading Chinese companies are at the forefront of developing bio-based and water-based artificial leathers that aim to reduce environmental impact. For instance, Anhui ANLI Material Technology Co., Ltd. is focusing on new material innovations such as bio-based, water-based, and GRS recyclable artificial leathers. Similarly, Huafon Microfibre Co., Ltd. has developed a purely water-based, sustainable material that has already established brand partnerships. These advancements not only cater to the growing demand for eco-friendly products but also enhance the performance and versatility of artificial leathers in various applications.
Moreover, international collaborations are accelerating the development of innovative artificial leather materials. In 2023, BASF Monomers Division and Xuchuan Chemical commemorated their strategic cooperation on bio-mass balanced (BMB) Methylene Diphenyl Di-isocyanate (MDI) in artificial leather applications, aiming to reduce carbon emissions in the production of polyurethanes for the industry. Such partnerships facilitate the exchange of knowledge and technology, fostering the creation of advanced materials that meet both performance and sustainability criteria.
Segment Analysis
The China Artificial Leather Market has been segmented based on Type and Application.
The China Artificial Leather Market segmentation, based on Type has been segmented into PU, PVC, Bio-Based. Among these, the PU Artificial Leather is projected to dominate the China Artificial Leather Market revenue through the projected period.
In Application segment, the market is categorized into Furnishing, Automotive, Footwear, Accessories, Clothing, Electronics, Others. Out of which the Footwear segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.
Key Findings of the Study
- The China Artificial Leather Market is expected to reach 21,195.07 million by 2035, at a CAGR of 6.703% during the forecast period.
- Based on Type, the PU segment was attributed to holding the largest market in 2024.
- Based on Application, the Footwear segment was attributed to holding the largest market in 2024.
- Zhejiang Hexin Holdings Co., Ltd, Anhui ANLI Material Technology Co., Ltd, Kolon Industries, WanHua New Materials Technology Co., Ltd, San Fang Chemical Industry Co., Ltd, Nan Ya Plastics Corporation, Waltery Synthetic Leather, Fujian Polytech Technology Co., Ltd, Boze Leather, Quanshun Leather and others are the key market players.
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https://www.marketresearchfuture.com/reports/artificial-leather-market-2426