Automotive PVC Artificial Leather Market Growth, Size, Share, Trends, and Forecast 2030

Automotive PVC Artificial Leather Industry Perspective:    

The global automotive PVC artificial leather market size was evaluated at $1,306.97 million in 2022 and is slated to hit $1,748.59 million by the end of 2030 with a CAGR of nearly 3.71% between 2023 and 2030.

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Automotive PVC Artificial Leather Market: Overview

Automotive PVC artificial leather, which is synthetic leather, is a human-made fabric that is made up of polyurethane or PVC which is then treated & dyed. Furthermore, it is cost-effective, versatile, and an apt substitute for real leather made from tanned animal hides. The product looks & feels like natural animal skin but does not have any hair or any kind of fur on its surface. For the record, automotive PVC artificial leather is manufactured as thin sheets with varied thicknesses based on the requirements of a slew of automotive applications.

Key Insights

• As per the analysis shared by our research analyst, the global automotive PVC artificial leather market is projected to expand annually at the annual growth rate of around 3.71% over the forecast timespan (2023-2030)
• In terms of revenue, the global automotive PVC artificial leather market size was evaluated at nearly $1,306.97 million in 2022 and is expected to reach $1,748.59 million by 2030.
• The global automotive PVC artificial leather market is anticipated to record massive growth over the forecast period owing to the low cost and easy availability along with lightweight.
• In terms of type, the seat leather segment is slated to register the fastest CAGR over the analysis period.
• On the basis of connectivity, the aftermarket segment is predicted to dominate the segmental surge over the forecast period.
• Region-wise, the European automotive PVC artificial leather market is projected to register the highest CAGR during the assessment timeline.

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Automotive PVC Artificial Leather Market: Growth Factors

Surging GHG emissions during pure leather tanning have boosted product demand in recent years

Low cost and easy availability along with lightweight will steer the expansion of the global automotive PVC artificial leather market. Furthermore, growing carbon emissions due to the tanning of pure leather leading to environmental degradation have led to humungous demand for automotive PVC artificial leather. Apart from this, escalating demand for animal-free products owing to apathy towards animals has resulted in massive product demand in European countries and North America, thereby steering the global market trends. In addition to this, the product is also utilized in automotive interiors, seats, and interior design in vehicles such as cars. Apparently, escalating demand for automotive PVC artificial leather in commercial and passenger cars will prompt the expansion of the market globally. New launches are likely to favorably impact the expansion of the global market in the years ahead. For instance, in the first half of 2019, GST AutoLeather Inc., a major leather supplier to various automotive manufacturers across the globe, launched a new leather finishing unit in Jiaxing, a Chinese City.

Automotive PVC Artificial Leather Market: Restraints

Breaking down the laminated surface of the product can lead to a decline in the sales of the product and halt the industry growth globally

PVC artificial leather used in vehicles is not resistant to puncture as well as wear & tear. Apart from this, the product cannot retain luster for an elongated time span in comparison to pure leather. All these aforementioned factors can hinder the expansion of the global automotive PVC artificial leather industry. Apart from this, the laminated surface of the product can break down over a long interval, thereby hindering global industry trends.

Automotive PVC Artificial Leather Market: Opportunities

Favorable features such as cost-effectiveness & low maintenance charges can open new growth avenues for the global market

Beneficial features such as affordability, low maintenance costs, sustainability, and durability along with production ease will create new growth opportunities for the automotive PVC artificial leather market across the globe. In addition to this, these products provide more comfort to vehicles as well as commuters & drivers and this will further increase the global market demand.

Automotive PVC Artificial Leather Market: Challenges

Stringent norms associated with leather usage in the automotive can be a big challenge for the global industry expansion

Strict government laws pertaining to the use of leather in the automotive sector in various developed countries have put up a big challenge for the industry players and can be a huge hurdle in the expansion of the automotive PVC artificial leather industry. Furthermore, supply chain disruptions leading to fluctuations in raw material costs can create a huge impediment to the growth of the global industry.

Automotive PVC Artificial Leather Market: Segmentation

The global automotive PVC artificial leather market is sectored into type, application, and region.   

In system terms, the global automotive PVC artificial leather market is segregated into seat leather, door panel leather, and instrument panel leather segments. In addition to this, the seat leather segment, which accumulated nearly 33% of the global market share in 2022, is slated to register the highest gains in the forecast timespan. The growth of the segment in the coming years can be owing to the rise in the use of PVC artificial leather in producing seat leathers due to their UV resistance, longevity, low maintenance needs, resilience, and high sheen. In addition to this, the low costs of PVC artificial leather have translated into the large-scale use of the product in automotive.

Based on application, the global automotive PVC artificial leather industry is bifurcated into OEM and aftermarket segments. In addition to this, the aftermarket segment, which accounted notably for the global industry share in 2022, is set to establish segmental dominance in the upcoming years. The segmental surge over the assessment timeframe can be due to the low costs of PVC resulting in its massive use in the aftermarket segment. For the record, the automotive artificial PVC leather on trucks costs nearly between $1,400 and $1,900 while the product purchased from OEM can cost about $4,500 or more. Apart from this, customization is another factor that plays a significant role in influencing product demand in the aftermarket segment.

Automotive PVC Artificial Leather Market: Report Scope

Automotive PVC Artificial Leather Market: Regional Insights

Asia-Pacific is likely to establish a leading position in the global market over 2023-2030

Asia-Pacific, which accounted for half of the global automotive PVC artificial leather market share in 2022, will be the leading region during the forecast period. Moreover, the growth of the market in the sub-continent can be due to the presence of key automotive manufacturers in the countries such as India, Japan, South Korea, China, Malaysia, Thailand, and Indonesia. In addition to this, a rise in disposable incomes and an increase in the living standards of the people in emerging economies will contribute remarkably towards the regional market size. Easy availability of the raw materials used in the production of automotive PVC artificial leather and lower wages will further boost the regional market trends.

The European automotive PVC artificial leather industry is set to register the highest CAGR owing to a rise in the use of artificial leather in luxury vehicles. Apart from this, growing green energy trends have led to a growing preference of the end-users for eco-friendly products such as PVC artificial leather in the automotive sector. This, in turn, will embellish the growth of the industry in Europe. For the record, German automotive manufacturers such as Audi, BMW, and Mercedes Benz have started using artificial leather in their vehicle upholstery with the aim of contributing towards the global green initiative. Such moves will contribute majorly towards the market earnings in the region.

Automotive PVC Artificial Leather Market: Competitive Space

The global automotive PVC artificial leather market profiles key players such as:

• Benecke Kaliko
• Scientex Berhad
• Fujian Polytech Technology
• Achilles USA Inc.
• Canadian General Tower (CGT)
• Premier Polyfilms Limited
• H.R. Polycoats Pvt. Ltd.
• Polyfabs
• Longyue Leather
• Vortex Flex Pvt Ltd
• Kyowa Leather Cloth
• Wise Star
• Mayur Uniquoters
• Jiangsu Zhongtong Auto Interior Material
• Xiefu Group
• MarvelVinyls
• Vulcaflex
• Super Tannery Limited
• RMG Polyvinyl India Limited
• Veekay Polycoats
• Leo Vinyls.

The global automotive PVC artificial leather market is segmented as follows:

By Type

• Seat Leather
• Door Panel Leather
• Instrument Panel Leather

By Application

• OEM
•  Aftermarket

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa