Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,306.97 million | USD 1,748.59 million | 3.71% | 2022 |
FrequentlyAsked Questions
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.
The global automotive PVC artificial leather market growth is owing to growing carbon emissions due to the tanning of pure leather leading to environmental degradation.
According to a study, the global automotive PVC artificial leather industry size was $1,306.97 million in 2022 and is projected to reach $1,748.59 million by the end of 2030.
The global automotive PVC artificial leather market is anticipated to record a CAGR of nearly 3.71% from 2023 to 2030.
The European automotive PVC artificial leather industry is set to register the highest CAGR over the forecasting timeline owing to the 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.
The global automotive PVC artificial leather market is led by 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, and Leo Vinyls.
The automotive PVC artificial leather market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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