The Suede market is expected to grow at a CAGR of 5.5% between 2022 and 2027, from USD 63.3 billion in 2021 to USD 78.5 billion in 2027.
Suede Market Overview
The manufacture of bio-based Suede does not have any harmful traits. Manufacturers should focus on commercializing synthetic leather production by natural fibers such as flax or fibers of cotton mixed with palm, soybean, corn, and other plants. A new product in the Suede leather market, called “Pinatex,” is being made from pineapple leaves. The fiber present in these leaves has the strength and flexibility needed for the manufacturing process. Pineapple leaves are considered a waste product, and thus, they are used to upscale them into something of value without using many resources. Shoes, handbags, and other accessories made of pineapple fibers have already hit the marketplace. Considering the growing government and environmental regulations regarding the usage of harmful toxic chemicals in the European Union and North America, bio-based synthetic leather can prove a major opportunity for Suede leather manufacturers.
Based on the Suede market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Materials & Chemicals. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Suede during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The report also assesses the key opportunities in the Suede market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Suede Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Who are the Major Players in the Suede Market?
The global Suede includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Modern Fabrics, H&C Microfiber, Huachang Group, Fitchco, Sandex Corp and others.
Suede Market Dynamics
According to People for the Ethical Treatment of Animals (PETA), more than a billion animals are slaughtered for their skin and hides every year. Most of the genuine leather comes from emerging economies such as China and India, where animal welfare laws are not enforced properly. However, stringent laws are likely to be enforced in Asia Pacific and the rest of the world, which will increase the demand for substitutes of pure leather. Thus, companies are focusing on alternatives to genuine leather, which is generally called synthetic leather.
What are the major Applications, Types and Regions for Suede Market?
Suede Market is segmented based on the type, applications, companies and regions.
By Type, Suede Market has been segmented into
- Polyesters
- Polyamides
- Others
By Application, Suede Market has been segmented into
- Furniture
- Clothing
- Footwear
- Luggage
- Others
Suede Market Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Suede Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The Suede industry is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest Suede leather market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.
What is our Suede Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.5% over the forecast period (2022-2027)
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By Type
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- Polyesters
- Polyamides
- Others
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By Application
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- Furniture
- Clothing
- Footwear
- Luggage
- Others
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By Companies
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Modern Fabrics, H&C Microfiber, Huachang Group, Fitchco, Sandex Corp
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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90
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Suede Report
- Evaluate Suede market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Suede market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Suede Market?
The Suede Market is growing at a CAGR of 5.5% over the next 5 years.
Who are the key players in Suede Market?
Modern Fabrics, H&C Microfiber, Huachang Group, Fitchco, Sandex Corp
What are the significant types of Suede Market?
Polyesters, Polyamides, Others
What are the major end-use applications of Suede Market?
Furniture, Clothing, Footwear, Luggage, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
