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.
Synthetic leather, often known as automotive PVC artificial leather, is a man-made fabric composed of polyurethane or PVC that has been artificially tanned and colored. It’s a practical, affordable alternative to genuine leather created from tanned animal hides. The material has the appearance and texture of genuine animal skin but is completely devoid of any hair or fur. PVC fake leather used in cars is typically produced in thin sheets of varying thicknesses to meet the needs of a wide range of automotive applications.
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???? Major Takeaways
• Our research analyst has revealed that the worldwide market for automotive PVC artificial leather is anticipated to increase at a CAGR of 3.71 percent between 2023 and 2030.
• The global market for automobile PVC artificial leather is anticipated to grow from its 2022 valuation of about $1,306.97 million to $1,748.59 million by 2030.
• Due to its low price, wide availability, and light weight, the global automotive PVC artificial leather market is expected to expand significantly throughout the forecast period.
➤ Demand has increased in recent years as a result of rising GHG emissions during the pure leather tanning process
The global automotive PVC artificial leather market will expand because to its low cost, convenient availability, and lightweight. Demand for automobile PVC faux leather has skyrocketed in response to rising carbon emissions from the tanning of pure leather, which has been linked to environmental damage. In addition, rising demand for animal-free products due to apathy towards animals has led to significant product demand in European and North American countries, which in turn has steered the trends of the global industry. In addition, the product is used for car seats and other automotive interior applications. The global market for automotive PVC artificial leather is expected to grow as a result of rising demand from both commercial and passenger vehicles. In the next years, the rise of the global market is expected to be aided by new product introductions.
➤ Damage to the laminated surface might reduce demand for the product and slow the expansion of the industry worldwide
The fake leather made of polyvinyl chloride (PVC) used in automobiles is easily punctured and wears out quickly. In addition, unlike genuine leather, the product loses its sheen over time. The rise of the worldwide market for PVC artificial leather used in automobiles may be hampered by the aforementioned concerns. In addition, the laminated surface of the product can deteriorate with time, which can stifle developments in competitive industries worldwide.
➤ Advantages like cheap maintenance costs and low initial investment might propel the worldwide market to new heights
The global market for automotive PVC artificial leather is expected to expand thanks to the product’s many desirable qualities, such as its low cost, low maintenance requirements, sustainability, and durability, and its ease of production. The global demand for these items will become even higher because of the increased comfort they bring to automobiles and the commuters and drivers who use them.
➤ The globalization of the automotive sector faces a potential roadblock in the form of the stringent regulations around the use of leather in the industry
Automotive PVC artificial leather could face significant growth constraints from strict government regulations regarding the use of leather in the automotive sector in a number of developed countries. In addition, supply chain disruptions that cause variations in the price of raw materials can be a significant barrier to the expansion of global enterprise.
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The Global Automotive PVC Artificial Leather Market is segmented based on product, application and region
Global Automotive PVC Artificial Leather Market: Product Segment Analysis
● Seat Leather
● Door Panel Leather
● Instrument Panel Leather
Global Automotive PVC Artificial Leather Market: Application Segment Analysis
● OEM
● Aftermarket
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
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➤ Over the years 2023-2030, Asia-Pacific is expected to rise to the top of the global market
Half of the global automotive PVC artificial leather market in 2022 was located in Asia-Pacific, and this percentage is expected to grow throughout the forecast period. Key automobile manufacturers may be found in nations like India, Japan, South Korea, China, Malaysia, Thailand, and Indonesia, all of which contribute to the expansion of the sub-continental market. Rising disposable incomes and improved living standards in emerging economies will also have a significant impact on the overall size of the regional market. The regional market trends will be further bolstered by the easy availability of raw materials used in the manufacturing of automobile PVC fake leather and by cheaper wages.
Rising demand for artificial leather in high-end automobiles in Europe is propelling the region’s PVC artificial leather sector toward the fastest growth rate. Additionally, rising consumer interest in eco-friendly items such PVC artificial leather in the car industry might be attributed to the growing popularity of green energy trends. As a result, this will boost the development of the sector throughout Europe. For the record, German automakers including Audi, BMW, and Mercedes Benz have begun employing faux leather in car interiors as part of an effort to aid the global green drive. Such actions will have a significant impact on regional market earnings.
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