What is Global Synthetic Leather for Sports Goods Market?
The Global Synthetic Leather for Sports Goods Market is a vast and dynamic sector that encompasses the production and distribution of synthetic leather products specifically designed for use in sports goods. This market is a subset of the broader synthetic leather industry, which produces a range of products made from artificial materials that mimic the properties of genuine leather. The synthetic leather used in sports goods is typically more durable, cost-effective, and environmentally friendly than its natural counterpart. It is used in the manufacture of a wide variety of sports equipment, from footballs and basketballs to gloves and protective gear. The global market for these products is driven by factors such as increasing participation in sports activities, growing consumer awareness about the benefits of synthetic leather, and advancements in manufacturing technologies.
PVC, Normal PU, Microfiber PU, Ecological function PU in the Global Synthetic Leather for Sports Goods Market:
In the Global Synthetic Leather for Sports Goods Market, there are four main types of synthetic leather: PVC, Normal PU, Microfiber PU, and Ecological function PU. PVC, or polyvinyl chloride, is a type of plastic that is often used to make synthetic leather due to its durability and low cost. Normal PU, or polyurethane, is another common material used in synthetic leather production. It is more flexible and breathable than PVC, making it a popular choice for sports goods. Microfiber PU is a high-end type of synthetic leather that is made by combining microfiber and polyurethane. It is known for its excellent durability and breathability, as well as its close resemblance to genuine leather. Lastly, Ecological function PU is a type of synthetic leather that is made from environmentally friendly materials. It is becoming increasingly popular due to growing consumer demand for sustainable products.
Balls, Gloves, Others in the Global Synthetic Leather for Sports Goods Market:
The Global Synthetic Leather for Sports Goods Market caters to a wide range of applications. One of the primary uses of synthetic leather is in the production of balls for various sports, including football, basketball, and volleyball. Synthetic leather provides the right balance of durability, grip, and performance required in these sports. Another significant application is in the manufacture of gloves for sports like baseball, cricket, and boxing. Synthetic leather gloves offer excellent grip, flexibility, and protection, making them a preferred choice for many athletes. Apart from balls and gloves, synthetic leather is also used in other sports goods such as protective gear, footwear, and sports bags.
Global Synthetic Leather for Sports Goods Market Outlook:
Looking at the market outlook for the Global Synthetic Leather for Sports Goods Market, it's clear that this sector is on a growth trajectory. In 2023, the market was valued at a substantial US$ 822.5 million. Fast forward to 2030, and it's projected to reach an impressive US$ 1022 million. This represents a compound annual growth rate (CAGR) of 3.2% during the forecast period from 2024 to 2030. This growth can be attributed to various factors, including increasing participation in sports, advancements in synthetic leather manufacturing technologies, and growing consumer preference for cost-effective and durable sports goods.
| Report Metric | Details |
| Report Name | Synthetic Leather for Sports Goods Market |
| Accounted market size in 2023 | US$ 822.5 million |
| Forecasted market size in 2030 | US$ 1022 million |
| CAGR | 3.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kuraray, Toray, Teijin, Covestro, Shandong Friendship, Wangkang Group, Asahi Kasei, Duksung, Daewon Chemical, Filwel, Kolon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
