What is Global Urethane Resin for PU Synthetic Leather Market?
Global Urethane Resin for PU Synthetic Leather Market refers to the worldwide industry focused on producing and distributing urethane resins used in the manufacturing of polyurethane (PU) synthetic leather. PU synthetic leather is a popular alternative to genuine leather, offering similar aesthetics and functionality but at a lower cost and with less environmental impact. Urethane resins are crucial in this process as they provide the necessary properties such as flexibility, durability, and resistance to wear and tear. These resins are used in various applications, including automotive interiors, furniture, footwear, garments, and accessories like bags. The market for urethane resins in PU synthetic leather is driven by increasing demand for sustainable and cost-effective materials across different industries. As consumers and manufacturers alike seek eco-friendly alternatives, the global urethane resin market for PU synthetic leather continues to expand, offering innovative solutions to meet diverse needs.
Resin for Dry Process, Resin for Wet Process in the Global Urethane Resin for PU Synthetic Leather Market:
Resin for Dry Process and Resin for Wet Process are two primary methods used in the production of PU synthetic leather, each with distinct characteristics and applications. The Dry Process involves coating a fabric substrate with a urethane resin solution, which is then dried to form a solid film. This method is known for producing lightweight, breathable, and flexible synthetic leather, making it ideal for applications where comfort and ease of use are paramount. The Dry Process is often used in the production of garments, shoes, and certain types of furniture upholstery. On the other hand, the Wet Process involves immersing the fabric substrate in a urethane resin solution, followed by coagulation in a water bath. This method results in a thicker, more durable, and water-resistant synthetic leather, suitable for applications requiring higher performance and durability, such as automotive interiors, heavy-duty furniture, and outdoor gear. The choice between Dry and Wet Processes depends on the specific requirements of the end product, including factors like texture, strength, and environmental resistance. Both processes have their advantages and are chosen based on the desired properties of the final synthetic leather product. The global urethane resin market for PU synthetic leather continues to innovate and improve these processes, ensuring that manufacturers can meet the evolving demands of various industries.
Automobile Interior, Furniture, Shoes, Garment, Bags, Other in the Global Urethane Resin for PU Synthetic Leather Market:
The usage of Global Urethane Resin for PU Synthetic Leather Market spans across several key areas, including automobile interiors, furniture, shoes, garments, bags, and other applications. In the automobile industry, PU synthetic leather is widely used for car seats, dashboards, and door panels due to its durability, ease of maintenance, and aesthetic appeal. It provides a cost-effective and eco-friendly alternative to genuine leather, meeting the industry's stringent standards for quality and performance. In the furniture sector, PU synthetic leather is popular for upholstery, offering a stylish and durable option for sofas, chairs, and other furnishings. Its resistance to stains and wear makes it a practical choice for both residential and commercial settings. In the footwear industry, PU synthetic leather is used in the production of shoes, providing a versatile material that can mimic the look and feel of genuine leather while offering enhanced durability and comfort. For garments, PU synthetic leather is used in jackets, pants, and other clothing items, offering a fashionable and cruelty-free alternative to traditional leather. In the production of bags, PU synthetic leather is favored for its lightweight, durability, and ability to be easily molded into various shapes and designs. Other applications of PU synthetic leather include accessories like belts, wallets, and phone cases, where its versatility and cost-effectiveness make it a preferred choice. The global urethane resin market for PU synthetic leather continues to grow as manufacturers and consumers alike recognize the benefits of this innovative material across a wide range of applications.
Global Urethane Resin for PU Synthetic Leather Market Outlook:
Polyurethane resins vary in their physical and chemical properties depending on the manufacturing phase. The global Urethane Resin for PU Synthetic Leather market was valued at US$ 6700 million in 2023 and is anticipated to reach US$ 24010 million by 2030, witnessing a CAGR of 20.0% during the forecast period from 2024 to 2030. These resins are essential in producing PU synthetic leather, offering a sustainable and cost-effective alternative to genuine leather. The market's growth is driven by increasing demand for eco-friendly materials across various industries, including automotive, furniture, footwear, garments, and accessories. As manufacturers continue to innovate and improve the properties of urethane resins, the market is expected to expand further, providing new opportunities for sustainable and high-performance synthetic leather products.
| Report Metric | Details |
| Report Name | Urethane Resin for PU Synthetic Leather Market |
| Accounted market size in 2023 | US$ 6700 million |
| Forecasted market size in 2030 | US$ 24010 million |
| CAGR | 20.0% |
| 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 | ADEKA CORPORATION, Polynt S.p.A, Wacker Chemie, SEKISUI CHEMICAL CO.,LTD., SAPICI S.p.A., Silvateam S.p.a, Arkema, Coim Group, DIC Corporation, UBE Corporation, Covestro AG, Smooth-On,Inc., Capital Resin Corporation, NICCA CHEMICAL CO.,LTD., TOYOPOLYMER CO.,LTD., KANGNAM JEVISCO CO.,LTD, Berkshire Hathaway, SANYO CHEMICAL INDUSTRIES,LTD, Hanwha Solutions Chemical Division, Shanghai Huide Science and Technology Co.,ltd., XUCHUAN CHEMICAL(SUZHOU) CO.,LTD, Huafon Chemical Co.,Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
